Bitcoin Financial News

Around the world, personal financial stress is peaking. A recent study in America found that more than three in four people feel anxious about their financial situation. This is seeding anti-risk mentalities and prompting fears around the safety of long-term savings, including retirement funds. 

Bitcoin (BTC) sank to intraday support on Aug. 16 as concerns emerged over the fate of United States stock markets.

While Bitcoin (BTC) has failed in countering this year's rampant global inflation, it should still be considered as an inflation hedge, says Steven Lubka, the managing director of private consumers at Swan Bitcoin. 

In a newly published report, CoinShares found that Uniswap’s UNI token led the group of altcoins that saw inflows in the last week with a total inflow of $100,000.

Bitcoin briefly surpassed $25,000 for the first time since mid-June, as momentum continued from a cooler-than-expected US inflation data and progress toward Ethereum’s big upgrade. The largest cryptocurrency rose as much as 2.2% on Sunday to $25,031, its highest level since June 13. It was trading around $24,750 as of 6 a.m. New York time, rising a fifth straight day in a streak fueled by US consumer-price index data that came in below expectations. Ether gained as much as 2% to $2,030.50, having surpassed $2,000 on Saturday for the first time since May 31 amid optimism about completion of its blockchain’s much-anticipated software upgrade known as the Merge. “The next CPI print will be released a mere two days before the Merge, at which point we expect a lot of pre-event momentum to be baked into the market,” said Fundstrat digital-asset strategist Sean Farrell, in a note Friday. “Long and medium-term investors should look to use any dips as buying opportunities.”Crypto struggled through the first half of the year as the Federal Reserve hiked rates to combat stubbornly high inflation, with the prices of Bitcoin, Ether and other tokens falling by more than 50%. With US inflation data coming in below expectations in the past week, potentially paving the way for less-aggressive tightening action from the Fed, risk assets like the Nasdaq 100 Index have advanced — helping foster gains in crypto, which has been strongly correlated with that stocks gauge for months.

Bitcoin Cash was one of the most successful forks at one point in time. Not to forget, the altcoin was hitting the highs of $1,550 as of last May.

Norway's exports reached a record in July, driven mainly by natural gas prices that have soared since Russia's invasion of Ukraine.

Long gone are the times when cryptocurrency was just a niche, far-fetched revolutionary ideal for the people who dreamed of achieving social change through technology, and those who could sniff a good investment.

Multiple explosions shook a Russian military base in Crimea on Tuesday, the latest in a spate of similar incidents on the occupied peninsula. 

Yes, your bitcoin is still down. But the weight of institutional cash being ploughed into crypto is growing by the week.

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According to a fresh prediction from crypto analysis firm Arcane Research, miners will continue to sell more BTC than they earn.

Embattled crypto lending platform Celsius Network may be in bigger trouble as its coin report shows that the deficit in its balance sheet is much more than the previously reported $1.2 billion reported. 

Bitcoin has not been able to leverage the broader market’s bullishness this time around. But it has been able to retain the support at the $24k level. Evidently, the market is shifting its focus from altcoins.

Brazilian brokerage giant XP Inc has officially launched its crypto trading platform ‘XTAGE' in Brazil, bringing a potential 3.6 million users to the crypto markets. 

A recent spike in short-term BTC holders could signal a “final flush” of sellers, meaning the capitulation events have played out, leaving the market ready for months of accumulation. 

Major cryptocurrencies traded in the red early on August 16 as the global crypto market cap declined 2.90 percent to $1.15 trillion over from a day earlier. On the other hand, the total crypto market volume over the last 24 hours jumped 21.48 percent to $77.99 billion.

Bitcoin and volatility are two words that often go hand in hand. Volatility means that the price of an asset might change rapidly and unpredictably, especially, for the worse.

On Aug. 15, Bitcoin (BTC) price and the wider market corrected while the S&P 500 and DOW looked to build on four-straight weeks of robust gains. Data from TradingView and CNBC show the Dow pushing through its 200-day moving average, a first since April 21 and perhaps a sign for bulls that the market has bottomed. 

Bitcoin (BTC) has been witnessing a tough battle between the bulls and the bears near the $25,000 level. A clear winner may not emerge in the short term due to a lack of a catalyst and because there is no major macro economic data scheduled for this week in the United States. Data points from Asia or Europe may increase volatility, but they are unlikely to start a new directional move.

The cryptocurrency market has evolved exponentially since Bitcoin first came into existence in 2009, with traders and investors having access to over 20,000 unique tokens to choose from.