The ratio between all Bitcoins moved at a profit and loss fell below 1 for the first time in more than two weeks on Thursday the 9th of February, according to data from crypto analytics firm Glassnode. The so-called Bitcoin Realized Profit/Loss Ratio fell to 0.9189 as Bitcoin’s price slumped to a new near-three-week low under $22,000 amid concerns about 1) a US regulatory crackdown that is for now focused on US-based crypto staking service providers, but could soon spread to other parts of the industry and 2) concerns that the Fed might end up raising interest rates more than expected this year.

Bitcoin exchange LocalBitcoins has announced its closure after serving customers for more than 10 years, citing the ongoing bear market. 

Craig Wright, the Australian computer scientist and self-proclaimed Satoshi Nakamoto, has had a copyright claim for Bitcoin rejected by a London court, with the judge saying the subject matter “is not expressed or fixed anywhere.”

The 14-Day Exponential Moving Average (EMA) of the number of transactions taking place on the Bitcoin network hit its highest level since April 2021...

The number of Bitcoin wallet addresses holding a non-zero balance of the world’s first, most popular and largest cryptocurrency by market capitalization hit a new record high this week, suggesting the Bitcoin network’s global adoption continues to press ahead despite 2022’s challenging bear market and a tough global economic outlook for 2023.

The crypto market could be facing its “first real recession,” and milestones similar to the invention of Bitcoin (BTC) cannot be ruled out, a well-known Bloomberg strategist has predicted.

An important technical event just occurred in the Bitcoin market. For the first time in more than a year, Bitcoin’s 50-Day Simple Moving Average (SMA), now at $19,825 just moved to the north of its 200-Day SMA, now at $19,723. When the 50-Day SMA moves above the 200-Day SMA, technicians refer to this as a “golden cross” – a sign that there has been a meaningful positive shift in the market’s momentum. Tuesday’s golden cross is only Bitcoin’s seventh in the last 10 years.

Gavin Andresen, the former lead Bitcoin developer appointed by Satoshi Nakamoto himself, now regrets that he once supported the controversial Australian computer scientist Craig Wright.