Top Holders of Bitcoin: Who Owns the Most BTC Wallets in 2024?
Out of 460 million Bitcoin wallets that have existed since 2008, there are approximately 46 million Bitcoin wallets worth over $1. 90% of Bitcoin’s total supply is held by <1% of Bitcoin wallet holders, who consist of individuals and large corporations. This bewildering statistic raises concern about Bitcoin ownership and the concept of decentralization as […]
5 Best Bitcoin Wallets of 2024 for iPhone
The cryptocurrency market is the eighth biggest economy, exceeding a total market capitalization value of $1 trillion based on reports by EnterpriseAppsToday. For an economy that began a few decades ago, cryptocurrency has undoubtedly experienced immense growth, with Bitcoin spearheading this success. Bitcoin stands as the biggest player and the most popular cryptocurrency, with a […]
What are Bitcoin smart contracts, and how do they work?
The idea of a digital framework that can carry out the terms of a contract without human intervention is not new. In fact, Nick Szabo, the infamous computer scientist first used the term “smart contract” in 1994, demonstrating the long history of self-executing protocols. But the various applications of blockchain technology we see today proved […]
Bitcoin Ordinals: Here’s Everything You Need to Know in 2024
When it comes to NFTs, Ethereum and Solona are undoubtedly the dominant ecosystems for NFT creatives and marketplaces. While most attention is given to the aforementioned, Ordinals (a type of Bitcoin NFTs) are suddenly the next “hotspot,” as many associated marketplaces have experienced a surge in popularity and purchase. NFT development in the Bitcoin ecosystem […]
Spot Bitcoin ETFs: What You Need to Know
In recent years, the discussion around spot Bitcoin Exchange Traded Funds (ETFs) has been heating up, particularly in the crypto community. ETFs, are investment funds that are traded on stock exchanges. They typically hold assets such as stocks, commodities, or bonds and allow investors to buy shares representing ownership in these assets. A spot Bitcoin […]
The head of CryptoQuant predicted the growth of bitcoin rate to $112 thousand.
Kee Young Ju, the head of CryptoQuant, states that the worst scenario for Bitcoin this year is to reach $55,000 and stop there. In the best scenario, the price will reach $112,000. Bitcoin price may reach $112,000 by the end of 2024, if the current trend of inflows into exchange-traded funds (ETFs) on Bitcoin will […]
What is a Hardware Wallet and how does it work?
In today’s digital age, security is a top concern when it comes to storing and managing any type of assets, including cryptocurrencies. With the rise of cyber attacks and hacking incidents, it’s important for cryptocurrency holders to take precautions in order to keep their coins safe using hardware wallets. One option that has gained popularity in […]
Anticipating an Early 2024 Bull Run: Bitcoin Analyst’s Insight
Navigating Bitcoin’s Current Landscape Bitcoin, is currently trading near the $43,700 mark, showcasing a 15.25% gain for holders this week. A closer look at the weekly Bitcoin price chart has led analysts to predict an upcoming bull run, citing significant market indicators. Indicators of an Impending Bull Market Milne emphasizes that the ongoing BTC bear […]
Bitcoin and Ethereum Rise Adds Positivity to NFT Markets
In recent weeks, the surging values of Bitcoin and Ethereum have triggered a substantial resurgence in various NFT markets. Notably, Ethereum and Solana have emerged as hotbeds of activity, with collections experiencing significant upticks in both value and investor interest. Ethereum NFT Collections Experience Robust Growth The Ethereum-based Pudgy Penguins collection has become a focal […]
Bitcoin Rallies Above $41k as Fundamentals Strengthens
Bitcoin, the world’s largest cryptocurrency by market capitalization, has once again made headlines by breaking past $41k, a mark it hasn’t seen since April 2022 (before the Terra crisis). The driving force behind this momentum is the recent series of interest rate cuts made by central banks worldwide. Indicator Daily Chart of BTC/USDT Source: Trading […]
Transforming Bitcoin’s Volatility: The Potential Impact of Spot ETFs
A Game-Changer for Bitcoin Liquidity In the realm of cryptocurrency, analysts are speculating that the introduction of spot ETFs (Exchange-Traded Funds) could be a pivotal move to diminish the sway of crypto whales, ultimately leading to reduced volatility in the Bitcoin market. This echoes the pattern seen in traditional markets, where spot ETFs enhance liquidity […]
Bitcoin mining difficulty reaches all-time high
Bitcoin mining difficulty is a crucial metric that affects the functioning of the Bitcoin network. It refers to how hard it is for miners to solve complex cryptographic problems and generate new blocks on the blockchain. As more people join the network and contribute their computing power, the difficulty level increases, making it more challenging […]
Expert Analysis Points to Ongoing Bull Run and Altcoin Surge
In the ever-evolving realm of cryptocurrency, optimism is gaining ground, buoyed by insights from a distinguished crypto analyst. As this expert signals an ongoing bull run, supported by promising indicators and developments, the crypto community eagerly anticipates potential market shifts. The insights are shared on a reputable platform, shedding light on the imminent surge in […]
Bitcoin Addresses With At Least $1000 Reaches Record High
Bitcoin has been on the rise recently, with its price steadily increasing and attracting the interest of both institutional and retail investors. Of course, the accumulation of the largest cryptocurrency follows the Securities and Exchange Commission’s (SEC) approval or rumors of approval of Bitcoin exchange-traded funds (ETFs). These developments have brought bitcoin back into the […]
Cryptocurrency Holiday Season and Beyond
Institutional Investments and Market Dynamics As the holiday season approaches, the cryptocurrency market anticipates the annual “Santa rally.” This festive period often brings significant shifts in market dynamics. One of the prominent trends this year has been the surge in institutional investments. Major financial institutions and hedge funds have recognized the potential of cryptocurrencies, particularly […]
The Rise of Spot Bitcoin ETFs
In the ever-evolving landscape of cryptocurrency investments, Investment giant VanEck has once again thrown its hat into the ring, submitting a fresh Bitcoin ETFs application for a spot Bitcoin exchange-traded fund (ETF) to the U.S. Securities and Exchange Commission (SEC). Following in its footsteps, industry behemoth BlackRock has also refined its bid for a similar […]
The Impulsive Nature of Crypto Markets
The world of cryptocurrency trading is inherently volatile, with prices fluctuating based on a multitude of factors, both rational and irrational. Recent events surrounding Bitcoin’s price movements have once again highlighted the impulsive nature of crypto markets. This article delves into the recent rollercoaster ride of Bitcoin’s price, spurred by the misinterpretation of information related […]
Bitcoin’s Resilience Amidst Economic Uncertainty
In the ever-changing landscape of the cryptocurrency market, Bitcoin has once again captured the spotlight by surpassing the $31,000 mark. This surge in value, which began last week, has left analysts and investors alike pondering the underlying reasons for Bitcoin’s resilience amidst global economic uncertainty. BTC vs. Gold Bitcoin’s recent ascent has been notably juxtaposed […]
Bitcoin Dominance Index Hits Two-YearHigh
The dominance rate of Bitcoin, the top cryptocurrency by market capitalization, reached a 2.5-year high on Monday. According to data from TradingView, the dominance rate rose to 52.45%, its highest level since April 2021. This increase is in line with the bullish breakout seen in June, which ended a prolonged period of trading between 38% […]
Bitcoin’s Wild Ride: The SEC, ETFs, and Market Sensitivity
October 16, 2023 – In a rollercoaster day for the cryptocurrency market, Bitcoin experienced a dramatic surge to $30,000, triggered by rumors suggesting that the Securities and Exchange Commission (SEC) had given the green light to the iShares Bitcoin spot ETF. However, as the crypto community held its breath, the excitement quickly dissipated as […]
