Bitcoin has fully pared losses from Sunday’s dip as the leading cryptocurrency fell from around $48,600 to below $46,000 early Monday morning. As of 21:00 UTC (4 p.m. ET), bitcoin was trading above $48,600 on Coinbase. But the leading...
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The price of bitcoin struggled to regain $49,000 Friday, continuing to bounce between $48,000 and $46,000 heading into the weekend. As bitcoin contemplated which way to go, ether made a new all-time high above $1,850. Much of bitcoin’s choppy...
Bitcoin miners generated an estimated $1.1 billion in revenue in January, up 62% from December, according to on-chain data from Coin Metrics analyzed by CoinDesk. The surge in revenue came as bitcoin‘s price climbed from $29,000 to just below...
“Miners are selling” is a popular trope used to explain bitcoin’s occasional downward price action. But on-chain data doesn’t support this narrative, according to analysts and mining pools themselves. After bitcoin’s correction earlier this week to the tune of...
Tether printed two billion dollar-backed tokens last week, a new record for the leading stablecoin project. Over 24.6 billion tethers now circulate across Ethereum, Tron and Bitcoin’s Omni Layer, per data from Coin Metrics, up from 4.8 billion one...
Bitcoin miners generated an estimated $692 million in revenue in December, up 33% from November, according to on-chain data from Coin Metrics analyzed by CoinDesk. Extending November’s own 48% increase, miner revenues continued to soar as bitcoin rallied over...
The number of addresses holding over 1,000 bitcoin (worth of approximately $37.5 million at the current price) is now at 2,334, a new all-time high, after the number dropped at the end of December by 3.7% to 2,221. This...
Cryptocurrency prices jumped Monday evening after the U.S. Office of the Comptroller of the Currency (OCC) issued a letter approving U.S. banks to use public blockchain networks. Ether jumped nearly 12% on the letter’s release, given Ethereum’s dominance as...
Bitcoin has been declared dead or dying roughly 390 times since 2010. But this year it’s dying much less frequently. In 2020, bitcoin has been reported dead or dying only 11 times, per a list of these faux obituaries...
Newly released data from crypto exchange OKEx gives one possible explanation of how larger holders of bitcoin – or “whales” – were able to influence prices as bitcoin rallied to a new all-time high in November. During that bitcoin...