With speculations high that the Federal Reserve (Fed) will increase the interest rate by 75 basis points (bps) on June 15 to tame inflation, this might dent Bitcoin’s bullish outlook as the leading cr...
Category: Bitcoin
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Bitcoin Will Hit $100K In 12 Months, Ex-White House Chief Predicts, Despite Crypto Carnage
Bitcoin has proven itself time and again to recover from any kind of storm and with this, Anthony Scaramucci – the former White House chief of communications and founder of Skybridge Capital – said he...
Alleged “Original” Bitcoin Token Rallies 24% As Crypto Markets Crash
Bitcoin Satoshi’s Vision (BSV), a variant of Bitcoin that claims to follow the creator’s original vision, has blazed past a market crash in the past 24 hours. BSV is up over 23% at $55.79, ducking a 6...
Why is bitcoin crashing? How low will it go?
Cryptocurrencies continued their selloff on Tuesday, with bitcoin’s value briefly dipping below $21,000. Bitcoin fell as low as $20,834.50 before recovering to about $22,300 by 5:30 a.m. ET Tuesday mo...
South Korean Crypto Exchanges to Create Body to Preempt Another Terra LUNA Type of Collapse – Exchanges Bitcoin News
Five South Korean cryptocurrency exchanges said they intend to create a consultative organization which will help prevent a repeat of a Terra LUNA-style token collapse. The organization is expected to...
‘Original Bitcoin’ Makes Surprise 24% Climb As Crypto Markets See Red
Dubbed to be the “Original Bitcoin,” BSV, or Bitcoin Satoshi Vision skyrockets in the face of a crypto market crash seen in the past 24 hours. BSV is certainly generating a lot of attention from inves...
El Salvador’s Bitcoin Holdings Losses $40M In Value But Finance Minister Believes Recent Collapse Will Not Hurt Economy
– Advertisement – El Salvador’s Finance Minister Believes Recent Bitcoin Collapse Will Not Hurt Their Economy. On Monday, Alejandro Zelaya, El Salvador’s Minister of Finance, dispelled c...
Fears of MicroStrategy Margin Call Mount as Bitcoin Slumps
Text size MicroStrategy would be forced to add to collateral if Bitcoin slips below $21,000. Dreamstime MicroStrategy , the business-intelligence software maker that borrowed money to invest in Bitcoi...
Michael Saylor’s MicroStrategy Bitcoin Investment Down by Approx $1.04 Billion
3 hours ago | 2 mins read Bitcoin News Billionaire Michael Saylor’s MicroStrategy acquired 4,827 bitcoins. MicroStrategy shares fell on June 13 as a result, which came as no surprise. The price of bit...
El Salvador President under fire over $18M loss after Bitcoin tumbles to $23k
? Want to work with us? CryptoSlate is hiring for a handful of positions! El Salvador’s Finance Minister Alejandro Zelaya played down the impact of Bitcoin crashing on the country’s financial health, ...
Bitcoin Price on Verge To Drop Below $20K as MicroStrategy Liquidates $103M Worth BTC
Alongside Bitcoin’s drop under $25,000, it is important to recall MicroStrategy’s CFO’s comments. The comments were regarding the possibility of getting a margin call at $21,000 on the company’s huge ...
Bitcoin Enters the Deepest Phase of the Current Bear Cycle as Price Slips to an 18-Month Low
After briefly slipping to the $21K zone, Bitcoin (BTC) continues to trade at levels last seen in December 2020. The leading cryptocurrency was down by 9.94% in the last 24 hours to hit $22,668 during ...
Brazilian Congressman introduces bill recognizing Bitcoin as means of payment
Despite the cryptocurrency market going through a bearish trend, cryptos are becoming more popular and adopted around the world as an alternative to traditional assets, with some countries looking to ...
Microstrategy $1 billion underwater on its bitcoin holdings
Michael Saylor’s MicroStrategy is around $1 billion in the hole after bitcoin plummeted in price. Nevertheless, the billionaire CEO remains optimistic on the future of the number one cryptocurrency an...
Ready to Win $100K in Bitcoin? – Sponsored Bitcoin News
sponsored Do you want to win $100,000 in BTC? Yes, that’s right – Dohrnii DAO has recently announced a major crypto giveaway! In celebration of the DHN token launch, and the promise to give back to th...
Celsius Network Struggles To Stay Afloat With Mounting DAI Debt As Bitcoin Price Drop Threatens Heavy Liquidation
– Advertisement – Bitcoin’s price decrease is pressuring the Celsius Network into taking on more DAI debt as it battles to tablelike its ecosystem. Bitcoin’s downward price action is thr...
Is the Bitcoin Crash over? Or will Bitcoin price reach $10,000?
After a brief consolidation, most crypto enthusiasts expected crypto prices to recover. However, this did not occur as the crypto market continued its bearish trend. Crypto prices have been on a decli...
Bitcoin (BTC) Bounces by 12% Following Drop to $20,855
Bitcoin (BTC) bounced significantly after reaching a low of $20,855 and has possibly completed its corrective structure. BTC has been falling since it broke down from an ascending support line on June...
MicroStrategy may be forced to sell part of its BTC holdings or add more collateral
Software company MicroStrategy Incorporated (NASDAQ: MSTR) is facing a possible margin call as part of maintaining its Bitcoin-backed loan amid ongoing high market volatility. Notably, the company, wh...
El Salvador’s Fiscal Risk Is Extremely Minimal Despite BTC’s Crash, Says Finance Minister
The first nation to legalize BTC inside its borders sits on a substantial unrealized loss from its bitcoin stack. However, its Finance Minister, Alejandro Zelaya, reassured that the most recent market...
Crypto Market Would Turn dreadful if Bitcoin and Ethereum Breaches This Level
It has been a season of sell-offs in the fast-evolving market. The global cryptocurrency market has suffered its worst crash of this year. The total cryptocurrency market cap has fallen below the $1 t...
Crypto Markets Erased $300B in Days, Bitcoin Dipped to $20.8K: Market Watch
Bitcoin kept plunging in the past 24 hours to a new multi-year low of under $21,000. Most of the altcoins followed suit with massive price losses. ETH is among the leaders in this adverse trend as it ...
BitMex Founder Sees Carnage If Bitcoin, Ethereum Breach These Levels
BitMex founder Arthur Hayes said the Bitcoin and Ethereum could be primed for severe losses if they dropped below a certain level. For Bitcoin, Hayes sees a drop below $20,000 causing a spot-selling c...
Bitcoin Fraud-Accused South African Radio Presenter Threatens Legal Action – Bitcoin News
Following accusations that he defrauded investors in his bitcoin investment scheme, the South African radio presenter Sebasa Mogale has said he will take legal action against individuals that have rep...
Celsius adds more collateral amid market sell-off to protect their Bitcoin from liquidation
As the price of Bitcoin (BTC) continues to plunge, in line with the bearish trend of the entire cryptocurrency market, the crypto lending firm Celsius Network has been making last-ditch efforts to pro...
Bitcoin has support at $23K, but analysts warn of a dire drop to $8K as global debt unwinds
Bitcoin’s (BTC) month-long choppy price action came to an end on June 13 after a deep market sell-off pressed the top cryptocurrency under the $29,000 support. The move took place as equities ma...
El Salvador’s Finance minister Downplays Bitcoin Price Fall Risk Associated
47 mins ago | 2 mins read Bitcoin News El Salvador’s government has bought 2,301 units of cryptocurrency in total. An $800 million bond issued by El Salvador is due in January 2023. Alejandro Zelaya, ...
Bitcoin plunge spells trouble for Michael Saylor’s MicroStrategy
Michael Saylor, chairman and chief executive officer of MicroStrategy, first got into bitcoin in 2020, when he decided to start adding the cryptocurrency to MicroStrategy’s balance sheet as part...
Bitcoin’s price lost 16% of its value on Monday
Bitcoin Analysis Bitcoin’s price closed its daily candle at its lowest level since December 16th, 2020 on Monday. When traders settled up to close Monday’s session BTC’s price was down nearly 16% and...
NY Mayor urges Governor to reject law banning Bitcoin mining in the state
New York City mayor Eric Adams has called on the state’s Governor Kathy Hochul to reject a bill that placed a two-year moratorium on Proof-of-Work (PoW) crypto miners who do not use 100% renewable ene...
Over $1,300,000,000 in Crypto Liquidated in Last 24 Hours As Bitcoin Threatens To Breach $20,000
More than a billion dollars worth of crypto assets are being liquidated as Bitcoin (BTC) threatens to trade below $20,000 and print a low last seen in December 2020. Cryptocurrency futures trading and...