Bitcoin Financial News

The Stock Exchange of Thailand (SET) is looking at launching a new digital asset exchange integrated with the cryptocurrency market, according to president Pakorn Peetathawatchai.

Bitcoin dropped to a more than two-week low as fears of a possible Russian invasion of Ukraine prompted some analysts to predict the largest cryptocurrency could slide toward the key $30,000 level. Bitcoin dropped for a sixth straight day, touching a low of $36,372 on Tuesday after Russian President Vladimir Putin said he’s recognizing two self-proclaimed separatist republics in eastern Ukraine and ordering troops there. Other cryptocurrencies also declined, with Ether off as much as 2.9% and XRP down as much as 6.7%. Bitcoin dipped below $40,000 level over the weekend and kept weakening as the Ukraine crisis deepened, undermining the argument that cryptocurrencies are a haven in times of geopolitical turmoil. At the same time, gold has reached its highest level since June.

Dogecoin and Shiba Inu dropped 10 per cent each. Bitcoin and Ethereum fell 5 per cent each. The global crypto market cap tumbled as much as 6 per cent to $1.67 trillion mark. On the contrary, the total crypto market volume jumped rallied more than 43 per cent to $101.33 billion.What's Cooking in India?The prime architect of India’s biometrics-based unique identity programme, Nandan Nilekani, feels that the proposed digital rupee should remain 'anonymous'. In a conversation with ET, the Infosys co-founder said concerns about surveillance will arise if all payment transactions are recorded and are visible. He adds that stablecoins can easily become un-stablecoins if there is a run on that currency.

Chip manufacturer giant Intel released the technical specifications of its Bonanza Mine bitcoin miner hardware at the 2022 edition of the International Solid-State Circuits Conference (ISSCC), saying that the miner provided greater efficiency than others in the market.

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Japan Exchange Group (JPX), the Tokyo Stock Exchange and Osaka Exchange owner, warned the public against companies that are misleading Japanese investors by selling crypto assets under the JPX brand. 

Bitcoin (BTC) fell to fresh lows on Feb. 22 as the aftermath of Russia's expected incursion into Ukraine triggered more market woes.

Blockchain analytics provider Glassnode has depicted a bearish scenario for Bitcoin as on-chain metrics suggest increased selling pressure is imminent.

The Cardano blockchain has experienced an explosion in on-chain activity and now trails only Bitcoin in current 24-hour transaction volume, surpassing Ethereum in the process according to Messari.

Cryptocurrencies traded in the red early on February 22 amid the impact of the Russia-Ukraine crisis. Russia's continued aggression towards Ukraine has prompted the United States and Europe to vow sanctions, further casting shadow over global markets.

Cryptocurrencies traded in the red early on February 22. The global crypto market capitalisation is $1.68 trillion, a 5.57 percent decrease over the last day. The total crypto market volume over the last 24 hours is $100.86 billion, a 43.65 percent increase.

Even though the market saw a green signal, Bitcoin and many other altcoins didn’t register skyrocketing rallies, unlike Solana. In fact, at one point, SOL was up by 12.37% from the lows of 20 February.

As Bitcoin kept challenging its $39,000-resistance, Chainlink registered a 4.4% 24-hour surge as it attempted to overturn its Point of Control. Moreover, the retracement phase pulled VeChain below its 20-50-200 SMA. The near-term technicals of VeChain and Sushi exhibited a bearish inclination but kept the bullish hopes alive as the buyers kept exerting pressure.

Will it or won’t it? That is the question many crypto-investors have as they wait with bated breath for Bitcoin to either cross $40,000 again or drop back to its $35,000 lows. However, not all investors are equal and there are some factors to keep in mind.

As cryptocurrencies have gone mainstream, macro-economic trends around the globe have begun to take greater precedence over price action. This has most recently been showcased by the market “resurgence” owing to border tensions between Russia and Ukraine.

Bitcoin (BTC) dipped below $38,000 on Feb. 21 but the bulls are attempting to arrest the decline and start a recovery. The sustained weakness in 2022 seems to have toned down expectations of a strong rally.

The weekend selling in the crypto market occurred despite a number of recent optimistic forecasts predicting everything from a bottoming out to an expected break in the correlation between crypto and traditional assets this spring.

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Sentiment in the crypto market changed its direction last week, with the 7-day average sentscore of the 10 major cryptoassets tracked by the market sentiment analysis service Omenics slipping from 5.41 a week ago to 5.26 today. 

Canada’s so-called “truckers’ protest” may be all but over, but its lasting effects are only just starting to be felt.

UK law firm Gunnercooke has said it will accept payment for its legal services in crypto assets such as bitcoin and ether.