Bitcoin News

Bitcoin News

Markets

Bitcoin Approaching $40K Resistance Zone; Support at $37K

A volatile breakout or breakdown is likely this week.

Bitcoin four-hour chart shows support/resistance (Damanick Dantes/CoinDesk, TradingView)

Videos

Here’s Why the Crypto Market Remains Flat

Bitcoin and other major cryptocurrencies continue to flatline amid the growing Russia-Ukraine crisis and rising inflation in the U.S. Michael Safai, managing partner at quantitative trading firm Dexterity Capital, discusses his reading of the crypto markets and where we’re headed next. Plus, what to expect as investors await the Federal Reserve’s interest rate decision tomorrow.

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Finance

Saudi Arabia Mulls Pricing of China Oil Sales in Yuan: Report

The move would be a challenge to the U.S. dollar, which has dominated as the medium of exchange for the oil trade for decades.

(Getty images)


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Markets

Bitcoin Worth $1.2B Leaves Coinbase in a Sign of Persistent Institutional Adoption

Coinbase outflows represent continued institutional adoption of bitcoin as a macro asset, analytics firm Glassnode said.

Coinbase sees largest outflow of bitcoin since 2017. (Source: Glassnode)

Markets

Bitcoin Breakout Elusive as Traders Price In 7 Fed Rate Hikes for 2022

The Federal Reserve is likely to raise rates by 25 basis points on Wednesday, the first hike since 2018.

Bitcoin's price narrowly missed the $40,000 mark late Monday. (Source: CoinDesk, Highcharts.com)

Markets

Bitcoin Unaffected by Hong Kong’s Hang Seng Meltdown

Analysts says the market crash in Hong Kong is being driven by regulatory not monetary policies, which is why the contagion has not spread to crypto.

Hong Kong's Exchange Square, home of the Hong Kong Exchange (See-ming Lee/Flickr)

Markets

First Mover Asia: A Taipei Executive Believes GameFi Can Fix Gaming’s Creative Drought; Bitcoin, Ether Are Flat in Light Trading

See Wan Toong, the CTO of Red Door Digital, a Taipei-based studio building out Web 3 games, believes games can be creative and lucrative; major cryptos were mixed with prices of some rising slightly and others falling.

View of the Taipei Skyline with Taipei 101 at night

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Markets

Market Wrap: Cryptos Decline After Rejection of EU Bitcoin Proposal

BTC trading volume is low as investors position themselves for a busy week.

A controversial proposed ban on proof-of-work crypto in the EU is off the table for now. (Walter Zerla/Getty)

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