The nation #debuted its Chivo (slang for “cool”) wallet in #September 2021. Each wallet contained $30 in .#BTC

In the last 24 hours, #traders have closed out approximately $85.87 million worth of short #BTC positions, significantly contributing to #Bitcoin's price surge.

Moreover, the rise in short liquidations has also played a role in driving #BTC's upward #price momentum. 

a brief spike in #network activity that added approximately 44 million non-zero #BTC #wallets to the user base. 

In this analysis, we will assess the technical factors affecting #BTC and #ETH and make predictions about their future movements.

#News that two of the largest #Mt Gox creditors will receive most of their payout in #BTC, rather than fiat, helped spur Thursday’s spike.

 in the balance of #BTC wealth is suggestive that #Bitcoin’s bottom might be in for this #cycle. 

The #number of so-called “shrimp” addresses, defined as #holding under 1 #BTC, also recently hit a new all-time high above 43.2 million. 

So-called “plankton” addresses with under 0.01 #BTC recently hit all-time highs above 32.6 #million.

This #growth has unsurprisingly been driven by a surge in the #number of wallets holding a small #BTC balance. 

with the #number of wallets with a small #BTC balance (presumably retail investors) expanding at a rapid clip.

At least, that is the conclusion that can be drawn from analyzing trends in the distribution of #BTC ownership amongst #wallets, 

Also, the increase in short #liquidations has also contributed to the upward trend of #BTC's #price.

We will evaluate the technical aspects impacting #BTC and #ETH in this study and forecast their future moves.

A judge gave a fraudster a five-year prison term last year after he defrauded victims of almost $1.7 million in #Bitcoin ( #BTC ) and Ethereum ( #ETH ).

The richness of #BTC as a whole is indicating that this cycle's bottom for #Bitcoin may be in.

A new #Bitcoin bull market usually emerges when this concentration of #BTC value starts to reverse.

Henrik Zeberg says Bitcoin #BTC and #cryptto look bullish right now, but he remains #skepticall in midterm 

How Long Does it Take to #Mine 1 Bitcoin? | #BTC Mining Guide [2023]

How to Short Bitcoin? | #BTC Trading #Guide | Step-by-Step

While #Hayes is predicting that we’ll see seven figure #BTC over the next several years, #Balaji believes that it could hit $1M within the next 90 days.

The hottest of these takes have come from industry heavyweights like Balaji #Srinivasan and #Arthur #Hayes, who have each called for #BTC to hit $1M on the backs of a devaluation of the dollar due to infinite money printing from the #Fed.

This change is likely to create a bit of a self-fulfilling prophecy, as investors being rewarded for having fled to #BTC during this crisis increases the probability that they will behave #similarly during the next one.

This is a seminal shift in how #BTC will be #viewed and #traded. 

As we can see, since the crisis began the correlation between #BTC and the #Nasdaq has broken down, while the correlation between #BTC and #Gold has strengthened. 

Although both #Bitcoin and the #Nasdaq are related to technology, #BTC is a monetary asset. 

The game has changed for #Bitcoin. Despite being considered by skeptics as the ultimate risk-on asset, #BTC has instead acted as a safe haven during the largest #bank panic in decades. 

Furthermore, #BTC is a liquidity bloodhound - and the asset appears to be sniffing out the substantial increase in the #Fed’s balance sheet, and implicit devaluation of the dollar, that has occurred in the wake of #SVB.

This comes despite a 10.1% and 10.6% decline in #BTC and #ETH respectively between March 9-10 amid the “#stablecoin panic,” when #USDC and others with exposure to it such as #DAI and #FRAX, de-pegged upon fears that Circle had lost the $3.3B in deposits it held at SVB.

 #BTC has soared 29.4% and #ETH 16.4% since March 9, with the #crypto #market adding $263B in value over this stretch.

The massive rally in #BTC over the past several weeks has been nice for #crypto holders… but has implications that are far more #significant than a double-digit percentage gain in #price.

This week, we interviewed #Balaji #Srinivasan on his bold $1 million bet. Today, we're taking a look at #BTC's impressive run, climbing even as macro conditions have grown more concerning.

#Bitcoin    #Cryptonews #Ethereum #BTC    #Crypto #Blockchain

South Korea Inches Closer to Wide-Ranging Crypto Regulations

#Following a high of $22,497.00 on Sunday, #BTC/USD slipped to an intraday low of $22,331.31 earlier in the session.

#Bitcoin, #Ethereum Technical Analysis: #BTC Back Above $22,000 as Silicon Valley Bank Depositors Are Rescued

#Following a low of #$20,475.60 on Sunday, #BTC/USD surged to an intraday high of $22,728.52 to start the week.

SEEKS $1 BILLION DOLLAR BAILOUT #crypto #bitcoin #cryptocurrency #blockchain #ethereum #btc #forex #trading #money #cryptonews

Bitcoin rejects at $25K as US PPI data meets Credit Suisse meltdown

#bitcoin #ppi #btc

#JustinSun responded, emphasizing that the SEC’s prosecution earlier today was only a “civil complaint” and lacked merit.#TRX #TRON #CryptoNews #BTC 

Kraken to suspend Plaid withdrawals and deposits via ACH Silvergate #crypto #blockchain #btc    #eth