Media mogul Steve Forbes, chairman of Forbes Media, has warned that the Federal Reserve is “inflicting unnecessary pain” on the U.S. economy with its interest rate hikes after Fed Chair Jerome Powell ...
Category: Bitcoin
Live Bitcoin News Updates.
Bitcoin tumbles to 7-week low as bank failures, regulatory pressures weigh on crypto
Bitcoin (BTC-USD) fell more than 7.5% late Thursday to $20,300, a seven week low for the largest cryptocurrency. “This remains a tough environment for crypto. Bitcoin could see further selling pressur...
Bitcoin slips under $20K amid Biden budget, Silvergate collapse
The price of the Bitcoin (BTC) briefly slipped below $20,000 for the first time in nearly two months, following the latest budget from United States President Joe Biden and the collapse of “cryp...
Fed Chair Powell Provides Update on US Central Bank Digital Currency – Regulation Bitcoin News
Federal Reserve Chairman Jerome Powell has provided an update on the Fed’s central bank digital currency (CBDC) work in a hearing before the House Financial Services Committee. While stating that the ...
Bitcoin Falls Below $20K as 2023 Rally Reverses
“Silvergate is one of several factors in Bitcoin’s underside test, ” Joe DiPasquale, CEO of crypto fund manager BitBull Capital, wrote in an email to Coindesk. “In addition to Silver...
Has DOJ’s Bitcoin [BTC] movement caused panic among holders?
The transfer of some BTCs by the DOJ seemed to have caused the price of BTC to drop. Despite the mass movement from the DOJ, the Netflow has not reflected irregular activities. Bitcoin [BTC] has been ...
Crypto Traders Suffer Over $300M Losses in Liquidations as Bitcoin and Cryptocurrencies Crash
Soaring long liquidations suggest that cryptocurrency prices’ sudden nosedive caught investors off-guard. BTC, the largest cryptocurrency by market capitalization, has plummeted more than 6% in the pa...
Bitcoin Market Cap May Travel Through A Golden Trail With These 3 Projects
Amidst the turmoil the crypto industry has been involved in over the past month, the global market capitalization has dropped from the psychological level of $1 trillion; Bitcoin has followed the tren...
Bitcoin price falls to a multi-month low, but data points to a possible short-term bounce
March started off on a low due to a resurrection of inflationary fears. On March 7, hawkish comments from U.S. Federal Reserve chairman Jerome Powell amplified the market’s expectation of a 50-b...
Shiba Inu (SHIB) Ecosystem Altcoin Adds New Crypto Exchange, Outperforms Bitcoin and Ethereum
A key altcoin in the Shiba Inu (SHIB) ecosystem is coming to a crypto exchange backed by Tron (TRX) founder Justin Sun. In a new release, crypto exchange Poloniex says it’s listing Shiba BoneSwap (BON...
Cathedra Bitcoin Announces Update on Debt Settlement
TORONTO–(BUSINESS WIRE)–$CBIT #Bitcoin–(Block Height: 780,050) – Cathedra Bitcoin Inc. (TSX-V: CBIT; OTCQX: CBTTF) (“Cathedra” or the “Company”), a Bitcoin company that develops and operates world-cla...
Bitcoin Bounces at $20,000 As Biden Administration Fights 50 Million American Citizens Who Own Cryptocurrency
Bitcoin just bounced off a historic line of support at $20,000 as the Biden Administration launches an all-out assault on cryptocurrency and the 50 million registered American voters who own digital a...
Founder of BitMEX Is Proposing a Bitcoin-based Stablecoin
The proposed NUSD stablecoin won’t depend on any USD reserves. Instead, it will solely depend on derivatives exchanges that list liquid inverse perpetual swaps, Hayes said. Although the US regulators ...
Investors might have avoided FTX if the SEC had addressed Bitcoin ETFs, says BitGo CEO
The collapse of crypto exchange FTX and other bearish events in the space were at the center of discussions among lawmakers and witnesses at the inaugural hearing of the United States House Committee ...
Bitcoin miner reserves drops, bearish signs emerge
The quantity of Bitcoin (BTC) held in reserve by mining companies has reached lows last seen in October 2022. Miner reserves important in bitcoin market According to on-chain analytics company Crypto...
Hut 8 Increased its Bitcoin Holdings by 65%, Yet Revenue Plunged
Canada-based cryptocurrency miner – Hut 8 Mining – released its financial results for the year and quarter that ended December 31st, 2022. The company managed to increase its mining production by over...
New York Attorney General Files Lawsuit Against Kucoin and Declares Ethereum a Security – Bitcoin News
On March 9, 2023, New York attorney general Letitia James announced that her office had once again cracked down on crypto platforms by filing a lawsuit against the Seychelles-based crypto exchange Kuc...
Bitcoin price hammered, cryptocurrencies fall with tech liquidity concerns
Cryptocurrency prices are falling and there may be problems with market liquidity, especially for tech companies, and risk assets. Bitcoin and the crypto marker is under heavy selling pressure as the ...
Investors Urged to Exercise Caution – Bitcoin News
According to a recent warning by the U.S. Public Company Accounting Oversight Board (PCAOB), crypto proof-of-reserve (POR) audits have limitations, and the board believes that investors should exercis...
Bloomberg’s McGlone Predicts GBTC Litigation May Mark Milestone for Bitcoin (BTC)
Alex Dovbnya Bloomberg’s senior commodity strategist Mike McGlone stated that ongoing legal battle between Grayscale Bitcoin Trust (GBTC) and US Securities and Exchange Commission (SEC) could ma...
BTC, ETH and XRP Price Analysis for March 9
Denys Serhiichuk Which top coin is likely to resume bull run faster than other cryptocurrencies? The cryptocurrency market seems to be undecided as to which way to go as the rates of some coins are ri...
BTC retests $20,870, further decline incoming?
Bitcoin price analysis shows a decline in price today. The day started with selling pressure building up in the market, and the price dropped from $22,115 to $20,870. The BTC/USD pair has been under c...
CFTC Chair Declares Ethereum (ETH) a Commodity, Regardless of Gary Gensler’s Bitcoin-Only Stance
The Chair of the Commodity Futures Trading Commission (CTFC) believes Ethereum (ETH) is a commodity, despite opinions to the contrary from SEC Chairman Gary Gensler. Speaking at the Senate’s Agricultu...
Bitcoin price drops to $20.8K as regulatory and macroeconomic pressure mounts
Bitcoin (BTC) traders saw continued downward pressure after the 5.5% decline in BTC price on March 7. Increased odds of further interest rate increases by the Federal Reserve and regulatory pressure i...
Bitcoin loses 21k support, as contagion from Silvergate enters banks, financials sector
Quick Take Bitcoin lost $21,000 as support and is over 5% down today This comes after news of Silvergate halting operations. Contagion spreading into the banking and financials sector of the economy, ...
Bitcoin miner Hut 8’s shares fall 9% after 2022 financial report
Ad Bitcoin (BTC) mining firm Hut 8’s financial statements for 2022 showed that the miner earned less revenue despite its higher productivity levels, according to a March 9 statement. According to Yaho...
Bitcoin loses $21k support and sheds 5% in 24H trading
Ad Bitcoin has lost crucial support at the $21,000 level as market volatility has continued after the collapse of Silvergate. Bitcoin price 3M chart (Source: Kaiko) On Thursday, the prices of cryptocu...
Bitcoin Outflows Show Huge Spike, Whales On Shopping Spree?
On-chain data shows exchanges have observed a vast Bitcoin outflow recently, a sign that whales may be going on a buying spree of the asset. Bitcoin Exchange Netflows Have Been Negative In Recent Days...
Bitcoin Price Drops Below $21K As Biden Unveils New U.S. Budget
In a formal presentation of the proposed budget for the fiscal year 2024, U.S. President Joe Biden advocated the elimination of tax subsidies for cryptocurrency investors, the real estate business, an...