Crypto exchange OKX notched up $149 million in liquidations, the largest among all crypto exchanges. Nearly 96%, or $143 million, were those stemming from long positions. Bitmex saw the highest liquidated value, however, with a single $10 million bitcoin position getting closed on the exchange. Source link
The lesson drawn from this conflict was that Bitcoin would not be changed by an economically powerful group of individuals seeking to impose their will over the objections of the average users of the network. The oligarchs were forced to bow to the will of a group of vocal plebs. And, crucially, this power dynamic …
El Salvador bought 410 bitcoin for $15 million Friday, the country’s President Nayib Bukele said on Twitter. “Some guys are selling really cheap,” he added in his tweet. It is difficult to verify such claims on the public blockchain, since a buyer of a block of BTC that size would almost certainly have to buy …
El Salvador Purchases 410 More Bitcoins Amid Market Drop, President Bukele Says Read More »
“I think Bitcoin is the first real global money of integrity” according to Okcoin CEO Hong Fang. In a recent interview, she said if “Bitcoin can succeed at the monetary level of achieving a decentralized and censorship-resistant network of money,” there’s hope for other projects as well. She added, “That includes a lot of layer …
Here’s why the market will be the ultimate decision-maker for Bitcoin’s future Read More »
On Wednesday, we recapped how Tesla’s bitcoin acceptance and Coinbase’s direct listing helped send bitcoin’s price to a new all-time high near $65,000, which turned out, in hindsight, to be the market peak. Today, we’ll show how some traders and investors began to cash out in April and May as concerns mounted over U.S. capital …
Bitcoin’s Price Remains Boxed In Below $51K Over Holiday Weekend Read More »
Bitcoin needs to chart a 77% rally in the next four weeks to reach the widely forecast year-end value of $100,000. While analysts are bullish on the cryptocurrency, they don’t foresee a rally to six figures in the short term. “The latest Commitment of Traders report shows net-long positioning on the Chicago Mercantile Exchange, with …
Bitcoin’s Bullish Trajectory Intact, but December Jump to $100K Looks Unlikely: Analysts Read More »
El presidente del país centroamericano, Nayib Bukele, dijo en un tuit que adquirió la mayor criptomoneda con “un descuento”. Nov 26, 2021 at 8:12 p.m. UTC Updated Nov 26, 2021 at 8:12 p.m. UTC El presidente de El Salvador, Nayib Bukele (Archivo de CoinDesk) Source link
Taproot, the long-anticipated Bitcoin upgrade, will activate this weekend at block 709,632, opening the door for developers to integrate new features that will improve privacy, scalability and security on the network. The upgrade locked in back in June, when over 90% of miners chose to “signal” their support. A programmed waiting period between lock-in and …
Taproot, Bitcoin’s Long-Anticipated Upgrade, Activates This Weekend Read More »
MIAMI — The civil trial of Ira Kleiman vs. Craig Wright kicked off in Miami on Monday to perhaps answer one of Bitcoin’s greatest mysteries: Who is Satoshi Nakamoto and what happened to the estimated 1.1 million BTC in his possession? Wright, an Australian computer scientist and early cryptocurrency pioneer, has been claiming to be …
Kleiman v. Wright: Bitcoin’s Trial of the Century Kicks Off in Miami Read More »
Even though an all-over bullish rally is still evident on the king coin’s one-day price chart, Bitcoin faced a major consolidation at the $47,250 level. The same raised concerns among investors about its rally. What Next At this point though, the good news is that Bitcoin is still rallying. But for BTC’s price to continue …
What you need to know about Bitcoin’s revival rally Read More »