The value of the country’s junk-priced bonds increased by 10% to 40% following the buyback announcement The buybacks will be financed partly by the IMF, which has criticized El Salvador’s bitcoin inve...
Category: Bitcoin
Live Bitcoin News Updates.
Federal Reserve announces 75bps rate hike; Bitcoin up 3% following the news
The Federal Reserve, chaired by Jerome Powell, has announced that it will raise interest rates in the U.S. by 75 basis points. The increase matched the market consensus, which some analysts deemed to ...
Low-Risk Appetite Continues to Play Out in Bitcoin Market Based on Diminishing Institutional Activity
Institutional activity remains sluggish as bitcoin hovers around the lower $20K level, depicting a low-risk appetite. On-chain analyst Caue Oliveira pointed out: “Low institutional activity evid...
Analytics Firm Glassnode Says Worst of Bitcoin (BTC) Capitulation Could Be Over – But There’s a Catch
The worst of the Bitcoin (BTC) capitulation could be over, according to the crypto analytics firm Glassnode. In a new analysis, Glassnode examines the Market Realized Gradient Oscillator (MGRO) 14-day...
Strawweight Luana Pinheiro Becomes First Female UFC Fighter to Be Paid in Bitcoin – Bitcoin News
On Wednesday, the cryptocurrency payments service company Bitwage announced that the Ultimate Fighting Championship (UFC) strawweight Luana Pinheiro will be the first female UFC fighter to be paid in ...
Crypto industry heavyweights clash over intellectual honesty of Bitcoin maximalism
Input Output CEO Charles Hoskinson responded to a recent Cory Klippsten interview by calling the Swan Bitcoin CEO “an idiot.” Hoskinson took exception to Klippsten calling blockchain a “marketing scam...
Is Another $19K Retest Inbound for BTC? (Bitcoin Price Analysis)
Market movements are frequently consisting of two phases – an expansion phase where the price changes sharply in either direction, followed by a correction phase in which the price forms continuation ...
How The Bitcoin Difficulty Adjustment Has Boosted Miners’ Bottom Line
Data shows the recent large negative Bitcoin mining difficulty adjustment has provided a significant boost to the miners’ revenues. Bitcoin Miners Observe Big Boost In Revenues After Difficulty Decrea...
Gamestar+ Confirms Partnership With Ava Labs and Impending Launch on Avalanche – Press release Bitcoin News
press release PRESS RELEASE. Streaming social game platform Gamestar+ has confirmed an official partnership with blockchain developer Ava Labs, commencing the development of the technological framewor...
Bitcoin price falls under $21K, bringing more capitulation or just consolidation?
On July 26, Bitcoin (BTC) price dropped below $21,000, giving back the majority of the gains accrued in the previous week and returning to the $23,300 to $18,500 range that Glassnode analysts describe...
Crypto Analyst Issues Warning on Bitcoin (BTC), Solana (SOL) and ApeCoin (APE) As Markets Correct
A popular analyst is diving into the price charts to provide updates for a trio of crypto assets as the markets cool off. Pseudonymous analyst Altcoin Sherpa tells his 180,500 Twitter followers that t...
How Bitcoin Could Turbocharge Solar And Wind Energy
Bitcoin is considered an energy-demanding network. This has brought negative attention from politicians, regulators, institutions, and individuals that claimed the digital asset is contributing to glo...
ETC Nears 10-Week High, as TRX Extends Recent Gains – Market Updates Bitcoin News
Ethereum classic was approaching a ten-week high on Wednesday, as prices rose by over 14% in today’s session. These gains came as prices rose for a second consecutive day, with tron also extending rec...
Major chains give Gibraltar a BTC boost
“But you can’t buy a coffee with Bitcoin,” the Bitcoin (BTC) critics chanted. Gibraltar, a tiny British Overseas Territory in Europe just blew a hole in that FUD as popular coffee chain Costa Coffee n...
Bitcoin Up as Fed Announces 0.75 Points Rates Hike
Key Takeaways The Federal Reserve is hiking interest rates by another 75 basis points. The rate hike comes after the Consumer Price Index revealed that inflation had hit a 40-year high of 9.1% in June...
Bitcoin (BTC) Reclaims $21,000 Support Area After Falling From $24,000
Bitcoin (BTC) has reclaimed a short-term support level after deviating below it. Reclaiming this support is crucial for the continuation of the upward movement. Bitcoin had been trading below a descen...
The Number Of Bitcoin Users With 10k Bitcoin Has Surged To The Next Level
Recently, the number of Bitcoin whales holding 10,000 or more BTC has increased. Both the 1k+ and 10k+ BTC holders have seen some growth recently, as an analyst observed in a CryptoQuant post. Whales ...
Analyst: Bitcoin is headed for resistance amid FOMC bounce
Bitcoin (BTC/USD) is up 3.2% in the past 24 hours to currently trade around $21,671 and ease off lows seen on Tuesday when a number of negative news reports impacted sentiment. After hitting intraday ...
Institutions Sell Off 1% Of Total Bitcoin Supply In Under 2 Months
Bitcoin has fallen more than 70% from its all-time high in November 2021 and has triggered selling pressure with it. While it seemed that institutional investors were going to hold through the bear ma...
New York Governor Seeks to Close Bitcoin Mining Firm
Kathy Hochul – the governor of New York – and her administration is moving to shut down a crypto mining operation in the Finger Lakes, claiming it is creating too much pollution. New York Has Suddenly...
Biggie Smalls NFT Collection Sells Out in 10 Minutes, Owners Get Licensing Rights to Unreleased Freestyle – Bitcoin News
On Tuesday, the Christopher Wallace Estate, managers of the Notorious B.I.G.’s music, fashion, film, and unreleased archives, dropped a collection of 3,000 non-fungible tokens (NFTs) that sold out in ...
Are big players like Grayscale and MicroStrategy moving bitcoin’s price?
In my previous coverage of MicroStrategy’s mega-leveraged all-in bitcoin bet, the main bone of contention was that the firm’s oversized bitcoin wager risks affecting the market significantly if it fai...
Elon Musk’s Tesla Still Holds $222M in Digital Assets After Dumping $936M in Bitcoin
Despite the panic last week over Tesla announcing that it sold 75% of its Bitcoin, the company reports holding $222 million worth of “digital assets” on its balance sheet as of the end of June. The ne...
Here’s What’s Next for Bitcoin and Ethereum (ETH) After Failed BTC Breakout, According to Top Crypto Analyst
A crypto strategist is outlining what’s in store for Bitcoin (BTC) and Ethereum (ETH) after BTC bulls failed to keep the rally going. In a new strategy session, crypto analyst Cred says Bitcoin is now...
Russia Gears Up to Regulate NFTs Through Legislative Amendments – Regulation Bitcoin News
Authorities in Russia are preparing a number of changes to existing laws in order to adopt rules for the country’s market for non-fungible tokens, or NFTs. A working group has discussed the matter and...
Why Bitcoin Could Trade Above $22,000 After Today’s FOMC Meeting
Bitcoin is poised to experience volatility during today’s trading session. The crypto market is gearing up for the U.S. Federal Reserve (Fed) Federal Open Market Committee (FOMC) meeting which could r...
Can Bitcoin hit $30,000 by the end of August? Here’s what the crypto community says
Disclaimer: The CoinMarketCap cryptocurrency community price estimate is based only on the votes of its users. Estimates do not guarantee end-of-month prices. After a difficult week for the cryptocurr...
IMF recession warning sees Bitcoin dip under $21K amid fresh $1M BTC price forecast
Bitcoin (BTC) fell below $21,000 for the first time in eight days on July 26 as Wall Street prepared for a decision on United States’ anti-inflation policy. BTC/USD 1-hour candle chart (Bitstamp...
Bitcoin holds $21k – crypto rally still on
The bitcoin rally that saw the number one crypto currency go from $17,500 back to $24,000 in just 5 weeks ran out of steam over the last week and has fallen back to $21,000. However, short-term RSIs h...
Frequency of ransomware attacks fell with bitcoin price drop: SonicWall
The number of ransomware attacks have trended down globally in the first half of 2022, according to a report by US-based cybersecurity firm SonicWall. In the 2022 Cyber Threat Report, researchers at S...