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Bitcoin [BTC] holders planning to go long should read this first

ambcrypto.com

Bitcoin's average dormancy witnessed a spike, which indicates higher selling pressure Bitcoin's volume and MVRV ratio continued to decline. According to a new CryptoQuant report by Wenry, Bitcoin's average dormancy had witnessed a spike.

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Timeline of Bitcoin


10,000 Bitcoin Withdrawn From Wallet of Defunct Crypto Exchange Wex, Former BTC-e - Bitcoin

A large amount of cryptocurrency kept in a wallet associated with crypto exchange Wex, successor of the infamous trading platform run by alleged money launderer Alexander Vinnik, has moved for the first time since 2017. The 10,000 bitcoins in question, worth over $165 million, have been transferred to new addresses in several transactions.


Harvard Research Paper Urges Governments and Central Banks to Add Bitcoin to Reserves to Hedge ‘Sanction Risk' - Cryptonews

Central banks in countries that face a risk of being sanctioned by the US could shift their international reserves to include bitcoin (BTC), a new Harvard University research paper has argued.


Wrapped Bitcoin (WBTC) Depeg Linked To Alameda Research; FUD Or Truth? - Coingape

Wrapped Bitcoin (WBTC) Depeg News: Following the chaos around FTX collapse in recent weeks, speculation is now rife around the Wrapped Bitcoin (wBTC) depegging from the Bitcoin price. While the rumors suggest certain wBTC is missing as it belonged to Alameda Research, the BitGo team cited routine maintenance of DAO multisig rotation.


Bitwise re-filed for Bitcoin ETFs with the SEC: worst moment possible? - Crypto news

Major cryptocurrency asset manager Bitwise resubmitted to the Securities and Exchange Commission its application to start trading a Bitcoin exchange-traded fund (ETF). According to documents filed with the SEC on Nov.


On-Chain Data Shows Signs Of Fresh Bitcoin Accumulation - NewsBTC

On-chain data shows signs of some fresh Bitcoin accumulation taking place during the last month. Bitcoin UTXOs Aged 1 Week To 1 Month Have Risen Up In Recent Days As pointed out by an analyst in a CryptoQuant post, UTXOs purchased between 1 week and 1 month ago have risen since the FTX crash.


How much bitcoin does El Salvador have? Good luck getting an answer. - The Block

El Salvador's president said it is buying a bitcoin a day, but information about the country's purchases is not available to the public. The post How much bitcoin does El Salvador have? Good luck getting an answer. appeared first on The Block.


Binance Publishes Its Proof-of-Reserves System for Bitcoin Holdings, Additional Assets Coming Soon - Bitcoin

On Nov. 25, the largest cryptocurrency exchange in terms of daily trade volume, Binance, published its bitcoin proof-of-reserves (POR) system using The Merkle approach. At the time of writing, the snapshot provided by Binance shows the firm's onchain reserves equate to 582,485 bitcoin, while the company's customer net balance is roughly 575,742 bitcoin.


Bitcoin price analysis: BTC falls below $16,500, takes a step back after its short-lived rally - Cryptopolitan

Bitcoin price analysis shows the bears have won the day after a period of consolidation of around $16,500.Bitcoin reached an intraday high of $16,663, but slowly fell toward $16,500 and tested it as support. However, during the last few hours, Bitcoin's price movement has been battered and is looking for a clear direction.


Bitcoin bears overpower bulls despite stabilising prices; Will BTC drop below $16,000? - Finbold

Bitcoin (BTC) bulls have managed to stabilise the maiden cryptocurrency's price after slumping to a two-year low early in the week. Despite the short-term recovery, Bitcoin is still facing a threat of further correction, considering the market is yet to recover fully from the FTX crypto exchange collapse.


Binance Publishes Proof of Reserves System For BTC, More Assets to Follow - Zycrypto

Today Binance released its first Merkel Tree Proof of Reserves (PoR) system as a show of its commitment towards transparency following the collapse of giant exchange FTX. However, in a statement, the exchange noted that it would first disclose BTC holdings before sharing details of other tokens and networks “in the next couple of weeks”.

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