Bitcoin Financial News

Bitcoin’s latest price dip to under $60,000 has raised questions as to whether the asset’s spectacular bull run this year could be ending earlier than expected.

Stablecoin Tether's recent growth is being driven by its use as an alternative to the U.S. dollar in emerging markets, rather than by demand for cryptocurrency trading, Tether CEO Paolo Ardoino told Reuters on Friday. Tether issues a stablecoin, also called Tether or USDT, which is designed to maintain a constant value of $1 and is widely used in crypto-to-crypto trading. It has grown rapidly in recent years, hitting more than $100 billion worth of Tether tokens in circulation in March. «In the last few years we have seen the usage of USDTgoing from pure cryptocurrency trading to being basically the most used digital dollar in the world», Ardoino said on the sidelines of the Token2049 crypto conference in Dubai, where industry enthusiasts gathered despite heavy rains this week disrupting life in the desert city.

Chaos has taken over the cryptocurrency space as we move closer to Bitcoin’s (BTC) April 19 halving event. Investors haven’t seen the considerable growth many analysts predicted would occur leading to its halving event.

crypto community is preparing for the upcoming Bitcoin halving event, where, as the name suggests, Bitcoin rewards will be cut in half. When it comes to the halving date, there are no fixed calendar dates, but it typically occurs approximately once every four years. Current estimates suggest that the next halving will take place sometime late Friday or early Saturday.

The halving is intended the underscore the value of bitcoin by capping its supply and increasing its worth. It was a process developed by bitcoin creator Satoshi Nakamoto, who has since disappeared. The halving will take place after bitcoin’s all time high price of $73,803 in March this year, and subsequent drop in the last few weeks.

April 19th, 2024 — Merlin Chain, the largest Bitcoin Layer 2 protocol by total value locked (TVL), is thrilled to announce the launch of its native token, $MERL. As a significant enhancement to the Bitcoin network, Merlin Chain facilitates the rapid growth of decentralized applications (DApps) across various sectors, including decentralized finance (DeFi), gaming and social platforms.

Bitcoin’s long-anticipated ‘halving’ is, depending on where you sit, a vital event that will burnish the cryptocurrency’s value as an increasingly scarce commodity, or little more than a technical change talked up by speculators to inflate its price.

As the Litecoin (LTC) price consolidates at the $80 level, some are asking whether 10x gains, or even a rally to $1,000 might be possible this crypto bull market.

Analysts have recently observed that the altcoin market cap has been the only constant despite the volatility in Bitcoin’s price over the past few weeks. Crypto traders have been closely observing altcoin markets to find the next big altcoin. 

Crypto derivatives exchange BitMEX’s Bitcoin perpetual swap XBTUSD is now offering 250x leverage, up from 100x, ahead of Bitcoin halving.

Bitcoin's latest «halving» occurred Friday night. Soon after the highly anticipated event, the price of bitcoin held steady at about $63,907.

The prices of most top cryptos have been whipsawing. But such volatility is to be expected before the Bitcoin halving event. 

Amid the whirlwind caused by the introduction of Spot Bitcoin ETFs and the looming Bitcoin halving, the cryptocurrency market remains abuzz with excitement and anticipation.

Bitcoin falls 8% in five days; here are 4 reasons behind the plunge The halving refers to an alteration in the foundational blockchain technology of Bitcoin, aimed at decreasing the pace of generating new bitcoins. Since its creation by the pseudonymous figure Satoshi Nakamoto, Bitcoin has been structured to possess a finite supply of 21 million tokens. This marks the fourth halving event in Bitcoin's history.

With the Bitcoin halving now just hours away, investors are asking whether BTC is the best crypto to buy now.

As Pepe (PEPE) consolidates within recent ranges following its ugly sell-off last week, Pepe holders are moving their investments to an exciting new Bitcoin project called 99Bitcoins (99BTC) as they hunt for exponential gains.

Bitcoin’s current price stands at $64,520, marking a decline of around 1.65%. This adjustment occurs amid broader market uncertainties but also as the crypto community turns its attention to the forthcoming Bitcoin halving event.

Andreas Brekken, the founder of SideShift.ai, a platform offering direct-to-wallet trading, sat down (in his hammock) for an exclusive interview with the Cryptonews Podcast.

Cryptocurrencies fell heavily and bitcoin broke below $60,000 on Friday in a rush out of risky assets following reports of an Israeli missile strike on Iran. Bitcoin slid more than 5.5% to $59,961 in the Asia session as the U.S. dollar rose broadly. Ether fell by a similar margin, dropping below the $3,000 barrier to $2,895.

Amid fluctuating market conditions, Bitcoin‘s price has dipped to $60,547, signaling a 1.74% decrease in the last 24 hours. This movement underpins ongoing volatility as traders and analysts closely monitor trends to update their Bitcoin price prediction.

SkyBridge Capital founder Anthony Scaramucci said that war or terrorist attacks could potentially lead to a 10% to 15% decline in Bitcoin’s value over the next year.