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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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Bitcoin is ‘a top contender to outperform gold’ (www.blockcast.cc)

Bitcoin (BTC/USD) may be struggling to hold onto the last bull market’s gains with the benchmark cryptocurrency’s price just below $17,000, and more than 66% down in the past year.   While the ‘digital gold’ has lost two-thirds of its value in the past year, gold has declined by about 3% year-to-date. Over the past year, […]

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The Internet Computer integration adds smart contracts to Bitcoin (www.blockcast.cc)

The Internet Computer (ICP/USD), the world’s first internet-scale public blockchain has brought smart contracts functionality to Bitcoin (BTC/USD), thanks to its mainnet integration with the world’s largest cryptocurrency by market cap. Unlike platforms such as Ethereum, Bitcoin does not natively support smart contracts. According to DFINITY Foundation, the company helping to develop the Internet Computer […]

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European Central Bank says Bitcoin is dead (www.blockcast.cc)

The European Central Bank is painting a very pessimistic outlook for Bitcoin (BTC/USD), noting that the flagship cryptocurrency is now at its “last stand” and could be on its way to “irrelevance.” As to the why of this outlook, the ECB points to Bitcoin’s crash from  (highs of $69,000 reached in November 2021, to lows […]

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How & where to buy VERSE, the new Bitcoin.com DeFi token (www.blockcast.cc)

Bitcoin.com, a digital ecosystem and secure self-custody platform where users can safely and easily interact with cryptocurrencies and digital assets, has launched its new utility and reward token called VERSE. The public sale of the new token is currently open after successful Sale A and Sale B private sales. The public sale has been ongoing […]

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