Bitcoin Financial News

Bitcoin (BTC) may not crash below $30,000 and instead jump to $100,000 before sweeping its lows.

One of the largest private financial entities in Argentina, Banco Galicia, has announced that it will allow some of its customers to trade, sell, and hold cryptoassets at a time when Argentina’s tax body has called for Latin American governments to bolster their crypto monitoring capabilities. 

Two committees of the Hawaii State Legislature — Commerce and Consumer Protection (CPN) and Ways and Means (WAM) — unanimously approved the launch of a specialized task force to explore the use and regulation of the crypto ecosystem.

Warren Buffett and Charlie Munger doubled down on their criticism of bitcoin at Berkshire Hathaway’s annual shareholders meeting on 30 April, while crypto enthusiasts appear unswayed.

Barring the dollar pegged Tether, all other crypto tokens were trading higher. Terra rallied 6 per cent, whereas Shiba Inu and XRP jumped 5 per cent each. Solana zoomed 4 per cent. Bitcoin, Ethereum and BNB rose up to 3 per cent each. The global cryptocurrency market-cap was trading higher at the $1.74 trillion, gaining about 2 per cent in the last 24 hours. However, total cryptocurrency trading volume dropped about 7 per cent to $80.19 billion.

Bitcoin crossed a major milestone in September 2021, when it became a legal tender for El Salvador. Although this move was condemned by financial regulators, the country’s GDP grew. This was a major development for Bitcoin as many countries considered El Salvador as an experiment and it seems like the Central African Republic has seen enough to follow the trend setter. It might be a matter of time until the next country makes the announcement.Flipkart jumps into Web 3Flipkart surprisingly tweeted on the 28th of April that it is now exploring Web 3.0. The timing of the announcement is interesting as it comes during an extreme uncertainty in the Indian crypto ecosystem. The second reason why it is surprising is that last April they mentioned that they would accept Bitcoin as a method of payment on their platform on April Fool's Day.

Dogecoin price has been on an extensive downtrend since its all-time high in May 2021. As mentioned in previous articles, this corrective phase is a blessing in disguise since it has formed a popularly bullish setup that shows the promise of an upcoming bull rally for DOGE.

Florida-based ratings and research firm Weiss Ratings has fired out a warning over the risks of crypto mortgages amid the current economic climate in the United States.

Crypto adoption is rising high on the political agenda in Latin America, where legislation is edging closer to promulgation – although Argentinean Bitcoin (BTC) and crypto miners have received a warning that if the chips are down, they could be ordered to power down their rigs.

The last time Bitcoin (BTC) traded above $50,000 was Dec. 27, 2021. Since then, four months have passed, but traders seem somewhat optimistic that inflation has hit the necessary threshold to trigger cryptocurrency adoption.

The start of May has seen a continuation of the weakness in crypto and equities markets and at the moment, there is no indication of any short-term factors that could reverse the bearish trend.

The last few weeks must have been hellish for paper hands who hold bitcoin (BTC). With a decline in the price of the cryptocurrency, the $40k level remained a static resistance level as the coin traded below this level for most of last week. How has the number one crypto coin fared in the past week?

The Bitcoin Mining Council (BMC) has responded to a letter sent to United States Environmental Protection Agency (EPA) Administrator Michael Regan by Democratic legislators last month with a letter of its own seeking to rectify inaccuracies about Bitcoin (BTC) mining and its environmental impact. 

The U.S. equity markets opened on a tentative note on May 2 but a minor positive is that the crypto markets led by Bitcoin (BTC) are holding above their immediate support levels. The price action over the next few days will be dictated by the outcome of the Federal Open Markets Committee (FOMC) on May 4. 

Bitcoin, the largest cryptocurrency began the month of May amidst a cloud of uncertainties. With a decision on United States monetary policy due Wednesday, markets attempted to align themselves with central bank policy. Given these headwinds, investors/trader might fear BTC’s further correction in price.

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

From the outside, it might look like the Lightning Network (LN) is a classic example of vaporware. It has long been touted as the layer-two solution that will make Bitcoin (BTC) more viable as an everyday medium of exchange, yet the fact remains that Bitcoin still isn’t used on a large scale for payments.

The Empire State made two appearances on the regulatory stage last week, and neither was entirely reassuring. 

Bitcoin (BTC) may continue its “bear market,” one trader says amid hope that a U.S. dollar reversal could soon improve BTC price action.

Despite the steady rise in prices of bitcoin and its growing acceptability among some of the traditional investment circles, Berkshire Hathaway CEO Warren Buffett claims that he would "not spend $25" even if he was offered all the bitcoin in the world.

El Salvador’s government-backed Bitcoin (BTC) wallet has reached significant success in terms of adoption, according to an exec at the cryptocurrency exchange behind the wallet.