Bitcoin

Bitcoin tumbled more than 13% at one point on Saturday, crashing below the closely watched $20000 level to its weakest level in 18 months, as it extended a ...

"There's a tremendous amount of people that will be scarred forever," said Moya, referring to retail buyers. Moya said that "even the loudest crypto cheerleaders from the big rally are now quiet. "I think this is going to slice through $15,000," he said. There also were reports that a cryptocurrency hedge fund had run into trouble. The digital currency sector has been pummeled this week after cryptocurrency lending company Celsius froze withdrawals and transfers between accounts, while crypto companies started laying off employees. Register now for FREE unlimited access to Reuters.com

The price of bitcoin has fallen below $20,000 (£16,400) amid deepening turmoil in the cryptocurrency market. The cornerstone digital asset slipped to levels ...

The investor panic also started to affect financial businesses focused on the crypto markets. The $20,000 level is viewed as important by some crypto followers for a number of reasons. The entire crypto market, worth more than $3tn in November last year, is now valued at $884bn, according to data firm CoinGecko.

The cryptocurrency industry has seen turmoil amid wider turbulence in financial markets; Bitcoin hit an all time high of $US69,000; The overall market value of ...

"There is a lot of turbulence in the market," Mr Fracassi said. The overall market value of cryptocurrency assets has fallen from $US3 trillion to below $US1 trillion, according to coinmarketcap.com, which tracks crypto prices. - The overall market value of cryptocurrency assets has fallen from $US3 trillion to below $US1 trillion

Bitcoin tumbled more than 13 percent at one point today, crashing below the closely watched US$20000 level to its weakest level in 18 months.

"There's a tremendous amount of people that will be scarred forever," said Moya, referring to retail buyers. Moya said that "even the loudest crypto cheerleaders from the big rally are now quiet. "I think this is going to slice through US$15,000," he said. "But there are still a lot of people that were about to get into the space, and there's still interest." "The $20,000 level for Bitcoin is an important technical level and the dip below may trigger more margin calls resulting in forced liquidations," said Jay Hatfield, chief investment officer at Infrastructure Capital Management in New York. "The case for institutions to buy the dip is more challenged now given that the utility for bitcoin has yet to be proven," he said.

Ethereum, another widely followed cryptocurrency that's been sliding in recent weeks, took a similar tumble on Saturday.

“There is a lot of turbulence in the market,” Fracassi said. Many nascent investors — especially young people — invested in crypto based on a false hope that was sold to them, he said. Cryptocurrency lending platform Celsius Network said this month that it was pausing all withdrawals and transfers, with no sign of when it would give its 1.7 million customers access to their funds. Instead, he said the focus should be on recent news from lending platforms. The crypto industry has also upped its lobbying efforts — flooding $20 million into congressional races this year for the first time, according to records and interviews. On Saturday, the company's data showed crypto's global market value stood at about $834 billion.

The largest cryptocurrency, which acts as a benchmark for the broader crypto market, plunged to under $18,000 on Saturday, a fall of around 14 per cent, before ...

The digital currency sector has been pummeled this week after cryptocurrency lending company Celsius froze withdrawals and transfers between accounts, while ...

Total liquidations in the crypto market were $435.5 million in the past 24 hours, with Bitcoin and Ether at around $202 million and $144.5 million respectively, ...

Bitcoin fell below $17800, and ether fell under $920, as the sell-off in the crypto market accelerates.

And I think it's really unfortunate that people lost money, and I think it will, in some ways, set back the space, because you will lose some early adopters or some of the people who just came in new to the space," continued Cascarilla. "One doesn't want to, as a builder, as an investor for the long-term... Then on Wednesday afternoon, the Federal Reserve raised its benchmark interest rates three-quarters of a percentage point in its most aggressive hike since 1994. "It's just made me Twitter famous, so I appreciate that...We feel like we have a fortress balance sheet, we're comfortable, and the margin loan is well managed." In the chaos, Celsius, a major crypto staking and lending firm, shocked the market when it announced that all withdrawals, swaps and transfers between accounts have been paused due to "extreme market conditions." Coinbase announced it was laying off nearly a fifth of its workforce due to crypto volatility. But that being said, you could still see a lot of liquidations with that collateral being sold off on DeFi protocols," continued Todaro. It doesn't help that crypto firms are laying off large swaths of employees, and some of the most popular names in the industry are facing solvency meltdowns. Celsius was known for offering users a yield of up to 18.63% on their deposits. Celsius effectively locked up its $12 billion in crypto assets under management, raising concerns about the platform's solvency. The carnage in the crypto market is partly caused by pressure from macroeconomic forces, including spiraling inflation and a succession of Fed rate hikes. It seemed like the crypto winter was here.

Bitcoin snapped a 12-day slide, taking a breather to bounce along with the rest of the cryptocurrency market after a record-breaking string of declines.

It stood at $19,500 as of 9:15 a.m. in New York. Ether, which touched as low as $881 in the selloff, climbed 15% to $1,040, while alternative coins from Avalanche to Solana also enjoyed gains. The world’s largest cryptocurrency climbed as much as 12% early Sunday, recouping some of its losses from a steep drop Saturday that sent the token to as low as $17,599. Analysts cautioned the respite may be brief.

Crypto price trends today have a few surprises. There's a new cryptocurrency in the top 10 tokens by market cap, and new tokens in the top 20 too.

The crypto price of Litecoin is $42.93 and has dropped 4% over the past day. The crypto price of Polkadot (DOT) is currently $7.09 and down 3% in the past day. Meanwhile, the crypto token Stellar (XLM) has risen to 23rd place. This is the lowest Bitcoin price since December 2020 and a loss of 31% in price over the past week. While this is the lowest since at least 2018 – and a strong buy indicator for Bitcoin – there’s no sign of the Bitcoin price recovering yet. Losses have continued through to June 15 with the crypto market cap currently at $880 billion.

Bitcoin seems to be taking a welcome break for millions of investors. The most popular cryptocurrency, has regained some life: the price was at $19,735.89, ...

"Due to the current situation, Babel Finance is facing unusual liquidity pressures," the firm said in a statement. The crypto market as a whole gained 3.7% to $972 billion in the past hour. Crypto likely has a future, but #Bitcoin will not be a part of it." That industry as we know it is dead, which is very healthy for the economy. Ether, the second cryptocurrency by market value, was up 6.5% at $1,058.60 in the past hour. Cryptocurrencies and tech groups are considered as such.

King crypto has gone below the $20000 level, losing its price milestone achieved five years ago.

This is not the first time this year that Schiff has shared an expectation of Bitcoin falling below $10,000. That was the biggest hike in 22 years - the reaction of Bitcoin was similar to the current one: first it held steady and then started falling down. That was the biggest rate hike in almost 30 years – since 1994.

OAKLAND, California — The price of a bitcoin inched above $20,000 on Sunday after the broader crypto selloff dragged it below the significant psychological ...

The cryptocurrency industry has seen turmoil amid wider turbulence in financial markets. Investors are selling off riskier assets because central banks are raising interest rates to combat quickening inflation. OAKLAND, California — The price of a bitcoin inched above $20,000 on Sunday after the broader crypto selloff dragged it below the significant psychological threshold a day earlier.

The world's largest cryptocurrency climbed as much as 12% early Sunday, recouping some of its losses from a steep drop Saturday that sent the token to as ...

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. The total market cap of cryptocurrencies was around $900 billion on Sunday down from $3 trillion in November, CoinGecko data shows. Still, the overall tone remains negative, with monetary tightening providing macro headwinds and crises within crypto raising concerns about widening distress. ALSO READ What exactly is cryptocurrency and how it works?

The price of bitcoin bounced 16.7% off of its Saturday lows. Ether followed with a 29% gain.

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. The drop also put bitcoin below the $19,783 all-time high it notched in December 2017, a level many crypto traders believed bitcoin would not fall below. The price of bitcoin bounced 16.7% off of its Saturday lows. If they wait too long, they will have to chase higher.” “They have to determine if they will get to buy another 20% lower, or if this is their chance. The price of bitcoin bounced 16.7% off of its Saturday lows.

The price of a bitcoin has inched above $20000 after the broader crypto selloff dragged it below the psychological threshold a day earlier.

The cryptocurrency industry has seen turmoil amid wider turbulence in financial markets. On Saturday, bitcoin had plunged as much as 9.7% to less than $18,600 by late afternoon on the East Coast, according to the cryptocurrency news site CoinDesk. At some points during Saturday, it was below $18,000. Investors are selling off riskier assets because central banks are raising interest rates to combat quickening inflation.

Bitcoin snapped a 12-day slide, taking a breather to bounce along with the rest of the cryptocurrency market after a record-breaking string of declines.

The total market cap of cryptocurrencies was around $900 billion on Sunday down from $3 trillion in November, CoinGecko data shows. Adding to the mood, crypto hedge fund Three Arrows Capital suffered large losses and said it was considering asset sales or a bailout, while another lender, Babel Finance, followed in Celsius’s footsteps on Friday. It stood at $19,500 as of 9:15 a.m. in New York. Ether, which touched as low as $881 in the selloff, climbed 15% to $1,040, while alternative coins from Avalanche to Solana also enjoyed gains. The token also broke through a technical support level of $18,300, said Katie Stockton managing partner and founder of Fairlead Strategies. Consecutive weekly losses below that level would increase the risk of falling toward the next support of $13,900, she added. The world’s largest cryptocurrency climbed as much as 12% early Sunday, recouping some of its losses from a steep drop Saturday that sent the token to as low as $17,599. Still, the overall tone remains negative, with monetary tightening providing macro headwinds and crises within crypto raising concerns about widening distress.

Bitcoin on Sunday rose around 7.6% to $20404 from its previous close, signaling a recovery from a sharp drop on Saturday.

He added that Bitcoin and other digital currencies remained extremely volatile. Register now for FREE unlimited access to Reuters.com Register now for FREE unlimited access to Reuters.com

A Sunday rally had bitcoin perched back over $20K and ether above $1.1K, but the recent Terra and Celsius debacles have increased investor anxiety about the ...

Andrew Brenner, head of international fixed income at National Alliance Securities, on Sunday said the rise in Bitcoin was likely the result of retail investors ...

He added that Bitcoin and other digital currencies remained extremely volatile. Brenner said digital currencies were not a good investment at a time when the US Federal Reserve tightens the supply of dollars by ending expansive monetary policy. Andrew Brenner, head of international fixed income at National Alliance Securities, on Sunday said the rise in Bitcoin was likely the result of retail investors buying up the digital currency over the weekend, when few professional traders are working.

Cryptocurrency prices today: Ether, the coin linked to the ethereum blockchain, jumped more than 11%

Short-term retail holders who had bought over the past year and a half faced an early test as Bitcoin fell to the lowest levels since 2020. Meanwhile, dogecoin price today was also trading more than 11% higher at $0.05 whereas Shiba Inu rose about 6% to $0.000008. The world's largesr and most popular cryptocurrency rose over 5% and was trading at $19,885.

The cryptocurrency industry was on edge on Monday morning as investors feared contagion from problems at major crypto players could unleash a major shakeout ...

Register now for FREE unlimited access to Reuters.com But if we move much lower from here, I think it could be a total shitstorm," said Adam Farthing, chief risk office for Japan at crypto liquidity provider B2C2. Register now for FREE unlimited access to Reuters.com Bitcoin which has lost 57% so far this year and 37% this month, fell below $20,000 over the weekend for the first time since December 2020. read more Register now for FREE unlimited access to Reuters.com

Crypto lender says it has an 'open dialogue' with regulators after suspending withdrawals.

Andrew Brenner, head of international fixed income at National Alliance Securities, on Sunday said the rise in Bitcoin was likely the result of retail investors ...

It has lost almost 60% of its value this year and 37% this month alone in the cryptocurrency sector's latest meltdown. Crypto lender Celsius Network this month said it would suspend customer withdrawals. Celius also said that stabilizing its liquidiy and operations "will take time."

Largest cryptocurrency falls as much as 4.8 percent in Asia as a period of volatility continues.

Some crypto executives argue that Bitcoin below $20,000 could lead to more liquidations of leveraged positions. Solana, Cardano and Dogecoin were in the red. The largest cryptocurrency fell as much as 4.8% to $19,618 on Monday in Asia and was trading at $20,036 as of 12:30 p.m. in Tokyo. Ether at one point shed 7.8% but held above $1,000.