Bitcoin Financial News

Disclaimer: The findings of the following analysis are the sole opinions of the writer and shouldn’t be considered investment advice

The United States Securities and Exchange Commission has disapproved asset manager Fidelity’s Wise Origin Bitcoin Trust spot exchange-traded fund application.

Major cryptoassets including bitcoin (BTC) and ethereum (ETH) trimmed some of their losses from the aftermath of yesterday’s US Federal Reserve statement, with prices rising during the European trading hours on Thursday. Meanwhile, the US dollar extended a rally from earlier, breaking through key resistance levels on the way up.

Despite the fact that a bear market might be taking over, fund managers remain hopeful about the crypto-space in the long-term. In fact, the most recent report by Cathie Woods’ ARK Investments has claimed that both Bitcoin and Ethereum have trillion-dollar futures lying ahead, owing to their continued growth in utility.

El Salvador adopted Bitcoin (BTC) as legal tender over four months ago on Sept. 7, 2021. Bitcoiners around the world have been watching with intent as the president of El Salvador, Nayib Bukele, attempts to “orange-pill” an entire nation.

The cryptocurrency industry is eager to comply with the Financial Action Task Force's (FATF) so-called Travel Rule, and appears willing to work with regulators in order to expedite the process, a new survey found.

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

Bitcoin (BTC) investors are famous for their ability to "hodl" through price dips, but new data sheds light on how long they may be prepared to continue.

The recent lull in cryptocurrency market prices has been felt across all sectors in the industry, but decentralized finance might be in for an especially harrowing time, according to experts at DApp Radar.

Bitcoin (BTC) climbed down from multi-day highs on Jan. 27 as the aftermath of the latest United States Federal Reserve meeting saw bulls taper their enthusiasm.

US-based software developer MicroStrategy CEO Michael Saylor has once again questioned the regulatory status of ethereum (ETH), arguing that it can be best classified as digital security. On the other hand, he insisted that there is no doubt that bitcoin (BTC) is a digital property, and thus not subject to regulatory headaches.

Mike Katchen, CEO and co-founder of crypto and stock trading platform Wealthsimple, said the Canadian government should work on growing cryptocurrency and blockchain companies in Canada.

Bitcoin millionaires have been wiped in the last three months as the volatile cryptocurrency is witnessing a free fall — from $69,000 in November to nearly $36,000 (as of Thursday) — owing to regulatory scrutiny and geopolitical unrest. According to data acquired by financial news portal Finbold, between October and January, the number of Bitcoin addresses holding over $1 million has reduced by 28,186 or 24.26 per cent. In general, the Bitcoin-rich list has plunged over the last three months.

cryptocurrency market eroded its gains on Thursday to trade lower following rate hike signals by the Fed at its next meeting. The central bank would steadily remove support for the economy in order to fight high inflation. Barring the US dollar-pegged stable coins, all other eight out of the top-10 digital tokens were trading lower during the trade on Thursday. Bitcoin and Ethereum shed more than 2 per cent each, whereas Terra dropped 7 per cent. The global crypto market cap dropped more than 2 per cent to the $1.62 trillion mark. However, the total crypto market volume rose more than 22 per cent to $103.97 billion.

Bitcoin. The ballooning popularity of Bitcoin and other digital currencies has given rise to a strange new political breed: the crypto mayor. Eric Adams, New York's new mayor, accepted his first paycheck in Bitcoin and another cryptocurrency, Ether. Francis Suarez, Miami's mayor, headlines crypto conferences. Now even mayors of smaller towns are trying to incorporate crypto into municipal government, courting startups and experimenting with buzzy new technologies like NFTs to raise money for public projects. Their growing ranks reflect the increasing mainstream acceptance of digital currencies, which are highly volatile. «Mayors rationally want to attract high-income citizens who pay their taxes and impose few costs on the municipality,» said Joseph Grundfest, a business professor at Stanford. But as with many ambitious crypto projects, it's unclear whether these local initiatives will ultimately amount to much. So far, most are either largely symbolic or theoretical.

cryptocurrency market was attempting to stabilize following the recent wrath and ahead of the US Federal Reserve meeting outcome. However, the volumes remained thin despite the recent gains. The crypto market is closely observing the result of the US Federal Reserve’s two-day policy meeting later in the evening. The Fed is expected to hint at an interest rate hike in March to fight inflation. Barring the US dollar-pegged USD Coins, nine out of the top-10 digital tokens were trading higher during the trade on Wednesday. Bitcoin and Ethereum jumped 2 per cent each, whereas Solana and Dogecoin zoomed up to 7 per cent.

Since the launch of Bitcoin, cryptocurrency exchanges have been an essential tool for matching cryptocurrency sellers with buyers in a free market and vice versa. These global or domestic platforms attract a large user base and provide vital liquidity to crypto assets.

A new report from Cathy Woods’ ARK Invest forecasts Ethereum (ETH) will meet or even exceed a $20 trillion market cap within the next 10 years, which would equate to a price around $170,000 to $180,000 per ETH.

The global cryptocurrency market capitalisation fell by 2.33 percent over the last 24 hours to $1.63 trillion while the trading volume over the same period rose by 9.14 percent to $87.68 billion.

In the current market, there are a couple of facts that are even more worrisome. First, for crypto, there is no underlying asset; so if this is a mania then it's not even asset-backed. Second, millions of millennials have been drawn into crypto and markets for the first time. So they have till recently not seen or felt a bear market. There are optimists who believe that there will be no long-term bear market and corrections will be short-lived. There have been times in the market when irrational exuberance lasted so long that money managers talking rationally lost their jobs and some of them did not live long enough to see that their disbelief was justified.

As the bulls clawed back to reopen a recovery window, Solana crossed its 20 EMA but pulled back from its 25 EMA. Its 4-hour RSI still needed to close above the midline to confirm a strong reversal.