Bitcoin price hits $100K for first time in history

December 5, 2024 Coin Telegraph

Bitcoin

Bitcoin has rallied 126% since January to reach $100,000, driven by Bitcoin ETF demand, April's halving and Donald Trump's US election win.

The price of Bitcoin reached $100,000 for the first time in history, marking a milestone for the cryptocurrency market after a year of significant growth.

Bitcoin (BTC) hit the $100,000 price mark on Dec. 5, breaking a psychological level just weeks after reaching the $90,000 milestone on Nov. 12, according to TradingView.

Bitcoin also set a new all-time high of $103,679 around 30 minutes after surpassing the $100,000 mark.

Ethereum layer 2s hold .5B stablecoin supply

Ethereum layer 2s hold $13.5B stablecoin supply

Bitcoin records 129% year-to-date gain seven months after halving

December 1, 2024 Coin Telegraph

Bitcoin

According to data from CryptQuant, there is currently less than 2.5 million Bitcoin available for purchase on digital asset exchanges.

Bitcoin (BTC) recorded a 129% year-to-date gain, primarily driven by the outcome of the 2024 United States Presidential election and the April 2024 halving event.

According to data from ICO Analytics, Bitcoin also experienced a 37% gain in November 2024. The ICO Analytics data measured monthly Bitcoin performance between 2011-2024 and revealed only three other years where Bitcoin experienced higher percentage gains for November.

These included 2013, with a staggering 459% gain, 2017 at 54%, and 2020, where Bitcoin recorded a 42% gain during the month.

Ethereum layer 2s hold $13.5B stablecoin supply

Bitcoin hashrate hits all-time high, boosting network security

October 21, 2024 Coin Telegraph

Bitcoin

The increasing Bitcoin hashrate and block reward reduction from the Bitcoin halving may lead to miner consolidation among smaller firms.

The Bitcoin hashrate has reached a new all-time high, showcasing the growing security of the world’s first blockchain network.

The Bitcoin network hashrate — the total computing power securing the Bitcoin network — reached an all-time high of 769.8 exahashes per second (EH/s) on Oct. 21.

The hashrate has been in a steady uptrend since 2021, BitInfoCharts data shows. The hashrate’s escalation is widely correlated with developments in mining hardware like application-specific integrated circuits (ASICs).

Ethereum layer 2s hold $13.5B stablecoin supply

3 signs Bitcoin’s ‘parabolic phase’ with a $250K target is about to begin

October 20, 2024 Coin Telegraph

<div>3 signs Bitcoin’s 'parabolic phase' with a 0K target is about to begin</div>

Bitcoin Halving

Bitcoin whale accumulation, chart technicals, and a declining stablecoin dominance hint at a BTC price bull run ahead.

Bitcoin’s (BTC) price has climbed 55% so far in 2024, including 12.50% gains in October. Its recent increases have been fueled by an overall improving risk-on sentiment led by better-than-expected Wall Street earnings.

BTC/USD daily price chart. Source: TradingView

Additionally, investors are increasingly pricing in potential Federal Reserve rate cuts in November, with pro-crypto Donald Trump’s rising odds of winning the 2024 presidential election furthering the optimism.

Ethereum layer 2s hold $13.5B stablecoin supply

Peter Brandt Warns of Potential 75% Bitcoin Decline if All-Time High Stays Out of Reach

October 12, 2024 Bitcoin.com

Bitcoin

Peter Brandt, a well-known trader and chartist, has warned bitcoin investors about troubling market patterns. He highlighted that BTC has gone 30 weeks without a new all-time high, historically leading to severe declines of up to 75%. While Brandt remains optimistic, forecasting a bitcoin price of $135,000 by late 2025, he cautions that a close […]

Ethereum layer 2s hold $13.5B stablecoin supply

Bitcoin set for 3-month historic rally as analysts eye $92K BTC

September 15, 2024 Coin Telegraph

Bitcoin set for 3-month historic rally as analysts eye K BTC

000

According to market analysts, this could be the last dip buying opportunity for Bitcoin before the next leg up.

After several months of downward movement, Bitcoin may be poised for a three-month rally, with some analysts predicting a breakout above $92,000.

Bitcoin’s price could be on the brink of a three-month rally based on historical post-halving chart patterns.

Bitcoin (BTC) recently retested a key support level on the weekly chart, which could set it up for a rally above $90,000, according to popular analyst Titan of Crypto.

Ethereum layer 2s hold $13.5B stablecoin supply

Top 10 L1 Chains, Hamster Kombat Token Airdrop Performance, and More — Week in Review

September 8, 2024 Bitcoin.com

Bitcoin Halving

Data highlighted the dominance of the top 10 layer one blockchains, collectively valued at $1.66 trillion. In Russia, financial analyst Vladislav Antonov projected growth for the Hamster Kombat token post-airdrop. Meanwhile, China and Russia’s payment flows are under strain due to new sanctions targeting Chinese firms aiding Russia’s war effort. India’s HDFC Bank introduced enhanced […]

Ethereum layer 2s hold $13.5B stablecoin supply

Binance-backed Bitcoin DeFi protocol Zest launches yield-bearing BTCz token

September 5, 2024 Coin Telegraph

Binance

The Bitcoin halving has catalyzed a wave of interest in creating DeFi capabilities for Bitcoin, the world’s first blockchain network.

Binance Labs and Tim Draper-backed Zest Protocol have launched their new BTCz token in the latest development for Bitcoin-native decentralized finance (DeFi).

The new BTCz token will allow Bitcoin (BTC) holders to earn a staking yield on their Bitcoin through the Babylon Protocol.

The new Zest Protocol Bitcoin (BTCz) token could bring a significant increase in capital efficiency for the world’s first cryptocurrency, according to Tycho Onnasch, co-founder of the Zest Protocol.

Ethereum layer 2s hold $13.5B stablecoin supply

Bitcoin Miners Face Leanest Month of 2024: August Earnings Hit Year’s Low

September 1, 2024 Bitcoin.com

Antpool

Bitcoin miners faced their most challenging revenue month of the year in August, marking the lowest earnings since September 2023. Onchain fees collected in August also dipped, reaching a low not seen since last year, with a $4.14 million drop compared to July. August Bitcoin Mining Revenue Drops $99.75M Lower Than July The ongoing effects […]

Ethereum layer 2s hold $13.5B stablecoin supply

Bitcoin mining CEO eyes hashrate contracts to offset rising costs

August 29, 2024 Coin Telegraph

Bitcoin Halving

The slashing of the Bitcoin block subsidy from 6.25 Bitcoin to 3.125 during the April 2024 halving has placed financial pressure on miners.

As Bitcoin miners continue to capitulate due to high costs and decreased block rewards, Andy Fajar Handika, CEO and co-founder of Loka Mining — a decentralized mining pool operator — says he’s found a way to sell future hashrate to finance short-term needs and growth.

In an interview with Cointelegraph, the Loka Mining CEO introduced the idea of forward hashrate contracts — allowing miners to sell their future hashrate for fiat-denominated loans from creditors — which could help to keep the capital-intensive business viable.

These proposed hashrate forward contracts allow smaller mining operations to finance growth and pay for operations today while using the Bitcoin hashrate of tomorrow, he explained.

Bitcoin Halving

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