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Bitcoin Logs Biggest Weekly Price Gain in 3 Months as Illiquid Supply Hits Record High
Bitcoin posted its steepest weekly gain in three months last week, and blockchain data hinting at renewed supply-side weakness indicates further advances may be in the offing. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.
Bitmain, ISW Holdings to Launch Crypto Mining Operation in Georgia
Irene Gao of Bitmain, a leading Chinese crypto mining firm and mining hardware producer, discusses the company's new venture: a crypto hosting and mining operation in Georgia in partnership with ISW Holdings. This comes as Beijing continues its tough stance on crypto. Plus, her take on the potential impact of the U.S. Senate's proposed $1 trillion bipartisan infrastructure bill on the mining community.
Bitcoin’s Next Move After Breaking $42K
Bitcoin buyers are taking profits after a rally toward $42,000 over the weekend. OANDA Senior Market Analyst Edward Moya discusses what he saw as the potential catalyst for the price bounce and why he believes this signals a return of positive momentum this month.
Where People Prefer to Trade BTC
Bitcoin outflows are greater on exchanges that primarily trade crypto-only pairs than those with fiat markets, suggesting a shift in where people prefer to trade. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.
What Drove This Week’s Bitcoin Rebound?
Bitcoin’s price is up about 23% over the past week and is on course for its 10-day winning streak, the longest since October 2015. CoinDesk’s Brad Keoun and George Kaloudis review the recent events that could have brought BTC to this point.
Is a Bitcoin Breakout Expected Next Week?
CoinDesk Managing Editor of Markets Brad Keoun and Research Analyst George Kaloudis discuss their outlook for bitcoin amid the Senate advancing a bipartisan infrastructure bill that would raise $28 billion via a tax on crypto transactions.
Bitcoin Struggling to Notch 9-Day Winning Streak. What’s Next?
Bitcoin has notched an eight-day winning streak that has taken the price to above $40K, but will this rally continue? Quantum Economics founder and CEO Mati Greenspan shares his data analysis that reveals bitcoin’s possible trajectory.
Bitcoin Poised for Longest Winning Streak Since October 2015
Bitcoin is on an eight-day winning streak, taking the price from $30K to above $40K over the past eight days. If bitcoin ends a ninth day in the green, it would be BTC’s longest winning streak since October 2015. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.
Bipartisan Infrastructure Deal Could Impose New IRS Reporting Requirements on Crypto Firms
U.S. senators reached an agreement on key parts of a $1.2 trillion bipartisan infrastructure bill which could be approved for formal debate by late Wednesday. According to the Blockchain Association’s Kristin Smith, the bill contains language that would subject much of the crypto industry to new, challenging IRS reporting requirements.
Market Cap of USDC Growing Faster Than Tether
Half of the trades in and out of bitcoin are done with Tether, the dominant stablecoin and third-largest cryptocurrency with a $64 billion market cap. Yet, Coin Metrics reveals the market cap of stablecoin USDC is growing faster than that of USDT. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.