Day: December 20, 2024

Bearish Pressure Keeps Price Below $99,575

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Este artículo también está disponible en español. Bitcoin is under intense bearish pressure as it struggles to reclaim the $99,575 mark, a key resistance level that has proven to be a significant hurdle. After an impressive rally earlier in the month, BTC’s momentum has slowed, with sellers taking control and keeping the cryptocurrency in a tight range below this critical threshold. The current price action highlights growing uncertainty in the market, as bulls attempt to regain strength while bears capitalize on every opportunity to push prices lower. With $99,575 marked…

I don’t support a Strategic Bitcoin Reserve, and neither should you

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Recently, the notion of a Strategic Bitcoin Reserve has begun to animate Bitcoiners. Trump has advocated for holding a stockpile of seized Bitcoins, but certain proposals have gone further. Now, draft legislation like Senator Lummis’ BITCOIN Act proposes that the US government acquire 1m BTC over five years. Among Bitcoin enthusiasts, the notion of a Strategic Reserve is almost a foregone conclusion. But I don’t think it’s likely, nor do I think it’s a good idea. Allow me to explain. Are we talking about a stockpile, a sovereign wealth fund,…

LayerZero’s Stargate down for 6 hours due to DVN executors malfunction

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Key Takeaways Stargate has been offline for over six hours due to a serious service disruption. LayerZero is actively working to resolve the problem. Share this article Stargate, a cross-chain bridge built on LayerZero, has been down for over six hours due to malfunctioning Decentralized Verifier Networks (DVN) executors, which causes delays in transaction processing across multiple blockchains. Blockchain security firm PeckShield first reported the outage earlier today and advised users to halt cross-chain transfers until further notice. #PeckShieldAlert Our community has reported that #Stargate is currently down. Do *NOT*…

It’s Time to Admit It – There Are Only 2.1 Quadrillion Bitcoins

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If the above statement offends you, you might not have read the Bitcoin source code. Follow Rizzo on X. https://x.com/pete_rizzo_/ Of course, I’m sure you’ve heard that there are 21 million bitcoin – and this is true, the Bitcoin protocol allows for only “21 million bitcoin” to be created, yet these larger denominations can be subdivided into 100 million sub-units each. Call them whatever you want, there are only 2.1 quadrillion monetary units in the protocol. This dollars and cents differential has long been the subject of debate – in…

Exploring Six On-Chain Indicators to Understand the Bitcoin Market Cycle

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With Bitcoin now making six-figure territory feel normal and higher prices a seeming inevitability, the analysis of key on-chain data provides valuable insights into the underlying health of the market. By understanding these metrics, investors can better anticipate price movements and prepare for potential market peaks or even any upcoming retracements. Terminal Price The Terminal Price metric, which incorporates the Coin Days Destroyed (CDD) while factoring in Bitcoin’s supply, has historically been a reliable indicator for predicting Bitcoin cycle peaks. Coin Days Destroyed measures the velocity of coins being transferred,…

French banking giant to debut Bitcoin and crypto investment services for customers in 2025

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Key Takeaways BPCE plans to offer crypto investment services in 2025 through its subsidiary Hexarq. Hexarq is the second bank in France to receive PSAN authorization from the AMF. Share this article BPCE, one of France’s largest banks, is preparing to launch Bitcoin and crypto investment services for its customers through its subsidiary Hexarq, following regulatory approval from the AMF, the country’s financial markets watchdog, as reported by The Big Whale. The rollout is anticipated for 2025. As reported, Hexarq recently obtained PSAN (Prestataire de Services sur Actifs Numériques –…