Bitcoin Financial News

Bitcoin’s price has meandered the last few days, the largest cryptocurrency by market value has staged a modest under-the-radar recovery from its wintertime swoon. Bitcoin is on pace to post its third consecutive weekly increase, climbing almost 19% during the stretch, to trade around $43,500 as of 1:06 p.m. in New York. It dropped below $33,000 on Jan. 24, a decline of more than 50% from its all-time high of almost $69,000 reached in early November. The crypto market has been rattled as of late by growing expectations that central banks, led by the Federal Reserve, are poised to pull back on the pandemic-era stimulus that many observers credit for fueling the surge in risk assets over the past few years.

Last year, El Salvador dominated headlines as the first country to adopt Bitcoin as legal tender. The move is controversial both in and outside of the country, heralded for its potential to bring financial services to large portions of El Salvador’s unbanked population and criticized for its top-down implementation. This has created a sense of uncertainty and made some Salvadorans feel they lacked a choice, despite locations like El Zonte already accepting Bitcoin (BTC) as payment through organic developments that predate the law.

Investors are bracing for more gyrations in bitcoin and other cryptocurrencies, as worries over a hawkish Federal Reserve threaten to squelch risk appetite across markets. The volatility traditionally associated with cryptocurrencies has been on full display in recent weeks. Bitcoin, the largest cryptocurrency, is up by around 33% since Jan. 24 and recently traded at $43,850, rebounding from a tumble that cut its price in half from November's record high. Its main rival, ether, is up around 45% since Jan. 24 at around $3,200, following a nearly 56% nosedive from its record high of $4,868, also in November. While proponents of cryptocurrencies once touted their lack of correlation to other assets, bitcoin and its peers saw huge gains over the last two years, rallying along with stocks as the Fed and other central banks pumped unprecedented levels of stimulus into the global economy. Bitcoin is up 1,039% since March 2020 and ether has risen 2,940%, though the rallies in both cryptocurrencies have been interrupted by numerous-stomach churning selloffs.

The overall crypto market volume over the last 24 hours has decreased by 22.79 percent to $69.25 billion on February 13. The entire volume in DeFi is currently $9.59 billion, accounting for 13.84 percent of the overall 24-hour volume in the crypto market. The overall volume of all stablecoins is now $55.84 billion, accounting for 80.63 percent of the total 24-hour volume of the crypto market. The current Bitcoin price is $42,275.87.

2021 was a big year for cryptocurrency. El Salvador became the first country to adopt Bitcoin (BTC) as legal tender. In November 2021, the price of Bitcoin hit an all-time high approaching the psychologically significant mark of $70,000. And, all along the way, industry influencers like Elon Musk have been tweeting their enthusiasm about cryptocurrency more broadly.

Cryptocurrencies have been quite volatile in recent weeks

Shiba Inu has been one of the most talked about coins in the cryptocurrency sphere and outside. During its heyday, people would almost associate cryptos with either Bitcoin or Shiba Inu. Well, those glory days are long gone. After falling from $0.000088 all time highs to current $0.000028 – a lot has changed.

Paris police fired tear gas Saturday against a handful of demonstrators on the Champs Elysees after they defied a police order and organised a vehicle protest against COVID-19 restrictions inspired by Canada’s horn-honking “Freedom Convoy”.

Chris Kuiper, Head of Research at Fidelity Digital Assets, is convinced that Bitcoin (BTC) should be treated separately from other digital assets and believes it plays an exclusive role in investors’ portfolios. 

For Venezuela, 2021 has been a year of considerable changes at the microeconomic level, where even more than in 2020, the results of powerful catalysts for change such as COVID-19 were clearly visible. 

It’s been just 13 years since Bitcoin’s (BTC) “Mayflower moment,” when a tiny handful of intrepid travelers chose to turn their back on the Fiat Empire and strike out to a new land of financial self-sovereignty. But, whereas it took 150 years for the American colonists to grow sufficient in number to throw off the yoke of unrepresentative government, the Republic of Bitcoin has gone from Pilgrims to Revolutionary Army in little over a decade.

Bitcoin (BTC) hodlers, a class of crypto investors that hold onto their bitcoin tokens for at least 155 days, have been dumping them lately.

As the United Kingdom breaks away from the rest of the European Union, one Member of Parliament believes it could foster the growth of the country’s cryptocurrency industry while also making it more inclusive.

Streaming and production giant Netflix will soon produce a documentary series on the infamous Bitfinex hack — one of the biggest financial crimes from 2016 stealing 119,756 Bitcoin (BTC) — worth $72 million at the time. 

György Matolcsy, Governor of the Hungarian National Bank, has proposed a blanket ban on all cryptocurrency trading and mining operations across the European Union. 

Bitcoin (BTC) trended toward a $40,000 retest on Feb. 12 as BTC price action bore out analysts' predictions.

The United States Federal Bureau of Investigation (FBI) has issued a warning against the rise in romance scams in the San Francisco Bay Area, with the latest trend involving cryptocurrencies. 

There’s never a dull day in Bitcoin (BTC) land. Despite that markets calling for a lull, the creative Bitcoin community always has cause for amusement.

The price action for Bitcoin (BTC) continues to tantalize investors and once again, concerns over the state of the global economy and rising inflation have prompted warnings that the Fed's upcoming interest rate hikes could do more damage then good to the state of the market.

The global cryptocurrency market capitalisation dropped to $1.90 trillion from $1.95 trillion over the last 24 hours, while trading volume declined to $89.42 billion from $114.17 on February 11. Investors are bracing for more gyrations in Bitcoin and other cryptocurrencies, as worries over a hawkish Federal Reserve threaten to squelch risk appetite across markets.

One of the most common and serious cyber-attacks involves ransomware. These attacks have been increasing not only in number but also in severity. In the first half of 2020, average ransomware payments increased by 60%, with Bitcoin used for most payments. Blockchain analysis firm Chainalysis released new data on 10 February about ransomware activity related to cryptocurrency in 2021.