Author: cryptorecaps.com
Bitcoin has reached a new milestone, processing over one billion transactions, according to Clark Moody’s Bitcoin dashboard. Eight hundred weeks and one day after Bitcoin BTC -1.30% launched on January 3, 2009, with the minting of its genesis block, the world’s most valuable cryptocurrency has surpassed one billion processed transactions. The milestone comes at an especially exciting time for the cryptocurrency, which has seen heightened levels of daily transactions for the past year as novel protocols like Bitcoin Ordinals and Runes attract more and more activity on the world’s first blockchain. The launch of spot Bitcoin ETFs also led to bullish sentiment for the…
A substantial stack of bitcoins that had been dormant for a decade were moved this morning. A bitcoin wallet that has been inactive for more than a decade transferred its entire stack of 687.33 — worth over $44 million — early this morning. The wallet in question originally received the bitcoins on Jan. 12, 2014, on-chain monitoring platform Lookonchain noted on X. At that time, the price of one bitcoin was $917. The reason for the transfer remains unknown, as does the identity of the wallet’s ownership. Recent bitcoin whale movements Other notable bitcoin transfers have occurred in recent months. Also receive The Daily,…
Analysts at Bernstein cited a variety of factors when doubling down on their prediction that the price of bitcoin may hit $150,000 this cycle. Though the price of bitcoin has pulled back modestly in recent weeks, analysts at Bernstein believe the leading cryptocurrency “is far from done.” They have reiterated their prediction that bitcoin will reach $150,000 this cycle, expected by the end of 2025. “We feel even better about that call and BTC -1.31% metrics indicate a healthy cycle, still in its early stages,” Gautam Chhugani and Mahika Sapra wrote in a note, adding: “Risk-reward here remains attractive.” The analysts shared their view…
The Bitcoin network justprocessed its 1 billionth transaction just 15 years, a milestone that proves Bitcoin’s resilience and capacity to efficiently facilitate transactions at scale. The Bitcoin network has reached a major milestone, processing its one billionth transaction yesterday, an achievement comes 15 years and 4 months after Bitcoin’s genesis block was mined on January 3, 2009. At an average rate of 178,475 transactions per day over its 5,603-day lifespan so far, Bitcoin has demonstrated the ability to handle significant volume securely without centralized intermediaries. Many early critics argued nobody would use Bitcoin, but today, the network handles daily transaction volumes on par with…
Buying the coin when the indicator falls again may be perfect opportunity before a potential 39% rally. The Puell Multiple closed in on a historical accumulation point Bitcoin’s Delta Cap surged, suggesting that the price might not hit $100,000 this cycle In what is a major development, for the first time since December 2022, Bitcoin’s [BTC] Puell Multiple has dropped to 0.56 on the charts. Puell Multiple measures the ratio between the daily coin issuance and the yearly average. With this metric, market participants can identify potential bottoms and tops. When the reading is greater than 6, it means miners are earning more than…
Ethereum price prediction, ETH’s price has pumped by 3.84% in the last 24 hours. Ethereum, ETH could hit $7524.37 in 2024 Ethereum’s price prediction for the most bearish scenario will value ETH at $2,493 in 2024. Ethereum’s previous All Time High was on 10 November 2021 where ETH was priced at $4878.26. Ethereum’s price at the same time last week was $3157.62. It has moved by -0.22 % in the past week and is currently at $3116.25. Infact, in the past 24 hours, ETH has pumped by 3.84 %. There is a slight bullish sentiment in the crypto market. The long term…
Ethereum’s next targets are achievable, but a lot needs to happen beforehand. Ethereum’s price appreciated by more than 2.5% in the last 24 hours Most metrics and market indicators looked bullish on ETH’s charts As market sentiment changed over the last few hours, Ethereum [ETH] benefited from the same as its daily chart turned green. However, the latest uptick might just be the beginning of a massive rally, especially since the king of altcoins’ price is now moving inside a bullish pattern. Ethereum’s bullish move The last 7 days weren’t in the investors’ best interests as ETH’s price dropped by over 5%.…
Bitcoin flipped its key resistance into support, hinting at a further bull rally. BTC’s price moved marginally in the last 24 hours. Metrics and indicators suggested that BTC might turn volatile in the next seven days. Several investors speculated a fresh bull rally for Bitcoin [BTC] as its price gained upward momentum on the 3rd of May. However, the growth dropped as the king of cryptos’ price only moved marginally in the last 24 hours. Does this hint at yet another price correction? Is Bitcoin actually bullish? Moustache, a popular crypto analyst, recently posted a tweet highlighting a few developments that hinted towards a…
U.Today – A single Bitcoin (BTC) transaction has caught the attention of many owing to its gas fee size. Blockchain analytics platform Whale Alert confirmed that a fee of 1.5 BTC was paid for a single transaction. This fee is equivalent to $100,254 based on the current market value of the top cryptocurrency. This fee is quite higher than the average transaction cost. This user paid this enormous fee to have their transfer included in an ordinary Bitcoin block. Some of these transactions have been recorded in the past. In September 2023, a Bitcoin user paid a transaction fee of 19 BTC.…
As artificial intelligence (AI) continues to revolutionize industries, a crucial question has emerged: how much energy will the technology require? In a recent research note, Goldman Sachs dives into the potential impact of AI on global power demands. The bank’s global investment research (GIR) team published a cross-sector report discussing how global data center power demand is poised to more than double by 2030, which should accelerate US electricity demand CAGR to 2.4%. Analysts forecast a 15% CAGR in data center power demand from 2023-2030, driving data centers to make up 8% of total US power demand by 2030 from…