Bitcoin Financial News

It’s the last week of the year, and the crypto market is ending 2022 on a slightly weak note, staying true to form. There were brief moments in which the asset class broke into an upward trend, but as it stands, Bitcoin remains just above $16,000 support levels.The market is undergoing a slow recovery, though some tokens are clearly outperforming the general market.

Grayscale Bitcoin Trust (GBTC) fell to a record 43% discount to the value of its underlying bitcoin assets after the collapse of FTX. 

Bitcoin has resumed one of its old habits: it’s back to posting big moves on weekends, a phenomenon that’s become an intriguing characteristic of the cryptocurrency market. Take last Sunday, when it gained 3.4%, a similar amount to what it notched the Saturday on the weekend prior. And the Saturday before that, the coin advanced 5.5%. That Bitcoin posts large moves is nothing new. But the token, like all other cryptocurrencies, trades around the clock, every day of the week, counter to most other assets, which tend to trade Monday through Friday on regulated exchanges. And it’s been seen in crypto markets in the past, with Bitcoin shooting higher — or posting big down days — while other assets are taking a rest from work. The most compelling theory on the strong weekend moves might be that liquidity is thinner, meaning that price swings on large orders can be more pronounced, says Noelle Acheson, author of the “Crypto Is Macro Now” newsletter. Liquidity has been thinner for Bitcoin recently, with traders and investors staying on the sidelines and hodlers hodling, she says. “Since the beginning of the year, volatility has picked up — still not at ‘normal’ levels, but getting there,” Acheson said. “This should herald the return of the weekend phenomenon, with lower weekend liquidity leading to stronger moves as traders and investors tentatively come back into the market.”

Bitcoin (BTC) rose 1.2% to $23,150, whereas Ethereum (ETH) was just below the $1,600 level. BTC volume in the last 24 hours stood at approximately $22.39 billion, falling 16.25% in the last 24 hours. «Bitcoin has been forming higher lows and higher highs, which may be an indication of a bullish trend. The 50-day moving average has crossed above the 200-day moving average, which could be a signal of a bull market. Additionally, the relative strength index (RSI) remains in the bullish territory above 50, indicating that there is still buying pressure in the market,» Rajagopal Menon, Vice President at WazirX said. Other top crypto tokens were also trading higher on Wednesday. Cardano rose 4.32%. XRP, Dogecoin, Polygon and Litecoin were also trading with gains. The global cryptocurrency market cap was trading lower around $1.05 trillion, rising 1.01% in the last 24 hours.

The market capitalization of Bitcoin (BTC) could reach as much as $200 trillion over the next nine years, if the legendary bitcoiner Adam Back is to be believed.

Bitcoin has continued its downward trend and has now slid below $22,000, while the global cryptocurrency market cap is on the verge of falling below the $1 trillion mark. Most cryptocurrencies, including Bitcoin and Ethereum, have seen drops in the past few days. 

Bitcoin (BTC) starts a new week just under $22,000 as bulls fail to reclaim lost ground in February.

Blockstream CEO Adam Back believes the price of Bitcoin (BTC) could reach $10 million by the end of the sixth halvening in 2032, as long as Bitcoin layer-2 technology and wallet infrastructure improves.

In the past few years, the cryptocurrency market has grown at a rate that has never been seen before. Bitcoin, the largest cryptocurrency by market capitalization, has led the way. As Bitcoin's price continues to trade sideways, investors and analysts closely monitor the market to predict where the price will go next. 

Bitcoin (BTC) price is trying to recover over the weekend but the current bounce lacks conviction. This suggests that dip buyers are nervous to load up before the release of January’s consumer price index data on Feb. 14 as that could boost short-term volatility. 

The first production update of 2023 from publicly listed Bitcoin (BTC) mining companies shows a steady increase in hash rate and a surge in BTC production compared to the previous month, according to a new analysis from Hashrate Index. 

Bitcoin (BTC) edged closer to $22,000 over the weekend as traders and analysts urged caution on overly bearish sentiment. 

Brazilian bank Banco do Brasil is offering a new and convenient option for taxpayers to settle their dues using cryptocurrencies.

The Bitcoin price prediction continues to remain unchanged, despite the fact that the world's largest digital asset by market capitalization has been in the news lately due to the recent surge in its trading volume. With a trading volume of over $40 billion in the past few days, the market is buzzing with activity, and many investors are wondering what this could mean for the future of Bitcoin. 

With an impressive 200 million viewers per Super Bowl, it's no surprise that this is one of the most gambled events in the world.

BItcoin (BTC) is beginning its “seventh bull cycle” and investors should not be scared of crypto post-FTX, Pantera Capital believes.

Global payment giant PayPal held $604 million of cryptocurrencies for its customers by the end of 2022, with Bitcoin and Ethereum accounting for almost 90% of that figure. 

While Satoshi Nakamoto is credited as the anonymous creator of Bitcoin (BTC), what often goes unnoticed are the selfless contributions of the community members — miners, developers, designers, hodlers and investors — that help materialize the original vision. However, one such significant contribution was found to carry an imperfection for over 12 years, invisible to the naked eye.

The price of Bitcoin and Ethereum took a downward turn this week, sliding amid reports that Kraken has settled with the US Securities and Exchange Commission and will now not offer its staking-as-a-service product to companies without regulatory approval.

Bitcoin (BTC) price and the wider crypto market corrected at the start of this week, giving back a small portion of the gains accrued in January, but it’s safe to say that the more experienced traders expected some sort of technical correction. 

The ratio between all Bitcoins moved at a profit and loss fell below 1 for the first time in more than two weeks on Thursday the 9th of February, according to data from crypto analytics firm Glassnode. The so-called Bitcoin Realized Profit/Loss Ratio fell to 0.9189 as Bitcoin’s price slumped to a new near-three-week low under $22,000 amid concerns about 1) a US regulatory crackdown that is for now focused on US-based crypto staking service providers, but could soon spread to other parts of the industry and 2) concerns that the Fed might end up raising interest rates more than expected this year.