Nigerian Naira (NGN) and Vietnamese Dong: Why You Should Not Underrate The Fiat Currencies That Are Becoming Promising Markets for USDT and Bitcoin

The post Bitcoin whale places $31M short bet – Will BTC drop to $60K again? appeared on BitcoinEthereumNews.com. Bitcoin [BTC] has closed at lower lows for two consecutive days for the first time in ten days. At press time, Bitcoin traded at $62,714, down 1.04% on the daily charts. Amid this price pullback, traders, especially whales, have begun shorting the market.  Bitcoin whale opens a $31M short As BTC faced rejection, falling to $62k, a whale jumped into the market and opened a short position.  According to Onchain Lens, a whale opened a 40x short position on 493 BTC worth $31 million. With BTC declining, the whale is already sitting on $220k profit after spending $2k in funding fees.  Moreover, the whale’s decision to open a short position showed strong pessimism, anticipating the market to continue declining.  Source: Coinglass Interestingly, this was not an isolated case. After briefly spiking above 1 across all exchanges, the Long/Short Ratio fell back to 0.97 as of writing. 

The post LIVE: Oil surges, Bitcoin struggles to stay above $61K as US prepares to launch new attacks on Iran today appeared on BitcoinEthereumNews.com. Investors became cautious again and markets declined on Wednesday due to new tensions between the US and Iran. Speaking at the NATO summit in Ankara, Turkey, US President Donald Trump stated that the ceasefire with Iran is over following fresh clashes in the Middle East region. Dow Jones, S&P 500, and Nasdaq all declined amid the risk-off sentiment. The DJIA dropped by 488 points or 0.9%, the S&P 500 index fell by 0.6%, while the Nasdaq Composite index decreased by 0.4%. Oil prices surged dramatically due to the renewed threat of military conflict. The price of Brent increased by 4.6% to $77.56 per barrel, while the price of WTI grew by 4.2% to $73.45. At a joint press conference with NATO chief Mark Rutte, Trump was asked about the ceasefire and said, “I think it’s over.” He added, “I don’t want to deal with them anymore … as far as I’

The post Bitcoin Becomes Ballweg’s Lifeline After Banks Cut Off His Access appeared on BitcoinEthereumNews.com. Ballweg said Bitcoin became his lifeline after banks cut him off for nearly four years. He said banking restrictions spread beyond Germany and reached U.S. corporate accounts. El Salvador’s Bitcoin rules gave Ballweg a route beyond traditional banking channels. German computer scientist and entrepreneur Michael Ballweg said Bitcoin became his financial lifeline after banks cut off his access. He said the restrictions lasted nearly four years. Ballweg described the experience on the Live from Bitcoin Beach – El Salvador podcast. Ballweg told host Mike Peterson that he now depends on cash and Bitcoin. He said normal banking access became impossible after compliance systems treated him as a financial risk. Bitcoin Becomes Ballweg’s Financial Lifeline According to Ballweg, he has been completely excluded from the banking system. He said he has lived only on cash and Bitcoin for a

Bitcoin’s supply headlines have been loud, but ETF flow data is giving bulls something to point to. Farside’s numbers show a $143 million net inflow day for US spot Bitcoin ETFs, suggesting institutional buyers are still

Bitcoin’s supply headlines have been loud, but ETF flow data is giving bulls something to point to. Farside’s numbers show a $143 million net inflow day for US spot Bitcoin ETFs, suggesting institutional buyers are still

Market volatility may persist as geopolitical tensions and oil price fluctuations challenge economic stability and investor confidence. The post Middle East tensions, oil price surge hit markets; AI, semiconductor stocks dip appeared first on Crypto Briefing.

The post Zcash Founding Scientist Challenges Bitcoin’s 21 Million Cap appeared on BitcoinEthereumNews.com. StarkWare CEO Eli Ben-Sasson, a founding scientist of the privacy coin Zcash, challenged Bitcoin’s 21 million cap this week. He argued that lost private keys will steadily shrink the usable supply and proposed a 4% annual issuance limit instead. The pushback was immediate, since Bitcoin supporters treat the fixed supply as the network’s founding promise. Zcash creator Zooko Wilcox answered with a rival design that keeps hard caps intact. Bitcoin Maximum Supply. Source: BeInCrypto Why Ben-Sasson Says Bitcoin’s 21 Million Cap Fails Ben-Sasson helped invent the STARK proof system now used across crypto and co-authored Zerocash, the 2014 design behind Zcash. His critique starts from the numbers on lost coins. Chainalysis estimated that 2.78 million to 3.79 million BTC were already unrecoverable by 2017. The figure assumes Satoshi Nakamoto’s untouched coins are gone for good. Courts ar

The post Bitcoin is Seeing a ‘Textbook’ Bottom as More Analysis Brings Back 2022 appeared on BitcoinEthereumNews.com. Bitcoin (BTC) is seeing a “textbook” bear-market bottom as speculators take profits on the trip toward $65,000. Key points: Bitcoin is repeating previous macro bottom behavior in a “textbook” manner, analysis argues. Short-term holders are taking profits on minor recoveries — something “characteristic of a bull market.” Doubts remain about speculators avoiding future capitulation. Analysis: Bitcoin bottom will “be very obvious in hindsight” In their latest analysis on X, the Bitcoin quant account known as Frank, named for the famous economist Frank A. Fetter, doubled down on conviction that the worst of the BTC price downtrend is over. “This is a textbook bitcoin bottom; I mean every bottom signal has flashed or is flashing, it’ll be very obvious in hindsight,” one post stated. An accompanying chart showed the 200-week simple moving average (SMA) for BTC/USD, along with