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Bitcoin News
Bitcoinist
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Bitcoin Short-Term Holder Supply Decreasing At Fastest Pace Since 2012: What’s Going On?
- The supply of Bitcoin held by short-term holders (STHs) has been decreasing at the fastest monthly rate since 2012.
- STHs are Bitcoin investors who bought their coins within the past 155 days, while long-term holders (LTHs) are those who hold coins for a longer period.
- The 30-day change in STH supply has plunged into the negative region, indicating a decrease of around 15% in the past month.
- This decrease in STH supply suggests a rise in HODLing sentiment and can be a positive sign for Bitcoin.
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TheNewsCrypto
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Commerzbank Rolls Out Bitcoin and Ethereum Trading Services in Germany
- Commerzbank has partnered with Crypto Finance to provide crypto trading services for its corporate clients in Germany.
- The initial focus will be on Bitcoin and Ethereum, allowing businesses to engage with these digital assets securely.
- This partnership demonstrates Commerzbank's commitment to offering secure access to the growing cryptocurrency market.
- Commerzbank has been expanding its involvement in digital assets since obtaining a crypto custody license in November 2023.
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Coinpedia
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Bitcoin Breaks $63K Barrier After Historic FED Rate Cut: What’s Next?
- After the announcement of a historic rate cut by the Federal Reserve, Bitcoin surged past $63,000.
- Fed Chair Jerome Powell announced a 0.5% rate cut, which could potentially propel Bitcoin to new highs.
- The crypto market rallied as a result of the rate cut, with Ethereum and SOL also experiencing gains.
- The upcoming US elections and regulatory headwinds could impact the potential rally of Bitcoin.
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Coinpedia
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Bitcoin Price Analysis: Why Institutional Investors Are Backing the Bull Run
- Bitcoin has experienced a 7.1% growth in the last seven days.
- Institutional investors are no longer aggressively shorting Bitcoin, as seen in the drop of net short positions on Bitcoin futures at the CME by 75% over the last five months.
- This change in institutional sentiment towards Bitcoin indicates a positive trend for the market.
- The strong backing of institutional investors suggests significant growth ahead for Bitcoin.
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Coinpedia
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Is Crypto Bull Run Imminent? What’s Next After the FED’s Interest Rate Cut?
- The first US interest rate cut in four years has had a visible impact on the global market, including crypto assets.
- Crypto market cap increased by nearly 2% in the past 24 hours, with Bitcoin leading a bullish recovery.
- The fear of further crypto capitulation has decreased, with Bitcoin's fear and greed index indicating neutral sentiment among traders.
- Wall Street analysts caution against expecting an immediate bullish continuation, predicting a potential stock market retrace before a long-term rebound.
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Bitcoinchaser
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Here’s How to Get Free JET Box Daily at Coins.Game
- Coins.Game is offering Free JET Boxes to their players, allowing them to receive free JET currency for playing games and interacting on the site.
- To qualify for the Free JET Boxes, players must have a Coins.Game account, reach at least level 2 in the VIP program, wagered at least 500 USDT, and made a deposit in the last 7 days.
- Players can fill up their Free Box by logging in, playing games, and participating in chats on Coins.Game.
- Once the Free Box is full, players can claim up to 0.2 JET at a time and up to 0.5 JET per day.
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12 Likes
Bitcoinchaser
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Score 50 USDT with Pick 4 Win Promotion at Sportsbet.io
- The Pick 4 Win promotion at Sportsbet.io offers a chance to win 50 USDT free bet by predicting the outcome of 4 questions.
- To qualify, participants need to place bets worth 10 USDT during the week of the competition.
- If participants answer 3 questions correctly, they will win a 10 USDT free bet. If all 4 questions are answered correctly, a 50 USDT free bet will be awarded.
- Winners must use the Free Bets on any Sportsbet.io market with odds of 1.50 or higher within 72 hours.
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25 Likes
Altcoinbuzz
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Noble and Monerium Launch First Regulated Euro Stablecoin
- Noble and Monerium have launched EURe, the first authorized and regulated Euro-backed stablecoin in Europe.
- EURe has handled over €1.7 billion in transactions since its launch and is integrated into the EU's SEPA framework.
- Using EURe is seamless, with a unique IBAN number linked to Noble wallets for instant transfers between bank accounts and the digital world of IBC blockchains.
- EURe brings convenience and security for managing Euros in the digital space while being tied to the traditional Euro.
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23 Likes
Newsbtc
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Cardano Goes Bullish On-Chain: Can ADA Price Catch Up?
- Despite bullish on-chain signals and positive community sentiment, Cardano's ADA price struggles to gain momentum.
- ADA has won the title for the altcoin with the best technology in a recent survey conducted by Weiss Crypto.
- Bullish on-chain signals include a high Long/Short Ratio and growing Futures Open Interest.
- However, ADA's price remains stagnant around $0.33, influenced by bearish sentiments in the wider crypto market.
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18 Likes
Bitcoinist
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US Elections And Crypto: Industry Insiders Predict Potential Market Impact
- As the US presidential election approaches, experts believe that its potential impact on the crypto market will be minimal.
- Prominent figures in the crypto industry suggest that global developments play a bigger role in driving the momentum of digital assets and blockchain technology.
- Bipartisan support in US Congress is seen as key for fostering a regulatory environment conducive to technological advancement.
- While the US election generates anticipation, insiders agree that the market's trajectory will be influenced by broader global trends rather than political outcomes.
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13 Likes
Bitcoinik
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Bitcoin Surges 5% Despite $52M Outflow from Spot ETF, Fueled by Fed Rate Cut Decision
- The U.S. Federal Reserve announced a 0.50% interest rate cut, boosting bullish sentiment in crypto and non-crypto markets.
- Bitcoin and the broader cryptocurrency market experienced a rally following the rate cut decision.
- Bitcoin spot ETFs saw a net outflow of $52.827 million after four consecutive days of inflows.
- The current trade price of Bitcoin is $62,300, showing a 4% increase in the last 24 hours.
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Bitcoinsensus
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Bitget LaLiga Partnership: Crypto Meets Football
- Crypto exchange Bitget has signed a partnership with La Liga, Spain’s top football league, as the official crypto partner.
- The deal could impact Bitget’s ongoing partnership with football superstar Lionel Messi.
- The partnership covers Eastern and Southeastern Asia, and Latin America for two years.
- Bitget surpassed 45 million users worldwide and remains optimistic about its involvement with The Open Network (TON).
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17 Likes
Newsbtc
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Transforming a $500B Industry: 7000+ Games, 15k Presale Registrations – How Rollblock Is Set Trump ETH, SOL and BNB for Gains
- Rollblock (RBLK) is a crypto presale token aiming to disrupt the $500B global online gambling industry by combining DeFi with online gaming.
- Investors in Ethereum (ETH), Solana (SOL), and BNB (BNB) are diversifying into RBLK as it offers a unique way to play games online and earn passive income.
- Rollblock's revenue share model and staking mechanism allow token holders to earn up to 30% APY and participate in the platform's profits.
- The Rollblock presale has already raised over $3.5m and analysts predict up to 880% ROI, making it an attractive investment opportunity.
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2 Likes
Altcoinbuzz
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Louisiana Accepts First Crypto Payment via Bitcoin Lightning
- Louisiana has become the first US state to accept cryptocurrency payments for certain state services.
- Residents can now use Bitcoin, Bitcoin’s Lightning Network, and USDC to pay for select services.
- The first crypto payment has already been made by the Louisiana Department of Wildlife and Fisheries using Bitcoin’s Lightning Network.
- Louisiana plans to convert all crypto payments into US dollars to avoid the fluctuating nature of cryptocurrencies.
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4 Likes
readwrite
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Donald Trump buys burgers with Bitcoin before NYC rally
- Former U.S. President Donald Trump made a pitstop at a crypto-themed bar before attending a rally in NYC.
- Trump bought a burger with Bitcoin at the Greenwich-based Pubkey.
- He became the first U.S. president to publicly use the Bitcoin network.
- Trump continues to show support for Bitcoin and cryptocurrency.
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26 Likes
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