Bitcoin Financial News

The global cryptocurrency market capitalisation fell 3.11 percent over the last 24 hours to $1.67 trillion while the trading volume over the same period dipped by 4.98 percent to $55.89 billion.

Trading-platform Crypto.com estimates 1 billion people will invest in cryptocurrencies by the end of this year. It’s a lofty target. Not only is it more than triple the amount from last year, based on the company’s data, but many suspect Bitcoin and other digital assets are entering a crypto winter. A continued slide in risk assets this month has seen Bitcoin shed roughly 45% of its value from a high in November. It’s enough to bring back fears of a drawn-out bear market like the one in 2018. But evangelists aren’t yet backing down from calls for widespread usage and rising prices.

As more and more Bitcoin products such as Futures ETFs enter the market, crypto-investors – and even those who are strongly opposed to ETFs – need to understand how these institutional products can affect Bitcoin’s price.

Bitcoin’s (BTC) relief rally rose above $38,500 on Jan. 29, but the bulls are struggling to sustain the higher levels. For the past few days, Bitcoin’s sentiment has closely followed the U.S. equity markets. Hence, analysts warned traders to be careful and not to read much into any possible weekend rallies when traditional markets are closed because it could be a trap.

Cointelegraph is following the development of an entirely new blockchain from inception to mainnet and beyond through its series, Inside the Blockchain Developer’s Mind, written by Andrew Levine of Koinos Group.

Crypto-trading in Southeast Asia can range from commonplace to a religious crime. However, investors in Indonesia could soon trade cryptocurrencies – legally.

Bitcoin (BTC) seems to be on everyone’s mind lately as the world recently witnessed the price of BTC take a rather unexpected bearish turn this month. On January 21, 2022, Bitcoin reached six-month lows, sinking below $40,000 for the first time in months. 

The crypto-market has shed almost a trillion dollars in cumulative market cap amid its recent weakness. Meanwhile, Bitcoin remains down by almost 45% in value since its record high in November 2021.

Two currency crises two thousand years apart. Modern-day Venezuela and the Roman Empire have more in common than you might think. Both know too well the dangers of soaring inflation and a collapse in investor confidence. But, only one has crypto on its side.

After seeing a 50% drop in price from its peak last year, Bitcoin has been down the recovery road. It has gained close to 4% in the last 24 hours and has been hovering near $37,800 at the time of writing. While it is yet to breach the crucial support level of $40,000, the Bitcoin Fear & Greed Index seems to have stabilized at 24 from 28 January.

Bitcoin (BTC) circled the $38,000 mark into Jan. 30 as a "trappy" weekend still offered the chance of a solid weekly close.

The global cryptocurrency market capitalisation rose 1.55 percent over the last 24 hours to $1.73 trillion while the trading volume over the same period skyrocketed by 1,06,435.67 percent to $79.22 trillion.

Bitcoin‘s ecosystem had witnessed an immense rise since its inception. Factors such as institutional adoption, demand, etc gave way to more bullish scenarios. Despite, BTC’s on-going poor run, proponents within the community were buying the dip at a discounted price. Many, who once hated BTC, had dipped their toes in the BTC pond as well.

Ethereum, the largest altcoin and Bitcoin had battled it out for the number one and two spots in the market cap rankings. The incredible rise of NFTs and DeFi spurred waves of investment into Ethereum. This lead some in the industry to believe that Ethereum could flip Bitcoin by the end of 2022. However, some still consider Ethereum and Altcoins under the “scam” category.

There have been several critics of El Salvador’s policy to accept Bitcoin as legal tender. In the past, the International Monetary Fund (IMF) has made several recommendations against the decision. Now, in a recent release, IMF has said that El Salvador should dissolve its $150-million trust fund incorporated at the time of its policy decision. Further adding,

It’s that time of the month again, when Bitcoin options are set to expire and guesses are on for the maximum pain price.

The oldest digital currency in the crypto market by Market Cap – Bitcoin, yet to become a legal tender in many countries. However, with the rising crypto market, smaller countries began to accept  it as a legal tender.El Salvador was the first in the world to adopt Bitcoin as legal tender along with the US Dollar. A majority of the businesses accepted payments in Bitcoin.

It was only a matter of time before China slapped a ban on Bitcoin (BTC) mining, trading and crypto services. To do anything with Bitcoin anywhere in the People’s Republic, one needs a special exemption. The Chinese government’s given reason for the Bitcoin crackdown is to reduce its well-documented climate impact. Regardless of the amount of truth in this explanation, one thing is clear: China’s righteous anger toward electricity-guzzling and carbon-spewing mined cryptocurrencies in the service of Earth’s climate is only the first shot in an impending global showdown over Bitcoin and other crypto projects that rely on proof-of-work (PoW), the complicated crypto security mechanism we subsume under “mining.” This does not seem like a battle crypto can or will win.

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

Meta, the world’s biggest social media platform, has filed a trademark registration with the Brazilian authorities to design, develop and provision hardware and software for various Bitcoin (BTC) and crypto-related services. 

stock market isn't the economy — which it isn't — then cryptocurrencies like Bitcoin really, really aren't the economy. Still, crypto has become a pretty big asset class (and yielded huge capital gains to many buyers); by last fall the combined market value of cryptocurrencies had reached almost $3 trillion. Since then, however, prices have crashed, wiping out around $1.3 trillion in market capitalization. As of Thursday morning, Bitcoin's price was almost halfway down from its November peak. So who is being hurt by this crash, and what might it do to the economy? Well, I'm seeing uncomfortable parallels with the subprime crisis of the 2000s. No, crypto doesn't threaten the financial system; the numbers aren't big enough to do that. But there's growing evidence that the risks of crypto are falling disproportionately on people who don't know what they are getting into and are poorly positioned to handle the downside.