Cointime

Download App
iOS & Android

Bitcoin briefly hits $31,000

According to OKX market information, Bitcoin briefly touched $31,000 and is now priced at $30,896, with a 24-hour increase of 3.37%.

Comments

All Comments

Recommended for you

  • The Bitcoin Renaissance Is in Full Swing

    As we discussed in Entering the Bitcoin Renaissance, our last edition, Lightning Labs CEO and Co-Founder Elizabeth Stark told The Block, “a major narrative of the next cycle will be the bitcoin renaissance, and it has already begun in full swing.” Only a few months later, and that is proving to be quite prescient!
  • Terra founder Do Kwon to be extradited to U.S.

    Terra founder Do Kwon will be extradited to the United States.
  • Bitcoin Optech Newsletter #290

    This week’s newsletter describes a proposal for providing DNS-based human-readable Bitcoin payment instructions, summarizes a post with thoughts about mempool incentive compatibility, links to a thread discussing the design of Cashu and other ecash systems, briefly looks at continuing discussion about 64-bit arithmetic in Bitcoin scripts (including a specification for a previously proposed opcode), and gives an overview of an improved reproducible ASMap creation process. Also included are our regular sections describing updates to clients and services, new releases and release candidates, and notable changes to popular Bitcoin infrastructure software.
  • Approaching Supply Discovery

    Bitcoin investors have been rewarded for their patience and conviction, with BTC prices rallying to multi-year highs above $50k. The volume of supply held at a loss is also thinning quickly, with just 13% falling into this category.
  • Deteriorating Fiat Currencies Pave the Way for Bitcoin Adoption

    Why does bitcoin’s long-term price just keep going up? This seemingly evergreen topic has a tendency to bring out some of the wildest takes imaginable, with institutional proximity tending to be inversely related to explanatory power.
  • BTC Option Volumes Surge As $50k Hit

    Bitcoin’s price has been on a relentless ascent, momentarily crossing the $50,000 threshold. This surge is partly fuelled by increased investments in Bitcoin ETFs and a reduction in selling pressure from GBTC. However, the dynamics extend beyond ETF activities. A resurgence in global liquidity is bolstering both equity and digital asset markets, reflecting an uptick in the money supply.
  • Assessing Risk in a Bitcoin Bull

    On-chain data provides both investors and analysts with a plethora of new tools to diagnose and assess the state of the chain from a multitude of viewpoints. In this article, we produce a new framework for assessing the degree of market risk across various data categories.
  • Introducing Citrea: Bitcoin’s First ZK Rollup

    The Bitcoin scalability landscape has long been dependent on solutions that move security and demand off-chain, off-Bitcoin. Citrea is set to change this reality by scaling Bitcoin in its entirety with zero-knowledge proofs, ensuring on-chain verifiability and data availability within the Bitcoin network. This approach makes Citrea the first scaling solution to enable more complex applications without compromising Bitcoin security and changing its consensus rules.
  • When do Bitcoin Node Operators Upgrade?

    An analysis of historical Bitcoin Core node versions to examine the updating behavior of node operators over the years.
  • Tracking Market Momentum with On-chain Data

    On-chain data provides analysts and investors with a remarkable degree of transparency into the performance, adoption, and investor positioning within digital assets. In this piece, we highlighted several approaches and frameworks for assessing market momentum across various data categories.