After a turbulent 2023 followed by a recovery in 2024, the global count of crypto-automated teller machines (ATMs) is inching closer to its former high of 39,958, achieved on Dec. 1, 2022. Crypto ATMs Prove Resilient in Post-Terra and FTX Era, Near Record Numbers The trajectory of crypto ATMs saw dramatic shifts following the Terra […]
Bitcoin Technical Analysis: Weak Recovery Signals Hint at Further Downside
$500M Bitcoin Buried in Landfill: Man Sues City After Decade-Long Battle for Recovery
James Howells is suing Newport City Council after a decade-long fight to recover a hard drive containing 7,500 bitcoins, now worth nearly $ 500 million, mistakenly dumped in 2013. The council has repeatedly denied excavation requests, citing environmental concerns. Howells claims the data is recoverable. Council Sued Over Lost $ 500M Bitcoin Hard …
Heavy Sell-Off Pushes Bitcoin to $58.8K, Cautious Buying Fuels Modest Recovery
The price of bitcoin dipped to $ 58,867 on Thursday, around 2 p.m. Eastern Time, but by 8:50 p.m. it had climbed back above $ 60,000. The initial drop reflected heavy selling pressure, but the later rebound—though slow—suggests a potential recovery might be on the horizon. Bitcoin Reclaims $ 60K After Market …
New Bitcoin Investors Show Confidence Amid Market Recovery, Says Glassnode
In a report by Glassnode and researchers Cryptovizart and Ukuria OC, bitcoin has reclaimed a key short-term cost basis after the Federal Reserve’s recent interest rate cut. This recovery signals the potential for further price momentum, although broader market conditions remain cautious. Bitcoin Reclaims Short-Term Cost Basis According to Glassnode, bitcoin’s price has risen above […]