Bitcoin

It is reported that Ingenico, a global payment solution provider, now accepts Bitcoin in France. Interpretation of this information: Ingenico, a global payment solution provider, has officially announced that it has begun accepting Bitcoin in France. This is a big step forward for both Ingenico and the Bitcoin community, as it marks the first time a major payment solutions provider has integrated Bitcoin into their platform. According to Ingenico, the move to integrate cryptocurrency payments is part of their effort to provide their merchants with greater flexibility and choice when…

It is reported that Twitter user @ ali_ Charts said on social media that there are two key positions supporting Bitcoin: the first is between US $22659 and US $23325, of which 1.41 million addresses buy 711550 BTCs. The second is that between $20426 and $21167, 933690 addresses purchased 542160 BTCs. Interpretation of this information: The message reports a tweet from a Twitter user with the handle @ali_Charts, stating that there are two crucial price positions that support Bitcoin. The first position ranges between $22659 and $23325, with 1.41 million…

According to the report, 1ML data shows that the current number of Bitcoin lightning network nodes is 16052, an increase of 0.65% in the past 30 days; The number of channels was 76238, an increase of 0.4% over the previous month; The network capacity was 5360.60 BTCs, up 2% on a monthly basis. Interpretation of this information: The report reveals that the adoption of Bitcoin lightning network nodes has been increasing gradually over the past 30 days. The current number of Bitcoin lightning network nodes that exist is 16052, which…

According to the report, BTC.com data shows that the current number of unconfirmed transactions in Bitcoin is 6209, the total network computing power is 320.57 EH/s, the 24-hour transaction rate is 3.07 transactions/s, and the current difficulty of the whole network is 39.16 T. It is predicted that the next difficulty will increase by 10.13% to 43.12 T, and there are still 4 days to go before the adjustment. Interpretation of this information: The stated facts and prediction represent various aspects of the current state of the Bitcoin network. BTC.com…

On February 21, the report of CoinShares, an institutional encryption fund management company, showed that the total outflow of funds from digital asset investment products last week was $32 million, which was the largest outflow of funds this year. James Butterfill, an analyst at CoinShares, added that the outflow of funds in the middle of last week reached $62 million, most of which (78%) came from Bitcoin. However, with the improvement of market sentiment, the speed of capital outflow slowed down. Interpretation of this information: The recent report by CoinShares…

It is reported that the number of Bitcoin whales has dropped to the lowest level since 2019. According to Glassnode’s data on February 19, the number of wallet addresses holding more than 1000 Bitcoins (or more) was 2027, while the last low point occurred on August 5, 2019, when the number of related addresses was 2023. Interpretation of this information: The recent report states that the number of Bitcoin whales has decreased to the lowest level since 2019. The data provided by Glassnode on February 19 shows that there are…

It is reported that the data of the full-network contract breach of digital currency shows that the full-network contract breach in the past 24 hours is US $83.8516 million. Among them, Bitcoin and Ethereum were $23.8073 million and $12.9243 million respectively. Interpretation of this information: The news report states that there has been a breach of the full-network contract of digital currency in the last 24 hours, amounting to a total of $83.8516 million. The breach has affected two major currencies, Bitcoin and Ethereum, which accounted for $23.8073 million and…

According to reports, Mexican Senator Indira Kempis said, “Bitcoin makes the central bank obsolete, which is why they hate it.” Interpretation of this information: The statement made by Mexican Senator, Indira Kempis, that “Bitcoin makes the central bank obsolete, which is why they hate it,” is a strong message, and has sparked a debate over the role of cryptocurrency in the financial system. Cryptocurrency, particularly Bitcoin, has been a controversial subject among economists and financial experts, with some praising it as the future of money, while others dismiss it as…

According to reports, the International Monetary Fund (IMF) said that the use of Bitcoin in El Salvador was “likely to increase”. Interpretation of this information: Recently, the International Monetary Fund (IMF) has indicated that there is a likelihood that the usage of Bitcoin in El Salvador may increase. This is interesting news, as El Salvador made history by becoming the first country in the world to declare Bitcoin as legal tender on September 7, 2021. This means that the cryptocurrency can be used to pay for goods and services in…

According to the report, the data shows that the balance of the exchange wallet has flowed out of 592.88 BTCs in the past 24 hours, 14868.06 BTCs in the past 7 days and 775.91 BTCs in the past 30 days. At present, the total balance of wallets in the whole network exchange is 1917621.33 BTCs. Interpretation of this information: The message above pertains to the balance of exchange wallets in the Bitcoin network. Based on the data, there has been a significant outflow of BTCs from the exchange wallet in…

It is reported that Bitcoin has the support of one of the largest players on Wall Street. Recently, financial giant Goldman Sachs released a new report saying that BTC is one of the best performing assets so far this year, and has high hopes and plans for the digital currency with the world’s largest market value. Interpretation of this information: Goldman Sachs, one of the largest financial institutions in the world, has apparently thrown its support behind Bitcoin. According to recent reports, the firm released a new report stating that…

According to reports, Will Clemente, co-founder of Reflexivity Research, said in a social media article that whenever someone said you were lucky to buy Bitcoin, show them this chart. Buying Bitcoin is not easy. You must have great faith to persist in multiple drops of more than 70%. The market will test everyone’s belief, and the volatility of BTC is a mechanism to transfer supply to the strongest people. Interpretation of this information: The recent surge in Bitcoin price has brought attention to the concept of luck in investing in…

According to reports, Glassnode data showed that the number of BTC active addresses (MA on the 7th) was 57025.970, reaching a one-month high. Interpretation of this information: The recent report released by Glassnode has revealed an interesting trend in the number of active Bitcoin addresses. The data showed that the number of active addresses had reached a one-month high on the 7th of May, peaking at 57,025.970. This signifies an increase in the number of people actively participating in the Bitcoin network and trading the cryptocurrency. This surge in active…

It is reported that according to Glassnode data, since the introduction of Ordinals, the upper limit of the average block size of Bitcoin has increased significantly, from 1.5-2.0 MB to 3.0-3.5 MB in a few weeks. This increase is not only related to images, but also related to larger files (such as audio and video) starting to be stored as Ordinals. It is worth noting that on February 1, the first NFT work of the Taprot Wizards series, the Inscription 652, set a new record for the largest block and…

According to the report, the market shows that BTC fell below US $23500 and is now at US $23496.8, with a daily decline of 3.47%. The market is volatile, so please do a good job in risk control. Interpretation of this information: The message is a brief update on the current state of the Bitcoin market, which indicates that the price of BTC fell below US $23,500 and is currently at US $23,496.8, reflecting a 3.47% decrease on a daily basis. The message highlights the volatility of the market and…

According to reports, Canadian actor and “Matrix” star Keanu Reeves said that Bitcoin is “a magical resource exchange tool”, and criticizing it “will only make it better”. Interpretation of this information: The world of cryptocurrency is becoming more prevalent day by day. In recent news, Keanu Reeves, a Canadian actor, and famous for his role in “The Matrix” stated that Bitcoin is a magical resource exchange tool. This statement by Reeves showcases his views regarding cryptocurrencies and their usage in modern-day finance. Reeves has been known to be quite supportive…

On February 16, according to Bloomberg News, Mike Novogratz, CEO of Galaxy Digital, said in a speech at the Bank of America conference that if the price of BTC reached $30000 in 2022, he would be “the happiest person”. He added that when I saw the price trend, when I saw the excitement of customers calling and the increase of FOMO, I would not be surprised if we reached $30000 at the end of this quarter. Interpretation of this information: In a recent speech at the Bank of America conference,…

On February 16, it was reported that DeGods, the Solana ecological NFT project, had used the Ordinals protocol to cast 535 NFTs on the Bitcoin chain. Rohun Vora (Frank), founder of DeGods, said that he and Kevin Henrikson, CEO of Dust Labs, were both long-term lovers of Bitcoin. In the early days of the Ordinals craze, they were very happy to have the opportunity to bring the project to the Bitcoin network. （Decrypt） Interpretation of this information: DeGods, a Solana-based non-fungible token (NFT) project, has reportedly utilized the Ordinals protocol…

According to reports, according to Whale Alert data, 984 BTCs (worth $24297486) were transferred from Coinbase to unknown wallets. Interpretation of this information: The message suggests that a significant amount of Bitcoin, precisely 984 BTCs, was transferred from Coinbase to unknown wallets, which has raised concerns among the cryptocurrency investors and experts worldwide. The transfer process was noted by the Whale Alert, which is a public blockchain tracker that tracks all significant cryptocurrency transactions. The amount of the transfer worth $24297486, indicating the substantial value of the Bitcoin transferred. Coinbase…

It is reported that according to BTC.com data, the Bitcoin network difficulty is expected to increase by 4.65% to 40.98 T in the next adjustment. If it is carried out as expected, the next adjustment will be the first time that the Bitcoin network difficulty breaks through 40 T. Interpretation of this information: The Bitcoin network difficulty is set to increase by 4.65%, which would put it at an all-time high of 40.98 T. This is according to data from BTC.com. The increase in difficulty is a result of the…