SI Crypto News
541 Posts
SI Crypto News
Latest news updates about BTC (bitcoin), Eth, Sol, USDC, USDT and others crypto currencies.
26 Following
71 Followers
130 Liked
Posts
All
Quotes
Videos
Japan’s central bank may be preparing for another important shift in monetary policy
#SICryptoNews #BoJ #bitcoin
#SICryptoNews #BoJ #bitcoin
Could Crypto Valuations Double? Bitwise CIO’s Revenue-Capture Thesis Explained
#SICryptoNews #bitcoin #Bitwise
#SICryptoNews #bitcoin #Bitwise
US SEC Cancels Crypto Rules Meeting: What It Means for Crypto Startups and Investors
#SICryptoNews #bitcoin #SEC
#SICryptoNews #bitcoin #SEC
Bank of England and Polygon Test a New Model for Digital Pound and Stablecoin Trade Finance
#SICryptoNews #BankOfEngland #bitcoin
#SICryptoNews #BankOfEngland #bitcoin
Only 90 Bitcoin Wallets Hold 10,000+ BTC — Are Bitcoin Whales Taking Control?
#SICryptoNews #BitcoinWhales #BTC
#SICryptoNews #BitcoinWhales #BTC
Only 90 Bitcoin Wallets Hold 10,000+ BTC — Are Bitcoin Whales Taking Control?
Something interesting is happening beneath the surface of the Bitcoin market.
While Bitcoin has struggled to stay above the $65,000 level, the number of very large Bitcoin wallets has quietly climbed to its highest point in six months.
According to the latest data, there are now only 90 wallets holding at least 10,000 BTC.
That number has increased by six wallets over the past eight weeks, representing roughly a 7% rise.
Why Are Large Bitcoin Wallets Important?
The bigger story is not just the number of wallets. It is where the Bitcoin supply appears to be moving.
While large wallets have been growing, smaller holders have been reducing their holdings during August.
Santiment linked part of this retail decline to fear and uncertainty among smaller investors, including concerns surrounding recent security incidents and delays related to the CLARITY Act.
In simple terms, some Bitcoin appears to be moving away from weaker or smaller hands and toward larger holders.
That does not guarantee a price rally, but it is a development worth watching.
$65,400 Is the Level to Watch
Bitcoin's next major test could come around $65,400.
The cryptocurrency has made several attempts to move above the $65,000 area but has struggled to maintain those gains.
A clean break above $65,400 would be more meaningful if Bitcoin can also produce several weekly closes above that level.
If that happens, attention could shift toward the $77,000–$78,000 area, followed by around $83,000.
But there is also a downside scenario.
If Bitcoin continues to face rejection around the current resistance zone, $61,500 could become the first important support. A deeper correction could bring $54,000 back into focus.
#SICryptoNews #BtcWhales $BTC
$ETH
$SOL
Something interesting is happening beneath the surface of the Bitcoin market.
While Bitcoin has struggled to stay above the $65,000 level, the number of very large Bitcoin wallets has quietly climbed to its highest point in six months.
According to the latest data, there are now only 90 wallets holding at least 10,000 BTC.
That number has increased by six wallets over the past eight weeks, representing roughly a 7% rise.
Why Are Large Bitcoin Wallets Important?
The bigger story is not just the number of wallets. It is where the Bitcoin supply appears to be moving.
While large wallets have been growing, smaller holders have been reducing their holdings during August.
Santiment linked part of this retail decline to fear and uncertainty among smaller investors, including concerns surrounding recent security incidents and delays related to the CLARITY Act.
In simple terms, some Bitcoin appears to be moving away from weaker or smaller hands and toward larger holders.
That does not guarantee a price rally, but it is a development worth watching.
$65,400 Is the Level to Watch
Bitcoin's next major test could come around $65,400.
The cryptocurrency has made several attempts to move above the $65,000 area but has struggled to maintain those gains.
A clean break above $65,400 would be more meaningful if Bitcoin can also produce several weekly closes above that level.
If that happens, attention could shift toward the $77,000–$78,000 area, followed by around $83,000.
But there is also a downside scenario.
If Bitcoin continues to face rejection around the current resistance zone, $61,500 could become the first important support. A deeper correction could bring $54,000 back into focus.
#SICryptoNews #BtcWhales $BTC
$ETH
$SOL
Bitcoin’s BIP-110 Fork Stalls After Just Two Blocks as the Split Widens
Bitcoin’s ongoing BIP-110 dispute has reached an interesting point.
The minority chain supporting BIP-110 has produced only two blocks and then effectively stalled, while the main Bitcoin chain has continued moving forward at its normal pace.
According to the latest figures, the BIP-110 chain was still sitting at block 961,633, while Bitcoin’s dominant main chain had reached block 961,744.
That puts the two chains 111 blocks apart.
Very Little Mining Support
The biggest issue for BIP-110 right now is mining support.
Since mandatory signaling began, the main Bitcoin chain had produced 113 blocks without a single block signaling support for BIP-110.
That is a strong indication that the overwhelming majority of mining activity remains on the existing Bitcoin chain.
OCEAN’s BIP-110 endpoint was showing around 257 PH/s of hash power. Even with that mining power, however, the fork reportedly went roughly 17 hours without producing another block.
For a network designed around roughly ten-minute block intervals, that is a significant slowdown.
#SICryptoNews #BIP110ForkSignalingExpectedThisWeekend $LINK
$ETH
$SOL
Bitcoin’s ongoing BIP-110 dispute has reached an interesting point.
The minority chain supporting BIP-110 has produced only two blocks and then effectively stalled, while the main Bitcoin chain has continued moving forward at its normal pace.
According to the latest figures, the BIP-110 chain was still sitting at block 961,633, while Bitcoin’s dominant main chain had reached block 961,744.
That puts the two chains 111 blocks apart.
Very Little Mining Support
The biggest issue for BIP-110 right now is mining support.
Since mandatory signaling began, the main Bitcoin chain had produced 113 blocks without a single block signaling support for BIP-110.
That is a strong indication that the overwhelming majority of mining activity remains on the existing Bitcoin chain.
OCEAN’s BIP-110 endpoint was showing around 257 PH/s of hash power. Even with that mining power, however, the fork reportedly went roughly 17 hours without producing another block.
For a network designed around roughly ten-minute block intervals, that is a significant slowdown.
#SICryptoNews #BIP110ForkSignalingExpectedThisWeekend $LINK
$ETH
$SOL
Log in to explore more content