May 09, 2022 at 12:55 // Price Bitcoin (BTC) price is in a downtrend as the largest cryptocurrency has regained the previous level of $32,937. The previous low is the historical price level of January...
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Traders’ sentiment goes severely negative as Bitcoin tanks below $33k
The cryptocurrency market now seems to be in turmoil following the extended decline in the price of the largest cryptoasset, Bitcoin (BTC), below the $33,000 price area. This market condition has also...
Bitcoin Hits 10-Month Low Below $33,000
Share this article Many other crypto assets have tumbled as Bitcoin struggles to hold momentum. Bitcoin Slides Further The Bitcoin bleed continues. The top crypto asset recorded a 10-month low Mond...
What is terraUSD (UST) and how does it affect bitcoin?
Pedestrians walk past a display of cryptocurrency Bitcoin on February 15, 2022 in Hong Kong, China. Anthony Kwan | Getty Images A multibillion-dollar bet that bitcoin can act as a “reserve curre...
3 Possible Reasons For Bitcoin’s $6K Weekly Crash
Bitcoin’s price has been in shambles for the past few days, and it has lost a total of $6K off its dollar value since May 5th. This represents a decrease of more than 16.5% in the span of four days. M...
Venezuela Bets on De-Dollarization After Foreign Currency and Crypto Tax Is Applied – Emerging Markets Bitcoin News
The government of Venezuela is now focusing its action on trying to establish the bolivar as the go-to currency for purchases in the country. According to several economists, this might be a risky bet...
The Central African Republic chastised for adopting Bitcoin
The governor of the Bank of Central African States (BEAC) has penned a scathing letter to the Central African Republic (CAR) regarding its decision to embrace bitcoin and other cryptocurrencies. The G...
Bitcoin (BTC) Price Plummets, Raising Fear of Further Bear Dominance
2 hours ago | 2 mins read Bitcoin News There is “Extreme Fear” on the Crypto Fear and Greed Index. BTC might fall to levels not seen since late 2020. With Bitcoin falling to a low of $33,393.61, thing...
Analyst Who Predicted May 2021 Bitcoin Collapse Maps Potential BTC Capitulation Scenario
An analyst who called the Bitcoin May 2021 collapse is laying out possible scenarios for BTC, including a dramatic capitulation event. The pseudonymous analyst known as Dave the Wave tells his 98,000 ...
Bitcoin whales sell as exchange inflows hit 1.7 million coins
Bitcoin seems to be in a bear market, and most of the market is on a downtrend. The price of Bitcoin seems to have erased any gains made since the beginning of the year, and unlike previous bears, the...
Bitcoin Marks 6 Consecutive Red Weekly Candles
Bitcoin’s price has suffered quite a bit since the end of March, losing over $15,000 in this period. Moreover, the asset’s downwards trajectory has set a negative record as it closed six consecutive w...
Bitcoin transaction volume is gaining momentum despite choppy markets, data shows
Like much of the cryptocurrency market, Bitcoin (BTC) has been caught in a bearish streak for the past several days, but this doesn’t seem to have affected the token’s transaction volume, which has re...
Bitcoin (BTC) Set To Slip Further Below $33K Today, Here’s Why
Bitcoin (BTC) suffered steep losses over the past week, bringing the token to its lowest levels this year. The world’s largest cryptocurrency is now trading around $33,000- its lowest level since July...
Central African banks scold the CAR for Bitcoin adoption
The governor of the Bank of Central African States (Banque des États de l’Afrique Centrale, BEAC) has issued a scathing letter to the Central African Republic (CAR) regarding the country’s adopt...
Bitcoin Sees 50% Value Drop Since Its Peak in November
The financial market continues its struggle as the largest crypto in the world touches the 34,000 dollar mark. Bitcoin has fallen over 50% in market value after reaching its peak in November 2021. Its...
Bitcoin whales continue dumping crypto as market conditions worsen
The number of Bitcoin (BTC) whales has been on a steady decline and is back to the levels earlier in 2022, according to blockchain intelligence firm Glassnode. Glassnode also found that the volume of ...
Luna Foundation to Loan $1.5B in BTC and UST to Defend Stablecoin’s Peg
This isn’t the first time UST has lost its peg. But the controversial algorithmic stablecoin de-pegged yet again just days after the Luna Foundation Guard (LFG), the organization backing it, purchased...
‘African Fintechs Have a Greater Scale Potential Than Other Tech Startups’ – Interview Bitcoin News
The African fintech industry has grown rapidly over the past few years and this has caught the attention of some well-resourced venture capital (VC) firms. As one would expect, Nigerian fintech startu...
If Bitcoin Breaks Well Below $30,000, Crash Under $10,000 May Follow: Peter Schiff
Yuri Molchan SchiffGold chairman believes that Bitcoin may fall from $30,000 down below $10,000 Prominent Bitcoin hater Peter Schiff has taken to Twitter to repeat his earlier statement about Bitcoin&...
Bitcoin (33k), Ethereum (2.4k), Luna Price Analyses
Bitcoin Analysis Bitcoin’s price recorded its lowest weekly candle close since July 12th, 2021 on Sunday. BTC’s price also concluded its daily session on Sunday -$1,424 for its fourth consecutive dai...
Crypto Markets Lost $300B in 4 Days, Bitcoin Saw Lowest Daily Close Since July 2021 (Market Watch)
Bitcoin’s nosedives continued in the past 24 hours as the asset just doesn’t seem to stop losing value. Most altcoins are in a similar or even worse position, with massive price drops from Ripple, Sol...
India’s Goods and Services Tax Council considers a 28% tax on Bitcoin
Indian officials are expected to explore imposing a 28% goods and services tax on cryptocurrencies at the upcoming GST Council meeting. The goods and services tax (GST) Council, which is India’s top d...
First 6-week losing streak since 2014 — 5 things to know in Bitcoin this week
Bitcoin (BTC) starts the second week of May 2022 by bringing up bearish ghosts from its past — how much worse could the picture get for hodlers? After falling to nearly $33,000, the largest cryptocurr...
Bitcoin Flirts With Lowest Level Since 2021 as Equities Swoon
(Bloomberg) — Bitcoin is falling toward levels last seen in July 2021, part of a wider retreat in cryptocurrencies amid a global flight from riskier investments. Most Read from Bloomberg The wor...
Luna Foundation “Sells” $1.5 Billion in Bitcoin Bought at $47,000 for $33,000: Details
Arman Shirinyan While foundation has not announced the sale, there is no other way to support UST stablecoin Luna Foundation Guard responsible for the stability of the UST stablecoin powered by Terra ...
The Bitcoin Bloodbath Will Get Worse. This Is Fine.
It’s getting ugly out there. Bitcoin is down over 8% this week and has fallen nearly 50% from last year’s all-time-high. The situation isn’t much better for Ethereum, down 5% over th...
Bitcoin.com Raises $33.6 Million During Private Sale
Various strategic investors thought leaders, and influencers contributed to Bitcoin.com’s private sale for the VERSE token. Participants include KuCoin Ventures Blcockhain.com, BoostX Ventures, ...
LFG to deploy $1.5 billion to bolster UST peg and build BTC reserves
Amid the sharp pullback across Bitcoin (BTC) and the wider crypto market this week, the Luna Foundation Guard (LFG) is set to deploy $1.5 billion worth of capital to “help protect” Terra USD’s (UST) p...