Bitcoin News Thebittimes.Com

BTC market dominance hovered around 80% during the 2017 bull market, but slumped to the 50-60% range during the 2021 bull market, at times even dipping below 50%. Bitcoin's (BTC) market dominance has reached 54%, its highest in the last 30 months, indicating the top cryptocurrency’s growing strength just before the halving event scheduled for April 2024. Bitcoin halving is an event in which the mining reward per block is halved, thus cutting the supply of the asset amid growing demand, leading to bullish price momentum. Bitcoin halving occurs every four years and the next halving in 2024 will reduce the BTC mining reward from the current 6.25 BTC to 3.125 BTC. As the total supply of Bitcoin is fixed at 21 million, the halving of BTC mining reward creates a supply-demand gap that lowers the influx of new BTC in the market. Related: 5,050 Bitcoin for $5 in 2009: Helsinki’s claim to crypto fame Bitcoin market dominance is a measure of the crypto asset's market capitalizat...

Blackrock’s spot ETF filing and the Securities and Exchange Commission's crackdown on crypto are driving investors toward Bitcoin. Bitcoin (BTC) dominance , the measure of how much Bitcoin makes up of the total crypto market cap, has b reach ed the 50% mark. On June 19 at 6 pm UTC, Bitcoin dominance hit just above 50% and has since settled to 49.9% at the time of publication, according to data from TradingView. This means that Bitcoin alone accounts for half of crypto’s total $1.1 trillion dollar market capitalization. Bitcoin’s current market capitalization stands at $519 billion, according to data from Coingecko. Notably, Bitcoin’s market dominance has surged by more than 10.5% since Nov. 27, 2022, an increase driven in large part by investors looking to the flagship crypto asset as a safe haven in the wake of the FTX crisis and amid mounting regulatory scrutiny of crypto assets in the United States. Bitcoin market dominance over the last 4 days. Source: TradingView. While Bi...

While Bitcoiners preach the “zoom out” narrative during crypto bear markets, zooming in on the original Bitcoin logo shows a small orange line from the background going into the white colored “₿.” While Satoshi Nakamoto is credited as the anonymous creator of Bitcoin (BTC), what often goes unnoticed are the selfless contributions of the Community members — miners, developers, designers, hodlers and investors — that help materialize the original vision. However, one such significant contribution was found to carry an imperfection for over 12 years , invisible to the naked eye. On Nov. 12, 2010, bitcointalk.org member bitboy (not related to YouTuber BitBoy Crypto) posted the vector files of the iconic Bitcoin logo, which has been widely accepted worldwide. While Bitcoiners preach the “zoom out” narrative during crypto bear markets, zooming in on the original Bitcoin logo shows a small orange line from the background going into the white colored “₿.” A small design detail that has st...

The wallets were thought to be inaccessible following the death of the exchange's founder in 2018, as he had sole responsibility for the wallet's private keys. Five wallets tied to the defunct Canadian cryptocurrency exchange QuadrigaCX, previously thought to be inaccessible, have just been spotted moving around $1.7 million worth of Bitcoin after years of dormancy . Crypto researcher ZachXBT alerted the crypto community in a Twitter post on Dec. 19, highlighting the five wallets have transferred around 104 Bitcoin (BTC) on Dec. 17 to various wallets. Blockchain records show the wallets had not sent BTC since at least April 2018. Five wallets attributed to QuadrigaCX unexpectedly moved ~104 BTC on Dec 17 for the first time in years . 1ECUQLuioJbFZAQchcZq9pggd4EwcpuANe 1J9Fqc3TicNoy1Y7tgmhQznWrP5AVLXj9R 1MhgmGaHwLAvvKVyFvy6zy9pRQFXaxwE9M 1HyYMMCdCcHnfjwMW2jE4cv9qVkVDFUzVa 1JPtxSGoekZfLQeYAWkbhBhkr2VEDADHZB — ZachXBT (@zachxbt) December 19, 2022 Once Canada's largest cryp...

The Fantom Foundation's attempt to dispel concerns about potential FTX exposure has been a success thus far for FTM price. Fantom (FTM) continued its upward momentum on Nov. 30 amid reports that the Fantom Foundation generates consistent profits and has 30 years of runway without having to sell any FTM tokens.  Fantom's FTM holdings up from 3% to 14% FTM price gained nearly 13.5% to reach $0.24, its highest level in three weeks. The rally came as a part of a broader rebound trend that started when it bottomed out at around $0.17 on Nov. 22. This amounts to a 50% price rebound in the last eight days. Interestingly, the rally picked up momentum after the Fantom Foundation's "Architect," Andre Cronje, released the firm's financial records on Nov. 28, revealing that it had $340 million worth of digital assets and had been earning over $10 million annually. Notably:  Nov 2022 — Over 450,000,000 FTM, > $100,000,000 in stables, > $100,000,000 in crypto assets,...