Bitcoin Financial News

Bitcoin (BTC) has the potential to become a "good bet" for investors if the Federal Reserve does everything it can to keep the U.S. economy afloat against impending recession risks, according to popular analyst Bitcoin Jack.

Bitcoin took a breather as investors booked profits, after the US Fed's chair Powell testified before the US Congress. Altcoins followed suit. Federal Reserve Chair Jerome Powell reaffirmed the US central bank's plan to raise interest rates this month for the first time since 2018. On the other hand, the saga in Eastern Europe continued. All of the top digital tokens were trading lower on Thursday. Avalanche tumbled as much as 6 per cent, whereas Cardano and Shiba Inu dropped 3 per cent each. Bitcoin and Ethereum also shed a per cent each.

While the West is growing increasingly concerned over Russia’s potential use of cryptocurrencies to evade sanctions, some Russians are using their Bitcoin (BTC) to help Ukrainian people.

Bitcoin (BTC) corrected from highs above $45,000 on March 3 as traders' optimism over continued upside remained in the driving seat.

Global cryptocurrency markets have rallied strongly in recent days in the wake of the Russian invasion of Ukraine, with Bitcoin's rising to $44,188 on Wednesday after falling to $36,370 last week. Other leading cryptocurrencies, including Ethereum, ripple and Solana, were either flat or up at least 2%.

Crypto financial services firm BlockFi has released the third edition of its Real Talk quarterly survey.

The Ukrainian government and non-profit organizations providing support to Ukrainians and the military have cumulatively raised nearly USD 53.5m worth of crypto assets, according to SlowMist AML, a blockchain security firm that tracks crypto donations sent to the government and four Ukrainian NGOs.

Bitcoin prices have surged as investors again appear to view the volatile cryptocurrency as a safe haven for their money and Russians and Ukrainians seek alternatives to their country's financial institutions. After initially falling to around $34,000 following Russia's advance into Ukraine last week, bitcoin pushed about 10% higher on Monday and is now up more than 25% in the past week, to $43,900 Wednesday afternoon. Other cryptocurrencies have also soared. Russians are exchanging their rapidly devalued rubles for bitcoin to try and mitigate the impact of the economic sanctions imposed by the international communities for their country's attack on Ukraine. The Ukrainian government has limited its citizens' ability to conduct electronic fund transactions, so Ukrainians are also turning to bitcoin and other cryptocurrencies. They're also buying stablecoins whose values are pegged to the U.S. dollar.

The next round of sanctions against Russia and wealthy individuals based in the country could target crypto and crypto exchanges, with Washington already taking aim at those hoping to secure their funds by making bitcoin (BTC) and altcoin buys.

In her new role, Liu will be responsible for driving Mode forward as the firm bids to deliver a one-stop app for users to shop, earn and grow their bitcoin. Says Liu: “Our vision is for Mode to become the UK’s first regulated crypto super app.

Western sanctions, which aim to squeeze Russia's economy and sever it from the global financial system, have forced companies and financial firms in their droves to halt business in the country. But many of the world's largest crypto exchanges — including Binance and U.S.-based Kraken and Coinbase — have stopped short of a blanket ban on Russian clients, despite a plea from the Ukrainian government for one. They said they would screen users and block anyone targeted by sanctions.

In a move that may suggest growing institutional interest in cryptocurrencies and NFTs, Nomura Holdings has announced it is establishing a new digital assets team to look into possible opportunities in the asset class.

Bitcoin and gold have been jousting in a long battle for supremacy over the year. With Russia invading Ukraine, financial markets across the world took a lot of heavy hits. For instance, Russia saw its stock market crash by over 45%. As expected, Bitcoin was not spared from this onslaught either. At least, for a while.

Bitcoin is moving towards the $45,000 mark after a sharp rise on Tuesday. The largest cryptocurrency in terms of market capitalisation is among the second best performers among the digital tokens, rising as much as 17 per cent in the last one week. Only Terra (LUNA) is ahead of Bitcoin, rallying over 70 per cent. The total marketcap of Bitcoin is inching towards the $900 billion mark. However, the volumes of crypto assets have dropped more than 12 per cent as Bitcoins worth $33.5 billion exchanged hands in the last 24 hours, the data suggest.

Multinational financial services giant Charles Schwab has responded to client demand to invest in cryptocurrency by filing with the Securities and Exchange Commission (SEC) to launch a Crypto Economy ETF.

The month of February, despite being highly volatile, turned out to be not so damaging in the case of Solana. The overall gains and losses canceled each other out by February 28 after the 20% rally, and the month’s total changes stood at 0.13%.

Hong Kong-listed virtual asset platform Huobi Technology Holdings has launched a cryptocurrency over-the-counter (OTC) service, the firm announced to Cointelegraph on Wednesday.

Bitcoin (BTC) pulled off an impressive double-digit rally this year, but the digital asset has been struggling to break the $45,000 resistance lately. This level does not hold any historical importance because it has been easily breached multiple times. The same can be said for Bitcoin's $850 billion capitalization, which isn't anywhere close to silver's $1.4 trillion, or the Amazon and Google's $1.7 trillion market value.

Bitcoin appeared to be recovering over the past two days after macro concerns worldwide had pushed the largest cryptocurrency to lose significant valuation, along with most other crypto assets. In fact, investors have been holding strong amidst the past week’s havoc, with digital asset flows registering renewed positive movement.

Investor sentiment across the cryptocurrency ecosystem has seen a significant shift in the positive direction over the past week, despite events in the wider world. Currently, Bitcoin (BTC) is back above $43,500 and many altcoins are also witnessing double-digit gains.

During its Q4 2021 earnings call late Tuesday, Adam Aron, CEO of iconic theatre-chain AMC Entertainment, briefed the community on the company's latest crypto adoption efforts. As told by Aron, AMC will start accepting Dogecoin (DOGE) and Shiba Inu (SHIB) "in a couple of weeks." AMC began accepting online payments for movie tickets via major cryptocurrencies last year. The company said it is also still exploring options to issue its own coin; an idea that has been in the making for quite some time as it monitors the current cryptocurrency regulatory framework.