Rising Bitcoin Millionaires Signal Start of New Crypto Bull Run

The cryptocurrency market is experiencing a significant change, as evidenced by the increase in the number of Bitcoin millionaires. By 2023, the number of addresses holding over $1 million in Bitcoin will more than triple, reaching a staggering number of over 81,000. This remarkable increase, representing a growth of 237% since January, coincides with the … 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

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 (BTC) Cryptocurrency Price in India Today (October 31, 2023): Check Latest Bitcoin Cryptocurrency Price Today in INR

24h low – 24h high ₹28,45,088 – ₹29,01,677 24h price change 9,475.39 Percentage price change over 24 hours 0.33% Change in market capitalization 24 hours 36,09,25,56,983 Percentage change in market capitalization over 24 hours 0.06% Start date Jul 05, 2013 Market capitalization Market capitalization = Current price x Circulating supply. ₹5,62,02,13,10,01,291 Volume Cryptocurrencies are bought … Read more

VanEck modifies its Bitcoin spot ETF application

Asset manager VanEck filed an amended application for a Bitcoin spot (BTC) exchange-traded fund (ETF) on October 27 with the United States Securities and Exchange Commission (SEC), according to to the regulator’s database. The amended filing highlights that a seed investor purchased the Seed Creation Baskets – a block of 50,000 shares of the proposed … Read more

Bitcoin Ready to Face ‘Supply Shock’ as Exchange Balance Falls to 5-Year Low, Analyst Says

Bitcoin (BTC) Supply has become increasingly tight, with foreign exchange balances falling to a five-year low and leaving the asset primed for a potential “supply shock”, Matt Weller, global head of research at Forex.com said in a interview with CoinDesk TV THURSDAY. The level of bitcoin available on crypto exchanges – liquid tokens that investors … Read more

Bitcoin, Ether Options Activity Hits All-Time Highs of $20 Billion Amid ETF Hype

The crypto options market is booming. Theoretical open interest in dollar value locked in active bitcoin and ether options contracts on major exchange Deribit amounted to $20.64 billion, according to data tracked by the Swiss company Laevitas. This figure is almost comparable to the peak recorded on November 9, 2021, when bitcoin traded above $66,000, … Read more

Bitcoin breaks $30,000 barrier but awaits monthly close for bullish confirmation

Share: Bitcoin is currently at a resistance level, according to analysts who expect a monthly close above $30,000-32,000. Bitcoin traders seeking “further bullish confirmation” may face concerns over higher resistance. MicroStrategy is now making significant profits as the price of Bitcoin rebounds. Bitcoin exceeds $30,000 Bitcoin crossed the crucial $30,000 mark again on Monday after … Read more

Bitcoin ETF to Trigger Massive Demand from Institutions, Says EY

Bitcoin (BTC) is in high demand among institutional investors but is awaiting approval for a spot BTC exchange-traded fund (ETF) to spark a buying rally, according to a blockchain executive at professional services provider Ernst & Young (EY ). Paul Brody, global blockchain leader at EY, believes that Bitcoin faces significant pent-up demand from institutions … Read more

Coinbase CLO Confident US SEC Will “Take Responsibility” and Approve Bitcoin ETF

Paul Grewal, Chief Legal Officer (CLO) of Coinbase Global Inc. expressed his confidence and expectations for a spot approval of the Bitcoin (BTC) Exchange Traded Fund (ETF) from the Securities and Exchange Commission (SEC) the United States. Grewal is optimistic that the regulator will fulfill its responsibilities by approving this highly sought-after investment product. One-time … Read more