Bitcoin Financial News

Sam “SBF” Bankman-Fried, the former CEO and co-founder of crypto exchange FTX, has pleaded not guilty to fraud and money laundering charges levied in an updated indictment by prosecutors, according to a report. 

Cryptocurrencies like Bitcoin (BTC) have failed to reduce but rather have “amplified financial risks” in less developed economies, according to a new study published by the The Bank for International Settlements (BIS).

crypto investors, with Bitcoin seeing its most significant weekly drop since the November 2022 FTX crash. In the past week, Bitcoin declined 11.5%, hitting $26,023.3, according to CoinGecko's data as of 5.30 pm on Monday. Similarly, significant alternative cryptocurrencies like Ethereum fell 9.7%, Ripple lost 16.9%, Solana crashed 13.3%, and memecoins such as Dogecoin and Shiba Inu declined nearly 16%. The broader market was already in a bear phase, but Bitcoin faced an 8% plunge on August 18 as Elon Musk's SpaceX reportedly divested its Bitcoin holdings, akin to Tesla. SpaceX had accumulated $373 million in Bitcoin during 2021-2022.

The Bitcoin (BTC) metric that nailed the pit of the 2022 bear market says its uptrend is still intact.

Base-based, Twitter-linked Friend.tech app has seen revenue, fees, and activity jump significantly since Friday - surpassing a number of large projects, Layers 2, and Layers 1. 

The South Korean city of Cheongju, the capital of North Chungcheong province, has said it intends to begin confiscating cryptocurrency from local tax delinquents.

The speech will provide a chance to give his latest views on whether more policy tightening will be needed to bring down inflation amid surprisingly strong economic growth, or if enough progress on disinflation has been made to hold rates steady. Other top crypto tokens, BNB (3.5%), XRP (1.6%), Cardano (3.4%), Solana (2.7%), Polygon (4.8%), and Shiba Inu (4.6%) were also trading lower on Tuesday. Meanwhile, the global cryptocurrency market cap declined 0.76% to around $1.05 trillion.

In the ever-evolving landscape of cryptocurrency, the price of Bitcoin price currently hovers at $26,051, experiencing a marginal decrease of 0.25% on Tuesday.

Macroeconomist Lyn Alden has cast doubt on a proposal that would see five countries work together to develop a common BRICS currency — arguing it will likely struggle to get off the ground and fail to dethrone the United States dollar.

A mysterious Bitcoin wallet has surged up the ranks to become the third largest holder Bitcoin (BTC) in the world in just over three months, with the timing sparking some wild theories about its owner.

bitcoin buffs have a shiny new derivatives playground that cryptocurrency analysts hope will fire up a moribund market. Their new platform is cryptocurrency exchange Coinbase Global, which on Aug. 16 became the first crypto-focused firm to win approval to offer cryptocurrency futures to U.S.

bitcoin buffs have a shiny new derivatives playground that cryptocurrency analysts hope will fire up a moribund market. Their new platform is cryptocurrency exchange Coinbase Global, which on Aug. 16 became the first crypto-focused firm to win approval to offer cryptocurrency futures to U.S. retail customers. It's early days. But crypto markets are excited by the possibility that the first regulated and listed crypto firm to offer futures trading to U.S. retail investors might revive a shrinking $2 trillion cryptocurrency derivatives market. «Coinbase's approval to offer U.S. futures has the potential to rekindle hope and momentum in the market,» said Lucas Kiely, chief investment officer of digital investment platform Yield App.

Treasury yields are sending shudders through riskier areas of the market, leaving investors to wonder how badly it will dent a rally that has lifted everything from stocks to bitcoin this year. Strong economic growth has spurred expectations that the Federal Reserve will leave rates higher for longer, pushing Treasury yields this month to their highest levels since 2007. That climb has made them harder to ignore for holders of stocks and other speculative assets, which have rallied for most of the year even as yields moved steadily higher. The S&P 500 has lost 4% this month as the U.S.

Industry insiders claim Argentina is experiencing a rise in stablecoin buying as black market dollar market prices spiral upward.

crypto investors with Bitcoin seeing its most significant weekly drop since the November 2022 FTX crash. In the past week, Bitcoin declined 11.5%, hitting $26,023.33 according to Coingecko's data at 5.30 PM on Monday. Similarly, significant alternative cryptocurrencies like Ethereum fell 9.7%, Ripple's lost 16.9%, Solana crashed 13.3%, and memecoins such as Dogecoin and Shiba Inu declined by nearly 16%. The broader market was already in a bear phase, but Bitcoin faced an 8% plunge on August 18 as Elon Musk's SpaceX reportedly divested its Bitcoin holdings, akin to Tesla. SpaceX had accumulated $373 million in Bitcoin during 2021-2022. “Bitcoin’s fall below $26000 last week was the biggest decline for BTC in almost over a year,” said Siddhartha Gupta, SVP, Business and Strategic Alliances, CoinDCX. Simultaneously, investor concerns were heightened by the Federal Reserve's July minutes suggesting possible interest rate hikes.

Digital asset investment products saw $55 million in outflows for the week of September 13-19, according to a report from CoinShares. 

Stock and crypto trading platform eToro listed Bitcoin (BTC) on its exchange in December 2013. Two months later, the asset’s price plummeted from $1200 to $150 after the fall of Mt. Gox, the world’s largest Bitcoin exchange at the time.

In the past few months, Bitcoin (BTC) traders had grown used to less volatility, but historically, it's not uncommon for the cryptocurrency to see price swings of 10% in just 2 or 3 days. The recent 11.4% correction from $29,340 to $25,980 between August 15 and August 18, took many by surprise and led to the largest liquidation since the FTX collapse in November 2022. But the question remains: was this correction significant in terms of the market structure?

The past week dealt a blow to Bitcoin's recent uptrend that started in June, steering us toward a critical support zone.

After last week’s sharp 10.5% decline, which marked Bitcoin (BTC)’s worst weekly performance so far this year, the BTC price has largely settled on Monday.

After the sharp fall on Aug. 17, Bitcoin (BTC) remained stuck inside a tight range over the weekend. This suggests indecision between the bulls and the bears about the next directional move.