Tag Archives: btcusd

After another unsuccessful attempt to decisively overcome the $50,000 price mark, Bitcoin has fallen to $49,000 again. Altcoins, which showed brief signs of recovery yesterday, have dropped again, with Ethereum beneath $1,600 and BNB back to $240.Bitcoin Drops Below $50,000 AgainThe past several days didn’t go well for the bitcoin bulls as the cryptocurrency plummeted by more than $13,000 in about a day or so at the start of the week. They attempted a rapid recovery, which drove the...

The head of the Bank of Korea, Lee Ju-yeol, said that Bitcoin and other major cryptocurrencies lack intrinsic value. However, he believes that all assets will continue to experience significant price fluctuations.Price Surge Because of Pro-BTC Institutional Investors?The chief of the Bank of Korea said cryptocurrencies, including Bitcoin, do not possess inherent value. In a recent news report, Lee Ju-yeol blasted the highly volatile nature of the digital asset industry.“There is no intrinsic...

The self-proclaimed Satoshi Nakamoto, Craig Wright, has filed yet another lawsuit within the cryptocurrency industry. This time, he has targeted the developers of BTC, BCH, BSV, and BCH ABC requesting that they retrieve access to BTC stolen from his personal computer worth about $5 billion.CSW Sues BTC Developers Because he was HackedWright has publicly claimed that he is the person behind the Bitcoin network for years – Satoshi Nakamoto. This narrative, which lacks any conclusive evidence,...

Users of the popular browser Opera will have the option to purchase cryptocurrencies directly from it following a partnership with the crypto-fiat processor Simplex. The integration will also enable users to set up personal cryptocurrency wallets to store the newly-purchased digital assets.Opera Users To Buy Crypto From The BrowserFounded in 2014, Simplex describes itself as a company that has “been changing the status quo of crypto on/off ramps.” In a press release shared with CryptoPotato,...

MicroStrategy, the company, spearheaded by one of Bitcoin’s biggest proponents, MicroStrategy, has just confirmed the purchase of another 19,452 BTC.In an announcement published today, February 24th, MicroStrategy, the largest independent publicly-traded business intelligence company, has revealed the purchase of 19,452 bitcoins.The company paid approximately $1,026 billion in cash for the BTC.The average price at which MicroStrategy executed the trades is approximately $52,765 per coin,...

Electronic payment processing company Square has been getting heavily involved with Bitcoin and has quietly tripled its equity.On its Fourth Quarter and Full Year 2020 Results announcement this Thursday, the company owned by Jack Dorsey – who is also the CEO of Twitter – revealed that after its initial Bitcoin purchase, it kept on buying Bitcoins until it had 3,318 more BTC for a total of $170 million.The company does not disclose whether it was all in one transaction. Still, it is most...

Bill Gates is not bullish on bitcoin because of the massive energy the cryptocurrency uses. The billionaire philanthropist said that during a recent interview and also warned people who have less money than Elon Musk to be wary of potential financial losses if invested in BTC.Gates on Musk and BTCEver since news broke that Elon Musk’s electric vehicle and clean energy company, Tesla, had allocated $1.5 billion in bitcoin, speculations have run rampant within and outside the community about...

Bitcoin plunged. It lost somewhere around $13k, or 25% in the past couple of days. It’s not alone. The entire crypto market is bleeding.Data from CoinMarketCap shows that the capitalization lost around $365 billion since Sunday. For reference, last year, on this date, the total market cap of all cryptocurrencies was $283 billion. There’s no sugarcoating it – the crash is substantial, and it might not be over yet.Cryptocurrency Market Cap. Source: CoinMarketCapBut what led to it? Well, there’s...

The heavy correction in Bitcoin’s price continues for a second day with another sharp 17% price plummet only today, and a total of 25% since hitting the current all-time high of $58K just two days ago.The recent drop is largely attributed to the fact that there was a cascade of long liquidations, causing a snowball effect within the market and driving it even lower. As of now, today’s low lies at $44,845, according to Bitstamp.Looking at the bigger picture, Bitcoin has now dropped beneath the...

Bitcoin’s price slumped by more than $13,000 in about a day after its latest all-time high above $58,400. According to on-chain data, exchanges saw the highest one-hour inflow spike in months shortly after the price peak, which could have propelled the steep decline.BTC Price Fall Predicted by Exchanges Inflows?Just yesterday, the situation within the crypto space seemed all cheerful, optimistic, and hopeful, as BTC had just broken another record and had $60,000 in its sight. Not a lot could...