Bitcoin price

Ether declined as much as 5% to $1445.56, its lowest level since March 2021, while Bitcoin dropped to as low as $27264.65, its lowest since May 12.

New York:Bitcoinand Ether pared losses, after falling earlier on Sunday amid a broader retreat by the cryptocurrency complex in the wake of data showing US inflationhitting a fresh 40-year high. Ether declined as much as 6.4% to $1,424.40, its lowest level since March 2021, while Bitcoin dropped to as low as $26,876.51, its lowest since May 12. Virtually all top tokens tracked by Bloomberg were down Sunday, with the likes of Dogecoin and Avalanche falling as much as 9.4% and 13% respectively.

Ether, the coin linked to the ethereum blockchain and the second largest cryptocurrency, fell nearly 8%

Cryptocurrency prices have been in a slump this year as the Federal Reserve withdraws stimulus and hikes rates to combat inflation. Meanwhile, dogecoin price today was also trading almost flat at $0.07 whereas Shiba Inu also up 0.2% to $0.000011. The global cryptocurrency market cap today is $1.08 trillion, down more than 8% in the last 24 hours. The most popular crypto is down more than 43% so far this year (YTD), and is trading far below its record high of $69,000 it had hit in November last year.

Cryptocurrency is in for a rough couple of weeks as experts warn that the embattled digital tokens haven't hit anywhere near rock bottom.

This could be a rough weekend for— Peter Schiff (@PeterSchiff) #crypto. #Bitcoinlooks poised to crash to $20K and #Ethereumto $1K. If so, the entire market cap of nearly 20K digital tokens would sink below $800 billion, from nearly $3 trillion at its peak. And the cold hard truth is that many alts (not all) will never see a new all time high again. You'll lose a lot more money. Cryptocurrency is in for a rough couple of weeks as experts warn that the embattled digital tokens haven’t hit anywhere near rock bottom. Cryptocurrency is in for a rough couple of weeks as experts warn that the embattled digital tokens haven’t hit anywhere near rock bottom. Don't buy this dip.

The world's biggest cryptocurrency fell toward $25000 amid a broader selloff fanned by concerns about rising U.S. interest rates.

- Opinion: The Evidence of the Jan. 6 Committee - Dick's Sporting Goods:10% off sitewide - Dick's Sporting Goods coupons You may cancel your subscription at anytime by calling Customer Service.

Bitcoin (BTC) came within $1,000 of its previous cycle all-time highs on June 14 as liquidations mounted across crypto markets. BTC/USD 1-hour candle chart ( ...

As Cointelegraph reported, the pair had already crossed its $1,530 peak from Bitcoin’s previous halving cycle. “We have been expressing concern about the collapse of a significant credit player since the LUNA blowup. “But downside wicking below the 200 MA occurs & perhaps this wicking needs to occur this time to inspire a strong influx of volume.” The worst of the rout was reserved for crypto, however, and with that, BTC/USD lost 22.4% from the start of the week to the time of writing. “BTC has reached the 200-week MA but the volume influx isn’t as strong as in previous Bear Market Bottoms formed at the 200 MA,” he told Twitter followers: Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $20,816, on Bitstamp, its lowest since the week of December 14, 2020.

Bitcoin has now lost almost a third of its value in the last week, and is worth less than a third of the record high is reached back in November.

A looming hazard of a ‘crypto winter’, now hangs in the balance.” The value of Celsius’s assets has more than halved since October, when it was handling $26bn of client funds. Wall Street was groping for a sign that inflation may have peaked. The results showed that “while the overall crypto market was quite bearish, managers remained extremely bullish on BTC”, with 42 per cent predicting Bitcoin to be between $75-100,000 (£62,000-£83,000) by the end of 2022, and a further 35 per cent predicting a price over $50,000 (£41,000). It currently has around $8bn (£7bn) lent out to its clients. On Monday, the platform said that it would be “pausing all withdrawals, swap, and transfers between accounts” so that it could be in “a better position to honour, over time, its withdrawal obligations”.

Bitcoin has plunged to new lows amid a horror 72 hours for the cryptocurrency. Just past 1pm AEDT on Monday, the top-ranked blockchain tanked to a level ...

"If so, the entire market cap of nearly 20,000 digital tokens would sink below $800 billion, from nearly $3 trillion at its peak. You'll lose a lot more money." Economists predict the rate will be increased to settle on 0.25 per cent or 1.50 per cent for July, with the central bank doing a similar thing last month. On Friday, data found the US's inflation rate had reached a new high, rising to 8.6 per cent in May – which is the worst its been since 1981. "The cold hard truth is that many alts (not all) will never see a new all-time high again," he wrote on social media to his 650,000 followers. Bitcoin has plunged to new lows amid a horror 72 hours for the cryptocurrency.

Cryptocurrency Price Today: Bitcoin Falls to 18-Month Low of $25000, Ether Sheds 28% in a Week; Bitcoin price today fell by 7.17 per cent to stand at ...

Ether prices were down by 28.46 per cent over the past week. Solana $28.09 or 12.79 per cent loss in the last 24 hours On the other hand, Ether price today took a sharp hit and was standing at $1,337.31, falling by 7.61 per cent over the past 24 hours. Cardano $0.4667 or 8.12 per cent loss in the last 24 hours Ethereum $25,458.31 or 7.61 per cent loss in the last 24 hours Bitcoin $25,458.31 or 7.17 per cent loss in the last 24 hours The RSI dropped below 30 as Bitcoin entered the oversold zone," said the WazirX trade desk. “On the daily time-frame, the BTC trend has broken below the long formed triangle pattern. Bitcoin on the day plunged to its lowest level since Decembber 2020, and traded at the $25,000 mark after 18 long months. Crypto investors were largely expecting the U.S. central bank to boost rates a half percentage point later this week in a bid to quell inflation, leading to a major “risk-off” sentiment in the markets," said the CoinDCX research team. Most investors will be keenly looking at the U.S. Federal Open Market Committee meeting slated for June 14 and 15th. Cryptocurrency Price Today: Bitcoin fell to an 18-month low on June 13, Monday, amid global selloff that put pressure on both stock and cryptocurrency markets.

A weak macroeconomic environment and systemic risk from within the crypto space have caused nearly twelve successive weeks of losses for the asset.

The world's largest digital token tumbled over 8% in under 24 hours to around $25,000 (£20,375) and is down more than 43% this year. Bitcoin USD (BTC- ...

You can select 'Manage settings' for more information and to manage your choices. You can change your choices at any time by visiting Your Privacy Controls. Find out more about how we use your information in our Privacy Policy and Cookie Policy. Click here to find out more about our partners. - Information about your device and internet connection, including your IP address

Bitcoin's price fell 7.73 per cent or $25296.10. The largest cryptocurrency by market capitalization has been hovering around $30000 for a month.

Bitcoin, Ethereum, and most cryptocurrencies suffered losses over the weekend after a broad sell-off following the data showing US inflation hitting a 40-year high. XRP fell over 6 per cent, Cardano was down over 10 per cent, Solana fell over 12 per cent, Stellar fell over 8 per cent, Polkadot was down by over 9 per cent. Central banks of several countries have raised key interest rates.

Bitcoin plunged to the lowest in about 18 months in Asia trading Monday as the impact of Friday's shock US inflation data continued to reverberate through ...

The MVIS CryptoCompare Digital Assets 100 Index, which measures 100 of the top tokens, dropped as much as 17%. And the total market value, which topped $3 trillion in November, dropped below $1 trillion as of 10:54 a.m. New York time on Monday, according to CoinGecko. Bitcoin plunged to the lowest in about 18 months after the freezing of withdrawals by the Celsius lending platform added to concern that systemic risk in the crypto ecosystem will accelerate the digital-asset market meltdown. The world’s largest digital token tumbled as much as 17% to $22,603 -- its lowest since December 2020.

Crypto spent much of the weekend in the red, following Fridays CPI report that showed inflation rising, said CoinDCX Research Team.

Currently the trend is downward; a major support of $22,000 is now active. Dorsey announced the launch of Bitcoin Academy. The financial education program will be free for residents living at the Marcy Houses, a public housing complex in Brooklyn. However, the total cryptocurrency trading volume zoomed over 22 per cent to $92.98 billion. While one may be still trying to grasp Web 3, former Twitter boss Jack Dorsey has already come out with Web 5. The price plunge underscored investors' risk wariness. The crypto behemoths were trading near 18-month lows.

Cryptocurrency market falls below $1 trillion, as crypto lender Celsius pauses operations.

Start your Independent Premium subscription today. The reasons for this are varied, but much of it comes down to institutional holders, which calibrate their risk assets in similar ways, be they tech stocks or bitcoin.” By clicking ‘Register’ you confirm that your data has been entered correctly and you have read and agree to our Terms of use, Cookie policy and Privacy notice.

Cryptocurrency prices are plunging again amid ongoing inflation and after Celcius, a crypto lending platform, paused withdrawals and transfers.

I have USDC in my account that I want to use to repay my loan that has a margin call right now, but I can't even repay the damn loan because of the transfer freeze. Some people on social media are referring to today as “Black Monday.” So where does crypto go from here? - Celsius: This is the wildcard on this list. Crypto investors are seeing red this morning as the entire cryptocurrency market appears to be heading off a cliff. As is completely understandable, Celsius users on Twitter are furious. This reduced consumer spending spooks the markets, which usually causes investors to flee riskier investments.

The bitcoin price has crashed, dragging down ethereum and other major cryptocurrencies. CryptoCodex. The combined cryptocurrency market has dropped below $1 ...

💷 On Thursday, the U.K.'s Bank of England will make its interest rate decision. "We are taking this action today to put Celsius in a better position to honor, over time, its withdrawal obligations," the company said in a blog post, adding it needed time to "stabilize liquidity and operations." Catch up quick: After the dramatic collapse of the terraUSD (UST) stablecoin and its support coin luna last month, crypto traders had been nervously watching the likes of Celsius, fearing similar high-interest accounts could also face difficulties as the bitcoin price continued to crash. 🏦 On Wednesday, the U.S. Federal Reserve will announce its latest interest rate decision with economists widely predicting another 50 basis point hike. Mercury rising: Major crypto lending platform Celsius has suspended all withdrawals from its platform due to what it called "extreme market conditions" as cryptocurrency prices go into free fall and users rush to get their coins off the platform. The issuer of the $72 billion tether stablecoin has this morning distanced itself from Celsius. "While Tether’s USDT a statement. Why it matters: Questions have been raised and rumors are swirling about how connected Celsius is to the wider crypto ecosystem and if the contagion will spread. Markets in the U.S. are set to open sharply lower, following declines in Asian and European stocks. Mere hours before suspending withdrawals, Celsius chief executive Alex Mashinsky hit out at critics on Twitter, denying users were having trouble withdrawing funds and accusing them of spreading FUD—a popular crypto acronym for "fear, uncertainty and doubt." 🗣 Tomorrow, the U.S. Securities and Exchange Commission (SEC) chairman, Gary Gensler, will deliver remarks on the SEC's agenda at an event organized by the Wall Street Journal. Speaking last month, Gensler warned of more pain to come for the crypto market and said he feared "there’s going to be a lot of people hurt." ⚙️ Wall Street giant JPMorgan is gearing up to bring trillions of dollars of tokenized assets into the world of blockchain-based decentralized finance (DeFi) as it looks to tap the yield-generating potential of non-crypto assets "with the scale of institutional assets." Crypto lending platform Celsius' cel cryptocurrency has lost a face-melting 50% over the last 24 hours due to the platform suspending withdrawals, citing "extreme market conditions," sparking fears of an imminent collapse.

One of the world's biggest cryptocurrency lenders has paused all withdrawals as the market meltdown continues apace.

She said her department was due to release a report on the matter. The coin was valued at a little over $18 billion in early May before it crashed, according to data from CoinMarketCap. Tether, a popular stablecoin, broke its peg to the US dollar in May, puncturing the view that it could serve as a hedge against volatility.

Bitcoin tumbles to an 18-month low, with cryptocurrencies selling off as inflation shock scares investors out of riskier assets · The crypto market endured its ...

Treasury Secretary Janet Yellen last week called for tighter regulation of the crypto industry. "Due to extreme market conditions, today we are announcing that Celsius is pausing all withdrawals, Swap, and transfers between accounts. The reading exceeded economist expectations for last month at 8.3% due to the soaring cost of energy and food. Ether, the second-biggest cryptocurrency, tanked 15.8% to trade at $1,234.93, set for its biggest one-day fall in a year, while while cardano and solana plummeted 13% and 16%, respectively. Last month, major tokens including bitcoin and ether endured intense sell-offs as investor anxiety built over the Fed's easing of its ultra-easy policy and a high-profile collapse in algorithmic stablecoin TerraUSD. The crypto market as a whole had lost $500 billion in value as a result of the collapse. Meme coin dogecoin dropped 14%.

The world's most popular crypto asset also took a heavy knock from news that crypto lending platform Celsius Network paused withdrawals, citing volatile ...

"The digital currency dived more than 16 percent to hit $22,603 in afternoon London deals, striking a level last seen in December 2020. "The digital currency dived more than 16 percent to hit $22,603 in afternoon London deals, striking a level last seen in December 2020. In recent years, the crypto sector benefitted from a vast infusion of cash due to easy money policies from the world's biggest central banks. "The worry is that inflation is becoming too hot to handle by central banks who will be forced to douse economies with jets of freezing water, in the form of much steeper interest rate rises, to get it under control," added Streeter. "With the era of cheap money coming rapidly to an end, traders are becoming much more risk averse and turning their backs on crypto assets." "Today we are announcing that Celsius is pausing all withdrawals, swap, and transfers between accounts," the platform said in a statement. 'Severe bruising' - "Bitcoin and ether are continuing to get a severe bruising in the ring," said Hargreaves Lansdown analyst Susannah Streeter. In recent years, the crypto sector benefitted from a vast infusion of cash due to easy money policies from the world's biggest central banks. "The worry is that inflation is becoming too hot to handle by central banks who will be forced to douse economies with jets of freezing water, in the form of much steeper interest rate rises, to get it under control," added Streeter. "With the era of cheap money coming rapidly to an end, traders are becoming much more risk averse and turning their backs on crypto assets." "Today we are announcing that Celsius is pausing all withdrawals, swap, and transfers between accounts," the platform said in a statement. 'Severe bruising' - "Bitcoin and ether are continuing to get a severe bruising in the ring," said Hargreaves Lansdown analyst Susannah Streeter.

The deepening rout in cryptocurrencies pushed the price of bitcoin down by almost a fifth to its lowest level since 2020, as part of a broader market ...

- Opinion: The Assault on the Supreme Court - Target:Up to 60% off - Target Promo Code You may cancel your subscription at anytime by calling Customer Service.

Bitcoin and ethereum tanked more than 15% Monday morning amid surging inflation and a shaky stock market. Here's what it means for crypto investors.

Bitcoin has the highest score of all cryptocurrencies, with ethereum close behind — even if there’s a return to prices closer to their all-time highs in late 2021. Reaction: “It is important to understand that bitcoin’s current drawdown in price is largely driven by changes in the macro economy. If you’ve done that, considered the risks, and feel like you’re ready to invest in some crypto, experts generally recommend keeping any crypto investments below 5% of your portfolio and only investing what you’re ultimately comfortable with losing. Reaction: “Bitcoin bears certainly are in ruckus mode, berating the largest crypto the way a schoolyard bully seeks out for tormenting the same easy mark. For the moment, extreme market conditions and fed policy updates are exacerbating the consequences for crypto assets.” The crypto market has been increasingly tracking the stock market, which has been trading in the red recently. Reaction: “I’ve heard a lot of people claim that bitcoin is somehow a unique weapon to protect yourself from inflation. “Economists expected the CPI to rise 8.3% year over year, but the headline inflation level actually came in at 8.6%. Wall Street was groping for a sign that inflation may have peaked. Bitcoin has slid for nearly 12 straight weeks, falling from nearly $49,000 in March to under $23,000. “Crypto hobbles into the week somewhat beholden to the whims of the stock markets, clearly on pins and needles over May inflation numbers — the U.S. Consumer Price Index (CPI) report dropped on Friday,” says Rich Blake, a financial consultant at Uphold, a crypto exchange. Ethereum has followed a similar pattern, going from $3,500 in March to under $1,200. Bitcoin fell below $23,000 and ethereum dropped under $1,200.

Prices of cryptocurrency fell after Celsius announced a pause on withdrawals from its DeFi lending platform. Binance has temporarily paused Bitcoin ...

One other area to watch is Bitcoin mining, where CoinTelegraph reports, based on data from Bitdeer and others, that older mining rigs risk shutdown at current prices and mining difficulty. In the midst of these falling crypto prices, the major trading exchange Binance has also paused Bitcoin withdrawals. In the hours that followed the pause, prices of other cryptocurrencies have also tumbled.

The cryptocurrency market plunged again as Ether, the second-most valuable currency, dropped more than 20 percent.

The coin’s $1 peg was underpinned by complex financial engineering that linked it to a sister cryptocurrency called Luna. When the price of Luna plummeted in May, TerraUSD fell in tandem — a “death spiral” that destabilized the broader market. Crypto prices started dropping again late last week, when a report showed a surge in inflation in the United States, which rattled markets. The crash extends a dire period for cryptocurrencies, illustrating in graphic terms the risks of these experimental investments.

As Bitcoin's price plummets, so could its associated energy use and greenhouse gas emissions. It all depends on how electricity costs compare to the ...

So de Vries thinks that the potential energy savings — and the resulting reduction in emissions — could be even larger when taking the plunging prices of other energy-hungry cryptocurrencies into account. Bitcoin is the biggest player in cryptocurrency, so its swinging prices matter most for the environment. A sustained price at around $24K could shrink the Bitcoin network’s global energy use to around 170 TWh annually, according to de Vries. That might sound like an incremental change, but it would add up to a significant drop in electricity use and related greenhouse gas emissions. It’s also why Bitcoin has a lot of people concerned about the greenhouse gas emissions the cryptocurrency generates. It’s still too soon, though, to make concrete predictions on whether Bitcoin’s price plummet will ultimately be beneficial for the environment. Bitcoin’s value has nosedived enough to curb the cryptocurrency’s enormous energy use — and associated greenhouse gas emissions — but only if prices stay low.

Bitwise CIO Matt Hougan says we're seeing a “giant stress test” on the cryptocurrency market. “By and large, most things are passing the test, ...

To him, the real question is “Are there more shoes to drop?” This will continue “until we hit bedrock and the excesses in the market are cleansed from the system,” Hougan said. “The challenge is: We don't yet know with clarity what the downstream effects of Celsius unwinding will be, or if there are other entities facing challenges as well. He wasn't quite the same as when he went there. By and large, most things are passing the test, but not everything.” The $20,000 mark is scary territory.

Crypto analysts warn market may still be 'on verge of breakdown' after suffering third worst crash since 2013.

“As far as support levels, the next few days surely will test digital assets if a faster pace of tightening and more aggressive rate hikes are announced. Other than brief price jumps, bitcoin and other leading cryptocurrencies have been on a downward trajectory since the end of last year. Start your Independent Premium subscription today. The crash is reminiscent of similar market corrections in 2013 and 2017, which saw bitcoin’s value drop by more than 80 per cent. This site is protected by reCAPTCHA and the Google Privacy policy and Terms of service apply. This site is protected by reCAPTCHA and the Google Privacy policy and Terms of service apply.

Another wave of selling hit BTC and sent its price to lows not seen since December 2020. Does on-chain data suggest this dip is worth buying?

The coming days will confirm this theory and proof would be institutions and retail traders stepping in to buy the dip. Bitcoin has now fallen below its realized price, which represents the average price of every coin in supply based on the time it was last spent on-chain. On-chain data shows that not all traders feel devastated about Bitcoin at yearly lows.

Major crypto lending platform Celsius on Monday announced that it was suspending all withdrawals due to “extreme market conditions,” triggering a major ...

Questions have been raised about crypto platforms like Celsius that promise massive yields to their customers after last month’s high-profile collapse of another high-yielding stable coin, Terra, and its companion token, Luna, last month. The Federal Reserve is set to meet later this week, where it is expected to announce a major hike in key interest rates. Crypto investors have been spooked by surprisingly high inflation and an expected interest rate hike by the Federal Reserve later this week. Celsius runs one of the largest crypto lending operations in the world and it managed to raise $750 million in funding last year from the likes of investment firm WestCap and Canadian pension fund manager Caisse de dépôt et placement du Québec. Celsius has also borrowed $500 million from the U.S. dollar-pegged stable coin Tether, down from an originally planned loan of $1 billion. According to the Financial Times, Celsius was also impacted by the overall decline in the cryptocurrency market in the last few months with its overall assets dropping from a value of $24 billion in December 2021 to $11.8 billion last month. The cryptocurrency market witnessed a major selloff on Monday morning with its overall market cap dropping below $1 trillion for the first time in over a year after major crypto lending platform Celsius announced it was suspending all withdrawals due to “extreme market conditions.”

The price of bitcoin and other cryptocurrencies are falling Monday, after the major crypto lender Celsius halted all withdrawals citing "extreme market ...

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. It’s unclear whether Celsius depositors will get all their funds back. Bitcoin was trading at roughly $23,400 Monday afternoon, down more than 16 percent in the past day.

Buyers in fact front-ran the 200 week MA slightly – it varies by crypto exchange but on the Binance BTC/USDT chart for example that moving average line is at ...

So for 7.5 years, the Bitcoin 200 MA has acted as an important historical support line, holding up the Bitcoin price. The 200MA has been a support level for 7 years. There have only been brief wicks below that support level, quickly bought up by buyers.

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.

During the weekend, economist Peter Schiff tweeted that Bitcoin's price was poised to crash to $20,000 and that the entire crypto market cap would fall below ...

The action of large investors converting their small assets to Bitcoin could aid the recovery. Bitcoin is on a sharp downtrend, and with the global market cap falling below $1 trillion, many investors are spooked, and selling pressure could intensify. Short-term traders could use this as a sign to buy Bitcoin at the current dip, depending on the technical data. The consumer price index increased to 8.6% on a year-over-year basis in May, which was below the expectations that it would drop. The cryptocurrency market has been in a bearish state since the beginning of the year. During the weekend, economist Peter Schiff tweeted that Bitcoin’s price was poised to crash to $20,000 and that the entire crypto market cap would fall below $800 billion.

The deepening rout in cryptocurrencies pushed the price of bitcoin down by almost a fifth to its lowest level since 2020, as part of a broader market ...

- Opinion: The Assault on the Supreme Court - Target:Up to 60% off - Target Promo Code You may cancel your subscription at anytime by calling Customer Service.

The global cryptocurrency market has suffered its worst crash of this year. The total cryptocurrency market cap has fallen below the $1 trillion mark.

Hence, investors shouldn’t allocate more than 5-10% of their savings into the same.(Cryptocurrencies, including Bitcoin, and other virtual digital assets are unregulated in India. They are considered extremely risky for investment. Khaleelulla Baig, co-founder and CEO of Koinbasket, also thinks that the BTC price may fall up to $20,000. “The current market conditions call for caution and investors should execute their investment strategy depending on their risk appetite. “There are chances that BTC may further fall up to $20,000. If sellers are determined, BTC can also fall to US$20,000,” Edul Patel, CEO and Co-founder of crypto investment platform Mudrex said. However, currently the global crypto and financial markets are battered by rising inflation and growing geopolitical uncertainties.

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

Bitcoin's price on Tuesday fell 13.10 per cent to $22301.50 due to the latest high-profile collapse of a pillar of the cryptocurrency industry.

If sellers are determined, Bitcoin can also fall to US$20,000," Edul Patel, co-Founder and CEO of Mudrex, said. These meltdowns have erased tens of billions of dollars of investors' assets and spurred urgent calls to regulate the freewheeling industry. All you need to know

Bitcoin's price slipped below $21000 in the early hours of Tuesday morning, as the cryptocurrency market continues to struggle in the wake of lending site ...

A looming hazard of a ‘crypto winter’, now hangs in the balance.” The value of Celsius’s assets has more than halved since October, when it was handling $26bn (£21bn) of client funds. Wall Street was groping for a sign that inflation may have peaked. The results showed that “while the overall crypto market was quite bearish, managers remained extremely bullish on BTC”, with 42 per cent predicting Bitcoin to be between $75-100,000 by the end of 2022, and a further 35 per cent predicting a price over $50,000 (£41,000). It currently has around $8bn (£6.6bn) lent out to its clients. On Monday, the platform said that it would be “pausing all withdrawals, swap, and transfers between accounts” so that it could be in “a better position to honour, over time, its withdrawal obligations”.

Cryptocurrency Price Today: The global cryptocurrency market continued to spiral down rapidly as the dollar index hit a two-decade high and bearish ...

XRP $0.3142 or 5.26 per cent loss in the last 24 hours Cardano $0.4727 or 1.09 per cent loss in the last 24 hours BNB $218.12 or 9.53 per cent loss in the last 24 hours Tether $0.9987 or 0.04 per cent loss in the last 24 hours Ethereum $1,158.96 or 14.92 per cent loss in the last 24 hours Ether price today was down by 14.92 per cent, to stand at $1,158.96 at the time of writing this article. The next immediate and key support is expected at $19,000,” said the WazirX trade desk. Bitcoin $21,948.90 or 14.28 per cent loss in the last 24 hours As per the WazirX trade desk, “The market sentiment has dipped to a new fear level of 8, the lowest in almost 2 years. Bitcoin price today fell by 14.28 per cent to stand at $21,948.90 at the time of writing this article as fearful traders opted for a mass selloff. “What initially began as a sell-off in traditional markets eventually led to a massive contagion effect across multiple sectors of the economy, with crypto not spared either. The global cryptocurrency market was standing at $924.91 billion, falling by a massive 9.81 per cent over the day, and down from its peak level of $3 trillion seven months ago.

A recent consolidation phase in BTC price ended in the seller's favor as it pierced the $28600 support; how far will this downtrend go?

This overextending selling supports the reversal theory to retest the $28600 mark. Today, the BTC price fell 3.5%, providing an excellent follow-up on the support breakout. The growing uncertainty in the crypto market of whether the BTC price has found a bottom carried the consolidation phase for nearly five weeks.

The global crypto market cap was around $1.1 trillion due to a huge correction in the valuation of heavyweight Bitcoin. The bears in the crypto market come ...

There really is no network in the world, that has its level of adoption or its level of security." Notably, the cryptocurrency picked up momentum in 2021 which was the year of the boom as many market instruments witnessed new lifetime highs. The global crypto market cap was around $1.1 trillion due to a huge correction in the valuation of heavyweight Bitcoin. The bears in the crypto market come after US inflation hits a fresh 40-year high. The latest steep breakdown in Bitcoin is not a new scenario. Then came the period of massive bears as the first wave of the Coronavirus pandemic hit the world in 2020. The selloff is like bubbles bursting the cryptocurrency at a huge margin and bringing in fresh corrections before the crypto picks up position for a bull run. The current bloodbath is seen as a buying opportunity in Bitcoin to hedge funds against multi-year high inflation. The volume of all stable coins is now $73.31 billion which is 86.09% of the total crypto market 24-hour volume. Meanwhile, the total volume in DeFi is currently $6.87 billion - 8.07% of the total crypto market 24-hour volume. Meanwhile, Dennis Porter CEO & Founder of Satoshi Act Fund, and also Executive Producer at Compass Mining, through his Twitter account said, "If you have a 10-year mindset on Bitcoin, the price drops make you happy. Currently, Bitcoin is traded at $27,454.31 down by 4.96%. Following this, the coin's market cap dived to near $523.28 billion. The Crypto market was bleeding on Sunday with Bitcoin nosediving steeply below $28,000.

Ethereum lost 20% of its value in the last three days and has performed much worse than Bitcoin. Speculations about the Celsius network liquidity crisis.

It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. The broken support levels now turned into strong resistance levels, as can be seen in the following chart: If the negative sentiment continues, support at 0.05 BTC (in green) will probably be retested. Disclaimer: Information found on CryptoPotato is those of writers quoted. At present, it is challenging to speculate whether we saw a market bottom. Where is the bottom?

The key macro driver hurting the crypto space, which has largely been trading like a risk-on asset, was another hot inflation release. In May, inflation ran at ...

A breakdown (consecutive weekly closes below $27.2K) would increase risk to secondary support in the $18.3K-$19.5K range," Stockton said. The weekly stochastics have failed to turn higher from oversold levels, which also suggests a relief rally is unlikely, for now," Stockton said. And even though the macro-environment also weighed on Ethereum, the world's second-largest cryptocurrency sold off more due to the upcoming Merge problem. Once implemented and completed, the Merge for the proof-of-stake system could proceed shortly after. The key macro driver hurting the crypto space, which has largely been trading like a risk-on asset, was another hot inflation release. Bitcoin was below $28,000 on Sunday, down 6% during the last week.

Additionally, BTC/USD currently forms a strong bullish reversal candle, which indicates that retracement should follow early next week. Therefore, we expect ...

If the price can stabilize around there, a clear lower high would be set, opening the way for a lot more downside over the next weeks. Bitcoin price could then attempt to set a higher low to reverse the current several-month downswing finally. Likely the $28,250 previous support will be quickly reached, with a lot more room for a retracement to follow when considering how much was lost over the past days. Likely, the previous support at $28,250 will be soon tested as resistance, with a lot more potential for upside to be seen later next week. Bitcoin price action has seen a strong break below the previous consolidation area this weekend. BTC/USD traded in a range of $27,049.04 to $28,721.02, indicating strong volatility over the last 24 hours.

Early on June 12, cryptocurrencies were trading in the red. The global cryptocurrency market worth was $1.13 trillion as of June 11, down 5.09 per cent from ...

The overall volume of all stable coins was $60.71 billion, accounting for 84.84 per cent of the total 24-hour volume. Initial support, according to CoinDesk, is seen at $25,000, which is near the May 12 price low. Going by the 'historical values', Bitcoin has been in the 'extreme fear' zone for quite some time. Bitcoin, the world's largest and most popular cryptocurrency, was trading at around ₹ 23 lakh (about $29,000), with a 47.66 per cent market share. Early on June 12, cryptocurrencies were trading in the red. The entire volume in DeFi was $6.08 billion, accounting for 8.50 per cent of the overall 24-hour volume in the cryptocurrency market.

Bitcoin managed to bounce off a critical support and if the higher levels sustain, FTT, XTZ, KCS and HNT could attract buyers.

That could push the price to $16.30 and next to $17. To invalidate this view, bears will have to sink and sustain the price below $1.61. If that happens, the pair may drop to $1.45. Conversely, if the price turns down from $15, it will suggest that bears have flipped the level into resistance. Although the price is trading below $15, a minor positive is that the bulls have not allowed the bears to extend the decline. That led to long liquidation which pulled the price back below the 20-day EMA ($9.69) on June 11. On the contrary, if the price fails to sustain above the neckline, it will suggest that bears are not willing to let go of their advantage. That could increase the possibility of a 100% retracement to $9.50. If they manage to do that, it will suggest that the correction may be over. If that happens, the pair could resume its downtrend and drop toward the psychological level of $1. If the price turns down from $28,630, the bears will make one more attempt to sink the pair below $26,700 and resume the downtrend. The bulls will attempt to push the price back above the breakdown level of $28,630. If that happens, the pair could start a new up-move toward the pattern target of $34.