A crypto strategist who accurately called Bitcoin’s May 2021 meltdown is now predicting a potential rally that could send BTC toward its long-term diagonal resistance. Pseudonymous analyst Dave the Wa...
Category: Bitcoin
Live Bitcoin News Updates.
Bitcoin (BTC) Back Below $30K, Here’s Why A Crash To $24K Is Possible
Bitcoin (BTC) failed its latest breakout attempt from the $32,000 range, and fell substantially in the past 24 hours. BTC is down over 5% at $29,535- sticking to the same tight range seen for over a m...
Fed forgets long-term dollar devaluation when pricing eggs in BTC
The St. Louis Federal Reserve stirred up a mix of amusement and curiosity from the crypto community on Tuesday, May 7, after publishing a post showing how the cost of eggs in Bitcoin (BTC) has fluctua...
Bitso Partners With Addem Capital to Provide Cryptocurrency Investment Instruments in Latam – Bitcoin News
Bitso, the Mexico-based cryptocurrency exchange, has announced a new partnership with Addem Capital, a debt fund that provides startups and other companies with financing options. The cryptocurrency e...
Longer-term Bitcoin holder losses hit two year lows
Long-term Bitcoin holders are sitting on their largest losses since the March 2020 capitulation and the 2018-2019 bear market but may have to keep waiting for relief. Calculated by measuring the value...
Bitcoin Mining Ban in New York Won’t Reduce Carbon Emissions: Crypto Lawyer
Vladislav Sopov Jake Chervinsky, long-term GC of DeFi heavyweight Compound and one of most influential Web3 lawyers, criticizes anti-Bitcoin bill Contents Why might PoW restriction in New York be harm...
Bitcoin Mining: Kenya Offers Renewable Energy Sources to Miners
Bitcoin mining operations may soon be relocating to Kenya. The African country now offers miners a green energy source to achieve their green mining goals. Bitcoin’s energy consumption is often the su...
IOVLabs’ “Everyday DeFi” Aims To Onboard The First Billion Users To Bitcoin DeFi
The security of Bitcoin’s network, paired with smart contracts, paves an exciting future for decentralized finance. IOVLabs, with the help of Rootstock technology, will bring Everyday DeFi to a global...
BTC Price Retraces above $29K
Bitcoin Is in a Deadlock as BTC Price Retraces above $29K – June 7, 2022 Bitcoin bulls fail to break above the $32,000 overhead resistance as BTC price retraces above $29K. The cryptocurrency may resu...
Crypto IRA Company Sues Gemini Over $36M Theft of Bitcoin, Ethereum
In brief IRA Financial Trust lost $36 million in crypto in a February hack. The company uses New York-based crypto exchange Gemini to hold its digital assets. It alleges that Gemini “did not hav...
One Year On! El Salvador Marks Bitcoin Legal Tender Anniversary
Today makes it a year since El Salvador publicly revealed plans to adopt bitcoin as legal tender. On June 06, 2021, the president of El Salvador, Nayib Bukele, announced that a Bitcoin bill would be s...
Ethereum Will Likely Reach Zero Issuance 100 Years Before Bitcoin: Arcane Assets CIO
Vladislav Sopov Eric Wall, chief investments ifficer of Arcane Assets Web3 VC firm, explains crucial importance of EIP 1559 for ETH supply Contents Two percent of Ethereum (ETH) supply destroyed for g...
Europe More Likely to Head Into Recession Than US – Regulation Bitcoin News
Citigroup CEO Jane Fraser warns that a recession is more likely in Europe than in the U.S. Nonetheless, she stressed that it is not easy for the U.S. to avoid a recession. Citigroup’s CEO on Global Re...
Bitcoin (BTC) Market Cap Sunk More than $120 Billion in May
Bitcoin was hit hard in the crypto market crash of May which led to a steep decline in the market value of the most popular cryptocurrency. Bitcoin remains the largest digital asset by market capitali...
Bitcoin Turns Bearish, Risk of Drop Below $29K
Bitcoin failed to continue higher above $31,750 against the US Dollar. BTC declined sharply and traded below the $30,000 support zone. Bitcoin started a fresh decline from the $31,750 region. The pric...
Traders think Bitcoin bottomed, but on-chain metrics point to one more capitulation event
The bull market euphoria that carried prices to new highs throughout 2021 has given way to bear market doldrums for any Bitcoin (BTC) buyer who made a purchase since Jan. 1, 2021. Data from Glassnode ...
Bitcoin, Ethereum, Tezos, and ApeCoin Daily Price Analyses – 6 June Roundup
The performance of the global crypto market has continued to lower as the market changed its direction. The performance of Bitcoin changed as the market wasn’t able to continue bullish. The changes su...
Bitfinex Bitcoin longs hit a record-high, but does that mean BTC has bottomed?
Bitcoin (BTC) has been unable to close above $32,000 for the past 28 days, frustrating bulls and pushing the Fear and Greed index to bearish levels below 10. Even with June 6’s small boost, the tech-h...
Justin Sun’s Terra-like Stablecoin Now Boasts Backing in Bitcoin, Tether, Tron
Created as an algorithmic stablecoin, Justin Sun’s Terra-like stablecoin USDD is now shifting gears towards a hybrid model with improved transparency. USDD is now reportedly over-collateralized with ...
Bitcoin Mining Revenue Tanks By 56%, Will BTC Miners Hold Or Sell?
On-chain analytics platform, Glassnode, reports In a newsletter that Bitcoin miners revenue has continued to drop, while production cost surges, as market condition stays bearish and long term holders...
Lawsuit Claims US Labor Department’s Crypto Guidance Is Unlawful – Regulation Bitcoin News
The U.S. Department of Labor has been sued by a 401(k) plan administrator over its cryptocurrency guidance. “This lawsuit seeks to preserve the rights of American investors to choose how to invest mon...
71% of Salvadorans Did Not Benefit From the Bitcoin Law, Survey Says
A large part of Salvadorans said that the Bitcoin Law promoted by their president Nayib Bukele did not help them “at all” despite being approved less than a year ago. A survey conducted by the Institu...
Octagon Networks; The First Cybersecurity Firm To Convert Balance Sheet To Bitcoin
Digital assets or the widely known as Bitcoin has gained immense popularity, a lot of companies have started to incorporate cryptocurrencies into their ecosystem. After MicroStrategy, Octagon Networks...
New Research Unearths Insights Into Satoshi and Bitcoin’s Early Days
On one hand, their takeaway clashes with the stereotype (and perhaps, in some cases, self-image) of Bitcoin users, particularly early adopters, as cold-blooded individualists: “Rather than relying exc...
Bitcoin Critic Nouriel Roubini Attacks This Inoffensive Tweet
Nouriel Roubini has been triggered by Ethereum inventors Every dApp should be tested with at least one wallet Mr. Roubini claimed that El Salvador’s pro-Bitcoin president should be impeached Emi...
CyberSec Firm Octagon Networks Converts its Balance Sheet Into Bitcoin
Octagon Networks – a cyber security company headquartered in Addis Ababa – converted its entire balance sheet and all its liquid assets into the primary cryptocurrency. In addition, it embraced bitcoi...
The Bottom May Not Be In, But How Low Can Bitcoin Go?
Bitcoin has been on one of its longest downtrends yet. Although it has been recovering recently, there has not been enough upward momentum to truly guarantee that the market may be headed for another ...
Elon Musk Accuses Twitter of ‘Material Breach’ of Agreement — Threatens to End $44B Deal – Featured Bitcoin News
Tesla and Spacex CEO Elon Musk believes that Twitter is in material breach of the merger agreement with him, so he has the right to terminate the deal. The social media giant has refused to provide cr...
Bitcoin Marks First Green Weekly Close After Two Months In The Red
Bitcoin has been marking multiple weeks of consecutive red closes. This has been the case for the last two months when the leading cryptocurrency had seen 9 consecutive weeks of red closes. Unsurprisi...
Amid crypto bear market, institutional investors scoop up Bitcoin: CoinShares
Digital asset investment products registered positive inflows last week, though the gains were mainly concentrated in Bitcoin (BTC) funds, signaling a more cautious approach to crypto allocation on th...
BTC, ETH and XRP Price Analysis for June 6
The new week has begun with the growth of the market as all of the top 10 coins are in the green zone. Top coins by CoinMarketCap BTC/USD Bitcoin (BTC) has rocketed by 5.61% over the last 24 hours. BT...