Crypto news Financial News

Bitcoin (BTC) rose 2% to $23,700, whereas Ethereum (ETH) was above the $1,600 level. BTC volume in the last 24 hours stood at approximately $25.72 billion, rising 46.95% in the last 24 hours. «BTC gained 2% in the past 24 hours and is currently trading above the US$23,600 level. If bulls can hold BTC above the current level, the impulse may continue towards US$24,000 and US$25,000 soon. The volume is also high, indicating the buyers' strength in the market,» Edul Patel, CEO and Co-Founder of Mudrex said. Other top crypto tokens were also trading higher. Solana rose 6%. Polkadot Shiba Inu, Dogecoin and BNB were also trading with gains. The global cryptocurrency market cap was trading around $1.07 trillion, rising 1.54% in the last 24 hours.

Bitcoin has resumed one of its old habits: it’s back to posting big moves on weekends, a phenomenon that’s become an intriguing characteristic of the cryptocurrency market. Take last Sunday, when it gained 3.4%, a similar amount to what it notched the Saturday on the weekend prior. And the Saturday before that, the coin advanced 5.5%. That Bitcoin posts large moves is nothing new. But the token, like all other cryptocurrencies, trades around the clock, every day of the week, counter to most other assets, which tend to trade Monday through Friday on regulated exchanges. And it’s been seen in crypto markets in the past, with Bitcoin shooting higher — or posting big down days — while other assets are taking a rest from work. The most compelling theory on the strong weekend moves might be that liquidity is thinner, meaning that price swings on large orders can be more pronounced, says Noelle Acheson, author of the “Crypto Is Macro Now” newsletter. Liquidity has been thinner for Bitcoin recently, with traders and investors staying on the sidelines and hodlers hodling, she says. “Since the beginning of the year, volatility has picked up — still not at ‘normal’ levels, but getting there,” Acheson said. “This should herald the return of the weekend phenomenon, with lower weekend liquidity leading to stronger moves as traders and investors tentatively come back into the market.”

Major cryptocurrencies traded in the green early on January 30 as the global crypto market cap increased 1.77 percent to $1.07 trillion, over the last day. The total crypto market volume over the last 24 hours is $49.61 billion, which makes a 24.92 percent increase.

Major cryptocurrencies were trading mixed early on November 25 as the global crypto market cap decreased 1.06 percent to $828.27 billion, over the last day. On the other hand, the total crypto market volume dropped 47.87 percent to $48.87 billion over the last 24 hours.

global crypto market has recovered a bit as compared to the past week. Bitcoin has failed to hold above $20,000 level the previous week due to lack of buying activity but has traded above its psychological support this week in line with equities. It seems like the market participants are on their risk appetite to start a new quarter. Bitcoin has traded sideways most of the week as investors return to more macroeconomic cautiousness. Even though Bitcoin successfully traded above $20,000, it struggled to move above it. Its dominance in the market, however, increased to 41 per cent from 39 per cent on September 10, 2022. This indicates that the market participants are choosing Bitcoin over other assets for its comparatively stable nature.The whale accumulation and the US dollar index rising to a 20-year high are the reasons for BTC’s growth in the past few days.

WazirX has finally come up with its official clarification on the issue, blaming global economic slowdown for its dire decision. In June, however, while clarifying to ETMarkets.com that it did not intend to squeeze the team size, WazirX, on the contrary, had bragged about expanding the team six times in half-a-year. According to media reports, the company has asked 50 to 70 employees of its 150 staff strength to leave the company as they are not needed anymore, but they will be paid for 45 days. The crypto market has been in the bear grip because of the current global economic slowdown, the exchange said in its clarification. «We have had to reduce our staff to weather the crypto winter.»

UK watchdog dismisses criticisms over crypto authorisations

Wanted crypto developer Do Kwon is not in Singapore, police say

Major cryptocurrencies traded in the red early today on September 16 as the global crypto market cap declined 2.71 percent to $960.06 billion over the last day. On the other hand, the total crypto market volume jumped 9.49 percent to $84.26 billion during the last 24 hours.

gold. Bitcoin is often referred to as “digital gold” by supporters who feel it can provide a store of value just like bullion. Similarities like limited supply and worldwide acceptance show that Bitcoin is on the path to becoming an attractive option but it has to undergo its own trajectory to emerge as a strong competitor to gold. Earlier this year, Goldman Sachs in a note made a strong pitch by comparing Bitcoin to gold. The note said Bitcoin could be the new gold and in the coming years, it has the potential to grow 2.5 times its current value. The note further added that the organisation sees Bitcoin as having applications beyond a store of value. By definition, a store of value is an asset that has the potential to maintain its value over time, such as oil and precious metals. It is important to understand why Bitcoin is being compared to gold in the first place. Both gold and Bitcoin are in limited supply. While gold has been in use for centuries, it is available in a finite supply. Similarly, the total number of Bitcoins that can be mined is exactly 21 million, ensuring its perpetual scarcity as demand rises.

Bitcoin surges over $20,000 as US dollar sags

GameStop partners with crypto marketplace FTX, reports smaller-than-expected loss

Crypto.com mistakenly issued a customer A$10.5 million ($7.2 million) rather than the expected A$100 ($68), media reports say. Seven months later, when the exchange finally discovered the error, some of the money had already gone, The Verge reported citing the Australian news outlet 7News as saying. The initial transfer occurred in May 2021. However, the exchange only realised the mistake when conducting an audit in December that year, the report said.

Indonesia's tech firm GoTo buys local crypto exchange for $8.4 million

Thailand tightens rules on crypto advertising

Central African Republic top court blocks purchases with new cryptocurrency

Fugitive Turkish crypto fraud suspect arrested in Albania resort

Asset managers to offer fund tokens despite crypto turmoil

CoinSwitch cooperating with financial crime agency probe: CEO

Bitcoin dips below $20,000 After Fed Chair says rate hikes in play on high inflation

Cboe says Robinhood and Virtu among potential equity partners in crypto exchange