BTC
The most well-known cryptocurrency, based on the proof-of-work blockchain. Bitcoin was created in 2009 by a mysterious creator, Satoshi Nakomoto, and its technology outlined by the white paper titled “Bitcoin: A Peer-to-Peer Electronic Cash System.”
Bitcoin Miner Bitfarms Mines 411 BTC in September 2023
Bitfarms, a Canadian Bitcoin mining firm, mined 411 BTC in September 2023, marking a 7.3% increase from the previous month. The company sold 362 BTC, generating $9.5 million in revenue. Bitfarms has been expanding its operations, including fully energizing its Argentina facility at Rio Cuarto to 51 MW, and increasing its total operating capacity to 233 MW.
Bitcoin Miner Integrated Ventures Sees Decline in Annual Revenue Despite Higher BTC Production
Integrated Ventures Inc. reported a yearly mining revenue of $3,862,849, despite an increase in Bitcoin production to 162.71 BTC in 2023 from 108.29 BTC in 2022. The dip in revenue is attributed to the declining cryptocurrency market with the average dollar value of mined Bitcoin dropping significantly.
MicroStrategy Acquires Additional 5,445 Bitcoins, Total Holdings Reach 158,245 BTC
MicroStrategy continues to invest heavily in Bitcoin, announcing the acquisition of an additional 5,445 BTC. The company now holds 158,245 Bitcoins, acquired for an aggregate sum of approximately $4.68 billion. The move comes amid a period of relative stability in Bitcoin prices.
BTC Implied Volatility Drops Post-Weekly Expirations
Crypto derivatives quant trader Samneet Chepal has noted a consistent trend in Bitcoin's implied volatility (IV) following weekly expirations. According to Chepal, 80% of the time, IV experiences a drop 24 hours after Friday's 8 AM UTC expiry. He attributes this to the 'weekend effect,' where traders adapt their volatility outlooks for the weekend.
Bitcoin and Ethereum Bounce 3% After Liquidating Over $160 Million
Bitcoin's price dropped to $24,900 due to bearish sentiment and news, leading to over $160 million liquidation. However, a bullish RSI divergence boosted Bitcoin's rebound by over 3%.
One Whale Trades Majority of Ethereum for Bitcoin
A crypto whale traded 5,500 Ethereum for 344.1 Wrapped Bitcoin (WBTC), valued at $8.85 million, diversifying its portfolio. The whale purchased these 6,541 Ethereum on September 9, 2023, at an average price of $1,630, totaling 10.66 million USDC. The transaction demonstrates strategic planning and market understanding.
Why Bitcoin May Crash Below $20,000 Soon
Historical data and technical analysis can help predict Bitcoin's future price. In September 2022, Bitcoin experienced a -3.09% decrease, the most significant since 2014. Amplitude analysis suggests a potential downward spiral to $20,867.67. Technical analysis highlights the importance of the $26,000 support level and the $25,000 support line. Investors should remain vigilant and use historical insights and technical analysis to navigate Bitcoin's capricious valuation.
Bitcoin September Curse? Predicting BTC Price Using Comprehensive Historical Data
Bitcoin's September performance has been bearish over the past eight years, with an average decline of approximately 9.03%. The amplitude of Bitcoin's price fluctuations has been significant, with an average amplitude of 24.91%. Market analysts predict potential low points for Bitcoin by September, with a -3.09% decline in 2022 and an average decline of -9.22%. If this year's performance aligns, Bitcoin's valuation could decrease to $23,240. However, it has the potential to close above $25,927, similar to 2015 and 2016 as well.
Ripple XRP Joins The Giving Block's Initiative for Maui Wildfire Relief
The Giving Block has added Ripple's XRP to its list of supported cryptocurrencies for Maui residents affected by wildfires. The platform pledges a 1:1 match for the first $500,000 donated to the Maui response fund, including cryptocurrencies, stocks, DAF grants, and cards.
Binance Introduces New Dual Investment with BTC, ETH, BNB
Binance has introduced Dual Investment products, allowing users to "Sell High" or "Buy Low" on various cryptocurrencies, with a fixed Annual Percentage Rate (APR) despite market fluctuations, designed for reward accumulation or higher deposit currency selling.