Bitcoin Price Financial News

Bitcoin's (BTC) long-term profitability has declined to levels last seen during the previous bear market in December 2018. According to data shared by crypto analytic firm Glassnode, BTC holders are selling their tokens at an average loss of 42%.

Bitcoin (BTC) returned to intraday resistance on Sep. 30 as analysis predicted that $20,000 could break before a new comedown.

Kaiko Research, in what analysts said was likely a rush by investors to dump their sterling for the digital asset or profit from arbitrage. The pound fell to a record low against the dollar on Monday, having plunged the previous Friday after the UK government announced unfunded tax cuts. The volume of transactions in the bitcoin-sterling trading pair across eight major exchanges globally spiked to a record high of 846 million pounds ($920 million) on Monday, according to Kaiko Research, compared with an average of around 54.1 million pounds a day so far in 2022. The surge was likely due to traders swapping sterling for bitcoin, said James Butterfill, head of research at crypto firm CoinShares.

111 days have passed since Bitcoin (BTC) posted a close above $25,000 and this led some investors to feel less sure that the asset had found a confirmed bottom. At the moment, global financial markets remain uneasy due to the tension in Ukraine increasing after this week’s Nord Stream gas pipeline incident. 

Bitcoin (BTC) traders lay in wait for fresh volatility on Sep. 29 as BTC/USD cooled near $19,000.

Bitcoin (BTC) staged a welcome comeback after the Sept. 28 Wall Street open as bulls faced off with whale-sized sellers.

Bitcoin (BTC) is in a “dire condition” when it comes to adoption — but a silver lining is already visible, new research says.

Bitcoin (BTC) hit new weekly lows into Sep. 28 as risk asset drawdown continued overnight.

Markets briefly flashed green on Sept. 27 as equities markets bounced back from Sept. 26’s pullback, bringing the Bitcoin (BTC) price back to the long-term descending trendline resistance, which currently resides at $20,100. 

Bitcoin (BTC) is seeing some of its oldest coins come back to life after a decade lying dormant.

Bitcoin and other crypto tokens extended their losses on Monday. Crypto assets continue to remain under pressure over the global macroeconomic environment. Barring the USD Coin, XRP and Polkadot, all top crypto tokens were trading in the red on Monday. Solana and Shiba Inu plunged 3 per cent each. Cardano, Polkadot, Polygon and Avalanche shed 2 per cent each. The global cryptocurrency market cap was trading marginally lower at $926.12 billion, dropping about a per cent in the last 24 hours. However, the total trading volume jumped almost 3 per cent, close to $54.33 billion.Global UpdatesBitcoin miner Iris Energy signed a deal to sell up to $100 million in equity to investment bank B Riley over the next two years, marking the bank's second big investment in the industry that is facing serious market headwinds.

Bitcoin (BTC) delivered long-anticipated volatility on Sep. 27 as a squeeze higher resulted in a push beyond $20,000.

Bitcoin (BTC) volatility edged higher during Sept. 26 as the Wall Street open avoided significant losses.

The major United States stock market indices continued their decline last week as worsening macroeconomic conditions increased concerns of a global recession. The Dow Jones Industrial Average closed at its lowest level in 2022 and major indices recorded their fifth weekly close in the past six weeks.

A Bitcoin (BTC) on-chain indicator, which tracks the amount of coin supply held by long-term holders (LTHs) in losses, is signaling that a market bottom could be close.

On this week’s “The Market Report” show, Cointelegraph’s resident experts discuss why the crypto market is dumping after the Ethereum Merge and why the bears are winning.

Merge, Ethereum (ETH) registered its biggest fall in a month on Friday, breaching $1,500 in a knee-jerk reaction after the network overhaul. The second-largest crypto asset, which has shifted its mechanism to proof-of-stake (PoS) from proof-of-work (Pow), in a one-of-a-kind upgrade, had topped $2,000 due to the Merge euphoria but took a sudden beating. Ethereum tumbled roughly 12 per cent from the $1,645 mark to test $1,450 levels on Friday before trading around $1,475 at 13.20 hours IST, the data from coinmarketcap suggested. Ethereum's total m-cap plunged to $180.25 billion, and its volumes sank 14 per cent as tokens worth $20.8 billion exchanged hands in the last 24 hours, suggests data.

Bitcoin (BTC) exchanges have seen huge volumes this month as price declines lead to renewed interest in trading.

In this week's episode of Market Talks, we welcome Julian Hosp, CEO and co-founder of Cake DeFi.

Bitcoin (BTC) spent a second day threatening $20,000 support on Sept. 15 as markets processed the Ethereum (ET Merge.

Bitcoin managed to hold $20,000 levels. The latest red-hot inflation numbers have put global investors on edge about the potential actions by the US Fed in its meeting next week. The FOMC is likely to push interest rates by 75 basis points, while a 100-bps hike can not be ruled out. Barring the US dollar-pegged Tether, all other major crypto tokens were trading lower on Thursday. Shiba Inu and Avalanche dropped 3 per cent each, whereas Bitcoin, Polkadot and Polygon shed 2 per cent each. The global cryptocurrency market cap was trading lower at $990.19 billion, dropping almost a per cent in the last 24 hours. However, total trading volume tumbled as much as 23 per cent, close to $78.30 billion.