Bitcoin Financial News

Bitcoin users are currently facing difficulties with high transaction fees as the blockchain becomes congested once more, although the cause may be different from what some might expect.

Bitcoin (BTC), the leading cryptocurrency, experienced a significant decline to an intraday low of around $68,500. This downturn coincided with ‘Roaring Kitty’s’ YouTube livestream, which failed to invigorate the market.

During the US session, Bitcoin fell dramatically to $69,000 following the release of stronger than expected US NFp figures.

As major crypto prices pull back from earlier weekly highs in wake of hotter-than-expected US jobs data, traders are taking the opportunity to assess which might be the best crypto to buy right now.

Semler Scientific (SMLR) – the healthcare technology firm turned Bitcoin believer – has announced its acquisition of another 247 BTC for its corporate balance sheet.

Blockchair has announced the support of 24 new blockchains into its platform, significantly enhancing its multi-blockchain explorer and professional tools offering. This expansion includes prominent names such as Solana, Base, TRON, Arbitrum One, Polygon, Polygon zkEVM, Linea, Optimism, TON, Beacon Chain, Aptos, Avalanche, DigiByte, Fantom, Handshake, Moonbeam, Peercoin, Polkadot, Sei EVM, and XRP Ledger, but also upcoming Layer 2s on Bitcoin such as BOB, Botanix, Rootstock, and Liquid Network.

Ethereum spot ETFs got approved in the US signaling that the altcoin market is about to get its due recognition and adoption. Bitcoin has crossed $70,000 again and is within 5% of its all-time high. Key altcoins (Ethereum, Solana and Cardano) are still 20-30% off their 2021 highs even as BNB looks to enter price discovery mode. The overall crypto market, currently at $2.6 trillion, looks to exit its consolidation phase and push towards a strong second half of the year. To maximize your crypto returns, it is prudent to allocate a decent share to emerging and upcoming narratives that potentially drive value in the ecosystem. Today, we cover the trend of AI and tokens that can leverage its narrative along with the continued focus on RWAs and memecoins. While we do the crystal gazing, we encourage investors to understand the risks and growth potential associated with each asset and do their independent analysis.

Bitcoin, the world’s leading cryptocurrency by market capitalization, continues its upward momentum, trading around $71,300. This rally is driven by a significant influx into U.S. spot Bitcoin exchange-traded funds (ETFs), with a notable daily inflow of $886.75 million, contributing to over $1.2 billion in two days.

At 12:14 PM, Bitcoin (BTC) was trading 0.25% lower at $70,898, while Ethereum surged 0.7% to $3,843. Meanwhile, the global cryptocurrency market cap fell by 0.22% to around $2.63 trillion in the last 24 hours.

On Thursday, European Central Bank (ECB) President Christine Lagarde announced a widely anticipated cut to the bank’s key interest rate.

As Bitcoin (BTC) struggles to advance amid elevated sell pressure as it nears a retest of its all-time/yearly highs and other major cryptos languish below recent peaks, traders hunting for the best crypto to buy now are turning to smaller, lesser-known altcoins in the hope of quick gains.

Julia Leung, the CEO of Hong Kong’s Securities and Futures Commission (SFC), has acknowledged Bitcoin’s staying powerin the face of market fluctuations.

Cryptocurrency markets traded marginally lower on Tuesday, dragged by Bitcoin, Ethereum, and Shiba Inu. At 1:18 PM, Bitcoin (BTC) was trading 0.4% lower at $68,766 while Ethereum declined 1.4% to $3,761. Bitcoin touched a high of $70,230 earlier in the day.

ether can begin trading depends largely on how quickly issuers respond to the U.S. Securities and Exchange Commission's queries, Chair Gary Gensler said on Wednesday. The SEC last month approved applications from Nasdaq, CBOE and NYSE to list spot ether ETFs. It was a surprise win for the cryptocurrency industry which had expected the SEC to reject the filings after discouraging meetings with the regulator.

Crypto exchange Binance on Wednesday sought to throw out the vast majority of a London lawsuit worth up to 10 billion pounds ($12.8 billion) over claims it and other exchanges colluded to «delist» the Bitcoin Satoshi Vision (BSV) cryptocurrency. Binance and exchanges including Kraken are being sued at London's Competition Appeal Tribunal (CAT) in a case brought on behalf of over 200,000 BSV owners.

Bitcoin’s ongoing bull run may receive a significant boost as global liquidity reaches a new all-time high.

Bitcoin (BTC) recently broke out of its recent $60,000 to $70,000 trading range and hit an intraday high of $71,671. However, it was unable to maintain its position above $71,000 and has lost some of its gains, falling to around $70,900.

At 1:18 pm, BTC was trading 1.7% higher at $68,870, while Ethereum rose marginally 0.5% to $3,813. Meanwhile, the global cryptocurrency market cap rose by 1.2% to around $2.56 trillion in the last 24 hours.

US investors can now access funds that track double the daily movement of Ethereum. However, a spot Ether ETF still awaits full regulatory approval.

The Paraguayan Congress could be set to vote on a new bill to regulate Bitcoin (BTC) mining, despite an ongoing crackdown on illegal mining operations.

Moscow is edging closer to legalizing its fast-growing industrial crypto mining sector, following intensive lobbying from some of the biggest Bitcoin (BTC) miners in Russia.