Bitcoin Illiquid Supply at All-Time High
Bitcoin's illiquid supply is at an all-time high, with BTC holders hoarding over 14.5 million bitcoins. On-chain data shows bullish signs for bitcoin in the medium term. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Craig Wright Takes Stand in Bitcoin Trial With 1.1 Million BTC at Stake
Monday marks the fifth day of the civil trial between Craig Wright, a computer scientist best known for claiming to be the pseudonymous creator of Bitcoin, and the estate of Dave Kleiman, Wright's former collaborator and business partner. 1.1 million BTC is at stake, which could be worth over $67 billion. "The Hash" team discusses the latest in bitcoin's trial of the century.
FTX.US CEO on Total Crypto Market Cap Topping $3T as Bitcoin Breaks $66K, Ether Hits All-Time High
As bitcoin breached $66,000 and ether hit another new all-time high of $4,700, the overall market cap of all cryptocurrencies topped $3 trillion Monday. Still, bitcoin’s dominance continues to decline. Brett Harrison, president of crypto exchange FTX.US, discusses his crypto market update and outlook and shares insights into stablecoin regulation.
Craig Wright to Take Stand Monday in Trial
CoinDesk's Christie Harkin discusses what to expect next week as the crypto industry anticipates Craig Wright, best known for his widely disputed claim to be Satoshi Nakamoto, to testify in a Miami court Monday. Plus, CoinDesk's Damanick Dantes discusses his crypto markets outlook following Square's bitcoin revenue and gross profit falling in the third quarter.
What's Behind Bitcoin's Declining Dominance in the Crypto Markets?
"All About Bitcoin's" Week in Review panel discusses the week's events that potentially impacted bitcoin's price action and the wider crypto markets. New data on bitcoin's declining dominance over all other cryptocurrencies is signaling a bias toward altcoin exposure. The latest bitcoin hash rate and reactions to building bitcoin mines using renewable energy in the indigenous land are also discussed.
Bitcoin Dominance Weakens as Altcoins Rally
Bitcoin, the world's largest cryptocurrency by market value, was little changed between $60,000 and $63,000 Friday before the release of the U.S. jobs report. The price also changed slightly over the week, while altcoins and gaming tokens have seen significant gains. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
NYC Mayor-Elect Eric Adams to Take First 3 Paychecks in Bitcoin
Incoming New York City Mayor Eric Adams said Thursday he would take his first three paychecks in bitcoin when he takes office in January. This comes as Miami Mayor Francis Suarez announced he would take his next paycheck in BTC. "The Hash" team weighs in on the possible impact of the move for New York's crypto landscape.
Crypto Markets Trading Flat; What’s Next?
Bitcoin has traded mostly sideways over the past two weeks. Steve Ehrlich, CEO of publicly listed crypto broker Voyager, discusses his crypto markets analysis and outlook for bitcoin, altcoins, and meme coins. Plus, insights into the five-year partnership with Mark Cuban’s Dallas Mavericks.
Profit Taking Since July Remains Lower Than During BTC’s Rally From January to May
New data on bitcoin’s adjusted spent output profit ratio (aSOPR), which measures the profitability of spent bitcoin while filtering out short-term trading, reveals profit taking since July has remained significantly lower than during BTC’s rally from January to May. Some suggest this signals holders may believe in the continuation of a longer-term bull cycle.