Bitcoin Financial News

The Solana price has risen by 2% in the past 24 hours, reaching $23.60 as the cryptocurrency market sees a very modest recovery from its dive earlier in the week.

In the latest episode of The Market Report, analyst and writer Marcel Pechman discusses the Worldcoin token launch, why it is controversial, and the differences between it and most altcoins. According to the analysis, investors should take time to understand the project before even considering an investment.

Bitcoin (BTC) remains stuck to the south of the $29,000 level amid a lack of fresh positive catalyst to sustain the bullish momentum that saw it hit fresh yearly highs around $31,800 earlier this month.

Binance's 120-page "Half-Year Report 2023 July 2023," released on July 20, provides insights into the current state of the crypto market, almost two years after its peak in late 2021.

On July 24, Bitcoin experienced a flash crash, plummeting to $29,000 in a movement now attributed to significant Bitcoin holders potentially liquidating their positions. 

Charlie Shrem – founder of the fallen Bitcoin (BTC) exchange Bitshrem – has pivoted to being a voice for regulatory compliance after being jailed for crypto violations eight years ago.

With the upcoming Federal Open Market Committee (FOMC) meeting scheduled for Wednesday, market participants are eagerly awaiting the outcome and its potential impact on various financial assets, including Bitcoin.

Broader cryptocurrency markets remain subdued, with bitcoin (BTC) trading just above $29,000 and ether (ETH) still in the mid-$1,800s ahead of the upcoming US Federal Reserve policy announcement on Wednesday.

Binance revealed that it is finally ready to roll out its full services on its recently-launched subsidiary platform in Japan. 

Seychelles-based cryptocurrency derivatives exchange Bitget has seen prolific growth in key metrics through the first half of 2023, driven by the integration of a recently acquired self-custodial wallet service.

Cryptocurrency-friendly trading platform Robinhood is moving forward with plans to launch services in the United Kingdom with a new major local appointment.

In the latest episode of Macro Markets, Cointelegraph analyst Marcel Pechman discusses the United States Federal Reserve’s delicate balancing act of curbing inflation without causing a recession and sheds light on the potential implications for the cryptocurrency market.

The price of Worldcoin (WLD) has hit a $20 billion market valuation barely 24 hours after launch, with the Sam Altman-founded coin hitting an all-time high of $3.30 soon after its listing on exchanges.

The price of Litecoin (LTC) has recovered a little after falling as low as $88 this morning, with its current level at $89.26 representing a 2% drop in the last seven days.

Bitcoin, the world's leading cryptocurrency, is facing a dip of 3% as it trades at $29,171 on Tuesday. The failure to sustain higher price levels may have influenced aggressive bearish sentiments, leading to short positions, while short-term bulls have chosen to secure their profits. 

Wall Street activity in the battle to provide custody services for the more than trillion-dollar digital-asset market is heating up rapidly, and in surprising ways, turning what would typically be considered a sleepy area of finance into one of the most lively sectors.

Japananese prime minister Fumio Kishida reaffirmed the country’s commitment to foster the Web3 industry, highlighting its potential to transform the internet and kindle social change. 

Ripple, last week witnessed a rally in the cryptocurrency market. However, the current week has been marked by increased volatility for most cryptocurrencies. Bitcoin began the week on a strong note, maintaining a position well above the $30,200 level. As the week progressed, it experienced a decline, slipping below the crucial threshold from Tuesday onwards. Despite briefly consolidating above the $30,000 level, Bitcoin faced further downward pressure as investor interest shifted towards alternative coins such as Ripple, Cardano, and Solana. These altcoins have demonstrated significant growth over the past week, luring attention away from Bitcoin. At one point during this week, Bitcoin hit its lowest level in a month, reaching $29,500. Currently, BTC is encountering resistance around the $30,000 level while finding support at the $29,600 mark. This tug-of-war between resistance and support levels indicates an ongoing struggle for dominance among bulls and bears. Traders and investors are closely monitoring these developments to better understand the market's direction and potential opportunities. Conversely, Ethereum, the second-largest cryptocurrency, previously trading comfortably above the $1,900 level, also witnessed a drop below that critical threshold. XRP, having achieved an impressive 70% gain in the past week, secured the fourth position with a higher market cap than BNB; however, it too, experienced sell-offs on Friday.

Crypto options exchange Deribit's future-looking Bitcoin (BTC) volatility index — used as a crypto fear gauge of sorts — has reportedly reached its lowest level in two years, indicating a possible lack of price turbulence for Bitcoin in the near future. 

Bitcoin has been in a month-long consolidation phase, characterized by low-volume transactions within the lower band over the past week.

Bitcoin-related investment products appear to have lost some of their sheen among crypto investors, recording its first week of outflows since Blackrock filed for spot Bitcoin ETF in June.