Bitcoin Financial News

With Bitcoin rediscovering a way to its $37,000-base after seven weeks, the global market cap crumbled down toward the $1.8T-mark.

Uniswap seems to be making headway, not in recovering prices, but in falling to the lowest imaginable levels this month. As a result, investors who have been holding out hope are slowly realizing that they might have to lose their optimism soon.

Seed phrases, a random combination of words from the BIP 39 list of 2048 words, act as one of the primary layers of security against unauthorized access to a user’s crypto holdings. But what happens when your ‘smart’ phone’s predictive typing remembers and suggests the words next time you try to access your digital wallet?

US Fed in its forthcoming May 2-3 policy review, even as the US economy contracted 1.4 per cent in the March quarter. Similar concerns had led to a meltdown on Wall Street overnight. Bitcoin, the largest crypto by market value, fell 2.43 per cent in the last 24 hours to $38,607.36. It is down 2.3 per cent in the last seven sessions.

Gavin Jackson. «Their price has been extremely volatile: using them as a means of account would mean changing the price of goods and services daily according to the views of speculators. It also makes them an inadequate store of value: while their price has often rocketed upwards — helping some of the first to mine them or bet on their value to become millionaires — there is little guarantee you will be able to preserve this purchasing power for the future,» writes Jackson. The book «Money in One Lesson: How it Works and Why» was published by Pan Macmillan recently. The author says cryptos have struggled as a means of exchange, too. The algorithms make them secure but the volume of computing power needed to provide the proof of security has made small transactions prohibitively expensive, says the author.

At the Berkshire Hathaway Annual Meeting 2022, chairman and CEO Warren Buffett and vice-chairman Charlie Munger were back at their game. They elaborated on their investment decisions, spoke about market trends and follies, and ribbed each other. 

In this article

Two Doges are in a heated argument.

Crypto Compare released their monthly report recently. The report focuses on development and adoption of various product types by analyzing AUMs, trading volume and price performance.

Bitcoin (BTC) sits at a historically important price point for hodlers, but where could it be headed in the coming days?

Reassuring its position as the most resilient blockchain network against attacks, the Bitcoin (BTC) network recorded a new all-time high network difficulty for the second time this month in April — jumping from its previous all-time high of 28.587 trillion to 29.794 trillion.

It’s a strange day for metaverse tokens, no doubt about it. On one end of the spectrum, there’s The Sandbox [SAND] which lost about 6.52% of its value in the last day. On the other end, however, there was ApeCoin [APE] which blasted rug pull theorists right out of the water as it hit never-before-seen highs.

Bitcoin (BTC) fell into the May holiday weekend after late trading saw crypto losses echo "basically everything."

Swiss National Bank opposed to holding bitcoin as a reserve currency

A new rule imposed by Belgium’s financial regulatory agency, the Financial Services and Markets Authority (FSMA), will now require crypto exchanges and custodial wallet services in the region to register within a sharp deadline.

When times are tough — as in the pandemic — enterprising human nature goes into overdrive. People seek out alternative ways to make money. That could be one of the reasons why cryptocurrencies skyrocketed in popularity in the last few years, driven in part by large numbers of people sitting at home wondering how to beat low-interest rates and rising inflation.

Different metrics are telling different stories for the flagship cryptocurrency. Bitcoin worth more than $2.2 billion has been taken out of exchanges in the past weeks. Investors are keeping the prized crypto asset in cold storage and private wallets. This can be taken as a huge bullish signal.

Bitcoin tried its hand at $40,000 yesterday but was quickly stopped in its tracks. At press time, BTC underwent a fresh 2% correction as it traded at the $39.1 k mark. But BTC traders and investors are looking at the brighter side, i.e profits.

The total crypto market capitalization has been holding a slightly ascending trend for the past 3 months and the $1.75 trillion support was most recently tested on April 27 as Bitcoin (BTC) bounced at $38,000 and Ether (ETH) at $2,800 on April 27.

For years, cryptocurrency advocates have touted the world-changing capability of digital currency and blockchain technology. Yet with the passing of each market cycle, new projects come and go, and the promised utility of these “real-world use case” projects fails to satisfy.

The U.S. dollar index (DXY) turned down from its 20-year high on April 29 but that has not changed the bearish price action seen in Bitcoin (BTC) and the U.S. equity markets. Equities remain under pressure and this week, Amazon stock saw its biggest intraday drop since 2014 after uncertainty over the U.S. Federal Reserve’s tightening measures placed investor sentiment back into choppy waters.