Bitcoin Financial News

21.01 / 20:01

Blockchain ETF SEC Bitcoin Clients Increasingly Pushing Advisors to Invest in Crypto + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

21.01 / 18:32

Waves Bitcoin recovery MATIC executes classic bull trap as it sees major correction after minor recovery

Polygon’s native token MATIC has been steadily losing value since its recent rejection at the $2.42 level of resistance. The $2.12 level of support was seen as an area of significance, but MATIC had dropped below this level in recent days. The day prior to press time, MATIC appeared to break out past this area in a bullish move but almost immediately reversed. The push upward had been a search for liquidity and a trap to catch late buyers and force them to sell, adding liquidity to the move downward.

21.01 / 17:38

Ethereum cryptocurrency MARKET Bitcoin Support Crypto Market Slides as Stocks Get Hammered, Bitcoin Falls Below Key Support

The crypto market continued lower over the past 24 hours following a selloff led by technology stocks in the US on Thursday. The falling prices were accompanied by liquidations across the crypto market, with one analyst saying the leverage flush-out could potentially set the market up for a “relief rally.”

21.01 / 17:21

Twitter Bitcoin Bitcoin Price Crypto Twitter responds to Bitcoin dump: ‘ok cool’

Bitcoin (BTC) has dumped below 40,000, wiping out almost $50 billion from the crypto market cap. Even without any particular news to blame, Crypto Twitter still won’t let the dump slide without reacting in its own colorful ways.

21.01 / 17:07

Adoption Report Bitcoin Crypto users Nations to adopt Bitcoin, crypto users to reach 1B by 2023: Report

There’s a beacon of hope for battered Bitcoin (BTC) bulls. A promising report from Crypto.com predicts that global crypto users could reach one billion by the end of 2022.

21.01 / 16:35

Reddit Bitcoin Bitcoin Price 3 wildest theories explaining $500B crypto market crash

The crypto market lost over $500 billion in combined market capitalization earlier Friday. The market bloodbath led to over $700 million in liquidation as top crypto assets bled heavily. Bitcoin (BTC) fell below the critical support level of $40K while Ether (ETH) also lost $3K support.

21.01 / 16:25

UPS Bitcoin Support Cardano drops 15% as amid broad selloff, here’s where it can find support

Bitcoin dropped below the $40k mark in recent hours. Cardano saw a strong move on the lower timeframes in the past week as it rallied from $1.23 to $1.63 and appeared to break out of a downtrend. However, at the time of writing, the price has dropped and was back beneath the trendline resistance from late November.

21.01 / 16:20

markets Bitcoin Bitcoin Price Here are levels to watch as Bitcoin fights to avoid $30K July repeat

Bitcoin (BTC) could well continue falling in the short term now that $40,000 support has disappeared, fresh analysis warns.

21.01 / 16:06

defi Report Huobi Bitcoin New research expects a gloomy year for Bitcoin as DeFi and DAOs rise

Another major player in the cryptocurrency world is forecasting a dismal year for Bitcoin (BTC) in 2022. Following the Federal Reserve's and other central banks' tightening of liquidity measures, Huobi Research believes that BTC will enter a bear market. On the brighter side, decentralized finance (DeFi) will continue to expand and adapt, with DAO governance eventually becoming a major driver of activity on the chain.

21.01 / 15:49

Twitter Adoption Bitcoin Turkish and Salvadoran presidents meet, Bitcoiners left disappointed

Bitcoin (BTC) took more than just a beating in the markets. The orange coin got the cold shoulder as Turkish President Recep Tayyip Erdoğan welcomed his Salvadoran peer Nayib Bukele in the capital of Turkey to talk about a number of topics. While Bitcoin failed to be a talking point, it did not stop the Twitter rumor mill from going into overdrive.

21.01 / 15:38

Ethereum M&A Paxos Bitcoin Argentinian e-Commerce Giant Invests in Mercado Bitcoin and Paxos

Argentine-headquartered ecommerce giant Mercado Libre invested in Mercado Bitcoin and Paxos as it aims to boost its presence in the cryptosphere, as well as digital asset development and adoption in Latin America.

21.01 / 14:44

Binance digital currencies Bitcoin Russia's central bank calls for crypto crackdown

The move is the latest in a global cryptocurrency crackdown as governments from Asia to the United States worry that privately operated and highly volatile digital currencies could undermine their control of financial and monetary systems. Russia has argued for years against cryptocurrencies, saying they could be used in money laundering or to finance terrorism. It eventually gave them legal status in 2020 but banned their use as a means of payment.

21.01 / 14:28

cryptocurrency Twitter Bitcoin elon Why Elon Musk feels Twitter's NFT profile pic feature is 'annoying'

Twitter’s latest feature where users can showcase non-fungible tokens (NFTs) as their profile pictures is “annoying”, billonaoire Elon Musk said, saying the social media giant is spending a huge amount of resources on this feature.

21.01 / 14:10

Ethereum cryptocurrency Bitcoin Russia's central bank is proposing a ban on the use and mining of crypto

Russia's central bank on Thursday proposed banning the use and mining of cryptocurrencies on Russian territory, citing threats to financial stability, citizens' wellbeing, and its monetary policy sovereignty.

21.01 / 13:54

cryptocurrency ETF Bitcoin Bitcoin Etf spot bitcoin SkyBridge US SEC rejects SkyBridge spot bitcoin ETF in latest veto

bitcoin exchange-traded fund by First Trust Advisors and SkyBridge, the hedge fund founded by former White House communications director Anthony Scaramucci. The SEC's rejection of the First Trust SkyBridge Bitcoin ETF Trust was the latest in a succession of vetoes by the regulator around the listing of spot bitcoin ETFs, which seek to provide easy exposure to the digital currency. The SEC in October approved two bitcoin futures-based funds, the ProShares Bitcoin Strategy ETF and the Valkyrie Bitcoin Strategy ETF, raising hopes that a spot bitcoin ETF would soon be approved as well. But in November and December the regulator turned down three spot bitcoin ETF proposals.

21.01 / 13:27

FIVE Digital Platform Bitcoin Bitcoin Dips to Lowest Level in Five Months below $39K

Bitcoin dipped to its lowest level in more than five months as cryptocurrencies sank with risk aversion sweeping worldwide markets.

21.01 / 13:27

Ethereum Citi coinbase Bitcoin NYC Mayor to Receive 1st Paycheck in Crypto Converted via Coinbase

New York City's new mayor Eric Adams said that his first paycheck will be converted into Bitcoin and Ethereum via Coinbase Global.

21.01 / 13:13

markets Bitcoin Bitcoin Price Time Bitcoin fundamentals diverge from BTC price dip as difficulty hits new all-time high

Bitcoin (BTC) may have tanked to six-month lows this week, but under the hood, the network is now verifiably stronger than ever.

21.01 / 12:47

Bitcoin price today Bitcoin rate Bitcoin Bitcoin Price Top cryptocurrency prices today: Bitcoin dips below $40,000, other altcoins bleed

Russia must ban cryptocurrencies, the country's central bank said in a report released Thursday. The report says cryptocurrencies are volatile and widely used in illegal activities such as fraud. The sluggish macroeconomic conditions, rise in oil prices and tapering cues from the Federal Reserve, rising inflation and slump in technology market added to woes of traders.

21.01 / 11:43

regulation proof-of-work Bitcoin lawmakers hearing Team Proof-of-Work Educates Lawmakers at Bitcoin Mining Hearing in US

Questions ranged from whether Bitcoin (BTC) could potentially transition to a proof-of-stake (PoS) consensus mechanism, to whether crypto mining can be considered “wasteful,” as lawmakers in the US House of Representatives discussed the energy impact of crypto mining during a hearing on Thursday.

21.01 / 11:37

markets Ethereum Bitcoin Bitcoin Price Crypto liquidations pass $700M as altcoins take a hit from Bitcoin sinking below $40K

Bitcoin (BTC) stayed lower on Friday after an overnight bout of volatility sent the largest cryptocurrency to six-month lows.

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