Bitcoin Financial News

Bitcoin’s recent Taproot upgrade birthed a new protocol known as Taproot Ordinals. This innovation now allows users to mint BRC-20 tokens on Bitcoin. While these tokens are still somewhat under the radar, their impact is increasingly evident in Bitcoin transaction numbers. The growing demand has put a strain on Bitcoin, resulting in higher transaction fees. For investors wanting BRC-20 tokens, availability is a key concern.

A restructuring plan for bankrupt Bitcoin (BTC) miner Core Scientific could be finalized by September and it expects to exit proceedings with an additional $46 million due to recent favorable market conditions.

In the exciting world of Bitcoin trading, all eyes are on the market as Bitcoin's price shows signs of a symmetrical triangle breakout. 

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Bitcoin Clever is a crypto trading platform that claims it is designed to help users trade quickly by "adapting to the market changes using the right tools." The platform claims to offer specific features that are alternatives to traditional modes of trading, allowing novice and veteran traders to generate wealth from the cryptocurrency ecosystem. 

Are we on the brink of a bullish surge in the price of Bitcoin (BTC)? 

Bitcoin has been moving less in tandem with tech stocks as sentiment around equities and cryptocurrencies diverges. The world’s largest cryptocurrency has been stuck below the $27,000 level this week, while the tech-heavy Nasdaq 100 has climbed 3.5%. The 40-day correlation coefficient for Bitcoin and the tech gauge slid to 0.19 on Friday, the lowest since April 25. A reading of 1 implies assets are moving in lockstep and minus 1 signifies the opposite. Before April, the lowest reading was in November 2021. Bitcoin and equities — particularly growth stocks — had been tied at the hip for a while as investor appetite for both boomed in an era of low interest rates. That has since changed since the start of the year, as uncertainty around the Federal Reserve’s path of rate hikes and the bank collapses in March prompted investors in each market to react differently.

As the possibility of a US debt default looms, the Bitcoin price prediction gains increased attention. 

The crypto market is currently on a downhill trajectory and has slipped below the $1.14 trillion stronghold to $1.12 trillion. 

Most cryptocurrencies' prices dropped in the latest week. Bitcoin earlier was looking like it might cross the $30,000 mark, but it's remained no higher than $27,000 at the start of a new week.

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Over the past decade, cryptocurrencies have firmly established their place in the financial ecosystem - and now emerging from the era of Bitcoin dominance, we have entered a phase where altcoins - particularly meme coins and tokens with unique utilities - are gaining traction.

Bitcoin, the leading cryptocurrency in the market, has been experiencing a period of consolidation, where its price has been range-bound and showing limited volatility. 

As Bitcoin (BTC) continues its upward trajectory, reaching a price of $27,000, the cryptocurrency market eagerly awaits the potential impact of a news-heavy week. 

Inexperienced traders usually chase prices higher during the end of the bull phase as they fear missing out on the rally. However, institutional investors tend to wait for the froth to settle before entering. Bitcoin’s (BTC) bear market in 2022 ended the hype that was seen in 2021.

A bearish market structure has been pressuring cryptocurrencies’ prices for the past six weeks, driving the total market capitalization to its lowest level in two months at $1.13 trillion. According to two derivative metrics, crypto bulls will have a hard time to break the downtrend, even though analyzing a shorter timeframe provides a neutral view with Bitcoin (BTC), Ether (ETH) and BNB, on average, gaining 0.3% between May 12 and May 19.

Bitcoin (BTC) is known for its immutability and the hard-coded rules that make the system secure but slow to modernize. However, that doesn’t mean the Bitcoin blockchain — the underlying network that empowers the original cryptocurrency — is closed to innovation and development. Even though the initial efforts to introduce decentralized finance (DeFi) to Bitcoin such as cross-chain bridges and wrapped tokens resulted in a massive wave of hacks and exploits in the DeFi space, developers continue to look for new and more reliable ways to tap into the unmatched liquidity of the BTC pool.

The divorce proceedings of a New York couple took a turn after a forensic accountant helped track down the husband’s 12 Bitcoin (BTC) stash, which he intended to hide from his wife.

In the volatile world of cryptocurrency, Bitcoin continues to be a focal point for investors and traders alike. 

Vivek Ramaswamy becomes the second Presidential candidate in the United States to officially accept Bitcoin (BTC) donations for the upcoming 2024 elections. 

Bitcoin (BTC) is poised to claim the cryptocurrency throne by the end of 2023, as its superiority “is going to be clear” in every aspect, according to Fedi’s CEO.