BITCOIN BTC

Technical Analysis of Bitcoin: BTC Continues to Show Resilience in a Stable Cryptocurrency Market

Benito CormiFeb 7, 20243 min read

Bitcoin Consolidates with Subdued Activity Bitcoin (BTC) has been exhibiting a pattern of consolidation with subdued activity in the past week. The price of BTC has…

Grayscale’s Reduction of Bitcoin Holdings Amidst Growing ETF Reserves

Benito CormiFeb 6, 20242 min read

Grayscale Sells Bitcoin while Rivals Accumulate The Grayscale Bitcoin Trust (GBTC) has been actively reducing its holdings, with around 3,426.99 BTC deducted on Monday and 2,565.39…

Beijing’s New Energy Conservation Plan Includes Measures to Regulate Cryptocurrency Mining Operations

Benito CormiFeb 6, 20242 min read

Beijing’s New Plan to Curb Cryptocurrency Mining for Energy Conservation The city of Beijing has announced a series of policies aimed at prioritizing energy conservation and…

Analyzing Transaction Expenses and Delays: A Deep Dive into Onchain Bitcoin Fees Projected for 2024

Benito CormiFeb 6, 20242 min read

Bitcoin Network Transaction Fees in 2024 The average transfer fee on the Bitcoin network has consistently been above $3.68, while the cost for median-sized transactions hasn’t…

Bitcoin Irregularities Detected in Over 25,000 Statements by Brazilian Tax Authority

Benito CormiFeb 6, 20242 min read

Brazilian Tax Authority Cracks Down on Crypto Tax Non-Compliance The Brazilian tax authority, Receita Federal do Brasil (RFB), has uncovered widespread irregularities in cryptocurrency tax reporting.…

BTC Stays Above $43K: An In-Depth Technical Analysis as Bulls Safeguard Support

Benito CormiFeb 5, 20243 min read

Bitcoin’s Price Holds Above $43,000 Range as Bulls Defend Support Levels Bitcoin’s price is maintaining its position above the $43,000 range after bulls successfully defended key…

Tennessee Adopts Blockchain Basics Act as Part of Wider Legislative Effort

Benito CormiFeb 5, 20242 min read

Tennessee Introduces the Blockchain Basics Act The Blockchain Basics Act, a bill that aims to protect the rights of cryptocurrency ownership, self-custody, and mining, has made…

Landslide Victory: El Salvador Reelects Nayib Bukele, a Bitcoin Visionary

Benito CormiFeb 5, 20243 min read

Nayib Bukele Wins Presidential Election with a Landslide Victory Nayib Bukele, the current president of El Salvador, has emerged victorious in the presidential election with an…

2021 Crypto-to-Metal Ratio Dive: Commodity Expert Mike McGlone Expects Gold to Shine Brighter Than Bitcoin

Benito CormiFeb 4, 20242 min read

Bitcoin Falls Short of Gold’s Performance, Warns Commodity Analyst Bloomberg’s commodity market expert, Mike McGlone, has raised concerns about the potential downturn for bitcoin in comparison…

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