Bitcoin Financial News

Extreme fear is once again the dominating sentiment across the cryptocurrency community after Bitcoin (BTC) faced another day of trading below the $40,000 level and the United States grapples with the highest Consumer Price Index (CPI) print since 1981. 

It would seem that Black Friday has come more than six months early. Yes, there were absolute scenes at crypto-exchanges after Bitcoin dipped below $40k before recovering to cling to a price of $40,059.17, at press time. This was after plummeting by 5.25% in a day, and losing 14.30% of its value in a week.

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Bitcoin (BTC) saw a brief boost on April 12 after the United States saw its highest Consumer Price Index (CPI) data since 1981.

Cryptocurrency mixers have been an interesting topic of discussion ever since the advent of cryptocurrencies and their adoption by retail investors around the world. 

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

With Bitcoin failing to break above key levels in the $40-$42K region, it plummeted toward the $39,000 level. Accordingly, XRP and VeChain projected a high correlation with the king coin whilst their near-term technicals indicated a bearish inclination.

The president of the Central Bank of Brazil confirmed that the country’s sovereign digital currency pilot will go live this year, Cointelegraph Brazil reported.

US headline inflation for March came in at 8.5%, slightly above analysts’ expectations. The number is up markedly from February’s reading of 7.9%.

Pledge, a fundraising platform, has created "PledgeCrypto,2/51" which allows non-profits to accept crypto donations in more than 130 cryptocurrencies, including Bitcoin, Ethereum, and Tether, and then turn them into fiat money.

A line often repeated among crypto enthusiasts at the Bitcoin 2022 conference in Miami last week: Bitcoin is an excellent gold-like haven and more people should buy it to protect themselves against inflation.

A crypto platform's pledge to amass $10 billion (€9.2 billion) worth of Bitcoin to back its own "stablecoin" is firing up the market. It's part of a wider movement to crown Bitcoin as the reserve currency of a new age.

bitcoin to back its own «stablecoin» is firing up the market. It's part of a wider movement to crown bitcoin as the reserve currency of a new age. Seoul-based Terraform Labs has so far built up nearly 40,000 bitcoin worth $1.7 billion in a series of purchases via a non-profit affiliate, Luna Foundation Guard, according to publicly available blockchain data. The spree follows Terraform co-founder Do Kwon's announcement on Twitter last month that the project would buy the $10 billion worth of bitcoin reserves to underpin TerraUSD, breaking ranks with other large stablecoins — a ballooning class of cryptocurrencies that aim to minimise wild price swings and are typically backed by U.S. dollar reserves.

Voyager Innovations, the firm behind the Philippines' top digital payments app Paymaya, has announced it has achieved unicorn status after a recent round of funding, surpassing a $1 billion valuation. 

A new study has revealed staggering growth in crypto adoption across Nigeria, fueled by limited access to affordable fiat-based financial services in Africa. 

The crypto market saw a huge wave of selling over the past two days. Bitcoin fell by nearly 10% from $43.3k to $39.8k, and Solana and Tezos also posted similar losses. Solana has been in a near-term downtrend since the bearish retest of $136. EOS and Tezos also had a bearish outlook on the shorter timeframes. Yet, the day after a sharp drop sometimes presents buying opportunities.

The correction in altcoins was steeper and sharper compared to the larger tokens. The rising cost of energy and disruption in the supply chain is hurting the sentiments further. All of the major crypto tokens were in the red on Tuesday. Solana and Shiba Inu dived about 9 per cent each, whereas Cardano and Dogecoin shed 8 per cent each. Terra fell 7 per cent, followed by Ethereum which declined 6 per cent.

Bitcoin is not just the best-known cryptocurrency but also the oldest. Six years ago, Bitcoin dominated the crypto market with 81% share, but that has fallen to 41%. At $803 billion, Bitcoin is still the most valued token followed by the fast-emerging Ether — the currency of Ethereum platform — at $389 billion. What has driven Ether’s popularity? And where is it headed? Aseem Gujar & Partha Sinha find out… Bitcoin may be synonymous with crypto as it was designed as an independent virtual currency that could also be a hedge against inflation. To facilitate Bitcoin transactions, blockchain — distributed ledger technology — was developed by its anonymous creators in 2008. A teen, who was introduced to crypto by his father in 2011, realised that restricting blockchain to financial transactions was Bitcoin’s shortcoming and went on to conceptualise a new platform called Ethereum in 2014. Presented ByDid you Know?DeFi is enabling

Seoul-based Terraform Labs has so far built up nearly 40,000 bitcoin worth $1.7 billion.