From the past few hours Interest in Bitcoin “double-spending” grew up like a wildfire which is worrying traders from all over the world, after recent news that the Bitcoin network processed the same bitcoin (BTC) in two transactions – the very “double-spending” scenario Bitcoin was specifically designed to prevent. Nevertheless, its plunge prompted rich traders and institutions to purchase it at cheaper rates, leading to further liquidity crunch against its limited supply cap of 21 million tokens.
Trade analysts are reports state that Bitcoin is going to hit $50,000 in the coming sessions. Bitcoin is the most famous and desired cryptocurrency, whose market capitalization recently soared above that of Facebook and Tesla, dropping lower from its record high near $42,000. Nevertheless, its plunge prompted rich traders and institutions to purchase it at cheaper rates, leading to further liquidity crunch against its limited supply cap of 21 million tokens.
FinCEN (United States Financial Crimes Enforcement Network) recently proposed a series of new regulations applying to financial institutions dealing with digital currencies, such as Bitcoin (BTC) and other digital currencies.
Chainlink (LINK), the oracle-focused blockchain protocol, surpasses Bitcoin Cash (BCH) and becomes the eighth-largest cryptocurrency as on Jan. 18. The market capitalization of Chainlink now hovers at $9 billion and roughly $500 million away.
Bitcoin open interest hits $8.8B as 45% of BTC options expire in 2 weeks.The open interest on Bitcoin options hit a huge mark of $8.8 billion. Over the past two months the open interest on Bitcoin options was held reasonably steady.
Experts say that Bitcoin is more likely to be successful in the long run than Ethereum.The strategist and investment guru Lyn Alden isn't invested in Ether, as she considers the Ethereum network as an “unfinished product” while comparing with Bitcoin
Bitcoin’s best 100 richest addresses have snapped up almost 350,000 more BTC accumulating 16% more Bitcoin over the last 30 days.Altogether these addresses added 334,000 more Bitcoin to their bags, or you can call it around $11 billion worth.
Analyst Jeff Currie believes more institutional money is needed to stabilize the market. After more than a decade of extreme price volatility, Bitcoin (BTC) is finally starting to mature as an asset class in the market.
Indeed, even with their freshly discovered fortune, the lucky student said they will avoid “expensive luxuries” like a new car or house.
A student has claimed to have discovered private keys accidentally HODLed starting as early as 2011 which will unlock more than $4 million in Bitcoin.