Glassnode data analyzed by CryptoSlate analysts suggests that rising Bitcoin (BTC) price also increases miner profitability and revenue, which have been historical pointers for market bottoms.

Ray Dalio, the billionaire hedge fund investor and founder of Bridgewater Associates, has long been critical of excess money printing and written detailed explainers on the value of money. He still doesn't like Bitcoin, though.

Michael Saylor, the Executive Chairman of MicroStrategy, stated that Charlie and other prominent business leaders are constantly being asked for their opinion on Bitcoin (BTC), despite the fact that they have zero to no knowledge about the flagship cryptocurrency.

According to Glassnode data, the number of Bitcoin wallet addresses holding a non-zero balance could soon hit an all-time high, with the latest price rally that has seen the value of the world’s largest cryptocurrency jump nearly 40% this year seemingly drawing in new investors.

The January US jobs report indicated the inherent strength of the labor market amid concerns of high inflation in the country. This could potentially have a significant bearing in the Federal Reserve‘s interest rate hike decisions in the coming months. However, the nominal wage growth declined to 4.4 percent, the lowest yearly rate since August 2021. Meanwhile, the Bitcoin (BTC) price showed an immediate negative reaction to the robust jobs data.

Bitcoin (BTC) bull Michael Saylor’s big bet may be about to backfire for his company MicroStrategy, after the firm on Thursday reported a massive loss for the fourth quarter of last year.

Cryptocurrencies and traditional markets slid as the U.S. jobs report numbers more than doubled estimates. 

Enterprise business intelligence (BI) software vendor MicroStrategy (NASDAQ: MSTR) purchased over 8,800 Bitcoin (BTC) during the massive plunge the cryptocurrency market suffered in 2022, whereas its stock more than doubled since the year’s turn, a new report has shown.

U.S.-based mining company Marathon Digital mined 687 Bitcoin (BTC) and sold 1,500 BTC in January, according to its monthly status report.

To the delight of crypto Twitter and Reddit circles, someone has uploaded a cloned version of the 30-year-old video game classic DOOM to the Bitcoin blockchain as an inscription on the network’s own NFT protocol, Ordinals. Thanks to a happenstance loophole enabled by Bitcoin’s Taproot upgrade pushed in Nov. 2021, a budget version of DOOM has been permanently etched on a single satoshi via block 774526, which was added to the blockchain on Wednesday morning. Being written to Bitcoin means the functional game will forever live on the immutable blockchain. As long as the network is online, folks can play this version of DOOM. (Blockworks)