Bitcoin (BTC)

Not too long ago, bitcoin fell below the $30,000 mark and was trading for about $29.5K. The world’s number one digital currency by market cap was in a position that caused many people to feel extreme panic and talks of a crypto winter were once again meandering throughout the space. Bitcoin Is Bouncing Back and Analysts Say They Weren’t Worried However, the price appears to have rebounded somewhat, and bitcoin is back up to about $34,000. This is a near $5,000 price jump...

Bitcoin has shot back up to about $34,000 per unit at the time of writing. This is a good sign for many crypto traders and analysts alike as the world’s number one digital currency recently fell below the $30,000 mark to hit a new low of about $29,500, its smallest number since early January. Bitcoin Is Potentially Heading Back Up Now that bitcoin has shot up by approximately 15 percent, many financial experts are weighing in and wondering if this could signal a return...

Elvira Nabiullina – the Chief of Russia’s Central Bank – sounded a note of caution for investors to beware of the risks in the crypto market. She opined that digital assets are very volatile and warned investors to be wary of ”appalling” losses. Do Not Get Involved in Crypto The head of the Russian Central Bank, Elvira Nabiullina, shared her stance on whether people should enter the crypto market. In an interview with the local newspaper Komsomolskaya Pravda, she surmised...

Stronghold Digital Mining in Pennsylvania has managed to raise more than $100 million to establish a new firm. Stronghold Digital Is Carving the Way to Cleaner Mining The company has made a real name for itself during a time when bitcoin and cryptocurrency mining are the subjects of much controversy. Many analysts are convinced that bitcoin mining requires too much energy; that it boasts as large a carbon footprint as Las Vegas, Nevada, and that it consumes more...

UK authorities have made one of the largest seizures of cryptocurrency assets worth more than $190 million. Specialists detectives from the Met’s Economic Crime Command confiscated the funds after investigations on money laundering. UK Authorities Seize $140M in Crypto According to a press release from the Met’s Economic Crime Command, the local authorities made the “largest cryptocurrency seizure in the UK,” which is also believed to be “one of the largest globally.” As the...

The number of open shorts positions on leading cryptocurrency and derivatives exchange BitFinex is at a two-year high as bitcoin price returns to the monthly lows amid $30K. The current amount of shorts is the highest since June 17, 2019, forcing more traders to wonder whether BTC is set for further dips, which may lead to a first daily close below $30K since January 1st, 2021. Bitfinex Shorts Hit 2-Year High According to recent data by TradingView, short positions on...

Vocal Bitcoin bull Meltem Demirors believes that the ongoing crypto decline is just an ordinary correction, which would wipe out investors with ”paper hands.” She reminded that the primary digital asset has always been volatile and assured that it is ”here to stay.” ‘You Can’t Have a Number Go Up Forever.’ The current situation in the cryptocurrency space doesn’t look bright, from a short-term perspective. The dollar value of the largest digital asset by market capitalization...

A survey conducted by the American multinational investment bank JPMorgan Chase & Co. revealed that most big investors do not find the crypto market appealing as only 10% of the participants asserted they trade digital assets. Moreover, 30% of the people agreed with Warren Buffett’s opinion that BTC is a ”rat poison.” The American Institutional Investors Stay Away from Crypto JPMorgan Chase & Co. surveyed around 3,000 US investors from more than 1,500 institutions....

Twitter CEO Jack Dorsey nutzte seine Reichweite auf der Social Media Plattform, um ein neues Bitcoin-Projekt zu bewerben. Unter dem Namen „The B Word“ will das Projekt vor allem Institutionen über Bitcoin aufklären, um die Mass Adoption voranzutreiben. Bitcoin News: Twitters CEO promoted Bitcoin-Projekt The B WordDas Projekt wird offiziell am 21. Juli in diesem Jahr gelaunched – Live-Events, Diskussionen und eine Datenbank an Resourcen und Infomaterial wurden angekündigt. Jack Dorsey selbst...

Another weekend starts with another adverse price movement for bitcoin as the asset dropped by several thousand dollars to below $31,000. The alternative coins are also deep in red, with ETH dumping below $1,800, and the total market cap has seen $160 billion gone in a day. Bitcoin Plummets Below $31,000 It’s almost becoming a tradition for BTC to head south when the weekend starts. The cryptocurrency was actually looking healthy yesterday after it had recovered from the...