Bitcoin Financial News

This week on The Market Report, the resident experts at Cointelegraph discuss dozens of pump-and-dump tokens purporting to be related to ChatGPT and Bing AI chat.

Bitcoin (BTC) faced selling pressure at the Feb. 21 Wall Street open as United States’ stock markets opened down.

Ether (ETH) fell short of a bullish breakout based on technical and on-chain analysis, suggesting that the consolidation below the $2,000 price level could continue in the medium term. At the same time, a lack of sellers and strong fundamentals will likely protect Ether from steep declines.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

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Polygon Labs has joined a slew of crypto firms that have laid off their employees. The move comes even though Bitcoin (BTC) and other cryptocurrencies have been making an upward move in the past few weeks. The firm announced today that it has cut its staff count by 20 percent, affecting multiple teams and nearly 100 positions.

Markets are exploding this week on the back of a sensational Chinese narrative.

The Bank of International Settlements (BIS) recently published its 59th bulletin titled “Crypto shocks and retail losses.” The report took a closer look at the aftermath of the crypto crashes of 2022, which affected millions of investors and left several firms bankrupt. 

Bitcoin (BTC) still lacks the on-chain volume and active address increases which characterize bull markets, research warns.

In a new report, CoinShares, a digital asset investment firm, reported a significant shift in investor sentiment toward cryptocurrencies. After several weeks of price growth for many digital assets, negative sentiment has re-entered the market, resulting in two consecutive weeks of outflows from digital asset investment products. 

In January 2023, during the World Economic Forum’s (WEF) annual conference in Davos, Switzerland, Jaime Leverton, CEO of Hut 8, a crypto mining entity that trades as a public company, sat down with me for a fireside chat at the Crypto Summit on the Promenade. Leverton outlined some of her views on the recent shakeout in the cryptocurrency market and reflected on how Bitcoin (BTC) mining fares during the current turbulent period for the industry.

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Bitcoin (BTC) matched six-month highs on Feb. 21 as the latest attempt to flip $25,000 to support ended in failure.

Grid trading is a quantitative trading strategy that involves placing automated buy and sell orders in an attempt to profit from the volatility of cryptocurrencies. Grid trading is a style of algorithmic trading that automates order execution by utilizing grid trading bots. 

Bitcoin and Ethereum are two of the most widely traded cryptocurrencies in the market, with both having experienced a lack of volatility over the past few days. As investors and traders eagerly await the Federal Open Market Committee's (FOMC) minutes scheduled to be released tomorrow, the question on everyone's mind is whether BTC and ETH are poised for a surge.

crypto market started the week with a correction after the US-based crypto exchange, Kraken, paused its staking service and paid a fine of US$30 million to the SEC last week for failing to register the service. Bitcoin started by trading at US$22,000 level and dropped to US$21,000 before the release of the US CPI data. After the release, most cryptocurrencies rallied. Bitcoin hit its highest peak since August on Thursday. BTC traded at the US$25,250 level. However, BTC could not sustain the gains and fell back to the US$23,000 level after the PPI data release, which was higher than expected, raising concerns among investors and traders over the inflation. Whenever there is a fear of inflation, BTC falls as it does not like it. Investors run short of funds to spend when interest rates go up. Hence BTC falls. Despite the decline, BTC is up by more than 72% from its cycle’s lowest point in January.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

Major cryptocurrencies were trading largely higher on February 21 as the global crypto market-cap rose 1.36 percent to $1.13 trillion. The total crypto market volume over the last 24 hours decreased 0.21 percent to $63.34 billion.

Bitcoin fixes broken democracies and fights government corruption by limiting its power to control its people, argues Bitcoin advocate and chief strategy officer of the Human Rights Foundation, Alex Gladstein.

Bitcoin 's price has been on the rise, with a trading volume of $40 billion entering the market. The BTC/USD pair has declined less than 1% within the past 24 hours, currently trading at $24,372.00. Despite this recent dip, its value has seen a notable increase of over 11% within the last seven days. 

In a new court filing , the unsecured creditors’ committee of Voyager Digital has issued subpoenas to top executives from FTX and Alameda Research.