Bitcoin Financial News

Bitcoin continued to trade sideways without much of a trend on lower timeframes, and the altcoin market also followed suit. Solana dropped toward the $50 mark once more, while PancakeSwap traded within a range between $4.36 and $4.78 in the past few days. Stellar Lumens saw some demand at the $0.124 support level, but it was unclear whether the buyers had more ammunition in store.

While there are risks associated with crypto investing, some see it as a way to boost their family savings, a recent study commissioned by crypto trading platform BitMEX shows. 

Bitcoin and other cryptocurrencies were rallying on 20 May as digital assets continued a recent outperformance of stocks, though there are signs in the derivatives market that crypto traders are preparing for a move downward.

The finance ministers and central bankers of the Group of Seven (G7), which comprises the world’s most advanced economies, have once again called for the rapid introduction of comprehensive regulations of cryptoassets in the aftermath of the recent UST stablecoin crash.

The spectacular meltdown surrounding the Terra stablecoin and Luna governance token might be generating headlines, but it’s no indication that the broader crypto asset marketplace is headed for a collapse.

As the bears take over and the markets slow down, Twitter user DeFi Edge asked crypto veterans, who experienced the bear market of 2018, what advice they would give to traders who are encountering it for the first time. 

The orange pilling adventure in El Salvador continues. In a video that beggars belief, 44 central bankers and financial delegates from emerging markets around the world shout “Bitcoin!” while posing for a photo in El Zonte, El Salvador:

Bitcoin (BTC) hit 48-hour highs overnight into May 20 as U.S. dollar weakness gave bulls some much-needed respite.

The US Senate approved on Thursday a massive aid package for Ukraine, as it continues to resist Russian aggression. Meanwhile, fighting continues in eastern Ukraine.

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

A pilot programme was initiated that provided access to up to ten selected crypto assets including Bitcoin, Ethereum, Bitcoin Cash and Litecoin.However, with the crypto markets in turmoil, the rollout has been suspended, with no time set on when it will resume.In a tech briefing to investors, CEO Matt Comyn says: “As events of the last week have reinforced, it is clearly a very volatile sector that remains an enormous amount of interest. But alongside that volatility and awareness and I guess the scale, certainly globally, you can see there is a lot of interest from regulators and people thinking about the best way to regulate that.“Our intention still, at this stage is to restart the pilot, but there is still a couple of things that we want to work through on a regulatory front to make sure that that is most appropriate.”The Australian federal Treasury is currently consulting on regulation around cryptocurrency, with submissions open until 27 May.

Bitcoin (BTC) support at the $30,000 level has proven to be quite resilient amidst the turmoil of the past two weeks with many tokens in the top 100 now showing signs of consolidation after prices bounced off their recent lows.

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

Pizza DAO, the decentralized blockchain project seeking to unite the global community of pizza fanatics with the technological potential of Web3, are celebrating Sunday's Bitcoin Pizza Day in authentic style.

Portugal intends to close a legal loophole that currently prevents the taxation of virtual assets and has made the country particularly attractive to cryptocurrency investors, Portugal's finance minister said on Thursday.

Over the past nine days, Bitcoin's (BTC) daily closing price fluctuated in a tight range between $28,700 and $31,300. The May 12 collapse of TerraUSD (UST), previously the third-largest stablecoin by market cap, negatively impacted investor confidence and the path for Bitcoin' price recovery seems clouded after the Nasdaq Composite stock market index plunged 4.7% on May 18.

In a bid to combat illegal activity and ‘regulatory arbitrage,' a Swiss-based think tank has urged greater international cooperation on cryptocurrency regulation.

With the Bitcoin (BTC) and crypto market appearing to stabilize after last week’s brutal crash caused by the collapse of Terra (LUNA), analysts are offering their takes on where the market may be headed next. And as usual, opinions are divided, with some predicting the bear market is “complete,” and others arguing that we are still “early in the Fed’s tightening cycle.”

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

Indian crypto businesses are struggling with the new tax policies as trading volumes have dried up and many established crypto firms are looking to relocate to more crypto-friendly jurisdictions.

Terra's recent collapse has been repeatedly singled out as the main source of weakness affecting crypto assets, but it's much more likely that a combination of factors are behind the start of this current bear market.