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Trading in the US ended with a decline in business activity indices. Capital with renewed vigor began to withdraw from risky assets, but the dollar index rose on Thursday, June 30, to 105 points. Bitcoin (BTC) is depreciating along with tech stocks. This morning, the BTC rate in Asia fell below...
Amid the bear market, business analytics company MicroStrategy added its Bitcoin holdings, purchasing 480 BTCs for about $10 M. The company paid around $20,817 per BTC. A release by the company says now it holds around 129,699 bitcoins purchased for $3.9 bln at an average price of about $30,664 per...
The National Agency for Advanced Projects of Uzbekistan (NAPP) has developed a regulation on the legalization of bitcoin mining. However, in a document published late last week, it is noted that only those miners that use solar energy will be able to work freely. The obligation to use solar panels...
Many mining companies were forced to dump some of the previously mined bitcoins in the second quarter of 2022. Selling was aggressive in May and June amid the return of turbulence in the cryptosphere, according to a friday report from JPMorgan Chase. According to the forecasts of its analysts, in...
The Chair of the Securities and Exchange Commission, Gary Gensler said in a recent interview that Bitcoin is the only crypto that he's comfortable calling a commodity. While discussing potential regulations over crypto and crypto-backed ETFs with CNBC Squawk, Gensler mentioned that cryptos are...
Mining companies in need of liquidity in the third quarter are able to continue to exert downward pressure on the quotes of the first cryptocurrency. JPMorgan strategist Nikolaos Panigirtzoglou came to this conclusion. According to the expert's calculations, the share of public mining companies...
According to TV presenter Jim Cramer, in the coming months, bitcoin will be able to partially win back the June losses. However, we are unlikely to expect an aggressive and long-term growth of cryptocurrency. Most likely, after the rebound, trading will continue in a narrow range. Kramer himself...
Blockchain data intelligence platform Glassnode released a research piece that says 2022 has been the most significant bear market in the history of cryptocurrencies. Glassnode mentions that this year has been tough for BTC and Ether as valuations have been hitting hard and fast. It has been...
On June 27, Coinbase will launch nano futures for the first cryptocurrency. For CFTC approval, the bitcoin exchange will provide instrument trading through brokers. Contracts with the ticker BIT will be launched by Coinbase Derivatives (formerly FairX). Futures with settlements in US dollars is...
The government of China released new warnings against Bitcoin and the crypto market. Given the recent price drop, China finds the Bitcoin price is heading to zero. Local media reports that a release from the state-run Economic Daily restates the negative attitude of the authorities against cryptos....
MicroStrategy CEO Michael Saylor reiterated the benefits of Bitcoin. He has previously repeatedly praised the leading digital currency and reminded us that his software company is one of the largest public holders of BTC. MicroStrategy will not sell Bitcoin even if the price falls below $10,000. In...
Blockchain platform Avalanche revealed native support for Bitcoin via the Avalanche bridge. The team published a blog post that says with the new Bitcoin bridging possibility, the network aims to uncover more than half a trillion dollars of value on the BTC network within the Avalanche DeFi...
Changpeng Zhao, the founder, and CEO of the top cryptocurrency exchange platform Binance finds Bitcoin could stay below its all-time high of $69,000 for the next two years after the recent crypto market crash. In an interview with the Guardian, CZ noted 4 years ago people would have been very happy...
It will be possible to buy and sell bitcoin on the American Binance.US platform without commissions. The administration cancels fees from BTC transactions carried out in tandem with the three leading stablecoins. As Binance.US CEO Brian Schroder noted, the new transaction processing procedure began...
In mid-June, the founder of the BitMEX exchange, Arthur Hayes, did not rule out a stronger pullback for Bitcoin and Ethereum. In his opinion, if the leading digital currencies fall below the psychological levels of $20,000 and $1,000, then sales may become aggressive. This is exactly what we saw...
The return of turbulence to the crypto market and the fall in the value of bitcoin caused a surge of interest on the Internet in the leading digital currency. According to the Google Trends service, last week the number of search queries for bitcoin reached the highest level since May last year....
BTC mining company Bitfarms sold half of its Bitcoin holdings, which is 3,000 coins in the past week for around $62 M to reduce debt as the decline in the BTC price has had a negative impact on the business. The team wrote that it now holds around 3,349 Bitcoins, and daily BTC production of about...
Most cryptos increased in price in the last 24 hours. Bitcoin and Ethereum gained around 10% and 15%, surpassing $20,000 and $1,100 respectively. The total crypto market cap increased by about 9% and currently stands at above $894 billion. Before the rally, on June 19, Bitcoin dropped below $18,000...
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