New data hints why Bitcoin price action has spent two months at $30K
Multiple factors demonstrate why $30K is so important for for BTC/USD within an ongoing price "supercycle." Bitcoin (BTC) has seen almost two months of rangebound price moves after hitting $30,000 — and new data hints why.In a series of tweets on July 15, popular Twitter commentator Nunya Bizniz presented multiple arguments supporting the significance of $30,000 for BTC/USD.All roads lead to $30,000?Despite rising fundamentals and ongoing adoption narratives, BTC price action has failed to reestablish a bullish trend.Still 50% below recent all-time highs, Bitcoin is without direction,....
Related News
Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more a week on Cointelegraph in one link.Top Stories This Week New data hints why Bitcoin price action has spent two months at $30KBitcoin (BTC) posted another week of range-bound price action. Bitcoin has traded in a fairly tight range over the past several days, acting more like a volatile stablecoin than the bullishly tilted turbulent cryptocurrency folks know and love.....
On October 22 at 4:52 p.m. (EDT), a miner that acquired 50 bitcoin on May 17, 2010, spent the funds that sat idle for 11 years and five months. There hasn’t been a 2010 block reward spent in three months and the last time a 2010 miner spent their ‘sleeping bitcoin’ was on July 4, 2021. After waiting patiently for more than a decade, the miner who spent the ‘sleeping bitcoin’ on Friday saw a percentage gain of 76,249,900% if the individual cashed out into U.S. dollars today. Editor’s Note: Another block reward from 2010 that was created on July 18,....
Cryptocurrency and blockchain firms are concerned about the future legislation revolving around the cryptocurrency industry and money spent on lobbying cemented this fact. A recently published study indicates that money spent on crypto lobbying jumped 116% in 12 months with $9.56 million leveraged to seek to influence from politicians and public officials.
Millions of Dollars Were Spent on Crypto Lobbying and Interest Representation in 2021
While the digital currency and blockchain industry has matured a great deal, a number of crypto advocates are concerned about regulation and....
Dogecoin (DOGE) price had to go through the rabbit hole as it recovered from the blows of the crypto winter. Dogecoin price refrains to subject to Elon Musk’s bidding Price underrated yet pins a surprise twist at the end DOGE nearing a breach before August ends; September hints at a pompous rally at 50%. It seems that Elon Musk has been mum about Dogecoin for several months now hinting that the tie-up has ended, and it’s time to call it a day and move on. Related Reading: Polkadot (DOT) To Retest $9.88 Resistance – Can Bulls Regain Solid Footing? DOGE Price Moving Up – With Or....
On Bitcoin’s 12th anniversary, a mystery miner from the early days spent 1,000 decade-old bitcoins that were mined in 2010. The strange miner was not the only entity that spent 2010 BTC block rewards during the last nine months, but this miner returned on a few occasions to spend strings of ten-year-old block rewards. As the end of 2021 nears, 152 blocks with 7,600 bitcoin worth $319 million today and minted in 2010 have been spent this year after sitting idle for over a decade. **Editor’s note: This article was updated at 12:40 p.m. (EST) on Sept. 28, 2021, to include....