Bitcoin Transaction Fees Topple Those of Ethereum As Ordinals Hype Returns

Average daily transaction fees on Bitcoin (BTC) switched with Ethereum following a frenzy of ordinal-related activity on the Bitcoin network. As of November 20, the average daily transaction fee for Bitcoin stood at $10.34, while the transaction fee for Ethereum averaged $8.43, according to BitInfoChart. data. Bitcoin’s average daily trading fees hit a new six-month … Read more

Bitcoin Price Prediction as BTC Market Cap Climbs Above $700 Billion for First Time in 17 Months – Is the Bull Market Returning?

A nearly 8% rise in the price of Bitcoin (BTC) over the past seven days has seen its market capitalization jump by over $50 billion to over $700 billion for the first time in seventeen months . The cryptocurrency’s market capitalization most recently stood at around $729 billion, which translates to a BTC price of … Read more

Bitcoin remains an “uncensorable” asset amid crypto scandals

Bitcoins (BTC-USD) volatility has dealt a major blow to crypto markets. Miller Value Partners portfolio manager Bill Miller IV joins Yahoo Finance Live to shed light on bitcoin’s business resilience despite various crypto headwinds. “Bitcoin is very different from crypto, crypto was doomed yesterday,” says Miller, referring to the former FTX CEO. Sam Bankman-Fried convicted … Read more

Block Stock Soars as Cash App Bitcoin Revenue Hits $2.42 Billion – Decrypt

Block, the fintech company led by former Twitter CEO Jack Dorsey, saw its stock price jump more than 20% to over $52 after hours on Thursday, after reporting better than expected Third quarter results. The company, formerly known as the Placereported net revenue of $5.62 billion, up 24% year-over-year (y-o-y), and adjusted EBITDA–earnings before interest, … Read more

Coinbase Now Allows Small US Investors to Trade Bitcoin and Ethereum Futures

Brian Armstrong is the CEO of Coinbase. Michael Nagle—Bloomberg/Getty Images The largest cryptocurrency exchange in the United States announced Thursday that small investors, also known as retail traders, will now be able to trade. Bitcoin And Ethereum eventually on its American platform. Customers can access the two new financial products through Coinbase Advanced, an offshoot … Read more

Saylor Anticipates Major Bitcoin Catalysts; MicroStrategy expands its BTC holdings

“You can never have too much Bitcoin,” said die-hard Bitcoin bull Michael Saylor in a recent CNBC interview following the 3rd quarter result from MicroStrategy. He cited several key factors that can boost Bitcoin’s growth. As co-founder of MicroStrategy, Saylor made Bitcoin a business strategy. The company holds 158,400 BTC worth billions acquired at an … Read more

Will this impact the price rise of Bitcoin (BTC)?

TL;DR Bitcoin enthusiasts and investors are expecting a potential rise in Bitcoin prices following the SEC’s possible approval of a Bitcoin spot ETF, which is expected to attract more investments into the cryptocurrency. The Federal Reserve’s decisions regarding interest rates are crucial to Bitcoin’s price action, with the upcoming December meeting being particularly important. A … Read more

Why is Bitcoin rising again?

Bitcoin is back. Again. Nothing new there, one might say. The price increases, it goes down. Often at high speed. Except this time there might be something new because the number one cryptocurrency in the world looks set to attract a new source of demand and investors are buying now before prices take off. Given … Read more

Bitmex to move customers’ Bitcoin deposit addresses to native Segwit format

BitMEX, the Seychelles-based cryptocurrency exchange, has announced a significant change to its deposit (BTC) address format. Starting November 1, 2023, BitMEX will implement the Payment-to-Witness Public Key Hash (P2WPKH) format, also known as Native Segregated Witness (SegWit) with a bc1 prefix, for all Bitcoin deposit addresses client. This change aims to optimize the use of … Read more

Bitcoin has changed the way we perceive wealth, trust and security

Mumbai As we celebrate the anniversary of the Bitcoin white paper on October 31, experts believe that Bitcoin and the blockchain technology it introduced have fundamentally changed the way we view wealth, trust and security. Celebrating the anniversary of the release of the Bitcoin white paper is a moment of pride and reflection for the … Read more