Bitcoin Sees Largest Annual Exchange Drop: Over 400,000 Coins Gone
Bitcoin’s on-exchange supply has dropped sharply, and traders are taking note. According to Santiment, more than 403,000 BTC have left exchanges since December 7, 2024 — roughly 2% of Bitcoin’s total supply. Related Reading: Banking Meets Bitcoin: French Banking Giant Offers Crypto To Millions That shift, measured against an on-exchange balance of about 2.11 million BTC in late November, is being seen as a sign that fewer coins are poised for quick sale. Exchange Balances Shrink Santiment said lower exchange balances have historically been linked with fewer sudden sell-offs, an observation....
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Bitcoin’s mining difficulty saw the second-largest drop in history on Tuesday, as the difficulty dropped to 16.78 trillion, losing a touch over 16% since last week’s all-time difficulty high. The last time bitcoin’s mining difficulty dropped so low was in October 2011, when it lost around 18%. Since the large difficulty drop took place, the overall SHA256 hashrate increased a great deal after losing 40% during the last week of October. The Bitcoin (BTC) network saw a significant mining difficulty drop on Tuesday when it slid -16.05% to 16.78t. News.Bitcoin.com reported....
Meme coins are not securities. That’s the official word from the U.S. Securities and Exchange Commission (SEC). Instead of treating them like stocks or investment contracts, the SEC sees meme coins as collectibles—more like Beanie Babies than financial assets. And that’s a game-changer for the crypto space. For years, meme coins have lived under the […]
Bitcoin’s mining difficulty just recorded its largest percentage decrease since the advent of ASIC mining machines in late 2012.
On-chain data suggests that dumping from 11-year old coins worth $20 million may be behind the recent Bitcoin price drop. 11-Year Old Bitcoin Moved Shortly Before The Drop below $40k As pointed out by an analyst in a CryptoQuant post, a large amount of dormant coins since eleven years ago seems to have moved a […]
Elon Musk’s electric car company, Tesla, has filed an annual report with the U.S. Securities and Exchange Commission (SEC) showing bitcoin holdings with a fair value of almost $2 billion at the end of December. The company sees crypto as both an investment and liquid alternative to cash.
Tesla Has $2 Billion in Bitcoin
Tesla filed an annual report with the U.S. Securities and Exchange Commission (SEC) Friday.
“We continue adapting our investment strategy to meet our liquidity and risk objectives, such as investing in U.S. government and other....