NFT News by Thebittimes.Com

Join Our Telegram channel to stay up to date on breaking news coverage Bitcoin has dropped by 2% over the past 24 hours. At the time of writing, Bitcoin was trading at $20,156. Bitcoin made a notable bullish rally over the past 24 hours, but the momentum seems to be weakening over the past few days. Nevertheless, some factors could see Bitcoin exploding higher in the coming months. Bitcoin price set to explode higher Bitcoin has traded between $20,095 and $20,718 during the past 24 hours, showing that the coin is experiencing high volatility. During the past 24 hours, the bullish trend across the cryptocurrency market has faded, but the metric remains above $1 trillion. Bitcoin’s trading volumes during the past 24 hours stand at $39 billion, which is a healthy volume, as it shows that the token is still attracting much attention from traders. On the other hand, sellers seem to be taking control of the market, showing that the massive volumes could be coming from the sell...

Join Our Telegram channel to stay up to date on breaking news coverage Bitcoin has been on an impressive rally after 7% gains over the past two days. At the time of writing, Bitcoin was trading at $20,592. As traders get excited about a possible bull run as the year ends, there is a possibility that Bitcoin could head to $30K. Bitcoin price analysis During the past 24 hours, Bitcoin has traded between  $20,430 and $20,938, indicating a spike in volatility. Over the past few weeks, Bitcoin’s volatility has been notably low, with the Bitcoin Volatility Index dropping to multi-year lows. However, volatility has spiked, as seen in the chart below, showing that the coin could be in for significant swings. Bitcoin is currently holding a crucial level of $20,500. If it retraces below this level, $20K will likely be tested again. Bitcoin will likely plunge again to the $20K levels if this support level fails to hold. Nevertheless, there are top reasons that could see Bitc...

Popular Bitcoin (BTC) proponents, Eric Wall and Udi Wertheimer, appeared on a recent episode of Laura Shin’s crypto-focused podcast, Unchained. Wall and Wertheimer are long-time supporters of the original cryptocurrency. The duo shared their experience in the BTC community, and about Bitcoin maximalism. Wall remarks on the early days of the Bitcoin community when the group would discuss various ideas in an open manner. The discussions were followed by a lot of constructive criticism as well. However, Wall noted that the community and the discussions have changed a lot as of today. Wall compared the present-day BTC community with that of a sh*tcoin community, i.e. the dogmatic response to any criticism. The duo spoke about the philosophy behind Bitcoin Maximalists. Wertheimer said that there are two types of BTC maximalists. One type is a reasonable maximalist, who is not all that interested in the space, and BTC does the job for that person. However, the other type of maximal...

Bitcoin’s value has been trying to surpass the $20,500 mark for the past 35 days with limited success. The latest failed attempt was October 6, but bears (people who believe the stock price will go down) have stood their ground on four different instances since BTC was valued under $18,500 during that period. JUST IN: $510,000,000 worth of #Bitcoin options expire Friday. — Watcher.Guru (@WatcherGuru) October 19, 2022 This week’s $510 million options expiry is especially important for bears because they need to keep the momentum going. But investors are uncertain of BTC’s real bottom value since the support level goes down every time it is tested. Bears and Bulls Place Bitcoin Bets Previously, bears were overly confident . They placed bets that Bitcoin would be at $17,500 instead of its $19,000 figure on October 13. With Bitcoin standing at about $19,000 at the time of writing, most bearish bets will most likely be fruitless. Bulls (people w...

Source:Adobe Stock Since reaching its all-time high of almost $69,000 in November 2021, Bitcoin has been on the decline ever since. As we recently touched on , the price of Bitcoin has been on the slide for the better part of a year, but the bottom appears to be in sight. Though most indicators suggest that Bitcoin is now nearing the bottom of its recent bear market, it remains unclear just how low it can go or when it will occur. But by repurposing the popular Pi Cycle Top indicator, we may now be inching closer to an answer. How it Works Created by Philip Swift, the founder of LookIntoBitcoin, the Pi Cycle Top indicator uses a combination of the 111-day simple moving average (111SMA) and 2x multiple of Bitcoin's 350-day simple moving average (2x 350SMA) to forecast the top of Bitcoin’s market cycles. Historically, the 2x 350SMA has proven to be an accurate predictor of Bitcoin’s top, having closely predicted the height and timing of the past 3 bull mark...

Join Our Telegram channel to stay up to date on breaking news coverage Jim Blasko, one of the vocal members of the crypto community , has claimed to discover the lost Satoshi Bitcoin code. Blasko said he had unearthed “the official oldest known uploaded copy of Satoshi’s Bitcoin” code. The code is believed to have been initially uploaded by Bitcoin’s creator, Satoshi Nakamoto, in August 2009. Bitcoiner alleges to find lost Satoshi Bitcoin code Blasko made these claims on Facebook through a post published on October 7. In the post, the crypto enthusiast claimed to have found the code dating back to the early days of Satoshi creating Bitcoin and going public with his invention. Blasko said that he was able to uncover the code through “some browser hacking ” on SourceForge. SourceForge is an open-source software development platform where Bitcoin was registered in 2008. Blasko also claimed that the Bitcoin creator took six months to mine one m...