Browsing: Bitcoin

Bitcoin’s 200-week moving average, a key long-term support indicator, has surpassed $65,000 for the first time, marking a historic milestone. This moving average reflects Bitcoin’s price trend over four years and has traditionally acted as a strong price floor, rarely breached except during major economic crises. The rise suggests Bitcoin’s structural baseline is strengthening, making…

Mexican authorities have seized roughly 300 GPUs from a suspected illicit crypto mining farm in Puebla while investigating possible electricity theft and money laundering. Mexican authorities seized roughly 300 GPUs from a suspected illicit cryptocurrency mining operation in Puebla. Investigators are examining whether the remote facility illegally drew electricity from a nearby hydroelectric dam.

Bitcoin market sentiment has risen above 89 on an index tracked by CryptoQuant analyst Darkfost, reaching its highest level since March 2024 before easing back. Darkfost’s sentiment measure briefly entered the “extreme greed” range during Bitcoin’s recent rise. The analyst said the reading has since cooled while Bitcoin tries to hold its price. CoinGecko showed…

Binance now holds over 693,000 bitcoins, the largest amount in two years, representing about 30% of bitcoins on major platforms. This balance grew by 77,000 BTC since late April, amid Bitcoin struggling to stay above $80,000. While this could indicate potential sales, analysts suggest some BTC may be held for security or future selling opportunities,…

Bitcoin’s price outlook is bullish as strong inflows into U.S. spot bitcoin ETFs, totaling over $600 million in early September, support a recovery above $80,000. Producer Price Index data showed slightly higher inflation, but markets had anticipated this, keeping bitcoin near key support levels. Additionally, growing investor risk appetite is reflected in altcoin gains, with…