CRYPTOCURRENCY NEWS Commodity guru explains why Bitcoin could emerge as top asset in 2022 H2 The first half of 2022 has been characterised by a broader market sell-off impacting most investment assets amid rising inflation and recession fears. With a focus on the next market movement, senior commodity strategist at Bloomberg IntelligenceContinue Reading
Over the past 12 months, interest in Bitcoin – the world’s premier crypto currency – has increased, with BTC recording dramatic price fluctuations marked by an all-time high and large corrections. Despite the asset’s present increasing instability, curiosity over the cryptocurrency’s next price movement has sparked a surge in interest.Continue Reading
As the price of bitcoin craters, the global computer network that supports it is guzzling less energy for the first time in years. As a general rule, the price of bitcoin and the energy consumed by the computers that mine it move in tandem: The higher the price, the moreContinue Reading
Bitcoin S2F model gained a lot of popularity during the peak of the bull run, and even though there was criticism, most of it was ignored as the price seemed to follow the chart. Ethereum co-founder Vitalik Buterin has criticized the controversial Bitcoin (BTC) stock-to-flow (S2F) model, popularized by a pseudonymous Dutch institutionalContinue Reading
Swiss luxury watchmaker Hublot announced on June 21 that it would release 200 new limited-edition watches that will also be available for online purchase using chosen cryptocurrencies through BitPay. The company stated: “Exclusively on our Hublot United States eBoutique, clients will be able to shop using select Cryptocurrencies with BitPay.” Indeed, the new Big BangContinue Reading
Hawkish rhetoric from the US Federal Reserve led to consistent daily outflows last week, amounting to $102 million. The “crypto winter” experienced over the past six months by Bitcoin and the larger cryptocurrency markets can largely be attributed to the hawkish monetary policy of the Fed, according to the latest CoinShares report. LastContinue Reading
Bitcoin dropped below $25,000 for the first time in 18 months, cementing the markets firmly in a crypto winter. The dip in prices sees the market capitalization fall below $1 trillion from previous highs of $3 trillion. Experts have warned investors to brace for even darker days as there areContinue Reading
On-chain data shows the Bitcoin long-term holder SOPR has dropped to March 2020 levels as the price of the crypto crashes below $24k. Bitcoin Long-Term Holder SOPR Plunges Deeper Below One As pointed out by an analyst in a CryptoQuant post, BTC long-term holders are now realizing a similar level ofContinue Reading
The company’s stock fell Monday after crypto lending platform Celsius announced it would pause withdrawals The firm could face a margin call if bitcoin falls below $21,000 The technology company holds 129,218 bitcoins, valued at just over $3 billion As bitcoin dipped below $23,000 on the Celsius-driven sell-off early Monday,Continue Reading
A seasoned Bitcoin (BTC) trader says capitulation is right around the corner for the largest crypto asset by market cap. In a recent live stream, Tone Vays says there isn’t enough volume on the BTC markets to say we are in capitulation yet. “We’re not there yet. We’re almost there, this isContinue Reading