In the face of recent market turbulence, Bitcoin (BTC) whales have displayed unwavering confidence in the cryptocurrency. Crypto analyst Ali Martinez has reported that despite a recent price correction that briefly pushed Bitcoin below the $40,000 mark, large holders of BTC have been actively increasing their holdings.

Martinez’s analysis revealed that approximately 67 new entities now own 1,000 BTC or more, marking a significant 4.50% increase in holdings within a span of just two weeks. This development comes on the heels of a market correction that sent shockwaves through the crypto landscape.

Interestingly, 80% of Bitcoin holders are currently in a profitable position, indicating that most investors have weathered recent market turbulence successfully. The accumulation of BTC by whales during this uncertain period highlights a divergence in sentiment between institutional and retail investors. While retail traders may have been nervous, institutional players see it as an opportunity to increase their exposure to Bitcoin.

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The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.

Last week, I put the massive buying pressure coming to bitcoin in context, but there is another — perhaps the largest — source of potential demand entering the scene.

We already know the Bitcoin ETFs, MicroStrategy issuing more shares to buy more bitcoin, Tether’s constant buying, and the halving will all be major sources of demand this cycle. For example, in the first two weeks of trading alone,…

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Augsburg, January 29th, 2024 – In light of the global climate and local energy crises, the demand for future-proof energy solutions has never been higher. How do you solve the issues which arise when transitioning to greener energy and simultaneously ensure a resilient and secure grid?

The European Bitcoin Energy Association believes that bitcoin mining can play a vital role in the European energy transition. Bitcoin data-centers are provenly well-suited to act as consumers of both first and last resort as well as a valuable tool for methane mitigation.

Mark Morton, Managing Director of Irish BTC mining company, Scilling Digital Mining, and Chairman of EBEA, states:

“We know that…

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Transak, a Web3 payments infrastructure provider, has partnered with Visa Direct, ushering in a more convenient way for users to convert their cryptocurrency holdings into traditional currency. This alliance aims to streamline the process, making it effortless for Transak users to switch from crypto to fiat.

Transak’s payment and onboarding services manage crucial aspects like KYC requirements, risk monitoring, and compliance for clients such as MetaMask and Coinbase Wallet. With a $20 million Series A funding round completed last year, Transak is poised for global expansion.

Visa Direct’s program opens doors for third-party providers like Transak to directly access Visa’s network, expediting secure payments to Visa cards. With transaction times under 30 minutes, users can practically convert crypto to fiat in real-time.

Transak currently supports over 40 major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Dogecoin (DOGE), available in 145+ countries. This partnership is a significant stride toward crypto’s widespread acceptance as a legitimate payment option.

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In the digital realm where volatility is king, the unwavering reign of cryptocurrencies like Bitcoin and Ethereum is a testament to the enduring allure of decentralized finance. Since the first surge in 2017 to the market peaks in 2021, these digital titans have consistently topped the charts, underscoring a robust confidence among investors. This constancy amidst the ebb and flow of the market not only highlights their popularity but also marks them as potential safe havens, akin to digital gold.

As the cryptocurrency landscape evolves, altcoins such as Binance, Solana, and Cardano emerge, each contributing to a vibrant ecosystem brimming with innovation and scalability. This multiplicity ensures a comprehensive financial ecosystem, resilient in its diversity and innovative spirit. Such dynamism in the face of change reinforces the notion that cryptocurrencies are more than a fleeting trend; they are a mainstay in the future of finance, challenging traditional monetary systems and paving the way for a new economic paradigm.

Disclaimer: Market capitalizations and data can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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(NASHVILLE, TN – January 30th, 2024) Bitcoin Magazine, in collaboration with Kraken Digital Asset Exchange, is excited to unveil the 2024 Bitcoin Halving Livestream. This celebration, akin to a New Year’s Eve variety show and featuring bitcoin’s biggest names, is dedicated to marking the fourth epoch in Bitcoin’s history. Broadcasting live from Nashville, Tennessee, the event starts with the 839,979th Bitcoin block, with projections pointing to April 18, 2024, culminating in the milestone 840,000th block.

Mike Germano, President at Bitcoin Magazine, expresses his enthusiasm, “We at Bitcoin Magazine are thrilled to present the 2024 Bitcoin Halving Livestream in partnership with Kraken….

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