Bitcoin - Crypto News And Market Updates

Bitcoin Addresses Holding 1 BTC Hit All-Time High Above One Million

May 15, 2023 Gonzalo

Bitcoin addresses with at least 1 BTC hit an all-time high above one million, showing growing adoption as investors buy the dip during the prolonged bear market.

Illustration depicting Bitcoin and Ethereum exchange outflows as reported by Sentora data.

The Ethereumization of Bitcoin: How BRC-20 Tokens Are Transforming the Network

May 15, 2023 Gonzalo

BRC-20 tokens are turning Bitcoin into a more Ethereum-like network, fueling NFT growth, meme coins, high fees, and major debates over scalability.

Bitcoin and Ethereum Edge Higher as U.S. Labor Market Stays Strong

May 13, 2023 Gonzalo

Bitcoin and Ethereum prices rose after strong U.S. job data, but both assets remain under bearish pressure according to technical indicators.

French Crypto Trader Jailed for 18 Months for Buying a Ferrari With Bitcoin

May 12, 2023 Gonzalo

French crypto trader Thomas Clausi was sentenced to 18 months in Moroccan prison and fined $3.7 million after buying a Ferrari with Bitcoin, which later dropped in value.

Illustration showing SpaceX-related Bitcoin transfers with spacecraft and on-chain movement visuals.

CryptoQuant: Bitcoin Emerging From Bear Market as Institutions Eye Q3–Q4 Entry

May 11, 2023 Gonzalo

CryptoQuant says Bitcoin appears out of the bear market, with institutional investors readying Q3–Q4 entries and BTC showing growing correlation with gold.

Image showing Grayscale filing applications for multiple crypto ETFs, highlighting institutional expansion and regulated investment products.

Grayscale Files for Three New Crypto ETFs and Launches Grayscale Funds Trust

May 10, 2023 Gonzalo

Grayscale Investments announced three new crypto-focused ETFs and the creation of the Grayscale Funds Trust, expanding its product lineup despite ongoing tensions with the SEC.

Bitcoin Struggles as U.S. Dollar Index Hits 20-Year Highs Amid Fed Tightening

May 10, 2023 Gonzalo

Bitcoin and other cryptocurrencies continue to decline as the U.S. dollar index reaches 20-year highs. Fed rate hikes and tightening liquidity push investors away from risk assets.

Illustration showing a trader taking long positions on Bitcoin and Ethereum with rising charts.

Ethereum Eyes Breakout as ETH/BTC Cross Forms Bullish Flag Pattern

May 10, 2023 Gonzalo

Ethereum’s bullish flag against Bitcoin signals possible upside. As the ETH/BTC cross consolidates near 0.066, a breakout above 0.07 could strengthen Ethereum’s position.

Illustration comparing Bitcoin’s network growth to early-stage Google adoption and exponential user expansion.

Nearly One Million Bitcoin Addresses Now Hold a Full BTC

May 10, 2023 Gonzalo

The number of Bitcoin addresses holding at least one full BTC is nearing one million, reflecting growing accumulation as lower prices made the milestone more achievable.

Bitcoin on Exchanges Drops to 5.84%, Lowest Level Since 2017 Amid Rising Self-Custody Trend

May 10, 2023 Gonzalo

Bitcoin holdings on exchanges fall to their lowest level since 2017 as investors increasingly move funds to self-custody wallets after FTX’s downfall.