Bitcoin Price Betting - Tuesday, September 26, 2023 News Update

BTC Bitcoin Cryptocurrency Betting

BookMaker Bitcoin Betting

Bitcoin is the cryptocurrency that started it all. There are dozens of other cryptocurrencies you can use to deposit at BookMaker and hundreds more on the periphery, but Bitcoin is the most well-known of the bunch, and the only one your aunt Ethel and uncle Fred know. The coin that dominates the crypto space surged past $60,000 in March 2021 and might be poised for an even bigger run ahead of the holidays.

Tuesday, September 26, 2023, News Update

Trading volume on exchanges has decreased recently, as a result of dealers' ongoing exposure to economic uncertainty. Daily BTC volumes are at lows that haven't been seen since 2018, according to new information from on-chain analytics platform CryptoQuant, which was published on September 25. For several months, the price of bitcoin has fluctuated within a well-known range, and it appears that traders' enthusiasm in making transactions is waning. The amount to which volumes have declined since BTC/USD reached its current range in March is highlighted by CryptoQuant data, which monitors activity on both spot and futures markets.

Between 8,000 and 15,000 spot exchange transactions per day were recorded over the preceding week and that is a fraction of the typical March daily total, which topped 600,000. The macroeconomic environment, according to contributing expert Caue Oliveira, is a major factor causing the issue. He stated to the media that "one of the major reasons cited is the growing fear regarding the macroeconomic scenario."

Investors are kept waiting for a potential recession by the USCB's policies, which "perpetuate a constant feeling of uncertainty." Oliveira referred to current U.S. economic policy, where the Federal Reserve has alternated between raising interest rates and pausing them in 2023 while maintaining tight conditions generally. He went on to say that as a result, Bitcoin hodlers have opted to cling onto their BTC capital.

"More and more people are viewing bitcoin and other cryptocurrencies as a long-term investment, rather than seeking quick profits through short-term trading," he said in his conclusion. The last weeks have been difficult for Bitcoin speculators, as the price of Bitcoin has fallen. Short-term holders, or those who have held Bitcoin for less than 155 days, currently hold the majority of their assets at a loss because their cost basis is higher than the price at which they are currently trading. Yonsei dent, a fellow CryptoQuant contributor, came to the conclusion last week after conducting additional research that the cost base of certain Bitcoin newbies will operate as "strong resistance."

Investors who have recently entered the market are thought to have a larger tendency to purchase and sell in the short term, with the exception of those who have been holding for the long term.

Meanwhile, there is still no discernible external interest in BTC exposure. Since October 2020, "Bitcoin" search interest has been at its lowest level, according to Google Trends statistics.

Bitcoin Weekly Price Per CoinMarketCap

September 26, 2023 26,262.65
September 19, 2023 27,200.50
September 12, 2023 26,073.95
September 5, 2023 25,758.74
August 31, 2023 27,296.24
August 24, 2023 26,191.48
August 14, 2023 29,380.20
August 7, 2023 28,986.40
July 31, 2023 29,275.31
July 24, 2023 29,716.50
July 17, 2023 30,284.10
July 10, 2023 30,293.22
July 3, 2023 30,579.07
June 26, 2023 30,264.37
June 19, 2023 26,423.18
June 12, 2023 25,816.00
June 5, 2023 26,865.42
May 29, 2023 27,620.06
May 22, 2023 26,892.90
May 15, 2023 27,430.12
May 8, 2023 29,019.45
May 1, 2023 28,177.20
April 24, 2023 27,690.55
April 17, 2023 29,420.14
April 10, 2023 28,352.11
April 3, 2023 28.279.41
March 27, 2023 27,781.71
March 20, 2023 28,179.16
March 13, 2023 22,419.71
March 6, 2023 22,429.76
February 27, 2023 23,522.87
February 20, 2023 24,829.15
February 13, 2023 21,808.10
February 6, 2023 22,760.11
January 30, 2023 22,840.14
January 23, 2023 22,934.43
January 16, 2023 21,169.63
January 9, 2023 17,196.55
January 2, 2023 16,688.47

Tuesday, September 19, 2023, News Update

Have you ever wondered who holds the most Bitcoin? The top three Bitcoin HODLers are Satoshi Nakamoto, Grayscale, and Binance. The number of coins created for the greatest cryptocurrency by market capitalization is set at 21 million. Many BTC supporters think that over time, this anti-inflationary feature should increase the asset's scarcity and value. Almost 19.5 million Bitcoin have been produced as of this writing, with ten people or organizations owning more than 15% of that total.

Satoshi Nakamoto is first in line. With 1.1 million BTC, the enigmatic developer who penned the asset's first whitepaper in 2008 (during the devastating housing market meltdown that rippled throughout the globe) is unquestionably in the lead. At current exchange rates, the cache is worth almost $29.5 billion.

Grayscale, a manager of digital assets, is given the second spot. The organization, which just won a historic battle with the US SEC, is in possession of 643,572 BTC, or roughly $17.2 billion.

The biggest cryptocurrency exchange in the world, Binance, comes in third with 498,147 BTC, while Bitfinex's rival holds 192,508 BTC. Although maintained there on behalf of its users, this BTC is not controlled by Binance, it is important to note. Almost all of the platforms in this list share the same characteristics.

It's interesting to see that the American government is in fifth place. The ruling authority has 175,000 BTC in its possession that were seized from various sources.

The American business intelligence firm, which Michael Saylor, a proponent of Bitcoin, helped co-found, ranks sixth with 152,800 BTC. This summer, it made its most recent acquisition, an extra 420 BTC.

The top 10 list is completed by Block One (140,000 BTC), OKX (118,334 BTC), Robinhood (118,300 BTC), and the Winklevoss twins (70,000 BTC).

The Bulgarian government is one organization that might be included in the aforementioned ranking. In 2017, the ruling body seized more than 200,000 BTC from unauthorized miners. Former Chief Public Prosecutor Ivan Geshev refuted the operation, despite certain media outlets reporting that the seizure had occurred.

The secret BTC stockpile that the government of the Eastern European nation may possess received little attention in the years that followed. Ivaylo Marchev, a member of parliament, tried to bring up the subject once more by requesting specific details on the seizure and the precise location of the property. However, the government obstructed communication, leaving the case unresolved.

In any case, should it control more than $5.7 billion of the most valuable digital currency, Bulgaria might be ranked fourth (just below Binance).

Tuesday, September 12, 2023, News Update

Former PayPal President David Marcus recently discussed his goals for Bitcoin during an appearance on CNBC's Squawk Box. He said his goal is to make Bitcoin a global payment network. The need to use Bitcoin for more than just a store of value was stressed by Marcus, the CEO of Lightning Network infrastructure provider Lightspark.

Marcus emphasized during the conversation how far Bitcoin has come in the last ten years, going from a mysterious digital currency to a well-known store of value and a hedge against inflation. He asserted, though, that Bitcoin might have a considerably wider impact on the world's financial system.

According to Marcus, Bitcoin has the potential to develop into a truly global payment network that is based on the decentralized Bitcoin network but functions similarly to PayPal. He underlined the need for Bitcoin to advance, providing quicker, less expensive, and more effective transactions, opening it up to a wider audience. Marcus has pledged "to doing whatever it took" in his present capacity as CEO of Lightspark to fully utilize the Bitcoin Lightning Network. Marcus continued, "Because it's time for the world to have a global open system for payments.”

Although there are difficulties involved in expanding Bitcoin into a sizable worldwide payment network. Scalability issues with Bitcoin have long been a source of worry. Nevertheless, new technological advancements like the Lightning Network are being made to overcome these problems and improve Bitcoin's capabilities.

Regulation-related obstacles are a major problem. The Bitcoin business is being closely examined by governments all around the world, with varied degrees of acceptance and regulation. Marcus acknowledged the significance of collaborating with regulators to guarantee the legality and compliance of Bitcoin as a system for electronic money. The concept of using Bitcoin as a decentralized, effective, and widely accepted form of payment has the potential to revolutionize the financial sector, making transactions quicker and more accessible on a global level. However, there are still many obstacles to overcome, including technical and regulatory ones.

Tuesday, September 5, 2023, News Update

Bitcoin continues to be volatile, as the price moves up and down on the slightest news. Predicting what the price of Bitcoin will do has become popular, but it is also foolish. Geoff Kendrick, head of cryptocurrency research at Standard Chartered predicted in an April note that bitcoin's value could increase to $100,000 by the end of 2024. Longstanding proponent Chamath Palihapitiya, who predicted two years ago that bitcoin will overtake gold and soar to $200,000, has since changed his mind and said that crypto is a losing proposition.

What do the figures indicate? At the time of publication, the price of one bitcoin is at almost $26,000. Since it stood at $16,606 on January 1st, bitcoin has increased over 50% this year. That suggests that bitcoin is viable. However, if we look at the price of the digital currency over a longer period of time, it is currently roughly 62 percent less than its all-time high, which was set in November 2021 and was $68,990.

Bitcoin occasionally trades in the opposite direction from stocks because some people view it as a safe haven during difficult times, furthering the misunderstanding. Bitcoin sometimes matches the movement of stocks because it is thought to gain from a thriving economy. The moral of the story is that bitcoin is extremely erratic, and at this moment, neither prediction can be proven nor refuted.

Thursday, August 31, 2023, News Update

Bitcoin surged earlier this week after a big win in the courts for Grayscale. Exchange-traded funds (ETF) for bitcoin have been made possible thanks to the D.C. Circuit of the United States Court of Appeals. In a case against the Securities and Exchange Commission, which had rejected Grayscale's request to have its Grayscale Bitcoin Trust become an exchange-traded fund (ETF), the court sided with Grayscale on Tuesday. Other businesses, like BlackRock, that wish to launch bitcoin ETFs may be impacted by the decision. While the bitcoin would be held by a brokerage, a spot bitcoin ETF would allow investors to acquire exposure to the largest cryptocurrency without having to own any of it themselves. It would trade through a conventional stock market. The establishment of a spot bitcoin ETF, in the opinion of many crypto bulls, will result in institutional adoption becoming more widely accepted.

Bitcoin was up nearly 7% on the news. The court stated, referring to exchange-traded products, “The Commission failed to adequately explain why it approved the listing of two bitcoin futures ETPs but not Grayscale’s proposed bitcoin ETP,” the court said, “In the absence of a coherent explanation, this unlike regulatory treatment of like products is unlawful.”

After the SEC denied Grayscale Investments' request to convert its flagship bitcoin fund, commonly known by its ticker GBTC, into an ETF, the company filed a lawsuit against the regulator in June 2022. Grayscale Investments is the manager of the largest cryptocurrency fund in the world. Following the SEC's approval of ProShares' futures-based bitcoin ETF in October 2021, the business made the decision to pursue the ETF, which would be backed by actual bitcoin as opposed to bitcoin derivatives. The SEC stated in a statement, “We are reviewing the court’s decision to determine next steps.”

The verdict from Tuesday, according to a Grayscale spokeswoman, is “a monumental step forward for American investors, the Bitcoin ecosystem, and all those who have been advocating for Bitcoin exposure through the added protections of the ETF wrapper.”

GBTC was the first cryptocurrency product that investors could trade in their brokerage accounts to gain exposure to bitcoin, and as of Tuesday, it managed $16 billion in assets. It was introduced in 2013, years before Canadian bitcoin ETFs and American bitcoin futures ETFs received regulatory approval. Grayscale is a money maker for parent business Digital Currency Group, run by Barry Silbert, thanks to the 2% annual fee it charges investors.

Companies have been requesting spot bitcoin ETFs for more than two years, but the SEC has so far rejected over 30 requests since 2021, resulting in a 100% rejection rate. However, when BlackRock, the largest asset manager in the world with almost $9 trillion in assets under management, submitted an application in June, investor mood improved. All but one of the company's previous 575 ETF applications were approved.

Thursday, August 24, 2023, News Update

The past week has seen a fierce battle in the turbulent world of cryptocurrency markets as prices came under severe pressure. Bitcoin (BTC), which was leading the decline, fell to an alarming $25,400 before sluggishly recovering to $26,000. Despite this brief respite, the crypto industry is still faced with enormous obstacles and shows no signs of a fast rebound.

Market analyst Ali Martinez stated to the media that a capitulation phase for the cryptocurrency phase is "in the air" in light of this slump. The expert pointed out on August 23 that a sharp sell-off among short-term Bitcoin holders is one of the signs of capitulation. Martinez focused on the short-term holder net unrealized profit/loss (STH-NUPL), which is a measure of profit and loss based on short-term Bitcoin investors' actions.

A period of panicked selling and price declines is known as the capitulation of the cryptocurrency market. Investors sell their current positions as quickly as they can during this phase, which causes the price of cryptocurrencies to drop sharply and quickly.

When the period of panic selling activity is done, the surrender phase is complete. Usually, a period of consolidation, marked by sideways price movements, or an upward trend that could signal the start of a bull market come after a capitulation.

Thursday, August 17, 2023, News Update

We are in a HODLing pattern with Bitcoin and other cryptocurrencies at the moment, even with the price of Bitcoin dipping below $29,000 a coin, the only course of action at the moment is to wait as two decisions will go a long way to shaping the crypto market over the coming months. First, the recently released minutes from the July 25-26 meeting of the Federal Reserve show that officials were split when it comes to the issue of further interest rate increases. That dissension within the ranks has led to some concern about the decision making going forward, and another interest rate hike this year could have a deleterious effect on the economy.

The other item to watch is the SEC’s long-awaited decision on Bitcoin ETFs. While they have continued to kick the can down the road, it’s only a matter of time before they are forced to make a decision one way or the other, and there is growing optimism that the SEC will sign off on Bitcoin ETFs by the end of the year. The old guard in the financial industry is wringing its hands at the notion, but early estimates indicate that Bitcoin could end up representing 10% of the entire ETF market in a short period of time.

Monday, August 14, 2023, News Update

Investors that were hoping for a quick resolution with regards to the SEC’s stance on Bitcoin ETFs were disappointed over the weekend. Rather than go ahead and decisively move in a new direction or stay the course, the SEC bravely decided to kick the can down the road. The government agency was required to respond to a Bitcoin ETF from Ark21 Shares on Friday, and they declared that they are delaying the application process in order to gather input from one of the amendments. Indications are that the SEC could wait another six months or so before making a decision one way or another. There are several applications for Bitcoin ETFs in the hopper, and the first company to have a product go to market could have a major advantage over the competition, so this is something to keep an eye on until the SEC makes a firm decision.

The other bit of news to keep an eye on this week regards altcoins. CoinDesk published an article saying that altcoins are likely overdue for a moment in the sun. There is traction building for certain altcoins as the recession led to most crypto investors just sticking with big names like Bitcoin.

Thursday, August 10, 2023, News Update

Crypto mining companies are starting to figure out that there are ways to make money outside of their normal business practices, but the question is how long it will last before the practice is curtailed. Bloomberg reported yesterday that Bitcoin mining company Riot Platforms Inc. made over $13 million in Q2 by selling power credits, and that allowed the company to show very robust profit margins in their quarterly earnings reports. CEO Jason Les stated that it cost the company on average $8,389 to mine a block of Bitcoin, and that’s less than a third of the price of Bitcoin throughout the entire quarter.

There’s a good chance that Bitcoin crosses the $30,000 mark within the next week. There is growing optimism that the SEC will begin to approve Bitcoin ETFs soon, and that is expected to trigger a crypto surge across the sphere. This is a move that people in the crypto sphere have wanted for a long time as it further ties crypto with the market, giving it more stability than it previously had when it was uncomfortably volatile.

Monday, August 7, 2023, News Update

There is plenty of news in the Bitcoin world on Monday. Many of the major finance sites have their own top stories, so let’s take a look at some of what’s happening with the foremost cryptocurrency.

We have seen multiple companies apply for a Bitcoin ETF with the US Securities and Exchange Commission, but none of those applications has proven to be fruitful at this point. However, that hasn’t stopped more companies from trying to get a Bitcoin ETF through the SEC, and the growing consensus is that it’s a question of When rather than If now. CNBC writes that the SEC is scheduled to rule on ARK’s ETF application by August 13, and there will be increased attention given to the SEC’s decision after BlackRock applied for an ETF last month.

Elsewhere, Yahoo Finance reports that we have reached a new high when it comes to long-term Bitcoin investors. A whopping 75% of Bitcoin in circulation is being held in accounts that have not moved the coins for at least 155 days. These HODLers keep Bitcoin from dropping too much in a short period of time, alleviating some of the dizzying price fluctuations that spooked investors in the past.

Thursday, August 3, 2023, News Update

There was some bad news in the Bitcoin world this week. As is the case anytime we see a rise in interest rates, investors started to sell off their commodities. That hit the altcoin market very hard, but in a testament to its endurance, Bitcoin wasn’t touched that much over the last few days. While its price is once again below $30,000 a coin, its fluctuation was more in line with the stock market than other cryptos. That’s a good thing to see if you believe in the underlying promise of Bitcoin as a legitimate option to fiat currency.

Elsewhere, the United States credit rating was downgraded from AAA to AA+ by Fitch, and that had an adverse affect on the global stock market. The NASDAQ had its worst day in five months, and the Nikkei 225 Index ended up having its worst day of 2023. Fitch’s reasoning behind the downgrade was due to the haggling over the debt ceiling and the January 6 storming of the US Capitol. That has some investors thinking the most powerful country in the world might be primed for a fall, and the financial world will be watching the 2024 elections very closely as a result.


In January 2009, Bitcoin was created by Satoshi Nakamoto. The identity of Nakamoto remains hotly debated to this day, but that person or group changed the world with this invention. Like many major breakthroughs, it took a while for people to grasp why Bitcoin was special. Bitcoin was created in the midst of the banking crisis, and one of its major goals was to give people another option to buy and sell products outside of a heavily regulated and centralized banking system.

The first entities to fully embrace Bitcoin were black market enterprises like Silk Road. For a while, Bitcoin became synonymous with the notorious website, but its use became more and more widespread starting in 2013.

That led to the price of Bitcoin skyrocketing and reaching incredible heights in 2017. On January 1, 2017 a single Bitcoin was worth $998, but that price rose by nearly 20-fold near the end of the year, hitting an all-time high of $19,666 on December 17, 2017. Bitcoin has left those prices in the dust in 2021, as the price of Bitcoin is approaching $50,000.


One of the major criticisms of Bitcoin is that the currency wildly fluctuates and that has proven to be true in 2021. As Bitcoin has become more accepted and understood, investors are getting a better understanding of what leads to price changes, and that has led to the Bitcoin market looking a lot like the stock market.


There have been fears over how secure Bitcoin is over the years, but transactions are even more secure as they are in the traditional marketplace thanks to blockchain technology.

Whereas we are constantly hearing stories of companies having their databases hacked and identities being stolen, the nature of blockchain presents this from happening with Bitcoin.

For a transaction to occur, the sender must know their private key and digitally sign the transaction, and the signature must be verified by the network using the public key. The number of private keys makes it nearly impossible to hack into another person’s account, but there is one thing to keep in mind. You MUST keep your private key backed up somewhere or else you will lose access to your Bitcoin. Don’t make the mistake of not backing up your private key and risk losing your hard earned money.

How do I buy Bitcoin?

You can buy Bitcoin by using one of the major currency exchanges such as Coinbase or Gemini. These exchanges allow you to use a credit or debit card or bank transfer to buy Bitcoin. You can then send Bitcoin to your sportsbook account and you can withdraw Bitcoin from your sportsbook account to your digital wallet. offers Cryptocurrency as an easier, cheaper, safer and more reliable option for deposits and withdrawals. BookMaker Sportsbook is now accepting more than 60 cryptocurrencies for daily transactions. Cash in on the crypto craze while taking advantage of BookMaker’s great Bitcoin bonuses!

Along with Bitcoin, the cryptocurrency list that now accepts includes Bitcoin Cash, Ether, Litecoin, Monero, Dash, FirstBlood, Aragon, Basic Attention Token, Bancor, Blackcoin, Bitchares, Civic, Clams, Decred, Digibyte, Dogecoin, Edgeless, EOS, Ether Classic, Factoids, FunFair, GameCredits, Gnosis, Golem, Matchpool, Komodo, LBRY Credits, Namecoin, NEM, Numeraire, Nxt, OmiseGo, Potcoin, Augur, Reddcoin, IExec, Salt, Saicoin, Status, Startcoin, SingularDTV, Swarm City, WeTrust, Vericoin, Vertcoin, Waves, Wings, Ripple, Zcash, 0x, Bitcoin Dark, DigixDao, district0x, Emercoin, Iconomi, lisk, Maidsafe, Omni, Nubits, Novacoin, Tenx, Peercoin, Qtum, StorjX, Steem, TokenCard, Tether, Voxels and Counter Party.

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