Bitcoin Financial News

Youtuber NasDaily endured a Bitcoin (BTC) baptism by fire. The entrepreneur and influencer with over 50 million followers invested $500,000 in Bitcoin —right before the bear market kicked in. 

Bitcoin (BTC) is bouncing back this week as a sudden surge challenges weekly highs.

Renowned billionaire investor Tim Draper insists that a time will come when women begin driving up the price of Bitcoin as more retailers start offering it as a more cost-effective payment option at shops.

After declining for eight successive weeks, the Dow Jones Industrial Average rebounded sharply last week to finish higher by 6.2%. However, Bitcoin (BTC) has not been able to replicate the performance of the United States equities markets and is threatening to paint a red candle for the ninth week in a row.

Just when you think you have seen enough, Bitcoin comes back again to surprise you. The crypto ‘Big Brother’ is smothering around the $29,000 zone and the future looks bleak at the moment. Bitcoin is about to end the ninth week on the bounce in losses as the larger crypto market continues to take hits.

Bitcoin (BTC) threatened to continue an unprecedented losing streak on May 29 as BTC/USD stayed in a right intraday range.

European Central Bank's President Christine Lagarde wants regulation of cryptocurrencies

Cryptocurrency transactions are not anonymous

Bitcoin is regaining its dominance of the cryptocurrency universe. It now accounts for 44% of total crypto market value, the most since October, just before the latest bull market peaked, based on data from CoinGecko. Bitcoin’s renewed hegemony is a reflection of how the collapse of the TerraUSD stablecoin earlier this month has ravaged smaller tokens like Avalanche and Solana.

Major cryptocurrencies traded in the green early on May 29 as the global crypto market cap increased 0.70 percent to $1.20 trillion over the last day. On the other hand, the total crypto market volume over the last 24 hours dropped 43.4035 percent to $51.11 billion.

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

Bitcoin is down again, and the slump just doesn’t seem to stop for the king coin of crypto. It has ended the past EIGHT weeks in losses and looks set to continue the rut. There is good reason for maximalists to be afraid of their beloved Bitcoin dropping below new support levels.

Bitfinex’s LEO token has become the talk of the town, quite literally. Especially ever since it became the latest entrant into the top 20 cryptocurrencies list. However, quite frankly, it didn’t reach here by its own merit. It just managed to somehow retain its value while the rest of the market around it has been going haywire all through the month of May.

Social volume is considered an integral part of the cryptocurrency market. This happens to be an extremely important indicator for traders/investors to determine future profitability.

Bitcoin might be registering tepid moves as of late but that doesn't mean investors have become less anxious about the largest cryptocurrency's prospect for further declines. The put-to-call ratio on the coin hit a 12-month high at 0.72, meaning that many traders are loading up on hedges in the event it embarks on another leg lower and its losses deepen. The ratio hit a high of 0.96 April last year before prices plunged roughly 50% the following month, according to option Skew data compiled by Babel Finance. It «signals cynicism in the markets with rising bearish sentiment,» said Josh Olszewicz, head of research at Valkyrie Investments. «Given the macro situation globally, and the near uniform risk-off trade currently dominating most asset classes, traders have followed suit with their Bitcoin strategies.»

This week the stock markets began to flash a little green and Bitcoin (BTC) is decoupling from traditional markets but not in a good way. The cryptocurrency is down 3% while the Nasdaq Composite tech-heavy stock market index is up 3.1%.

There are certain hidden costs involved while making payments through cryptocurrencies

From SEC’s lawsuit against Ripple to Washington’s urgency, this former counsel reveals it all

Bitcoin (BTC) analysts faced another day of frustration on May 28 as BTC/USD refused to offer volatility up or down.

The crypto market has been on a downward trajectory since the tail end of 2021. In early May 2022, it culminated in a dip that impacted traditional markets just as hard. The recent bust removed some speculation from the market. But the shakeup is different than in the past. There are still many more active users utilizing the Bitcoin network than we have seen in past cycles. Many more holders and true believers made it through to the other side. However, as this increases over time, one of the concerns some have over Bitcoin (BTC) may impact its adoption. There is an economic incentive, not just utility, that privacy coins can offer as a solution.

The Bitcoin network witnessed a historic event on May 12 when the network difficulty attained its all-time high of 31.251 trillion as miners mined nearly 50,000 BTC of the remaining 2 million tokens.