Friday, April 26, 2024
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Bitcoin forks BCH, BSV and XEC soared last month, but are the gains organic and sustainable?

The start of June saw negative price action across the cryptocurrency market after the U.S. Securities and Exchange Commission (SEC) brought fresh lawsuits against the world’s largest exchanges, Binance and Coinbase.However, the sentiment quickly turned bullish after a crucial exchange-traded fund (ETF) proposal was filed by the world’s largest asset

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Bitcoin Lightning Network growth is organic, coming from real-world adoption

The capacity of Bitcoin’s Lightning Network (LN) recently surpassed an all-time high of 5,000 Bitcoin (BTC). The Lightning Network is a neutral protocol built on top of Bitcoin, and it currently does not have a “native” token attached to it like many decentralized finance (DeFi) platforms. Although the Lightning Network’s total

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Most ‘organic’ Bitcoin pump in years — trader explains why a blow-off top is unlikely

Despite Bitcoin's (BTC) steep rally in November, the price is consolidating above $15,000 as on-chain analyst, Willy Woo says a blow-off top is unlikely for three main reasons.The three factors are the growing outflow of funds from exchanges, increase in “HODLers,” and data showing that investors already took profit.Bitcoin is moving from exchanges

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