Bitcoin's Modest Rally Cut Short, Price Tumbles Back Below $61K
Bitcoin price fell due to disappointing U.S. economic data and hawkish remarks from the Dallas Fed President, contrasting with a recent high climb. [ more ]
The arrest of Samourai Wallet Bitcoin founders by the US DOJ led to a brief cryptocurrency market tumble and raised concerns in the crypto community. [ more ]
Argo Blockchain Slumps to Full-Year Loss on Bitcoin Price Slide
Argo Blockchain (ARB), the only U.K.-listed cryptocurrency miner, slumped to a full-year loss in 2022 as the price of bitcoin fell and mining difficulty increased, driving up costs.The London-based company reported a net loss of 194.2 million British pounds ($240 million) compared with net income of 30.8 million pounds the year before, it said in a statement.
Bitcoin Market Impact From Mt. Gox Repayments Will Be Limited: Matrixport
Featured Speaker Alex Thorn
Head of Firmwide Research Galaxy
Hear Alex Thorn share his take on "Bitcoin and Inflation: It's Complicated" at Consensus 2023.Bitcoin (BTC) slid 8% during the U.S. afternoon Wednesday on rumors that wallets tied to defunct crypto exchange Mt.Gox and the U.S. government are making transactions, crypto-services provider Matrixport said in a report Thursday.
Interest in Russian Crypto Channels on Telegram Declining, Analysis Shows Bitcoin News
Russians have been losing interest in Telegram channels devoted to cryptocurrencies and tokens, according to a new research covering the period since the start of the war in Ukraine.
When bitcoin plunges, Buttcoin cheers: the online community praying for crypto's death
s bitcoin plunged below $20,000 in mid-June, many cryptocurrency users were distraught over massive losses - with some reporting they had lost their life savings.
Pantera Capital on Bitcoin: We're in Next Bull Market Cycle Markets and Prices Bitcoin News
Crypto-focused investment firm Pantera Capital says bitcoin has seen its lows and we're in the next bull market cycle.Dan Morehead, the firm's founder and managing partner, noted: Over the long-term, bitcoin price has been in a secular uptrend of 2.3x annually over the past twelve years, on average.
Rising Bitcoin Prices Cause Cascade of Short Liquidations, Highest Ratio of Short vs. Long Wipeouts Since July 2021 Market Updates Bitcoin News
Market Updates by Jamie Redman The top two crypto assets have risen significantly in the past seven days, with bitcoin jumping 22.6% and ethereum increasing 18.6% against the U.S. dollar.According to market data, both crypto assets saw the largest increase on Saturday, Jan. 14, 2023.The sudden spike in value caused the highest ratio of short liquidations vs long liquidations since July 2021, according to a recent Alpha report from Bitfinex.
Mark Moss Predicts Regulatory Shakeup and End of Crypto Bull Runs, but Believes Bitcoin Will Endure Bitcoin News
According to Mark Moss, the CEO of Market Disruptor, significant regulation is coming to the cryptocurrency industry following the aftermath of FTX's collapse.He believes that future cryptocurrency bull runs probably won't happen.However, Moss says that bitcoin will continue to see demand as it is solving a problem that has plagued humanity from Day One.
Thanks to the FTX Collapse, Bitcoin's Price in November 2022 Looks to Join the 4 Previous Negative Novembers of the Past 11 Years Market Updates Bitcoin News
Since bitcoin's price was first measured in fiat value in 2010, only four out of the 11 Novembers in bitcoin's history have seen monthly declines.Eight of the Novembers in bitcoin's price history saw bitcoin climb higher from the first of the month to the last day of November.Following the collapse of FTX, an event that took place immediately after the first week of the month, it looks as though bitcoin's price in November 2022 has a high probability of ending with negative percentages against the U.S. dollar.
FTX says most customers will get all their money back less than 2 years after crypto fraud crisis | CBC News
FTX customers expected to receive back owed money, some more; interest payment included. Cryptocurrency value increased since FTX's collapse, leading to diminished losses for investors. [ more ]
Bitcoin price falls to $57,000 as investors brace for Fed decision
Bitcoin price falls to $57,300, lowest since Feb, as demand decreases among long-term holders and whales, ahead of Fed announcement on interest rates. [ more ]
Near Record High Funding Rate Suggests Bitcoin Pullback Not Over
Bitcoin recently hit a record high above $73,500 and retraced to $67,600, with potential for new highs indicated by positive funding rates.
High funding rates suggest dominance of long traders in the market, but historical data shows caution as similar rates in the past led to price drops. [ more ]
Crypto Traders See 20% Chance of Bitcoin Topping $70K by April End: DeFi Options Marketplace Lyra
Lyra's decentralized BTC options marketplace sees a 20% probability of prices rising above $70,000 by the end of April.
Traders on Lyra correctly positioned themselves for bitcoin's recent move above $50,000, but the low probability of a record move above $70,000 may come as a surprise. [ more ]
Europe's Central Bank Warns That Bitcoin Is on Its "Last Gasp"
Rebound, Schmebound The European Central Bank is throwing some major shade at bitcoin even as it bounces back following the FTX collapse.In a blog post titled "Bitcoin's last stand," published on its official European Union website, the ECB lobs a devastating takedown at the digital currency - and warns that its demise could just be getting started.