Category: Bitcoin
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Bitcoin’s Link to Gold Hits a 6-Year High as Tech Correlation Fades: Why It Matters
Bitcoin has frequently been criticized for behaving more like a leveraged tech stock rather than ‘digital gold,’ but this hasn’t been the case lately. The correlation between the leading cryptocurrency and the largest financial asset, gold, has climbed to its highest level since the 2020 pandemic, while its relationship with the Nasdaq has weakened…
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600 BTC Mined in 2010 Moves After 16 Years of Dormancy
Bitcoin mined in 2010 moved from long-dormant addresses after more than 16 years, reigniting speculation over a possible link to Satoshi Nakamoto. A dozen addresses holding a combined 600 Bitcoin (BTC), worth about $48 million, moved the coins on Saturday after more than 16 years of dormancy, according to onchain data reviewed by Cointelegraph. Whale…
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Polish Parliament Fails to Override Crypto Bill Veto in Tight Vote
Key Takeaways Poland’s parliament failed to override a crypto bill veto, forcing local firms to register abroad for MiCA. The vote follows the Zondacrypto scandal, which stole $94M and sparked a massive state corruption probe. PM Tusk blamed opposition leaders for colluding with Zondacrypto, letting it infiltrate the Polish state. Polish Sejm Fails to Overturn…
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US Labor Data Beat Sends Bitcoin Lower Amid Fed Rate Uncertainty
Key points: The US economy added 162,000 nonfarm payroll jobs in August, nearly triple economists’ consensus estimate of 56,000. Bitcoin sold off from $81,300 to local lows of $78,600 following the data, before recovering to $79,500. A rival Bitcoin fork using the Blake2b algorithm saw its first trading activity, with coins changing hands at $350…
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Bitcoin Price Plunges From $82K as $78,000 Becomes the Line
Key Takeaways Bitcoin’s price fell from $82,281 on Sept. 4, putting $78,531 support in focus. Bitcoin has 14 moving-average bullish readings despite 2 oscillator bearish signals. Bitcoin’s price faces $81,430 resistance, while a break below $76,800 raises risk. Bitcoin’s 1-Hour Reversal Puts $78,500 Support on Watch The 1-hour chart shows how quickly bitcoin’s price conditions…
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Wallet Recovery Experts Crack $1B ETH Wallet… But Find Just $10
When a client named Rusty contacted crypto recovery specialist Chris Brooks in 2021, he said he and two others had won 5,000 Bitcoin in a court case, worth around $53 million at the time. They immediately set up a Zoom call to discuss the case. “There were three guys on the call, and one of…
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Fidelity Warns Bitcoin’s Private Keys Face Future Quantum Risk
Key Takeaways Quantum computers could eventually expose bitcoin private keys. SHRINCS combines compact signatures with a recovery mechanism. Quantum-resistant signatures would reduce Bitcoin’s throughput. Fidelity Examines Bitcoin’s Quantum Vulnerability Bitcoin’s private-key protections may eventually require replacement or supplementation, according to the Fidelity Digital Assets analysis published Sept. 1. Cryptographically relevant quantum computers, or CRQCs, do…
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Bitcoin Holds Steady Near $78,000 as Global Bond Yields Surge to Multi-Decade Highs
Japan’s JGB yield now at 30-year high Global long-term bond yields are now at the highest level since the 2008 financial crisis as major long-dated sovereign bonds continued to sell off into trading on Tuesday. The sell off comes only days after US Treasury Secretary Scott Bessent made headlines by announcing that the maximum size…
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Who’s Behind the $408 Million ETH Move to Exchanges?
Key Takeaways The whale deposited 70,739 ETH (about $174M) into exchanges over a 48 hour stretch recently. The wallet still holds 97,115 ETH, worth roughly $237 million, as of today. ETH changed hands near $2,430 in the transfers, implying pressure on ethereum’s price short term. A Familiar Onchain Signal Blockchain trackers spotted the movement, noting…
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The Mystery of the $1M Bitcoin Round Trip
In March, someone moved $1 million worth of Bitcoin through a large crypto custodian. Three weeks later, almost exactly the same amount came back. Incredibly, less than two months after that, the Bitcoin was deliberately destroyed. The wallet had been dormant for almost 12 years before it suddenly sprang back to life. Bitcoin educator Bennet…
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