Bitcoin’s average acquisition cost hit $40.9K record high in 2024

Bitcoin (BTC) continued a stunning comeback on Jan. 14 as $21,000 appeared for the first time since early November.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin cracks key trend line for first time since $69KData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it hit highs of $21,247 on Bitstamp overnight.The pair had faced major suspicion…

The Australian Federal Police revealed that scammers are using deepfakes and pig butchering as their primary methods to defraud victims. 

This time it’s not your Wifi that’s the issue. 1946 Total views 18 Total shares Cloudlfare, an internet service provider responsible for various functions, went down Sunday morning, taking down many websites, including some crypto sites.The company confirmed in a tweet it experienced issues around 9:24 am Eastern time caused by a third-party transit provider.…

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision.Market data is provided by the HitBTC exchange.Tom Lee, managing partner and head of research at Fundstrat Global…

The price of Bitcoin (BTC) dropped sharply from $37,800 to $35,000 overnight, liquidating $572 million worth of cryptocurrency futures positions.There are three major reasons why the price of Bitcoin declined steeply in the past 12 hours. The reasons are an overheated derivatives market, growing doubt in the market, and the lack of upside volatility.BTC/USD 15-minute…

The CEO of Dutch cryptocurrency exchange Bitvavo believes market dynamics will cater to the potential skyrocketing demand for Bitcoin in 2024. 729 Total views 4 Total shares Supply and demand dynamics could mitigate concerns of a potential Bitcoin (BTC) market supply shock during the upcoming mining reward halving in 2024, according to Bitvavo CEO Mark

The Indian government is working on a national blockchain strategy in order to expand the technology’s adoption in the country. As the India Times reported on Nov. 27, India’s Ministry of Electronics and Information Technology (MeitY) said that it recognizes the potential of blockchain technology and the need for the development of a shared infrastructure to…

The proliferation of institutional Bitcoin custodians creates opportunities for MicroStrategy, according to a Benchmark analyst.