Bitcoin’s price still fails to indicate any form of strength, even after crashing by more than 70%. The price is currently on a slow decline after a small rebounding from the $17.5K a couple of weeks ...
Category: Bitcoin
Live Bitcoin News Updates.
Is Bitcoin really cheap at $19,000? Assessing if it could go further down
El Salvador’s president Nayib Bukele announced on 1 July that his country added 80 Bitcoin [BTC] to its balance sheet. He also noted that the purchase was made at $19,000 per BTC, a price level that h...
CFTC Serves Lawsuit Against South African Company Over $1.7B Bitcoin Fraud
In a recent lawsuit, the CFTC has revealed what it considers the single largest Bitcoin fraud case, involving South Africa’s MTI. The Commodity Futures Trading Commission (CFTC) has filed a lawsuit ag...
‘Big Short’ Michael Burry Says Bitcoin Crash Is Only Halfway Through
Michael Burry, the co-founder of Scion Asset Management, predicted on Twitter that the market fall is about halfway through. Pointing to the massive downfall in the S&P 500, Nasdaq, and Bitcoin pr...
Fed alerts about Inflation: Bitcoin plunges to $19K
After central bankers repeated their inflation worries at the European Central Bank’s annual event on Wednesday, bitcoin slid around $19,000 throughout the Asian afternoon. US equity market futu...
Bitcoin (BTC) Reaches First Ever Close Below 50-Month Moving Average
Bitcoin (BTC) created its first higher low since June 18, but has yet to break out from a horizontal and diagonal resistance level. BTC has been falling since reaching an all-time high price of $69,00...
Bitcoin Bottom Not In, Solana (SOL) Price To Crash 40%
Crypto expert Justin Bennett cautions that two virtual currencies are under tremendous stress as markets continue to fall. Beginning with Bitcoin (BTC), expert believes that the mainstream cryptocurre...
Bitcoin Closes June Below $20K, BlockFi Acquisition Rumors Spiral, MSTR Buys the Dip: This Week’s Crypto Recap
It’s been another seven days of declines and choppy price action for the cryptocurrency market, which ended up losing around $50 billion of its total capitalization. Bitcoin closed its worst quarter i...
Crypto Exchange Coincoinx to Launch Crypto to Fiat Payments App in Venezuela – Emerging Markets Bitcoin News
Coincoinx, a cryptocurrency exchange, will reportedly launch a service that will allow users to skip trading crypto for fiat to make payments in Venezuela. The service, which is called Coinpago, will ...
Bitcoin’s Next Support Remains at $16,000, On-Chain Data Shows
Tomiwabold Olajide Bitcoin had fallen just shy of $19,000, hitting intraday lows of $18,910 According to IntoTheblock on-chain data provided by crypto analyst Ali Martinez, the key support for Bitcoin...
Mining: Bitcoin sales increase – The Cryptonomist
Blockworks Research has released its report on Bitcoin mining called Bitcoin State of Mining. The report on Bitcoin mining This is a biweekly report on mining, with metrics and news specific to miner...
Worst quarter in 11 years as Bitcoin price and activity plunge
Bitcoin (BTC) has seen its worst quarterly loss in 11 years with price and activity on the blockchain both plunging over the last three months. The second quarter ending Thursday saw Bitcoin’s price f...
ETF on spot Bitcoin: VanEck is at it again
Last week, VanEck filed a new application with the SEC to be allowed to issue an ETF on spot Bitcoin in the US. After Grayscale, VanEck is also trying to apply for approval of an ETF on spot Bitcoin ...
Why Bitcoin Could Return To $28,000, But By The End Of 2022
Goldman Sachs analysts believe Bitcoin and the crypto market could see some relief, but only further short and mid-term turmoil. A recent report from the banking institutions claims the crypto market ...
So You Want to Be a Bitcoin Developer?
“I got a job at the Electric Coin Company, creators of Zcash, which is a code fork of Bitcoin Core. I happened to find a minor bug in Zcash and discovered it also existed ‘upstream.’ So I opened my fi...
Grayscale to open a legal case against SEC for rejecting spot Bitcoin ETF
Grayscale Investments has launched legal proceedings against the United States Securities and Exchange Commission (SEC). Grayscale, the world’s largest digital asset manager, had opened legal proceedi...
Looking into Grayscale Bitcoin Trust after SEC spot ETF rejection
The Securities and Exchange Commission (SEC) rejected yet another application for a bitcoin spot-based exchange-traded fund (ETF) on Wednesday. Shares in Grayscale Bitcoin Trust (GBTC) were trading at...
Grayscale Investments Sues the SEC After Spot Bitcoin ETF Rejection – crypto.news
Grayscale Investments has filed a lawsuit against the U.S. Securities and Exchange Commission following the agency’s rejection of its application to convert its Bitcoin Trust into an exchange-traded f...
Next Bitcoin Bottom At This Level If Recession Worries Continue?
After reaching a bottom of $17,774 recently, Bitcoin retraced to above $21,000 but only for a short while. In the last few days, BTC struggled to hold above the $20,000 level. As of writing, Bitcoin i...
TSX-Listed Voyager Digital ‘Temporarily’ Suspends Trading, Deposits, and Withdrawals – Bitcoin News
After the TSX-listed Voyager Digital revealed that it was owed $655 million from Three Arrows Capital (3AC), the company secured a $500 million credit line from Alameda Ventures in order to “safeguard...
$15k Possible Bottom For Bitcoin? “Delta Cap” Says So
The “delta capitalization” model of Bitcoin may suggest that around $15k could be a possible bottom for the crypto’s price. Past Delta Cap Trend Shows Bitcoin May Still Face More Decline Before A Bott...
Bitcoin experiences worst month in history as over $400B is wiped off crypto market in June
The crypto industry has experienced its worst month ever as over $400 billion was wiped off the market by the capitulation of digital assets in June. #Bitcoin is about to close -40% in June – the wors...
Bitcoin, Ethereum, Near Protocol, and Algorand Daily Price Analyses – 1 July Morning Price Prediction
The global crypto market has continued to grow in value as it is recovering from the recent losses. The latest data for Bitcoin, Ethereum, and others shows that the market is bullish. As the market mo...
El Salvador’s president buys bitcoin again and says thank you for selling cheap
Nayib Bukele, the president of El Salvador, took to Twitter to report that his country had bought a further 80 bitcoins at an average of $19,000 each. When all is carnage in the crypto markets there ...
Vladimir Putin Says West’s Attempt to ‘Crush the Russian Economy’ Did Not Succeed – Economics Bitcoin News
Last week the Russian ruble hit a seven-year high against the U.S. dollar and while analysts have downplayed the rise, one economist said people should not “ignore the exchange rate.” American economi...
New Bitcoin Record Paints Incredibly Bearish Picture As BTC Struggles At $19,000
Bitcoin has been setting new record trends with the bear market. This follows a bull market that had also deviated largely from its predecessors, so it comes as no surprise that the subsequent near ma...
Here’s Why MicroStrategy Will Not Buy Bitcoin for $100 Million: Peter Schiff
Yuri Molchan Prominent Bitcoin critic dares Michael Saylor to buy a lot more Bitcoin than MicroStrategy did yesterday Vocal Bitcoin opponent, CEO of Euro Pacific Capital and founder of SchiffGold, Pet...
Ethereum Price HOLDS 1K unlike Bitcoin! Is ETH better than BTC?
The crypto bear market seems to have continued through this week. Most cryptos have mixed feelings as some held their respective support areas like Ethereum, while others sank below like Bitcoin. In t...
President Bukele says ‘thank you for selling cheap,’ as El Salvador buys more Bitcoin
President Bukele tweeted July 1 that El Salvador had bought another 80 Bitcoin (BTC) at $19,000 per token. Signing off, he said, “thank you for selling cheap.” The market downturn has renewed condemna...
Bitcoin Markets in Capitulation After Worse Quarterly Loss in a Decade
Analysts have been predicting a final capitulation event for some time now, but it could already be happening according to on-chain metrics. A final capitulation or final flush out is a rapid slump in...
BTC/USD Shed 37% in June Bloodbath: Sally Ho’s Technical Analysis 2 July 2022 BTC
Bitcoin (BTC/USD) remained volatile early in the Asian session as the pair tried to sustain gains above the 20000 figure after recently trading as low as the 18603 level, stopping short of testing the...