Bitcoin News

Bitcoin News

Markets

U.S. job growth blows past forecasts, setting stage for Fed rate hikes

Bitcoin is now facing another headwind — the prospect of higher interest rates.

The U.S. released January jobs numbers Friday morning (Ernie Journeys/Unsplash)

Tech

Live updates: bitcoin tumbles to $60,000 as blowout jobs data, Zcash bug keeps pressure on crypto

Zcash plummeted 40% after Shielded Labs revealed a major bug that went undetected for 4 years.

Bitcoin down

Markets

U.S. bitcoin, ether ETFs end record multibillion outflow streak

U.S. spot bitcoin ETFs pulled in a net $3.05 million on Thursday, capping 13 straight sessions of outflows totaling roughly $4.4 billion. Ether ETFs ended a 17-day outflow streak.

Pile of cash. (Emilio Takas/Unsplash)

Markets

Here's what could happen if bitcoin breaks below $60,000

A confluence of factors makes $60,000 as key level to watch for in the near term, according to Deribit.

Crypto trader on laptop and phone

Markets

'Dr. Doom'-backed Atlas Capital CEO says bitcoin could crash 70% before reaching $500,000

Backed by economist Nouriel Roubini, a long-time anti-bitcoin advocate, and known as 'Dr. Doom,' the Atlas CEO, Reza Bundy, shot a short-term warning for bitcoin but stayed bullish in the long-term.

Atlas CEO Reza Bundy predicts a massive financial crisis is incoming, which will send bitcoin down below the $30,000 level. (Olivier Acuna/CoinDesk)

Markets

Strategy's Saylor's explanation for bitcoin's slide isn't what bears think

Bitcoin's drop reflects capital rotation into AI, Saylor argues, but the bears have a darker reason.

Strategy Executive Chairman Michael Saylor standing. (Nikhilesh De/CoinDesk))

Markets

Bitcoin bounces, HYPE falls, NEAR gets demolished as crypto deals with a wipe out

Amid the crypto price crash, a handful of tokens have been performing well, but they're tumbling now as Arthur Hayes exits.

Strategy Executive Chairman Michael Saylor in 2021 (Photo by Joe Raedle/Getty Images)

Markets

This bitcoin metric has marked every bear market bottom, and it's just flashed again

More than half of the bitcoin in circulation is sitting on unrealized losses as the BTC price tests historically significant bear-market support levels.

CoinDesk

Markets

Bitcoin briefly drops below $62,000 as $1.5 billion in crypto longs get wiped out

Presto Research says bitcoin's drawdowns this year have coincided with rallies in AI stocks and gold as markets scale back expectations for Fed rate cuts.

Bitcoin hero image

Markets

Live markets: Bitcoin selloff stalls as key indicator signals oversold conditions

Bitcoin rebounded to $64,000 after a sharp selloff, with the move reflecting a typical bounce from oversold conditions rather than a confirmed trend reversal.

(Getty Images)