Bitcoin News

Bitcoin News

Markets

Ether, Dogecoin Lead Capital Rotation Away From Bitcoin as Altcoin Fever Resurges

Macro and legislative tailwinds continue to shape the altcoin trade, with some eyeing real-world asset linked projects for further gains.

Markets. (Shutterstock)

Markets

Bitcoin's Dominance Slides by Most in 3 Years as BTC's Correlation With Altcoins Weakens

The declining correlation between bitcoin and altcoins suggests potential for increased market volatility and forced liquidations, per one observer.

BTC's dominance rate tanks. (Mediamodifier/Pixabay)

Markets

Asia Morning Briefing: Miners and Whales Dumping BTC Amid Rally May Signal 'Local Top'

BTC’s rally to all-time highs triggered the largest miner sell-off since April, with 16K BTC moved to exchanges.

(André François McKenzie/Unsplash)

Markets

Gordon Brown Redux? UK Reportedly Mulls Sale of 5B Pounds in Bitcoin

Facing a budget hole of perhaps 20 billion pounds, the country's Home Office is working with the police to perhaps sell billions of seized crypto, according to The Telegraph.

UK Chancellor Rachel Reeves (Leon Neal/Getty Images)

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Finance

Shares of Jack Dorsey’s Block Jump 8.5% on S&P 500 Inclusion

Inclusion in the S&P 500 index will increase Block's visibility and exposure to institutional investors, who will indirectly gain exposure to bitcoin.

Square PoS (Square/Unsplash)

Markets

Charles Schwab CEO Says Crypto Trading Is Coming Soon, Will Compete With Coinbase for Retail

Rick Wurster says clients want crypto to sit next to their stocks and bonds and that Schwab will “absolutely” compete with Coinbase as it rolls out BTC and ETH trading.

Bitcoin trades at $118,256 after dipping from a 24-hour high of $119,186.

Markets

Bitcoin Slips Below $118K, ETH, XRP Pare Big Gains, but Rally Remains on Firm Ground, Says Coinbase

Expect pullbacks, but there's not yet the type of runaway speculation associated with tops, Coinbase analysts said.

Bitcoin price on July 18 (CoinDesk)

Markets

U.S. Dollar's Recent Recovery May Have Legs, but Don't Bet on Comeback, Analysts Warn

All things being equal, a stronger U.S. dollar tends to work against higher bitcoin prices.

Rolls of dollar bills of varying denominations. (NikolayFrolochkin/Pixabay)

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Markets

Bitcoin Traders Are Discussing BTC’s Record High, but Quantum Computing Is Threatening the Math Behind It

Bitcoin relies on elliptic curve cryptography (ECC) to secure wallet addresses and validate ownership. But ECC, like RSA, is vulnerable to Shor’s algorithm — a quantum computing method capable of cracking the discrete logarithm problem, the core math behind Bitcoin's private keys.

math behind bitcoin

Markets

Satoshi-Era Bitcoin Whale Moves Final $4.8B to Galaxy Digital, Likely Prepping Sale

The latest tranche brings Galaxy’s wallet balance to 40,288 BTC, with no outbound activity recorded since the final whale transfer.

The dormant Bitcoin address tied to one of the network’s earliest whales has now moved its entire 80,000 BTC stash to trading desks, with the final 40,191 BTC (worth $4.8 billion) sent to Galaxy Digital on Friday — signaling a likely upcoming sale. Sending to exchanges or trading desks does not confirm a sale of crypto to stablecoins or other tokens, but large amounts of crypto are typically held in hard wallets instead of exchanges — which gives the market a reason to believe otherwise. Blockchain data from Arkham Intelligence indicates that the coins were transferred across 15 transactions to a Galaxy-labeled address starting at 5:41 p.m. ET, consolidating from four prior wallets into a single holding address prior to the transfer. pic The OG whale, who first acquired their bitcoin over 14 years ago, began reactivating on July 4, sending eight batches of 10,000 BTC to new addresses in their first movement since April 2011.  On Tuesday, they moved 40,010 BTC to Galaxy Digital, which has since begun routing coins to Coinbase, Gemini, Bitstamp, and several unlabeled addresses, indicating potential offloading via OTC desks. The latest tranche brings Galaxy’s wallet balance to 40,288 BTC, with no outbound activity recorded since the final whale transfer. The move comes as BTC trades just above $118,000 hovering near its recently set all-time high.

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