Bitcoin

Bitcoin prices have suffered some serious losses lately, dropping to their lowest level in roughly 18 months as risk assets face difficult market conditions ...

“These rising yields on less risky assets means investors don’t take as much risk to get a decent return, resulting in fewer buyers of risk assets. Two consecutive candles have never closed below this line,” Melker specified. “Now is not a time to make guesses, but rather to batten the hatches and ride the storm.” “The next obvious support is around $20,000, the top of the 2017 bull run,” he noted. “There is a bit of support to be found in the 16.5-19.5 area but major support is only coming in around 12-13-k” “Bitcoin has suffered over the last 48 hours of trading post the huge inflation number in the USA,” he stated.

Bitcoin extended declines on Tuesday as investor sentiment took another leg down over fears that bigger Federal Reserve interest-rate hikes loom to quell ...

Crypto assets were hammered on Monday as trading platforms such as Celsius and Binance stopped withdrawals, and some companies cut jobs.

Policymakers at the U.S. Federal Reserve are now contemplating the idea of a 75-basis-point rate increase later this week, according to CNBC's Steve Liesman. That's bigger than the 50-basis-point hike many traders had come to expect. Around $200 billion has been wiped off the market in recent days. "What you're seeing in the market is … fear, uncertainty and doubt.

MicroStrategy Inc. may need to post additional collateral for a loan as Bitcoin tests a key price range flagged by the company last month.

A $4 billion bet on bitcoin by software firm MicroStrategy is in jeopardy after the cryptocurrency's recent plunge.

In June, Saylor insisted the company has more than enough bitcoin to cover its collateral requirements. "Bitcoin needs to cut in half or around $21,000 before we'd have a margin call," Le said at the time. The company took out a $205 million loan from Silvergate, a crypto-focused bank, to continue its bitcoin buying spree. MicroStrategy has bet billions on the cryptocurrency — $3.97 billion, to be exact. Bitcoin's price plunged 10% to $20,843 on Tuesday, extending a brutal sell-off and dragging it deeper into levels not seen since December 2020. The fiasco shaved over $11 billion off MicroStrategy's stock market value in a single day.

Bitcoin neared a price level on Tuesday that could force software firm MicroStrategy Inc to stake more tokens against a bitcoin-backed loan or trigger ...

The company did not immediately respond to an emailed request for comment outside business hours. Register now for FREE unlimited access to Reuters.com Register now for FREE unlimited access to Reuters.com

Cryptocurrencies tumbled afresh on Tuesday, with Bitcoin and Ether falling to new 18-month lows, after major cryptocurrency lending company Celsius ...

Cryptocurrencies have become emblematic of a flight from speculative investments as monetary policy is tightened around the world to fight price pressures, draining liquidity from global markets. Cryptocurrencies are now emblematic of a flight from speculative investments as monetary policy is tightened globally. Number 2 token Ether lost as much as 10 percent, to $1,075, its lowest since January 2021, and smaller tokens have taken even more of a battering.

The price of bitcoin and other cryptocurrencies crumbled over the last two days, after a major cryptocurrency lender effectively failed and halted all ...

Those tokens collapsed after huge customer withdrawals forced Terra's operators to liquidate all of the assets being used to support their currencies. It is the second notable collapse in the cryptocurrency universe in less than two months. These meltdowns have erased tens of billions of dollars of investors' assets and spurred urgent calls to regulate the freewheeling industry. The collapse of Terra has spurred calls for reform from the cryptocurrency industry, and calls for Congressional regulation. Bitcoin was trading at roughly US$23,400 on Tuesday, down more than 16% in the past day. It’s unclear whether Celsius depositors will get all their funds back.

Crypto-tracked futures lost over $1 billion in the past 24 hours, weighed down by a weak sentiment for bitcoin and other cryptocurrencies amid a weak global ...

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Bitcoin traded at just over $22,000 in European hours on Tuesday, continuing a nearly 12-week slide. Liquidation refers to when an exchange forcefully closes a trader’s leveraged position due to a partial or total loss of the trader’s initial margin. Longs, or traders betting on higher prices, saw over $510 million in liquidations. Futures tracking Cardano’s ADA, Stepn’s GMT, and Binance ecosystem tokens BNB saw over $6 million in losses each, with some 213,000 individual trading accounts seeing liquidations in the past 24 hours. Paradigm led the round for The Wildcard Alliance, the new Web 3 subsidiary of Playful Studios.

Bitcoin Suisse, a crypto-finance company in Switzerland, said on Monday that its services continue to operate normally amid the crypto bloodbath and the ...

FAQ Can Bitcoin be Considered a Real Currency? Bitcoin is referred to by many as a form of digital currency and/or the main alternative to fiat money which is controlled by central entities such as banks. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Is Bitcoin a Scam? Bitcoin is intangible but its value is certainly real and its presence in the financial world is robust and longstanding. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. If the new coin is set to share the previous coin’s transaction history up to the split point, the process is considered to be a “hard fork”. Bitcoin Cash (launched in August 2017), Bitcoin Gold (launched in October 2017), and Bitcoin Satoshi’s Vision (launched in November 2018) were all a result of a hard fork in Bitcoin’s network. These led to significant splits in the community which surrounds crypto and the asset, some of which led to the point in which a “fork” had to be performed on the network. When trading Bitcoin its name is often abbreviated as BTC. What is a Blockchain Bitcoin’s system can be described as a group of computers (often called miners or nodes) which stores the Bitcoin blockchain and runs the Bitcoin code. FAQ Can Bitcoin be Considered a Real Currency? Bitcoin is referred to by many as a form of digital currency and/or the main alternative to fiat money which is controlled by central entities such as banks. Is Bitcoin a Scam? Bitcoin is intangible but its value is certainly real and its presence in the financial world is robust and longstanding. If the new coin is set to share the previous coin’s transaction history up to the split point, the process is considered to be a “hard fork”. Bitcoin Cash (launched in August 2017), Bitcoin Gold (launched in October 2017), and Bitcoin Satoshi’s Vision (launched in November 2018) were all a result of a hard fork in Bitcoin’s network. These led to significant splits in the community which surrounds crypto and the asset, some of which led to the point in which a “fork” had to be performed on the network. When trading Bitcoin its name is often abbreviated as BTC. What is a Blockchain Bitcoin’s system can be described as a group of computers (often called miners or nodes) which stores the Bitcoin blockchain and runs the Bitcoin code.

Bitcoin clawed its way to positive territory after falling as much as 7.3% to $20816, its lowest since Dec 2020.

Chg(%) Chg(%) Price() Chg(%) Price() Chg(%) Price() Price() Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance. Ether is down 75% from its record high of $4,869, hit in November. The company did not immediately respond to a request for comment outside business hours. Bitcoin's slump is likely to have ramifications for other companies exposed to the crypto market.

The value of Bitcoin is at an 18-month low, as the cryptocurrency market continues to tumble.

And now, the Coinbase exchange has just announced it is laying off 18% of its workforce,blaming, in part, the "crypto winter" The more people sell, the less Bitcoin is worth, because that's how it works - its value is pegged to its desirability. It played out at the Super Bowl and has been viewed 28 million times on Twitter and YouTube. - Binance, the largest global crypto exchange (basically a platform for trading cryptocurrencies), paused all Bitcoin withdrawals for a few hours. There's nothing to stop it trading at $10,000 tomorrow, if enough people give up or are forced to sell." Experts say this is because of the wider global climate.