Global #Bitcoin

Mike Carson, founder of the Bitcoin-based naming project Spaces Protocol, advocates for decentralized domain names anchored on the Bitcoin network.

Bitcoin has reclaimed its momentum, with the price soaring above $60,700 once more. This resurgence is accompanied by notable changes in on-chain data, particularly with Bitcoin over-the-counter (OTC) desk balances, which have surged dramatically. This development suggests both opportunities and potential risks for Bitcoin investors.

Bitcoin’s volatility has surged beyond the levels seen during its all-time high in March, sparking speculation that a significant price breakout could be imminent.

Bitcoin (BTC) has recently shown signs of stabilizing after hitting a six-month low of approximately $49,500 on August 5, 2024. This dip coincides with a global market rout, but it also aligns with historical patterns where Bitcoin has found local lows in the third quarter of U.S. election years.

El Salvador's commitment to Bitcoin adoption is set to advance with the National Bitcoin Office (ONBTC) launching an extensive training program for government employees.

Recent on-chain data reveals a significant rebound in Bitcoin's mining hashrate, suggesting that miners are expanding their operations despite recent market volatility.