Bitcoin / 629 posts found
Shiba Inu Whale Adds Nearly 1.7 Trillion SHIB Tokens Amid Price Crunch
Cryptocurrency The global crypto market cap has lost the $966 mark and has plunged by 0.67% over the last 24hrs. This downtrend is led by Bitcoin, which has also lost its crucial $20,000 zone and is presently trading around the $19,000 level. The altcoins have followed suit. Shiba Inu, the meme currency, has been trading downward since Sept. 25 after the bulls failed to push the price above the $0.000012 resistance. At the time of writing, Shiba Inu is selling at $0.0000111, with a fall of 2.64% over the last 24hrs. Shiba Inu Continues Downward Movement It has also been […]
First Mover Asia: The Crash of Three Arrows Capital’s Starry Night Portfolio Shows NFTs’ Lack of Staying Power; Bitcoin Regains $20K After Earlier Drop
Good morning. Here’s what’s happening: Prices: Bitcoin fell below $20K in its ongoing tango with the psychologically important threshold. Insights: Three Arrows Capital’s Starry Night NFT collection is worth a fraction of what the now bankrupt crypto hedge fund paid to assemble it. The crash underlines a bigger problem with the NFT market. Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. And sign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context. ● Bitcoin (BTC): $20,002 −1.7% ● Ether (ETH): $1,357 −1.4% ● CoinDesk Market […]
Bitcoin Cash maintains choppy movement. Are buyers relentless?
Bitcoin Bitcoin Cash has held close to $110 for three months now The cryptocurrency’s price movement has reflected that of Bitcoin BCH has formed multiple bottoms, suggesting a possible price reversal at $110 Bitcoin Cash BCH/USD bulls have been sending a clear message. That they want to keep the $110 level intact. Even when the markets are under pressure, BCH has always held to the level since June. Well, the price dynamics of Bitcoin Cash resemble those of the parent blockchain, Bitcoin. The latter has been the king of crypto. Thus, it is expected that Bitcoin will steal all the headlines in […]
Uphold Launches Free Bitcoin Trading
Bitcoin SAN FRANCISCO, CA / ACCESSWIRE / October 5, 2022 / Uphold, the digital asset trading platform serving more than 10 million customers worldwide, today introduces free Bitcoin (BTC) trading for its customers in a pioneering move. Uphold customers will now be able to buy and sell Bitcoin free of charge using national currencies such as the U.S. Dollar and the Euro until further notice. Typically, exchanges charge fees of up to 2% on BTC trades, which means that a customer would pay around $40 for a $1,000 round trip purchase and sale of BTC. While not immune to volatility, […]
US CFTC as Crypto’s Regulatory Savior? Crypto Firms Might Not Like What They Get
Just because Rostin Behnam is the rare government official who can casually drop a comment that suggests a future explosion in bitcoin price, doesn’t mean he’s a crypto bro. The chairman of the Commodity Futures Trading Commission (CFTC) is widely seen in crypto circles as a relatively friendly face in government, and Behnam often says things that seem to reinforce that view. Speaking to students at New York University last week, Behnam said he was “cautious to be a cheerleader” for crypto, but described the industry’s explosive growth as “exciting” and “fascinating.” “I think there’s a few folks who wish […]
First Mover Americas: Bitcoin Busts Past $20K on Hopes of Fed Pivot
Cryptocurrency Lyllah Ledesma is a CoinDesk Markets reporter currently based in Europe. She holds bitcoin, ether and small amounts of other crypto assets. Omkar Godbole was a senior reporter on CoinDesk’s Markets team. Price Point: Bitcoin rises above $20,000, as risky assets climb on the hopes that central banks will pivot away from their money-tightening policies. Market Moves: Bitcoin’s bullish momentum is building. Chart of the Day: Financial stress remains contained, weakening the case for the so-called Fed pivot. This article originally appeared in First Mover, CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to […]
Barclays Remains Positive on Bitcoin, Sees Miner Core Scientific as ‘Best-In-Class Leverage Play’
Will Canny is CoinDesk’s finance reporter. Barclays (BCS) says it remains positive about the long-term viability of bitcoin (BTC), and views bitcoin miner Core Scientific (CORZ) as a “best-in-class, leveraged play on the crypto ecosystem.” The crypto winter has clearly been rough for miners, who have seen profit margins shrink as bitcoin prices plunged more than 50% this year, while power prices soared and capital dried up. Despite this difficult macro backdrop, Barclays sees compelling risk/reward for Core at current levels. The shares of crypto hosting and mining company rose about 9.5% in premarket trading on Tuesday, amid a rally […]