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2023 Bitcoin price movements mirror 2017, weekend see a third attempt at $25K (www.blockcast.cc)

Today has seen Bitcoin (BTC/USD) cap the weekend’s price surge with another stab at $25,000. It is the third time that the bitcoin price is attempting to break above $25,000 and it is already showing signs of pulling off another 2017. Bitcoin price has seen some parabolic movements since February 13 moving from trading around […]

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Bitcoin price analysis: BTC faces difficult resistance level ahead (www.blockcast.cc)

Bitcoin (BTC/USD) price picked up notable momentum on Wednesday as the digital currency hit a new 2023 high. Granted, 2023 is a mere 6 weeks old and the current bull run looks pretty insignificant on the one-year chart. BTC/USD chart by TradingView But I’m not here to ruin the party, rather just trying to gather […]

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Bitcoin price analysis: BTC retests $22.8k as hashrate hits 300 EH/s (www.blockcast.cc)

Bitcoin (BTC/USD) rose on Wednesday as the crypto market strengthened following the week’s turmoil amid negative regulatory news and uncertainty across stock markets after Tuesday’s US inflation data. According to CoinGecko data, Bitcoin climbed to highs of $22,800 across major exchanges, with the coin at 4% higher at around 8:00 am ET. Are you looking […]

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Bitcoin exchange LocalBitcoins set to shut down this month (www.blockcast.cc)

Bitcoin (BTC/USD) peer-to-peer (P2P) exchange LocalBitcoins has today issued a service closure statement stating that it is set to shut down this month due to the “ongoing very cold crypto winter.” The Helsinki-based exchange has been in service for the last 10 years making it one of the longest-serving and best P2P cryptocurrency exchanges. It […]

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Bitcoin miners’ outflows pull bitcoin price below $21K (www.blockcast.cc)

Today’s bitcoin price drop may have caught many by surprise especially since it comes after days of a sustained bullish trend. Bitcoin (BTC) jumped above $21 on January 14 and largely stayed above that level until yesterday night when it slipped below $21k again. Besides bitcoin, many other cryptocurrencies have been in red today making […]

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Bitcoin breaks above $21K as short liquidations hit $725 million (www.blockcast.cc)

Bitcoin (BTC/USD) rallied to highs of $21,321 on Coinbase early Saturday as bulls pushed on from the breakout above the $20,000 mark. It was the first time since the brutal dump in November following the collapse of FTX that Bitcoin price had posted such gains. The flagship cryptocurrency has registered seven consecutive green candles on […]

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Grayscale Bitcoin: GBTC discount to NAV narrows to -38.55% (www.blockcast.cc)

Shares of the Grayscale Bitcoin Trust (OTCMKTS: GBTC) rose on Tuesday as an uptick across the crypto market pushed prices of Bitcoin (BTC/USD) and other cryptocurrencies higher. What’s the discount to NAV? The discount or premium to NAV of a security is the calculation of the percentage at which an exchange traded fund (ETF) or […]

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MicroStrategy increases Bitcoin holdings by 2,500 BTC (www.blockcast.cc)

MicroStrategy (NASDAQ: MSTR), the world’s leading enterprise analytics firm and the public company with the largest holdings of Bitcoin (BTC/USD), is not done buying the cryptocurrency. While the market has teetered on the verge of a major sell-off as prices oscillate at critical support levels amid crypto contagion, MicroStrategy appears to have tapped into the […]

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Bitcoin poised near $17K as miner outflow hits 11-month low (www.blockcast.cc)

Bitcoin (BTC/USD) continues to struggle around $17,000 since it traded sharply lower at the start of November amid the FTX implosion. The benchmark cryptocurrency is currently positioned near $16,826 on major crypto exchange Coinbase, having ticked down from intraday highs of $16,967. Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz […]

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Grayscale CEO confirms tender offer if Bitcoin ETF path fails (www.blockcast.cc)

Grayscale Investments will look to return 20% of Grayscale Bitcoin Trust (GBTC) fund to investors if its bid to have a spot Bitcoin ETF fails. The company will explore this option should its battle to have the Securities and Exchange Commission (SEC) approve its application to convert GBTC into spot bitcoin ETF fail. That’s the […]

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