Bitcoin (BTC) Sentiment Remains Negative, Nears 3-year Lows

Crowd sentiment towards Bitcoin continues to dip to negative territory Bitcoin sentiment is at negative levels last witnessed in October 2020 At current rates, it could keep falling to negative levels last seen in June 2018 The Crypto fear and greed index is at 20, its lowest since April 2020 Bitcoin’s price action remains uneventful with $33k being the level to watch during the weekly close Crowd sentiment towards Bitcoin continues to tread in negative territory. This is according to an analysis shared by the team at Santiment who also…

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7.3% Of Bitcoin’s Circulating Supply is Held on Crypto Exchanges

7.3% of Bitcoin’s circulating supply is held on crypto exchanges This amount translates to roughly 1,533,235 Bitcoin Coinbase and Binance lead the rest in Bitcoin holdings Bitcoin exchange outflows have once again resumed despite the bearish environment Bitcoin outflows point towards renewed accumulation and a possible floor at current levels However, Bitcoin is still in bear territory trading below the 50-day, 100-day and 200-day MAs Crypto exchanges hold 7.3% of Bitcoin’s circulating supply of 18.752 million. This amount of Bitcoin on exchanges wallets translates to roughly 1,533,235 BTC. Furthermore, the…

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Twitter CEO: Square is Building a Bitcoin (BTC) Hardware Wallet

Jack Dorsey has confirmed that Square is working on developing a hardware wallet for Bitcoin The team at Square is requesting community participation in the project Square is also hiring for key roles in hardware, software, security and business Jack Dorsey has proposed an ‘assisted self-custody’ solution centered around the internet on mobile Square also has plans for the Bitcoin hardware wallet to be integrated with CashApp Earlier today, the Co-founder and CEO of Twitter, Jack Dorsey, announced via the social media platform that the financial services company of Square,…

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Bitcoin is Becoming a Decentralized Reserve and Store of Value Asset

Bitcoin is on track to becoming a decentralized reserve and store of value asset Bitcoin might become a good companion for portfolios which also have low-yielding bonds The world is leaning towards a digital future and Bitcoin is at the forefront China banning BTC mining makes the Bitcoin network more decentralized and strengthening the network The team at Bloomberg has released the July edition of their monthly Crypto Outlook Report. In this month’s issue, the team at Bloomberg has concluded that Bitcoin is ‘on track to becoming a globally accepted…

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Bitcoin Whales Accumulate 60k BTC in Highest Daily Spike of 2021

Bitcoin whales holding 100 to 10k BTC have accumulated 60k coins in a single day The event happened yesterday, July 3rd, and coincided with the largest downward Bitcoin mining difficulty adjustment in history of 28% The accumulation might have been due to the prospects of the Bitcoin network becoming more decentralized with the forced exodus of miners within China and its territories Bitcoin has since reclaimed the $35k support and could be headed towards reclaiming the 50-day moving average Bitcoin whales holding between 100 and 10k BTC accumulated 60,000 more…

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Bitcoin Could Be Headed to $24k if $30k Does Not Hold – Report

Bitcoin has been on a downtrend for the last three months $30k continues to be the support area to watch for Bitcoin on a macro level This level also coincides with the 0.618 Fibonacci Retracement Level of Bitcoin’s push from $9,400 to the recent all-time high of around $64,800 A failure of $30k could lead to further losses to the $24k price area that has also been highlighted by Robert Kiyosaki as being an area of interest Bitcoin (BTC) has been on a downtrend for the last three months and…

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Bitcoin S2F Creator: The Next 6 Months Will Make or Break the Model

Bitcoin closed the month of June at a value of $35,037 According to PlanB, the monthly close was at the lowest boundary of his Bitcoin S2F model Bitcoin had a similar close in January 2019 when it deviated by -61% from the model The next 6 months will be a make or break time period for the Bitcoin stock-to-flow model Bitcoin has dropped below $35k and is defending the $33k support zone The creator of the Bitcoin Stock-to-Flow model, @100trillionUSD, also known as PlanB, has once again offered insights into…

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China is Helping Bitcoin Remove the Last Area of Major Centralization

According to Willy Woo, China banning Bitcoin mining is helping BTC remove the last area of major centralization Banning Bitcoin mining and trading makes BTC stronger, more resilient 2021 will go down in history as the year countries, corporates, funds, and high net individuals pushed for Bitcoin adoption Veteran Bitcoin analyst, Willy Woo, is of the opinion that the ongoing crackdown on Bitcoin mining in China, is helping BTC become more decentralized by removing the last major area of centralization. Mr. Woo shared his analysis of the ongoing crackdown on…

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Tom Brady Admits Bitcoin Laser Eyes Did Not Work, Asks for Alternative

Tom Brady has admitted that adding laser eyes to his Twitter profile did not help with Bitcoin’s price action He has since requested his followers for additional ideas that might yield better results for Bitcoin The seven-time Superbowl champion quarterback revealed he was a Bitcoin bull in mid-May when he added laser eyes to his Twitter profile picture Bitcoin is once again trading above $35k and could climb some more tomorrow as Bitfinex goes into maintenance Superstar quarterback of the Tamba Bay Buccaneers, Tom Brady, has admitted via Twitter that…

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BTC’s Block Interval Hits an 11-yr High, Block Confirmation at 23 min

Bitcoin’s time between blocks has hit an 11 year high The average confirmation time on the Bitcoin network has also risen to 23 minutes The Bitcoin network is scheduled for a mining difficulty adjustment in 4 to 5 days  Bitcoin’s difficulty will drop by 23.50% and due to the ongoing BTC mining crackdown in China Bitcoin is once again above $34k with the monthly close being its last hurdle towards $36k and above The time interval between blocks on the Bitcoin network has hit an 11-year high. This milestone was…

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