Bitcoin Financial News

Fidelity Investments made waves in the retirement-planning industry when it became the first of the major record-keepers to roll out bitcoin for 401(k) plans. But fintech start-ups are moving in as well.

Coinbase's new derivatives unit is capturing the interest of new retail traders who are eyeing the crypto exchange's «nano» bitcoin product amid the company's collapsing trading volumes.

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Bitcoin (BTC) enters a new week with a question mark over the fate of the market ahead of another key United States monetary policy decision.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

"Teslas disclosure is really vague and not transparent," said an accounting professor.

Even as Ethereum (ETH), the world’s second-largest digital currency by market capitalisation, is up 50 percent in over a month and has played a crucial role in the recovery of the cryptocurrency market. The network’s co-founder Vitalik Buterin says the protocol will only be 55 percent complete after the ‘merge’.

Bitcoin, the largest cryptocurrency has continued to counter the selling pressure. The king coin witnessed heavy liquidations or outflows but managed to stay afloat above the $22k level.

The bulls are attempting to achieve a strong weekly close for Bitcoin (BTC), while the bears are attempting to regain their advantage. Analysts are closely watching the 200-week moving average which is at $22,705 and BTC's current setup suggests that a decisive move is imminent. 

Ethereum researcher, Vivek Raman, is convinced that Ethereum’s (ETH) upcoming transition to a proof-of-stake system will enable it to take over Bitcoin’s (BTC) position as the most prominent cryptocurrency.

Dogecoin (DOGE) and Shiba Inu (SHIB). It will not be faulty to say that meme coins seem a volatile investment compared to Bitcoin or Ether. If 2021 has been any indicator of the rise of meme coins, then 2022 is predicted to bring an era of meme coins being used as transactions for services. Essentially, meme coins are cryptocurrencies inspired by jokes or memes as we so like to call them. The first meme coin was the Dogecoin, originally launched as a parody of the Shiba Inu dog. Now, the challenge lies in changing perception, or rather have something as amusing as a meme to be considered an amicable investment. Cryptocurrencies are influenced by community-driven investors and social media trends, and therefore, it is significant to have audiences understand the fundamentals of meme coins. One key characteristic of meme coins is their unlimited supply. As of today, the market notes a total supply of 1 quadrillion tokens for Shiba Inu, and over 100 billion tokens in circulation for DOGE (basically no maximum supply). Interestingly, one can buy an ample amount of meme coin tokens by investing just USD 1, which can explain their relatively low prices, and why they seem to be an affordable investment compared to other cryptocurrencies.

Bitcoin (BTC) found strength at $22,000 into July 24 with bulls still aiming for a solid green weekly close.

The crypto market incurred one of the worst quarter performances over Q2 of 2022. All major cryptocurrencies fell hard during this period. Bitcoin [BTC] and Ethereum [ETH] headlined the steep decline of the state of the crypto market. The fall in asset prices has also resulted in a change in wealth distribution patterns across investors.

The collapse of Terra, 3AC, and insolvency crisis across crypto institutions has sent the market into severe bear tendencies over the course of Q2. Despite gradual recovery during July, the broader market remains tense and vulnerable right now. Bitcoin [BTC] is trading just below $22,900 while Ethereum [ETH] is mounting a massive rebound towards $1,600 after news of the Merge release date.

If you have been closely watching the crypto, or even invested in it, chances are that you are wondering whether the latest bear cycle is over. The truth is that the market remains unpredictable especially in the long-term. Despite this, here are some opinions and observations will help you to better understand the current market state.

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

The broader recovery of the crypto market in July has taken a new turn recently. Bitcoin [BTC] is effectively leading the charge with the latest bullish activity. However, suspicious whale movements have raised a few eyebrows in the market that have instilled FUD sentiment in the community.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.

The ongoing cryptocurrency bear market has triggered a massive decline in Bitcoin (BTC) mining profitability as BTC mining expenses outpace the price of Bitcoin.

The difficulty in mining a block of Bitcoin (BTC) was reduced further by 5% to 27.693 trillion as network difficulty maintains its three-month-long downward streak ever since reaching an all-time high of 31.251 trillion back in May 2022. 

Bitcoin recovers after falling on news Tesla sold 75% of its holdings