Bitcoin News

A commonly used Bitcoin indicator, Puell Multiple, which helps traders gauge miners’ selling activity, is approaching a level that suggests a potential buying opportunity, according to a crypto analyst.

Bitcoin has recently stayed in a relatively narrow range. This week the asset failed to break the $65,000 mark and instead returned to the $58,000-$60,000 range, erasing last week’s gains.

Rhodium Enterprises, a Bitcoin (BTC) mining company that recently filed for bankruptcy, has received court approval to secure a loan in US dollars or Bitcoin.

Anthony Pompliano, a prominent advocate for cryptocurrency, recently provided his insights on Bitcoin’s (BTC) current market behavior as the digital currency remains in a relatively stable trading range.

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.

A prominent crypto analyst is revising his prediction on when Bitcoin (BTC) might shift to a bullish trend.