Bitcoin Financial News

Bitcoin had dropped on Saturday to as low as $17,592.78.

Crypto lender Celsius Network said Monday that it needs more time to resume its operation by stabilizing its liquidity and further pausing activities on Twitter.

bitcoin inched above $20,000 on Sunday after the broader crypto selloff dragged it below the significant psychological threshold a day earlier. The price of the world's most popular cryptocurrency was $20,129.70 as of Sunday afternoon. On Saturday, bitcoin had plunged as much as 9.7% to less than $18,600 by late afternoon on the East Coast, according to the cryptocurrency news site CoinDesk. At some points during Saturday, it was below $18,000. On Sunday, though, the volatile cryptocurrency climbed higher, though it is still more than 70% below its November 2020 all-time high of nearly $69,000. Many in the industry had believed it would not fall under $20,000 again.

Bitcoin breached $20,000 level whereas Ethereum held above $1,000. The major cryptos have wiped off the gains they incurred in the last five years. Barring the stablecoins, all of the crypto tokens were trading with gains on Monday. Dogecoin zoomed about 13 per cent, whereas Ethereum was trading 12 per cent up. Bitcoin, Solana, Avavalance and Shiba Inu gained 6-8 per cent each.

In the hope of long-term gains, some brave investors are buying cryptcurrencies on dips in the market that has been under immense selling pressure in recent weeks.

It's been a difficult few months for the crypto market — with Bitcoin posting consecutive losses for an unprecedented number of weeks.

 The cryptocurrency industry was on edge on Monday as bitcoin struggled to stay above a key level, with investors fearing that problems at major crypto players could unleash a wider market shakeout.

El Salvador’s government is readying another crypto move – some nine months after it officially adopted bitcoin (BTC) as legal tender.

The cryptocurrency industry was on edge on Monday morning as investors feared that contagion from problems at major crypto players could unleash a major shakeout if not contained.

Solana Labs has released its latest upgrade on the network. The network upgrade has been well received by many in the community. Interestingly, despite the ongoing market correction, Solana [SOL] has managed to stay afloat as far as general price movement is concerned.

Bitcoin (BTC) starts a new week still battling for $20,000 support as the market takes in a week of severe losses.

Despite data showing that the Bitcoin (BTC) price may have fallen to the point of being unprofitable for the average miner, Marathon Digital Holdings says it will continue working to accumulate the leading crypto asset. 

Mumbai: Indian crypto investors continued to be under stress, anticipating that the worst may not be over for the crypto market, which recorded one of the worst crashes in the history of digital assets in the past week and wiped off a few hundred crores from the Indian crypto market. The world’s most popular digital currency, Bitcoin, broke the important $20,000 support level and even touched $18,000 on Saturday, its lowest level since December 2020. After reaching an all-time high of $68,789.63 in November 2021, Bitcoin has lost more than 70% of its value.

Bitcoin (BTC) has dropped over 33 per cent this week and has failed to hold support at the 2017 cycle high. It is now trading below $18,000, with the total crypto market cap hovering near $800 billion. The volatility has been aided by the US Fed’s interest rate hikes as well as liquidation issues faced by centralized DeFi platforms such as Celsius and the possible collapse of 3AC venture capital. Bitcoin’s demand from big investors has been decreasing, as per data. With the portfolio of most investors in deep red, the pain is likely to extend further. Micheal Saylor’s Microstrategy, Bitcoin’s biggest institutional investor, is down more than $400 million on its BTC investment. US-based exchanges have indicated a freeze in hiring for the rest of the year.

In between, a nascent technocratic industry with grand ambitions to reinvent the financial system was rocked repeatedly by echoes of past crises in the old system. It was a week of margin calls, forced selling and important collateral being exposed as way too illiquid in a time of crisis. There were rumblings of hedge-fund blowups, tales of opportunistic predatory trading, job cuts and loud denials of problems from key players proven wrong almost immediately. Amid it all, the myth was shattered once and for all that this new crypto financial system was somehow immune to — or even able to benefit from — the economic fundamentals currently punishing the old system.

Bitcoin on Sunday rose around 7.6% to $20,404 from its previous close, signaling a recovery from a sharp drop on Saturday.

Popular anti-crypto proponent Peter Schiff is once again making headlines following his latest prediction. The Euro Pacific Capital Inc. CEO recently claimed that he expects the future of the crypto-industry to be quite different from what it has been. He also notably added that he does not expect Bitcoin [BTC] to be part of cryptocurrency’s future.

Cryptocurrency traders are bracing for more turmoil after a market meltdown claimed more than 1,000 jobs and put the industry on the brink of a ‘crypto winter’.

Bitcoin (BTC) plummeted to $17,622 on June 18. This marked the first time in Bitcoin’s history that it has fallen below its previous cycle high. The United States Federal Reserve’s aggressive monetary tightening, a crisis at crypto lending platform Celsius and liquidity issues at investment fund Three Arrows Capital are creating a sense of panic among traders.

The crypto winter is here. It’s a trying time as prices grind down, but it’s the best moment to build and learn. For some Bitcoiners, the bear market is a time to plant trees or create memes. For those with kids, it’s a welcome recess used to broaden the minds’ of Bitcoin (BTC) minors. 

Questions continue to be asked of Celsius since it abruptly froze user accounts. With the crypto-winter in full swing, account holders are left in anguish over their holdings. Meanwhile, one analyst is in the news after he shared another thread about the “alleged” attack on Celsius.