Bitcoin (BTC) recovered above the $19,000 mark on Sept. 20, a day after falling to its lowest level in three months.

On the daily chart, the BTC price rose from $18,255 to $19,650. This 7.5% price rebound mirrored similar rebound moves witnessed in the stock market, suggesting that investors have been coming to terms with another significant rate hike by the Federal Reserve expected on Sept. 2021.

However, opinions differ on the longevity of Bitcoin's rebound. Independent market analyst Jonny Moe stressed that BTC's ongoing price action is similar to its sideways consolidation moves at the beginning of this year.

In other words, Bitcoin's current price rebounds around the $20,000 mark do not make a long-term bull case.

Rudy Takala, former Fox News executive and opinion editor at Cointelegraph, also warns crypto traders to prepare for more "dark times" due to worsening economic conditions globally.

On the other hand, some analysts believe Bitcoin is staring at a strong bullish reversal in the times ahead. Let's take a closer look at the three optimistic market outlooks.

Bitcoin's Sept. 20 candlestick is a bullish hammer, which suggests weakening downside momentum, according to pseudonymous analyst Trader Tardigrade.

A bullish hammer candlestick forms when the asset drops significantly lower from its opening value but recovers to close near the same level. Traders see the hammer as a sign of bearish rejection, given its history of preceding market bottoms.

Trader Tardigrade applies the same theory to Bitcoin's recovery move on Sept. 20, noting that its bullish hammer may usher in a reversal.

Another technical signal that anticipates Bitcoin to rebound sharply is the Pi-Cycle bottom.

Specifically, the open-source indicator tracks twolong-term simple moving averages (SMAs): the 471-day SMA and the 150-day EMA. History shows that Bitcoin price bottoms out for the market cycle when the 150-day SMA crossed below the 471-day SMA.

Meanwhile, the price heads for a strong bullish reversal in the days leading up to and after the 150-day SMA closes above the 471-day SMA. Pseudonymous analyst, Titan of Crypto, highlighted that Bitcoin is eyeing a 150-471 SMA bullish crossover sometime by 2023.

"1st cross occurred in July," he noted, adding:

Aurelien Ohayon, the CEO of investment strategy firm XOR Strategy, anticipates Bitcoin to reach $45,000 by early 2023, arguing that BTC price has been following the popular Wyckoff Cycle pattern.

Related:FED sledgehammer will further batter BTC, ETH prices Bloomberg analyst

A Wyckoff Cycle has four phases:accumulation, markup, distribution and markdown. After the markdown phase, the cycle repeats with the accumulation phase, which, as Ohayon points out, is the case with Bitcoin's ongoing price rebound.

"Bitcoin is entering the Final Bullish Phase of the Wyckoff Cycle," the analyst concludes.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

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Bitcoin analysts give 3 reasons why BTC price below $20K may be a 'bear trap' - Cointelegraph

It's been a strenuous year for the crypto business. After hitting a high of more than $68,000 in November 2021, bitcoin has plunged to hover around $20,000.

But for long-term ETF investors, some experts advise to take crypto's comedown in stride.

"If you're going to do this right, then what's been happening in the past nine months is totally irrelevant," Ric Edelman, founder of Edelman Financial Services, told Bob Pisani on CNBC's "ETF Edge" on Monday.

"If you're investing for the next five to 10 years, this is just an ordinary blip in the marketplace, and you ignore it," he added.

But with bitcoin coming off a nearly two-year low, the short-term temperaments are being met with a mix of positive and negative factors that are guiding where the crypto community goes from here.

"It's a really dynamic moment in the market," Matt Hougan, CIO of Bitwise Asset Management, told Pisani on Monday.

A massive technical upgrade in ethereum is a constructive force for the future of the world's second-largest blockchain, Hougan said. A wave of institutional investors coming into the market, and an influx of venture capital activity are also forward-looking indicators for crypto's future.

On the flipside, regulatory pressures from the Federal Reserve and the Securities and Exchange Commission are working against it.

"That's creating this volatile market where crypto is going up and down and can't quite figure out which way to go," Hougan said. "And I think we're probably stuck there, at least through September."

Edelman explained that for institutional investors to engage with Wall Street firms, endowments and pension funds, regulatory and legislative rules need to be in place.

"The adults in the room recognize that regulation is a good thing," Edelman said. "Right now, we have 1% engaging in crypto. You're not going to get the other 99% until they have clarity on what the rules of the road are.

"We're seeing new rules coming out from the Treasury, IRS, FINRA and from the Fed," he said. "And from the SEC and CFTC. We've got over 50 bills in Congress right now. And all of this is very healthy."

SEC Chair Gary Gensler has said the agency should have a major enforcement role in crypto, particularly for tokens. In a speech this month, Gensler sounded a warning signal to organizations he believes are violating existing securities laws, asking staff to possibly "fine-tune compliance for crypto security tokens and intermediaries."

"I think there was a pretty direct threat against crypto trading venues large-scale entities like Coinbase," Hougan said. "They're clearly on his horizon."

In July, shares of the crypto firm tumbled after it was announced that it was facing an SEC probe into whether the platform offered unregistered securities.

"I'm happy to say it again and again: we are confident that our rigorous diligence process a process the SEC has already reviewed keeps securities off our platform," said Coinbase's chief legal officer Paul Grewalon Twitter.

Proposals for more SEC oversight of the crypto community are likely to be met with hostility from the community itself, although the agency has already taken steps to enforce its regulatory agenda.

In February, the SEC charged BlockFi Lending with failing to register the offer and sale of its retail crypto lending product. The firm agreed to settle the charges, paying a $50 million penalty and ceasing unregistered offers and sales of the lending product.

"A year from now, the large trading venues will be in the process of registering with the SEC," Hougan said. "I think individual tokens, it's a much longer term."

Although the speculative assets have a challenging path forward, Edelman said the number of people who own cryptocurrencies continues to be a steadily rising figure.

"What's interesting is that, despite the fact that [Coinbase is] down 70% from its high, the number of people who own it is unchanged," he said. "Which means that those who wanted are not fazed by this."

Beyond the crypto community, rates of adoption from large investment firms demonstrate that digital currencies are being embraced by Wall Street, Hougan said.

"Blackrock and Schwab coming in reinforces to everyday investor that bitcoin is not going away," Hougan said. "I think that's now been settled. It's now how big is that future."

Original post:
Turning point for the crypto community? Where bitcoin goes from here - CNBC

The sugar high of the Ethereum merge on Thursday led into a dour weekend of red for both the newly miner-free ETH and top crypto Bitcoin.

Ethereum is down from its pre-merge perch of $1,580 to $1,335 as of this writing, following a steep drop of 6% within hours of the merge and down 15% overall late Sunday.

Bitcoin, meanwhile, fell to $19,414 on Friday, and saw a brief rally take it above $20,000 on Saturday. The boost was shortlived, however, with the largest cryptocurrency by marketcap returning to its Friday lows as the weekend drew to a close.

Ethereum was down 22% for the week, and Bitcoin was down 10%. The declines echo a similarly down previous week in which overall economic metricsranging from the Consumer Price Index to traditional market indicators Nasdaq and the S&P 500also fell.

But Ethereum's sinking fortunes following the merge belies some analysts' assertions immediately following the upgrade that the impact of the merge on the value of ETH had already been priced into the market.

Prior to the conversion, some had even predicted a "merge surge," But the momentary jump in the price of ETH quickly evaporated. Prominent crypto Twitter commentator Doctor Profit announced today that he had sold all of his Ethereum.

The weekend also brought reports of the first "replay attack" targeting the Ethereum and the recently hardforked EthereumPoW blockchains. As with the invalid blockchain setting that briefly delayed the launch of ETHW, this exploit was caused by the failure to verify the chainlink ID to determine on which blockchain a transaction was taking place.

As for Bitcoin, its total market cap was headed back toward its six-week low of $18,661 on Sept. 6, territory it hasn't touched since the end of June. Bitcoin's total market cap was back below $375 billion on Sunday, a threshold last breached on Sept. 6 and not since July 13 before that.

For his part, Doctor Profitwhose main claim to fame is predicting $18,000 as the "ultimate bottom" for Bitcoin as early as April 2021said that "the bottom is being formed" with a likely prince range of $18,000 to $25,000 through next March.

But a lot hinges on the next move announced by the U.S. Federal Reserve, he warns. While Doctor Profit feels Bitcoin's price can withstand a 0.75 basis point increase in interest rates, a full 1 basis point will mean "we see blood."

"Once the FED decides the great reset, all of us will be fkd," he tweeted.

The last Federal Reserve meeting in July yielded a 0.75% increase. The next meeting, set for Sept. 21, will likely bring another increasethe main question being how big an increase. Some are expecting Federal Reserve Chairman Jerome Powell to announce a full percent hike.

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Ethereum, Bitcoin Slide Further Through The Weekend - Decrypt

This is an opinion editorial by Mickey Koss, a West Point graduate with a degree in economics. He spent four years in the infantry before transitioning to the Finance Corps.

Much like my writing contributor role at Bitcoin Magazine, I found Bitcoin indirectly and by accident. I was in a command position at the time, when one of my communications soldiers told me about a GPU miner he had been earning passive income with.

I found a helpful eBay seller who premade GPU rigs and helped you set them up with a profit switching software nice guy. Ive been cloud mining shitcoins for anons in exchange for bitcoin with NiceHash ever since.

Soon after, the COVID-19 lockdowns and stimulus packages began to flow. All in all, my wife and I went from zero bitcoin to essentially all-in in the span of about 3 months. And the rest as they say, is history.

For a while I had been feeling unfulfilled at work. I have a largely bureaucratic job that tends to wear on me from time to time. So I decided it was time to have something to look forward to.

During my lunches and free time I began trolling through LinkedIn using Bitcoin as the search criteria. I had no idea there were so many companies. Eventually I stumbled on one in particular that sounded interesting: Bitcoin Venture Capital (not the company name). Why pick one company when you can work with a bunch of em.

I emailed them. Why the hell not? The worst they could do was ignore me. And to my astonishment, they did not. Unbelievable considering what I sent them:

Hey Im stuck in the Army for a few years but I think Bitcoin is cool and would like to help you guys out if I can. (Not verbatim but you get the point).

I still speak with one of the guys there, almost weekly. He has selflessly and enthusiastically linked me up with every veteran related Bitcoiner in his Rolodex. Ive spoken to CEOs, Podcast Hosts, founders, and other VCs.

Not only have I made a valuable connection with someone who wants to help me get a job when I get out, I also made a friend. One of the few friends I have who understands bitcoin, and who shares common and deeply held values.

All this, because I got bored one day and decided I was tired of it.

I am not special. Just a normal guy who likes bitcoin. I actually stumbled on the article submission link for Bitcoin Magazine when trying to find their customer service information. I took a chance and sent an email, and a dozen plus articles later, here I am, still having fun.

I consider this my proof of work resume for a proof of work community. I would tell you that its not easy, but much of the time it actually kind of is because its fun and I enjoy doing it. All of my articles except the first have been written on my cell phone in the Google Docs app. A nontrivial portion has been written on the couch with the kids while watching Bluey. Several have been written in less than an hour. Some have taken days or weeks of thought to get them to the point where I want to submit.

Ive had several rejected. The first time immediately following my first article. It doesnt feel great, but I enjoy the puzzle of articulation, so I just kept going. Why the hell not?

One article in particular even went a little viral on Twitter because apparently they didnt like it too much. I stand by my claims.

Link to embedded Tweet.

Ironically, the same article they shat on is the same article that got me an unsolicited job offer from a Bitcoin startup founder and CEO. Its crazy how the world works sometimes.

One of my favorite Jordan Peterson phrases is that if youre bored by a conversation with someone its probably your fault. I find most people endlessly fascinating. Im sure you are too. If youre unhappy or bored or ready for a change, why not go for it. Email some people. Write some articles. You cant change your life if you dont make a change. Put yourself out there and build your own proof of work portfolio. Whats the worst that can happen?

This is a guest post by Mickey Koss. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc. or Bitcoin Magazine.

The rest is here:
Join The Permissionless Bitcoin Community - Bitcoin Magazine

Bitcoin [BTC] can be considered as one of the worst hit tokens since the Ethereum [ETH] Merge last week. The token even dived to its three-month lows since last week as it crashed to below $18,500. However, at the time of writing, BTC did witness a major uptick as the price surged by 4.7% to stand at $19,400. Despite climbing back above $19,400, the sentiment around BTC looks negative.

As per Santiment, social trends in the last week have taken a major turn. Cryptocurrencies such as ETH and Cardano [ADA] have seen a massive uptick related to their respective upgrades.

However, one of the fatalities of this narrative has been Bitcoin, as it saw a sharp decline of 17.5% in social volume. Historically, a higher social trend has always appreciated Bitcoins prices in the short-run at least.

One of the major bearish remarks for Bitcoin is the fading of buy the dip calls in the market. As Santiment reported, traders were earlier bragging about buying the dip but the situation has changed since. The update also claimed there is polarization in the market.

As reported earlier, the sell-off has been expected in the market after heavy coin inflows into exchanges. Between 7 September and 14 September, 1.69 million BTC that stood to be worth $33.5 billion was sent to exchanges. According to Santiment, this was the highest BTC volume moved since October 2021.

However, another factor is beginning to open the cracks in Bitcoin. Per a recent Glassnode update, Median Transaction Volume (7d MA) just reached a two-year low of $469.39. This showed a reducing trend around Bitcoin favouritism in the crypto market. For any major upturn in fortunes, there is now a desperate need for Bitcoin to ramp up volume.

Furthermore, crypto enthusiast and co-founder of Reflexivity Research, Will Clemente, provided an overdue optimistic update for the Bitcoin community. He stated that despite a major 60% fall in prices since last year, 65% of Bitcoins supply did not move in same period.

This has further incentivized the sentiment regarding Bitcoin to curb the bearish influences. This means that BTC long-term holders still believe in the token since they are yet to exit their positions.

Perhaps, the future of Bitcoin is the biggest mystery in the crypto market at the moment.

Read the original post:
Bitcoins fragility of the moment has affected this BTC HODLer motto the most - AMBCrypto News

The Cryptocurrency market has wiped out a majority of liquidity established during the summer. Still, the sell-off leaves trails of optimism despite the loss of market value.

Bitcoin price has investors on edge as the peer-to-peer digital currency has fallen below $20,000. The recent breach established a new low for September at $18,271 and wiped out all of the previous swing lows dating back to July 2022.

Bitcoin price currently auctions at $19,224. The bulls were able to print a hammer candle on the 2-day chart, which is an optimistic gesture during the downtrend. A Fibonacci retracement tool surrounding the previous 20% uptrend in September shows the hammer closing below the 61.8% retracement level.

BTC USDT 2-Day Chart

Closing beneath the key Fib level could be a warning for bullish traders not to get too ambitious aiming for higher targets. The Volume Profile indicator compounds the need for caution as the hammer candle shows low volume compared to the previous June 18 candle, which induced the 40% summertime rally. Hammers also generally should be followed by a green candle with a positive close for confirmation which does not look to be the case at the time of writing.

In the short term, BTC could re-route north into $21,200 and $21,600 based on the price projections of the recent 2-day candle. A breach above the 61.8% Fib level at $20,059 could be a signal for a sidelined trader to enter the market. A stop loss could be placed beneath the new low at $18,271, although the safest invalidation would be the June 18 swing low at $17,592.

In the following video, our analysts deep dive into the price action of Bitcoin, analyzing key levels of interest in the market. -FXStreet Team

Ethereum price is enticing sidelined investors to begin entering the market. On September 19, the bears successfully breached the previous swing low established in August and the June 26 swing low at $1,352.The bears forged a new low for September at $1,280. Shortly after the liquidity hunt, the bulls retraced half of the decline, leaving investors puzzled as to what might occur next,

Ethereum price currently auctions at $1,349, A Fibonacci Retracement indicator surrounding the largest upswing within the clients summertime rally shows the recent sell-off as just a 61.8% retracement. The Relative Strength Index hovers in the ideal territory for a market bottom. Still, it has a few ticks of space left to fall based on previous bottoms throughout Ethereum's trading history. The Volume Profile Indicator remains relatively low amidst the sell-off adding further weight to the idea that the downtrend is a correction that will eventually get reversed.

ETH USDT 2-Day Chart

Still, the Ethereum price has space to fall. The safest invalidation of the uptrend thesis at the current time is a breach below the June 12 swing low at $1006. This provides enough wiggle room for investors to avoid any last-minute liquidity hunts before the next anticipated Ethereum bull run takes place.

In the following video, our analysts deep dive into the price action of Ethereum,analyzing key levels of interest in the market. -FXStreet Team

Ripple's XRP price is on the brink of glory or destruction. The digital remittance token has rallied 20% since its previous decline during September 12's CPI release. Still, the uptrend has not been easy as it has produced strong pullbacks with large influxes of volume along the way.

XRP price currently hovers above a broken parallel channel surrounding the first impulsive rally of September. The gesture is very wave-3-like, which could prompt a sharp move towards $0.45 if $0.41 were to get tagged. Still, the current price action is in its early stages, which bears a serious risk if incorrect.

XRP USDT 2-Day Chart

The bearish scenario suggests the current uptrend is an ABC correction of a previous leading diagonal, Thus the $0.041 origin point of the diagonal is the line in the sand to invalidate the bearish scenario.

A buy stop could be placed at $0.41. If the bulls breach this level, an impulsive rally should occur, with the first target at $0.45. Such a move would result in a 20% increase from the current XRP price.

In the following video, our analysts deep dive into the price action ofRipple, analyzing key levels of interest in the market. -FXStreet Team

Go here to see the original:
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: The Interminable Bottom - FXStreet

Bitcoin may not be as popular as advertised, according to a new study.

More than half of the reported trading volume on 157 crypto exchange sites is misrepresented or fake, according to a study published in Forbes magazine.

Forbes estimates the global daily bitcoin volume for the industry was $128 billion on June 14. That is 51% less than the $262 billion one would get by taking the sum of self-reported volume from multiple sources, the study reads.

The study says the biggest problems come from a lack of regulation, pointing out that the least regulated exchanges account for $89 billion of bitcoin volume while claiming to make $217 billion.

Experts point to wash trading, the act of selling an asset to yourself in an attempt to inflate the value of that asset, as the culprit for the discrepancy in value.

Cryptocurrency has come under fire for rampant wash trading before. NFT tracking site Cryptoslam found in April that 95% of transactions on the NFT trading platform LooksRare were wash traded.

SEE ALSO: Morgan Stanley pays a $35M fine for exposing the data of millions of customers

In some cases trading bots execute these wash trades in tokens, increasing volume, while at the same time insiders reinforce the activity with bullish remarks, driving up the price in what is effectively a pump and dump scheme, Forbes wrote.

The less than transparent nature of cryptocurrency exchanges casts more doubt on the stability of the new financial market. Bitcoin, the most well-known and widely traded cryptocurrency, suffered a major crash in value this year. One year ago today, one bitcoin was worth more than $43,000. The price has plunged to just over $18,000.

Still, despite concerns about stability and lack of transparency, about 573 million people visit cryptocurrency exchange sites each month, the report found.

See the rest here:
Half of all bitcoin transactions are fake, new study finds - Washington Times

Bitcoin (BTC) falling lower to the $18,500 level has struck the market by surprise while retail and institutional investor interests are taking a peculiar turn.

Bitcoin has maintained its rangebound price movement under the psychological barrier at the $20,000 mark. As long-term trends presented a rather skewed picture of the larger cryptocurrency market certain trends pointed towards higher volatility and market skepticism in the near term.

Over the last few weeks, the anticipation of the Ethereum Merge largely overshadowed the diminishing institutional interest in the top crypto asset as significant price swings became a norm.

On Sept. 19, BTC traded at a daily low of $18,232 but managed to make a recovery above the $19,000 mark. However, a worrying sight was that the market volume of the Grayscale Bitcoin Trust (GBTC) fund garnered very low interest from institutional investors.

GBTC is the leading player in the Bitcoin market among similar institutions. GBTCs fund market volume shows almost no interest among corporate (institutional) players. Usually, such diminishing interest trends highlight that BTCs price is prone to fall or is in a distribution phase.

On the contrary, a sudden rise in the fund market volume could lead to a parabolic price rise. For now, though, the number of large transactions, as per data from IntoTheBlock, also made a downward slope highlighting that large entities and bigger transactions were on a decline alongside the BTC price.

Fewer large transactions happening on the network further point toward lower activity from institutional investors or large market entities.

Bitcoin charted an uptick in price towards the upper $22,700 price level on Sept. 13 as investors and traders anticipated further gains. However, a quick u-turn amid lower retail volumes brought BTCs price back to the $19,000 range.

At press time, BTCs next solid resistance levels stand at the $20,000 and $21,500 mark. Bitcoins price would need a quick push from bulls to establish itself comfortably above these key resistance levels.

Nonetheless, a positive sight in investors eyes is the high trade volumes on exchanges, indicative of continued retail interest in BTC. However, for long-term price growth, BTC would need additional support from institutions which is lacking at the moment.

DisclaimerAll the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

Read more here:
How the Bitcoin Price Might React as Institutional Interest Diminishes - BeInCrypto

The best Bitcoin casinos have blown away the traditional casinos in every way possible - with instant payouts, zero transaction fees, and unique games & promos.

After spending hours sifting through each of the most popular crypto gambling sites, we have prepared a list of the top-rated ones.

Spoiler alert: Bitstarz is the best Bitcoin casino right now. But there are as many as 17 BTC casinos worth checking out!

Lets begin.

Pros:

Cons:

If you want to play at the best online Bitcoin casino, then Bitstarz should be the first place that you check out.

It stands out in the online casino industry for having won various awards and more than 4,000 total games.

Lets see why it climbed to the top of our list.

Cryptocurrency Adoption: 5/5

Compared to typical crypto casino sites, Bitstarz has a high level of cryptocurrency adoption.

This is because you can deposit with many different cryptocurrencies. Bitstarz accepts deposits in Bitcoin, Bitcoin Cash, Litecoin, Ethereum, XRP, Dogecoin, Cardano, and Tron.

We also liked that Bitstarz is 100% transparent with the casino game results. This makes it a great option if you want to play at a provably fair online casino where its impossible to manipulate results.

Welcome Bonus & Promotions:5/5

When you sign up as a new player at Bitstarz, you can play Bitcoin casino games with a bonus of up to 5 BTC. You will also get 180 free spins on top of that.

Outside of the welcome promo, Bitstarz is known to offer some of the most rewarding bonuses - including a Tesla giveaway at the time of writing.

Slot Games: 4.8/5

There are currently over 1,000 different slot games at Bitstarz.

Some of our favorites include Wild Spin, Dragon's Element, and Elvis Frog in Vegas. There are also some great exclusive titles, including Wild Crowns, Bitstarz Billion, and Book of Helios.

In addition, we found lots of great progressive jackpots on this site. At the time of writing, the top jackpot was worth over 11 BTC on Master of Starz. We found more than 50 other active jackpots when doing this review!

Table Games:4.9/5

The table games offered by this site include great options for both single-player and multiplayer live casino games such as blackjack and roulette. Note, however, that you won't be able to access the live dealer games if youre playing from certain countries.

Some of the most fun virtual games we found included Texas Hold'em, Rocket Dice, and Double Exposure. There are also some exclusive in-house titles like Dice, Plinko, Wheel, and Limbo.

Click here to get started at Bitstarz

Pros:

Cons:

Looking for the biggest variety of BTC games? Then 7Bit should be the top online crypto casino for you to check out first.

The first deposit bonus you get on this site can rack up to 1.5 BTC. There are also up to 5 BTC up for grabs throughout four deposits.

7Bit has a high level of cryptocurrency adoption, plenty of different game software providers, and high pots on their jackpot slots. It also has lightning-fast live chat support that is available 24/7.

Cryptocurrency Adoption: 5/5

Compared to most crypto casinos, we found that more users will be able to deposit using their favorite crypto on this site.

There are a total of 8 different cryptocurrencies that you can deposit and play with at 7Bit, including Bitcoin, Litecoin, Ripple, Bitcoin Cash, Dogecoin, Ethereum, Tron, and USDT.

Welcome Bonus & Promotions:4.9/5

7Bit offers more generous bonuses than most Bitcoin gambling sites.

There is a potential total of 5 BTC that you can claim on this site after making your first four deposits.

Therefore, if you want to play crypto casino games with a nice boost to your bankroll, this is one of the best Bitcoin casino sites to sign up to.

Slot Games: 5/5

7Bit has the best collection of different slot games.

There are over 1000 different options, including Gold Rush with Johnny Cash, Penny Pelican, and Big Atlantis Frenzy. Our favorite game is All Ways Egypt, for having a fun theme and interface that is unique compared to other Egypt-themed slots.

At the time of writing, Book of Atem, Sherlock & Moriarty, and Wheel of Wishes had the highest pots available. There were active jackpots of over 6 BTC on each of these games ready to be won.

Table Games: 4.9/5

We found 14 different video poker variants, 17 blackjack titles, 16 roulette wheels, and 11 different baccarat games in the table casino games section of 7Bit.

Other options include Go Go Magic Dog, Sic Bo, and Wild Texas. Onetouch also provides a live lobby for games like blackjack and roulette - but they are only available in certain countries.

As a whole, 7Bit has plenty of different table casino games that will suit the needs of most gamblers.

Click here to get up to 5 BTC at 7Bit

Pros:

Cons:

Red Dog is another one of the best Bitcoin casinos for bonus hunters.

It stands out for having an extensive list of different welcome bonuses. One of our favorites will give up to $12,250 in total.

In addition, any transaction that you make here will not have any transaction fees. Since converting cryptocurrencies can already be expensive enough, this is a great bonus for those who want minimal fees when depositing onto the platform.

Cryptocurrency Adoption: 4.6/5

We think Red Dog does a suitable job accepting different cryptocurrencies, but there isn't much support for altcoins. Currently, the only options are Bitcoin, Litecoin, Ethereum, and USDT.

Unlike Bitstarz and 7Bit, though, this isnt a crypto-only casino - meaning that you could also use your credit card to make a deposit if you wish to do so.

Welcome Bonus & Promotions: 5/5

As we have mentioned, the feature that stands out the most with Red Dog compared to other Bitcoin casinos is that there are over 20 different promotions that you can choose from!

Our favorite bonus can be activated using the bonus code "WAGGINGTAILS". You will get a 225% welcome bonus package up to $12,250 in total.

Outside of the welcome promo, theres a bonus whenever a new game is added to the library, and you can also get a 24/7 reload bonus offer.

Slot Games: 4.3/5

There isn't a high total number of slot games available at Red Dog, but its clear that they went for a quality-over-quantity approach.

Youll find about 120 different slots to play here. They are all made by RTG, which is one of the most trusted authorities for creating fair slot games.

Therefore, this is an excellent online casino to check out if you want to focus on unique slots and the latest titles by this provider. However, the highest jackpot at writing was only about 2.2 BTC, which is lower than most Bitcoin casinos.

Table Games:4.8/5

If you like table casino games, you will find most of your favorite casino classics at Red Dog.

Currently, some of the top options include Tri Card Poker, 21 Blackjack, and Joker Poker. The only thing that we would improve is adding some other games such as craps.

This casino also has a complete collection of live casino games, including blackjack, roulette, baccarat, and Super 6.

Click here to claim up to $12,250 at Red Dog

Pros:

Cons:

Slots fans should head to Punt Crypto Casino. It features some of the best variety and great filtering criteria for slot games, letting users narrow down their options at an exact level.

The site itself is also very well designed and easy to navigate.

Cryptocurrency Adoption: 4/5

We would like to see Punt Casino improve its total level of cryptocurrency adoption. You can only deposit using Bitcoin, Bitcoin Cash, and Litecoin.

Compared to other Bitcoin casinos, this is a somewhat low number of total cryptocurrency deposit methods, even though the major coins are still accepted.

Welcome Bonus & Promotions:4.7/5

Punt Casino offers a total welcome bonus package of up to 6 BTC and 100 free spins on top of that.

We like how this welcome bonus allows you to deposit using Bitcoin, Litecoin or Bitcoin Cash to get the total bonus amount.

It's also worth pointing out that the deposit bonuses are calculated using fiat currency instead of Bitcoin. Therefore, it can be challenging to know how much BTC you need to deposit to get your targeted bonus amount - but at least you can see the exact bonus value right away on the site.

Slot Games: 5/5

Punt Casinos library of slot games is constantly evolving and improving at a higher level than traditional online casinos.

Some of our favorite games include Plentiful Treasure, Cleopatras Gold, and Sweet 16.

You can quickly choose between slots based on jackpot, theme, reels, the most popular, by the date added, and more using the bountiful number of different filtering criteria.

Table Games:4.2/5

Since there are no online live dealer games, the table casino game section is lacking. Currently, you can play variants of video poker, blackjack, and roulette. Other casino classics are not offered here.

That being said, we do like how they have some rare specialty games like Fish Catch, Banana Jones, and keno.

To improve this score, this casino needs to consider adding its own dedicated live dealer games.

Click here to get started at Punt Casino

Pros:

Cons:

If you want to play at an online casino that lets you connect & deposit instantly using your favorite web3 wallet, BC.Game is the best overall online gambling site to check out. This casino instantly connects with MetaMask or any WalletConnect web3 wallet.

There is a nice community of users that you can chat with any time on the right-hand side of the site.

Cryptocurrency Adoption: 5/5

This online gambling site is lightyears ahead of any of the other best crypto casinos mentioned on this page regarding total crypto adoption.

Just connect your wallet, and you can play with Bitcoin and most other altcoins.

The only exception to note here is for altcoins with particularly low popularity. If you are a microcap holder, then you likely won't be able to use your favorite tokens. However, the vast majority of crypto holders will be able to play without converting any of their tokens.

Welcome Bonus & Promotions: 4/5

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Best Bitcoin Casinos: Reviewing the Top Bitcoin Casino Sites Online (2022) - KSHB 41 Kansas City News

Arman Shirinyan

Confrontation between Ethereum and Bitcoin maxis sparked once again, and topic is decentralization

One of the biggest updates on the cryptocurrency market that made PoW on Ethereum obsolete has also sparked discussions about the problematic topic: which network is more decentralized at this point?

U.Today has recently covered the distribution of staked Ethereum on the network and the worrying picture it paints as the biggest holder of the coin on the network may not be as decentralized as it seems at first.

The other large portion of staked Ethereum is held by centralized exchanges that hold around 30% if combined. However, Bitcoin maxis that paint the network as more decentralized have their own issues with the dominance of certain mining pools.

According to Van Ness, most blocks on Bitcoin have been mined by only two pools: Antpool and Foundry, which are the two biggest entities on the whole network. Seven hundred sixteen of the last Bitcoin blocks were built by four entities: Antpool, Foundry, F2 and Binance.

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While distribution among Bitcoin mining pools may seem unequal, it certainly looks healthier than Ethereum. Most of the hashrate is redistributed among five entities: Antpool, Foundry, F2, Binance and ViaBTC. First place corresponds to 24% of the network's hashrate, while the last one accounts for 9.4%.

The situation with proportions on Ethereum is different; while first place holds more than 30% of the staked Ethereum, fifth is left with only 2.2%. Technically, Lido may increase its stake on the network and reach the dangerous 50% limit, which may cause serious problems for both validators and investors.

However, new validators will most likely choose pools and exchanges with less dominance in order to avoid potential centralization issues.

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Bitcoin Is More Centralized Than Ethereum, Implies Evan Van Ness - U.Today