Bitcoin Financial News

For the third time this year, the crypto market has managed to kill investors’ hopes by marking another rally followed by a quick drop leaving Bitcoin and other altcoins back at their lows.

In an interview with Cointelegraph reporter Joe Hall on April 12, David Olsson, global head of institutional distribution at BlockFi, shared his insight on the state of institutional adoption of cryptocurrencies. BlockFi is a financial services company that offers retail wealth management products such as crypto-backed loans, interest accounts, Bitcoin (BTC) rewards credit cards, etc. Meanwhile, for institutional investors, BlockFi's proprietary platform provides financing for capital efficiency, the ability to borrow coins for hedging and shorting, and institutional-grade trading infrastructure.

As the usage of the Bitcoin (BTC) Lightning Network is growing rapidly, now more than 80m users are estimated to have access to this network, compared with 100,000 users last summer, a new report from Arcane Research has found.

Just when bulls were thinking that things couldn’t go any lower, that’s exactly what the market did. Bitcoin finally fell right through the $40k level and was trading at $38,949.41 around press time. This time, the alts weren’t spared either as Ether dropped below $3k, and a whole host of coins and tokens followed.

Bitcoin (BTC) is in line for a relief bounce but still risks dropping all the way to $30,000 before May, new analysis warned on April 18.

London-based cryptocurrency exchange Exmo is the latest crypto trading platform to formally suspend its business in Russia and Belarus due to Russia’s invasion of Ukraine.

It has long been believed that investors possessing inside knowledge help drive cryptocurrencies’ price volatility, and a number of academic papers have been published on this topic. This is why Coinbase’s intention to regularly publish in advancea catalog of tokens being assessed for listing on its prominent trading platform is noteworthy. 

Taproot is the biggest upgrade Bitcoin (BTC) has seen since SegWit (Segregated Witness), providing the cryptocurrency with a range of new features that make it more private and more versatile. These include support for complex transactions involving multiple signatures, as well as the ability to make Lightning channels look like normal Bitcoin transactions.

The crypto market saw a broad sell-off led by ethereum (ETH) and other major layer 1 competitors falling between 4% and 7% over the past day. The fall led to a spike in liquidations, with some popular traders now speculating that the market could be getting ready for a reversal higher.

The gaming universe has evolved over the years, now enabling professional gamers across the globe to earn an income at esports tournaments. But it’s not just esports athletes that are making money gaming.

A major Russian banking association wants to criminalize keeping your own cryptocurrency keys.

One of the first proper alternatives to Bitcoin, Litecoin has amassed a huge following all across the crypto-community. While never as popular as BTC, LTC has carved a niche for itself, with its price valuation reflecting the same as well.

The average transaction fee per Bitcoin (BTC) transaction made a complete 360-degree over nearly two years to settle down at $1.039, a number which was last recorded back in June 2020. 

Bitcoin (BTC) starts a new week with all quiet on traditional markets but a storm brewing in crypto.

By Analytics Team, Giottus Crypto ExchangeBitcoin (BTC)’s vicissitudes played out yet again as its price is now around $40,450, down from the intra-week high of $43,400. The coin, after having successfully navigated the US Fed Reserve interest rate hike, showed a drop of 4.8 per cent over the week. Ethereum (ETH), which was inching towards the $3000-mark last week, is trading at $3,040, a weekly dip of more than 5 per cent. Bitcoin’s demand from major investors has been decreasing, as per data. Coinbase Pro, the professional trading body of US exchange Coinbase, reported outward movement of large tranches of Bitcoin from its books. Going by reports, the tranches even summed up to 30,000 BTC in a single day this week. March also had registered similar patterns.

From being used to issue verifiable caste certificates in Maharashtra, India to pledging $20 million to eliminate carbon footprint by the end of 2022, Polygon network has done it all. It even has over $4.1 billion in total-value-locked, according to DeiLlama, coming in eighth on the leaderboard.

Ripple CTO David Schwartz was the guest this week on the latest episode of the Thinking Crypto podcast. During the same, he discussed the future of NFTs with XLS-20, the Ripple ODL model, and how Ripple ODL is well ahead of any of its competitors.

Bitcoin (BTC) and most major altcoins have been relatively quiet during the holiday period from Good Friday onward. This suggests that cryptocurrency traders are not initiating large bets during the period when the U.S. equities markets are closed. That could be because of the tight correlation between Bitcoin and the S&P 500 and the uncertainty about the equity market’s performance in the next week.

There’s no denying the current narrative about Web3: it’s a boys club. And, if we keep affirming this narrative, it’s bound to come true. The truth of crypto as a boys club won’t just be detrimental to women — it’ll be detrimental to the entire promise and growth of Web3. 

The OG cryptocurrency, Bitcoin, has been a source of sorrow for many in 2022. Since the beginning of the year, it has been stuck in a range, peaking at around $48,000. Back in November 2021 – cryptos were on a roll and it seemed like nothing could stop them. Then came the crash that wiped out 50% of Bitcoin’s value in under three months.

With Bitcoin retracing below its 4-hour 20/50/200 EMA, the overall market structure slightly favoured the selling viewpoint. Accordingly, ApeCoin saw a reversal from the $13-mark and broke out of its up-channel.