Bitcoin (BTC) News

Cryptocurrencies bounced back slightly on Tuesday morning after a poor start to the week. The bitcoin rate rose to $20,413. Over the past 24 hours, BTC capitalization has reached $390.516 billion (+2.7%). Ether (ETH) is also gaining in value, with the largest altcoin trading at $1,578 at the time...

In a recent interview Steven McClurg, the CIO of the asset management Valkyrie said Bitcoin may decline further although we are close to the bottom. The executive says markets depend on macro trends and inflation. As rates are going higher than expected, all risk assets are going to fall....

The bitcoin rate over the past two days has fallen from $23,376 to $20,871. The night before, the coin won back a little and rose to $21,294. Over the week, BTC capitalization decreased by 12.55% to $409.852 billion. The pressure from the bears is intensifying, bitcoin has not been able to break...

Prices of cryptocurrencies started to decline again after a market rise for several days. In the last 7 days, Bitcoin dropped by 13.5% and now trades at around $21,200. Ether fell by 17% and trades at around $1,600. Global financial markets are unstable amid the growing inflation over the world. A...

As a result of the collapse of bitcoin, the largest mining companies suffered heavy losses. The list of victims is headed by miners Core Scientific, Marathon, and Riot. Their total losses have exceeded $1 billion since the collapse of the Terra ecosystem. Other companies Bitfarms and Greenidge also...

Financier, the CEO of global investment company SkyBridge, Anthony Scarmucci is optimistic about the future of the crypto industry. In a recent interview with CNBC, he mentioned the progress in crypto, such as the improvement of the Lightning Network, the increase of applications, the ease of...

Leading investment management company BlackRock revealed a spot Bitcoin private trust. The firm said it aims to offer clients different investment options. Currently, BlackRock's Bitcoin Trust is available to US institutional customers. The product seeks to follow the BTC price, reduced expenses,...

Mining companies eased the pressure on bitcoin in July by reducing sales of the cryptocurrency. Nevertheless, they did not completely abandon the sale and sold part of the BTC they mined last month. Mining pools sold 3,767 BTC in July, according to the Hash Rate Index. During the same time, they...

The night before, cryptocurrencies went on the offensive along with the stock market. Bitcoin was able to offset the losses it suffered in two days and briefly rose above $24,000 again. At the time of publication of this review, the largest digital currency was trading at $23,852. BTC...

ARK Invest founder and CEO/CIO Cathie Wood finds that the world's largest asset manager, BlackRock's entry into the crypto sector may have a significant effect on the price of Bitcoin. Several days ago, crypto exchange Coinbase revealed a collaboration with BlackRock with the aim to offer crypto...

Galaxy Digital CEO Mike Novogratz said in a recent interview with Bloomberg TV that he expects Bitcoin to stay within its recent price range as the industry hasn't seen large inflows of institutional capital. The businessman said he's doubtful that BTC will get through $30,000. According to him,...

For the first time in the crypto options market, Ether (ETH) has proven to be a more popular asset compared to Bitcoin (BTC). On the largest exchange, Deribit, open interest in ETH options reached $5.7 billion. The number of open contracts for bitcoin was 32% less - $4.3 billion. Traders are...

International financial institutions are persistently urging El Salvador to revoke its law regulating bitcoin, which went into effect last year. According to Finance Minister Alejandro Celaya in an interview with Bloomberg, the nation would not forsake BTC despite requests from the IMF and the...

A group of US Senators has written a letter to Abigail Johnson, CEO of Fidelity Investments, demanding an explanation for the decision to include bitcoin as an option in 401(k) retirement savings accounts. The management company intended to add a similar feature this summer. The option will be...

The US Federal Reserve's rate hike of 75 basis points was expected. Analysts agreed that due to the acceleration of inflation, the regulator will be forced to tighten monetary policy again. At the same time, they expected a further decline in the value of shares of the technology sector and...

Most experts agree that in the middle of this week the US Federal Reserve System will once again raise the discount rate. Investors are redistributing their portfolios in favor of the dollar. The US dollar index is growing for the second day in a row. In parallel, there is a correction in the stock...

Sharing his thoughts about Bitcoin, Blockstream CEO Adam Back agreed that it's apolitical and unseizable currency. At the Asian Leadership Conference, the CEO of an El Salvador-based Bitcoin trading startup Jan3, Samson Mow said governments can freeze people’s money and they won't be able to do...

According to the founder and former CEO of BitMEX crypto exchange Arthur Hayes, bitcoin hit bottom in June. The fall of BTC to $18,000 last month was a landmark event for the entire market. Many traders and speculators left the cryptosphere after such a collapse. It was at this moment that the...