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Nalezeno "Bitcoin news": 10932

Bitcoin and Ethereum at Risk of More Losses, XRP, MATIC and SOL Down 4%-8%


Bitcoin price settled below the USD 22,000 level. BTC is currently (11:44 UTC) struggling to stay above the USD 21,000 level. If the bears remain in action, there is a risk of a move towards the USD 20,000 support zone. Similarly, most major altcoins are showing bearish signs. ETH could gain...

Tesla Reveals Its Bitcoin Holdings and BTC Sale Profit


The electric car maker Tesla has revealed that it still holds digital assets worth approximately USD 222m, after saying last week that it had sold 75% of the bitcoin it held on its balance sheet. The company has posted a USD 64m gain on the sale. The new details of Tesla’s latest bitcoin (BTC)...

Binance CEO Sues Bloomberg's Partner Over 'Shitcoin Casino' Article


Changpeng 'CZ' Zhao, CEO of crypto exchange Binance, seems to be very unhappy with his portrayal by a major media outlet, as he is willing to go to court to fight against it. Zhao has sued the Hong Kong publisher of Bloomberg Businessweek after a Chinese language version of an article allegedly...

Bitcoin and Ethereum Erase Weekly Gains, Altcoins Increase Losses


Bitcoin price extended losses below the USD 22,500 level and declined below USD 21,500. It is currently (03:58 UTC) trading just below USD 21,200 and is down over 3% in a day and 5% in a week. Similarly, most major altcoins are moving lower. ETH traded below the USD 1,450 support level. XRP might...

US Fed Set for New Rate Hike This Week, But How Aggressive Will It Be?


The US Federal Reserve (Fed) is set to announce another significant interest rate hike on Wednesday this week, and crypto market participants are watching closely for any clues about how aggressively the Fed will move.... Read More: US Fed Set for New Rate Hike This Week, But How Aggressive Will...

Banking Giant Barclays to Invest in Crypto Firm Copper Amid Market Downturn


Multinational banking giant Barclays reportedly aims to invest in crypto custody firm Copper despite the declining global appetite for risk-on assets like cryptoassets. The UK-based bank is one of several new investors joining a funding round for Copper, Sky News reported Sunday, adding that...

FTX Proposal is a 'Low-ball Bid Dressed Up as a White Knight Rescue' - Voyager


Crypto platform Voyager Digital argued that a joint offer proposed by crypto exchange FTX and linked trading firm Alameda is a “low-ball bid” that could disrupt the company’s bankruptcy process, to which FTX CEO Sam Bankman-Fried replied that the offer would provide Voyager customers with 100%...

Bitcoin and Ethereum Correct Gains, Altcoins Show Bearish Signs


Bitcoin price started another decline after it failed to settle above the USD 23,000 zone. BTC corrected gains and traded below the USD 22,000 level. It is currently (04:09 UTC) trading near USD 21,900 and is down over 2% in a day and still up 5% in a week. Similarly, most major altcoins have...

3 Reasons Why 3 Arrows Capital Failed, Per Its Founders


There were at least three major factors that lead to the collapse of the fund, according to the founders of Three Arrows Capital (3AC) Su Zhu and Kyle Davies. After five weeks in hiding, stating that they’ve gotten death threats, the founders spoke to Bloomberg, which described the duo as...

Ethereum Outperforms Again, Bitcoin Eyes Key Upside Break, Altcoins in Green


Bitcoin price remained well supported and moved above the USD 23,000 zone. BTC even climbed above the USD 23,400 level and is currently (10:20 UTC) up 2% in a day and 13% in a week. Similarly, most major altcoins are showing signs of more gains. ETH surged almost 9% and was able to settle above...

Bitcoin and Ethereum Inch Higher, MATIC Regains Strength


After extending its correction below USD 23,000, bitcoin managed to stay above the USD 22,500 support and moved higher again. It is currently (03:50 UTC) trading near USD 22,950 and is up almost 1% in a day and 12% in a week. Similarly, most major altcoins are showing signs of a fresh increase....

Bitcoin Mining Difficulty Sees Its Biggest Fall in 12 Months


Bitcoin (BTC) mining difficulty has just seen its largest drop in a year, helping miners increase their profitability during this harsh crypto winter.  Bitcoin mining difficulty, or the measure of how hard it is to compete for mining rewards, dropped by 5% today. This brought it down to 27.69 T...

Bitcoin Stumbles After a Marginal Recovery; What’s Next for BTC?


Bitcoin has been considered the mirror for the performance and growth of the cryptocurrency industry as a whole which is with a little over $1000 billion. Despite its dominance to the tune of 3x the market capitalization of Ethereum during its peak cycle, BTC now remains just 2.4 times. The current...

European Central Bank Raises Rates for the First Time in 11 Years


On Thursday, the European Central Bank (ECB) raised interest rates in the eurozone for the first time in 11 years, as high and rising inflation becomes central bankers’ primary concern.  The 50 basis points rate hike is higher than analysts had expected, and marks a departure from...

Did Tesla Make Profit on its Bitcoin Investment?


The electric car maker Tesla sold off 75% of its bitcoin (BTC) holding for “a realized gain” in the second quarter, prompting speculations on how this investment went for the company. The sale is believed to have been made at a price of around USD 29,000, higher than the lows seen during...

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