The “technical picture in BTC remains poor, in spite of a less hawkish Powell, BTC failed to regain 40,000, hence this pull back,” Teong Hng, chief executive of crypto investment firm Satori Research, told Bloomberg. On Fed day, May 4, “this was the greatest upside-day for the S&P 500 on a Fed rate hike day […]
Liquidations remained fairly tame across cryptocurrencies, BTC accounting for $190 million over the 24 hours at the time of writing. …Read the full story
“The crypto market has taken a plunge, reacting to the reality of higher interest rates and a shaking global economy. At the recent Federal Open Market Committee meeting, Federal Reserve Chairman Jerome Powell announced the biggest single interest rate hike of 0.5 per cent since May 2000. Hawaii’s Commerce and Consumer Protection committees have unanimously […]
They provided a way for institutional investors and others who didn’t want any direct exposure to the digital asset to trade on it. The market is still reeling from entering a new month but the effects of the month of April continue to linger. This, in turn, had caused the total asset under management of […]
The Bitcoin price has collapsed more than 8% over the past 24 hours. Tech stocks have erased hundreds of billions of dollars, with the Nasdaq Composite index heading for its worst day since June 2020 after plunging 5%. It peaked at nearly 104 early today, growing 9.65% since the start of the year. Alex Dovbnya […]
Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. Stockton stated that long side movements of Bitcoin are quite able to break the current support level. On May 4, the Federal Reserve implemented a long-expected rate hike by half a basis point—the highest increase of […]
“Overall, global markets have been spooked by growth fears as we can see. Ayyar said that bitcoin “lost a key level” when it fell below $37,500 and that could indicate “a move much lower” in the next few days. …Read the full story
The bill, which is swiftly making its way through the state capitol in Albany, calls for a two-year moratorium on certain cryptocurrency mining operations that use proof-of-work authentication methods to validate blockchain transactions. Lawmakers sponsoring the legislation say they are looking to curb the state’s carbon footprint by cracking down on mines that use electricity […]
This purchase of 37,863 BTC positions LFG almost one-third of the way through its initial plans to acquire $10 billion worth of bitcoin to strengthen the UST Forex Reserve backing the Terra ecosystem stablecoin. The initial $1 billion worth of BTC acquired by LFG was facilitated by a prominent cryptocurrency prime broker, Genesis, through an […]
The nonprofit organization, which launched this year to stabilize Terra’s UST stablecoin, announced Thursday that it had acquired another 37,863 Bitcoin, bringing its total reserves in the number one crypto to around 80,394 coins. Terra’s development company, Terraform Labs, formed LFG back in January in a bid to support the Terra ecosystem. Kwon has also […]
Fidelity first began exploring blockchain technology with bitcoin mining in 2014, before launching its digital asset custody and trading platform in 2018. …Read the full story
Pero ante la falta de confianza de que las tasas de interés en Estados Unidos puedan seguir aumentando, el precio de bitcoin cayó fuertemente hoy, así como también las acciones bursátiles de Wall Street. Asimismo, indica que el mercado está sensible a las medidas económicas de Estados Unidos, que actualmente está registrando récords históricos de […]
Reds dominated the crypto price chart on May 6, 2022 as majority cryptocurrencies opened with minor, but notable losses. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. For the latest […]
Coinme, launched in 2014 in Seattle, has teamed up with Coinstar to offer bitcoin in its change-counting kiosks located in grocery stores across the nation. In exchange for your cash, you’ll receive a voucher, which is essentially a receipt, said Coinme co-founder and CEO Neil Bergquist. But as the website warns, bitcoin should be seen […]
Shares of several popular altcoins, including Bitcoin Gold BTG/USD, are trading lower Thursday amid overall market weakness as traders continue to digest Wednesday’s Federal Reserve rate hike announcement. …Read the full story
