Bitcoin

Numerous theories emerge whenever the price of Bitcoin (BTC) takes a sudden and steep drop. The usual suspects include government regulations, the possibility of exchanges manipulating prices, Bitcoin whales manipulating prices, over-leveraged traders, and some conspiracies involving Tether (USDT). SEC kicks Bitcoin ETF can down the road Between Aug. 15 and Aug. 18, Bitcoin’s price

Digital asset investment products saw $55 million in outflows for the week of September 13-19, according to a report from CoinShares.  Optimism surrounding what was previously thought to be the impending approval of a spot-based Bitcoin exchange-traded fund has begun to give way as $42 million worth of the week’s outflows came from BTC alone.

Trader sentiment has turned bearish following Bitcoin’s (BTC) 11% slump this week. Although Bitcoin is taking support near $25,000, several analysts are factoring in another leg down toward the crucial $20,000 level. The weakness is not limited to the cryptocurrency markets alone. United States equities markets also witnessed a losing week. The S&P 500 Index

The United States Securities and Exchange Commission (SEC) is likely to approve multiple applications for Ether futures exchange-traded funds (ETFs) at the same time, the Wall Street Journal reported, citing sources familiar with the matter.  Since July, the regulator has been flooded with applications from several investment firms, including requests combining futures Bitcoin (BTC) and

The price of Bitcoin (BTC) fell by 11.5% from Aug. 16 to Aug. 18, resulting in $900 million worth of long positions being liquidated and causing the price to hit a two-month low. Before the drop, many traders expected a breakout in volatility that would push the price upward but this was obviously not the

The issuer of stablecoin Tether will discontinue its Bitcoin Omni Layer version, citing a lack of interest from users. This Bitcoin version of Tether (USDT) was one of the first stablecoins ever created. The Bitcoin Cash (BCH) and Kusama (KSM) versions will also be discontinued, according to an Aug. 17 announcement from the team. Today #Tether announces the

A Bitcoin (BTC) wallet containing 1,005 BTC mined in 2010 has reawakened, with an anonymous user moving the long dormant coins to new addresses in a number of different transactions. Speaking exclusively to Cointelegraph, blockchain researcher, developer and cryptocurrency trader Kirill Kretov weighed in on the event after initially flagging the movement of the BTC

The latest report from Glassnode Insights, titled “The Week On-Chain,” emphasized that Bitcoin (BTC) has reached historically low levels of volatility. This has led to a mere 2.9% separation between the asset’s Bollinger Bands, indicating an exceptionally narrow trading range.  This situation has only been observed twice in Bitcoin’s history: in September 2016, when BTC

The connection between Bitcoin and gold goes back to Bitcoin’s origin. While it is not mentioned in the Bitcoin white paper, Satoshi Nakamoto actually referred to gold’s rarity in a Bitcointalk forum post when introducing the first version of Bitcoin (BTC) in 2009. This was to emphasize the importance of a limited supply of 21 million coins.

Brazilian lawmakers are moving forward with a legislation that would raise taxes on cryptocurrencies held overseas. According to local reports, a congressional committee has approved amendments to a bill that recognizes cryptocurrencies as “financial assets” for tax purposes in foreign investments. In addition, the draft bill taxes gains from fluctuations in crypto asset prices against

Bitcoin miner Bitdeer Technologies, a firm spun-off from prominent Bitcoin Application-Specific Integrated Circuit (ASIC) manufacturer Bitmain, recorded a net loss of $40.4 million in Q2 2023, up from a net loss of $15.6 million in Q2 2022. The company disclosed in its earnings report published on Aug. 11 that the losses were largely attributed to

Apple wants to put an AI in your pocket Apple has been playing its cards close to its chest when it comes to AI. While rival Microsoft has jumped on the ChatGPT bandwagon and is integrating AI into everything despite the bugs and hallucinations, the acronym didn’t even get a mention at Apple’s Worldwide Developers

Bitcoin (BTC) can easily end up below $25,000 next month, says one longtime market observer. In a new BTC price outlook, Timothy Peterson, founder and investment manager at Cane Island Alternative Advisors, put the odds of a dip to local lows at 50/50. BTC price may see “last big dip” in September While Bitcoin bulls

A Bitcoin (BTC) advocate based in Canada has “Zapped” 600 people a total of 300 satoshis ($0.09, or 0.000003 BTC) each in a Bitcoin-inspired social media experiment.  To date, marketing executive Michael Degroot has doled out over $50 in Bitcoin to people around the globe. He has since been Zapped back more than 40 times, receiving

Bitcoin (BTC) fell below $28,700 after the Aug. 7 Wall Street open as “endless spot selling” drove BTC price action lower. BTC/USD 1-hour chart. Source: TradingView Bitcoin traders brace for losses as $29,000 support breaks Data from Cointelegraph Markets Pro and TradingView showed BTC/USD returning nearer to its August lows after a shaky weekly close.

Bitcoin (BTC) is preparing a “full bull” BTC price phase in classic style, market cyclist Cole Garner believes. In social media analysis on Aug. 6, the popular on-chain analyst said that major upside awaits both Bitcoin and the broader crypto market. Bitcoin “bull market’s backbone” strengthening BTC price action continues to stagnate, but those looking

The classic buy and hold, or HODL approach to Bitcoin (BTC) outperformed the majority of crypto funds by 68.8% in the first half (H1) of 2023. According to data from Switzerland-based investment adviser 21e6 Capital AG, on average, crypto funds generated returns of 15.2% in the first half of 2023 (Jan.1 to June 30) ,

Bitcoin (BTC) inched higher at the Aug. 4 Wall Street open as mixed United States unemployment data rocked U.S. dollar strength. BTC/USD 1-hour chart. Source: TradingView U.S. unemployment gives mixed picture Data from Cointelegraph Markets Pro and TradingView followed BTC price action as BTC/USD set daily highs of $29,273. U.S. jobless figures came in below

Bitcoin (BTC) dipped below $29,000 on Aug. 3 as market concerns over largest global exchange Binance reignited BTC price downside. BTC/USD 1-hour chart. Source: TradingView BTC price analysis “expects” support retest Data from Cointelegraph Markets Pro and TradingView showed BTC price action heading lower before a modest comeback into the Wall Street open. Rumors over

Bitcoin (BTC) continues with its sideways BTC price action under $27,000 on May 22 as the bulls and bears find it hard to break the stalemate. Which way Bitcoin?  Notably, BTC price has fluctuated inside a narrowing ascending triangle range since May 11, defined by a horizontal resistance around $27,500 and a rising trendline support