Tag: BTC

A recent advancement in cryptographic research has stirred significant concerns regarding the security of Bitcoin (BTC) and other digital assets reliant on the SHA-256 algorithm. The issue gained traction after a tweet from OneKey, a provider of crypto wallet solutions, went viral, posing the question “SHA-256 Collisions Breakthrough: Is Crypto Rekt?” alongside an image from an academic presentation.

Bitcoin (BTC), the largest cryptocurrency, surged 5% over the weekend, reaching $67,500. With the Bitcoin halving event just three weeks away, investors are starting to build up their positions in preparation. Famous investor and writer Robert Kiyosaki has stated that he intends to increase his Bitcoin holdings by an extra 10 Bitcoin before April, driven by the upcoming halving event.

Whale Alert, a well-known blockchain tracker and cryptocurrency transaction monitoring website has noticed significant movement on the Bitcoin network. The transaction, involving an astounding 8,734 BTC, or nearly $560,821,374, drew notice from the crypto community.

Bitcoin (BTC) is experiencing a significant price decline, and gold backer Peter Schiff has reignited discussions among cryptocurrency aficionados. This time, he criticized US-based spot Bitcoin ETFs, alleging that their purchasers are compelled to “desperately watch” during collapses owing to restricted liquidity in comparison to the global Bitcoin market, which operates 24/7.

A recent incident on the BitMEX exchange saw a large sell-off of Bitcoin (BTC), resulting in a temporary price drop to $8,900 on the platform. According to a report by @blckchaindaily, a user executed a large sell order of more than 400 BTC, triggering the price decline. However, the price swiftly returned to normal levels afterward.

As the Bitcoin network approaches its halving event, which is predicted around April 20, 2024, miners and cryptocurrency aficionados are buzzing with anticipation. This occurrence, which occurs about every four years, is a critical milestone that cuts miners’ payouts in half. Currently, there are 34 days until this event, and BTC’s price has remained over $60,000, hitting approximately $74,000 on March 14.

As Bitcoin (BTC) reached a high of $73,000, experts focused on its link with AI company Nvidia. This comes after both assets reached record highs, aided by strong fundamentals and sector confidence. This occurs in the midst of a significant downturn, the strongest in more than a year. Meanwhile, AltSignals, an AI token, has been making progress in the fast-expanding crypto and AI sectors. Listings on Uniswap and CoinGecko have solidified the token’s future as BTC and Nvidia’s correlation develops.

MicroStrategy Inc. (NASDAQ: MSTR) has continued to create perceptible waves amidst increased demand for Bitcoin (BTC) from some of Wall Street’s major financial institutions. MicroStrategy said on Monday during the early New York session that it had completed its prior offering, which was for $800 million due in 2030 with an annual interest rate of 0.625 percent.

In an interview with “What Bitcoin Did” this week, James Check, an analyst at top crypto data platform Glassnode, indicated that Bitcoin (BTC) remains strong despite renewing its record high. The expert provided reasons for his optimistic forecast, implying that the bull market may endure longer than projected.

Major cryptocurrency currencies have shown a favourable trend during the previous 24 hours. Bitcoin (BTC), the top cryptocurrency, neared $68,000, while smaller altcoins saw huge gains. Ethereum’s price has risen beyond $3,900. Meanwhile, several top-tier cryptocurrencies, such as Solana (SOL), XRP, and Cardano (ADA), saw huge price gains.