A taban in activity was marked by a sharp decline in the number of transactions and a spike in demand from long-term holders may underpin the bitcoin price.
Riot mined 527 bitcoin in January, the highest amount since December 2023.
BTC struggles amid weak on-chain activity while gold shines bright ahead of the pivotal U.S. nonfarm payrolls report.
Stablecoins are increasingly popular for everyday uses like payments, remittances and savings, and Tether’s expansion aims to spur activity to the Bitcoin-based ecosystem.
ECB President Lagarde said she’s “confident” bitcoin will not be a part of the assets of any EU central bank.
Another project looking to turn Bitcoin into a more fruitful base for DeFi has raised $20 million in funding toward that goal
These new financially settled contracts will expire daily from Monday to Friday.
The two tokens’ relative performance is more a sign of bitcoin strength than ether’s weakness, one observer said.
As observed by many metrics, Monday’s capitulation in bitcoin looks like a textbook local bottom.
Metaplanet issued 21 million shares through 0% discount moving strike warrants raising 116 billion yen ($745 million) to increase bitcoin treasury.
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