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A prominent crypto analyst is revising his prediction on when Bitcoin (BTC) might shift to a bullish trend.
It appears that the Bitcoin ecosystem includes around 400 ‘layer 2’ solutions, a figure provided by Shehzan, the founder of the multi-chain platform Lava.
CryptoQuant, a prominent cryptocurrency analysis firm, has reported that Bitcoin reserves on exchanges have fallen to their lowest levels of the year.
In an extraordinary achievement, a lone Bitcoin miner has managed to mine a block on the Bitcoin network and secure a reward of 3.275 BTC, equivalent to approximately $200,000.
An old Bitcoin address transferred 64.59 BTC over the weekend after being inactive for over 13.5 years.
El Salvador’s President Nayib Bukele has acknowledged that the adoption of Bitcoin as legal tender in the country has not progressed as much as he had hoped.
Bitcoin has been struggling to recover from this week’s losses, and although prices have stabilized slightly, the overall trend remains bearish.