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What does BTC's latest rejection mean for the asset's upcoming price moves?
Read full articleBitcoin’s supply headlines have been loud, but ETF flow data is giving bulls something to point to. Farside’s numbers show a $143 million net inflow day for US spot Bitcoin ETFs, suggesting institutional buyers are still
Bitcoin’s supply headlines have been loud, but ETF flow data is giving bulls something to point to. Farside’s numbers show a $143 million net inflow day for US spot Bitcoin ETFs, suggesting institutional buyers are still
The post Zcash Founding Scientist Challenges Bitcoin’s 21 Million Cap appeared on BitcoinEthereumNews.com. StarkWare CEO Eli Ben-Sasson, a founding scientist of the privacy coin Zcash, challenged Bitcoin’s 21 million cap this week. He argued that lost private keys will steadily shrink the usable supply and proposed a 4% annual issuance limit instead. The pushback was immediate, since Bitcoin supporters treat the fixed supply as the network’s founding promise. Zcash creator Zooko Wilcox answered with a rival design that keeps hard caps intact. Bitcoin Maximum Supply. Source: BeInCrypto Why Ben-Sasson Says Bitcoin’s 21 Million Cap Fails Ben-Sasson helped invent the STARK proof system now used across crypto and co-authored Zerocash, the 2014 design behind Zcash. His critique starts from the numbers on lost coins. Chainalysis estimated that 2.78 million to 3.79 million BTC were already unrecoverable by 2017. The figure assumes Satoshi Nakamoto’s untouched coins are gone for good. Courts ar
The post Bitcoin is Seeing a ‘Textbook’ Bottom as More Analysis Brings Back 2022 appeared on BitcoinEthereumNews.com. Bitcoin (BTC) is seeing a “textbook” bear-market bottom as speculators take profits on the trip toward $65,000. Key points: Bitcoin is repeating previous macro bottom behavior in a “textbook” manner, analysis argues. Short-term holders are taking profits on minor recoveries — something “characteristic of a bull market.” Doubts remain about speculators avoiding future capitulation. Analysis: Bitcoin bottom will “be very obvious in hindsight” In their latest analysis on X, the Bitcoin quant account known as Frank, named for the famous economist Frank A. Fetter, doubled down on conviction that the worst of the BTC price downtrend is over. “This is a textbook bitcoin bottom; I mean every bottom signal has flashed or is flashing, it’ll be very obvious in hindsight,” one post stated. An accompanying chart showed the 200-week simple moving average (SMA) for BTC/USD, along with
The post Could Bitcoin’s 21 Million Supply Cap Change? Zcash Co-Founder Makes Bold Proposal appeared on BitcoinEthereumNews.com. In a post, Zcash co-founder Eli Ben-Sasson proposes rethinking Bitcoin’s fixed 21 million supply cap. According to Ben-Sasson, capping the supply of Bitcoin at 21 million BTC does not make sense. This is because, over time, keys will be lost. He believes that this will eventually happen over an infinite time horizon. The maximum number of Bitcoins that can ever exist is 21 million BTC. This hard cap on the total Bitcoin supply is a fundamental part of Bitcoin’s monetary policy, which is designed to promote scarcity and prevent inflation. Bitcoin creator Satoshi Nakamoto encoded this limit into the cryptocurrency’s source code. Ripple-Operated Rail Dropped by Major Software Company XRP, Shiba Inu (SHIB), Solana (SOL) and Bitcoin (BTC) Price Analysis for June 8: Momentum Is Not Fueled Yet Zcash Co-Founder Suggests Bitcoin Move Away From Fixed 21M Supply Cap and
The renegotiation highlights the challenges of aligning traditional finance with volatile crypto assets, impacting future SPAC-crypto ventures. The post Cantor Fitzgerald-backed SPAC and Adam Back’s Bitcoin firm scrap original merger terms, start fresh negotiations appeared first on Crypto Briefing.
The post Crypto Market at Risk as BTC, ETH, XRP, and SOL Longs Build appeared on BitcoinEthereumNews.com. Analyst Joao Wedson says unliquidated long positions are dominating BTC, ETH, XRP, and SOL. Alphractal charts show large, long-exposure buildings across major crypto assets, while weak upward movement has increased concerns over leveraged positions. XRP, ETH, and SOL show higher sensitivity due to heavier long accumulation. Bitcoin and major altcoins are facing increased leverage pressure as unliquidated long positions continue building across the market. Analyst Joao Wedson highlighted data from Alphractal showing that BTC, Ethereum, XRP, and Solana are carrying a large amount of open long exposure after a weak upward move. Notably, the charts shared by the analyst show concentrated long positions across multiple assets, creating a market structure where a sudden decline could force leveraged traders to close positions. Long Positions Increase Across Major Crypto Assets Alphracta
Metaplanet's acquisition could reshape Japan's financial landscape by integrating Bitcoin into traditional investment channels, challenging regulatory norms. The post Metaplanet to complete Siiibo Securities acquisition on July 13 and launch Bitcoin-focused brokerage appeared first on Crypto Briefing.
