Bitcoin News

Bitcoin News

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Market Wrap: Bitcoin Underperforms Altcoins as Sell-Off Pauses

Bitcoin is stabilizing after a near-10% decline over the past week.

Sell-off stabilizes (Shutterstock)

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What's Behind Bitcoin's Dramatic Pullback to Lowest Level Since Oct. 13?

Bitcoin is bouncing back from its five-week lows Friday. Blockchain analytics platform CryptoQuant says the early drop was predominantly driven by traders taking short positions in the perpetual futures market. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

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Bitcoin Looking to Bounce Back From Low of Sub-$56K

Bitcoin is recovering to above $58,000 at press time from the low of $55,666 reached during the early European trading hours, the lowest level since Oct. 13. "The Hash" team discusses whether this could signal a bear market or just a healthy price correction.

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Key Factors Impacting Bitcoin Market Movement This Week

“All About Bitcoin's” Week in Review panel discusses what to make of this past week's significant markets sell-offs, examining the potential impact of China's continued mining crackdown and India's efforts to ban crypto transactions. Plus, reactions to the iconic Staples Center being renamed as the Crypto.com Arena in one of the biggest naming deal in sports history.

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Las criptomonedas podrían desestabilizar países y debilitar al dólar como reserva de valor, según Hillary Clinton

La excandidata a la presidencia de los Estados Unidos pidió un esfuerzo conjunto de los Estados nación para controlar el auge de las criptomonedas.

Dólares estadounidenses (Shutterstock)

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Bitcoin Attempts Price Recovery After a Derivatives-Led Slide to Sub-$56K

Fears about a supply glut from the Mt. Gox settlement are unfounded, one analyst said.

Chart showing bitcoin's recovery from five-week lows

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Bitcoin Long-Term Uptrend Intact; Support Around $53K-$56K

Momentum is still positive on a weekly basis, which is consistent with a bullish uptrend.

Bitcoin weekly price chart shows long-term uptrend with positive momentum in first panel and RSI declining from overbought levels in lower panel.

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Turkey Makes the Case for Bitcoin as Erdogan Runs the Autocrat’s Inflation Playbook

The longtime ruler’s unhinged monetary policy follows a familiar pattern – and it’s pushing some Turks toward bitcoin.

Turkish President Recep Tayyip Erdogan, who has held power for nearly twenty years. Erdogan has cut interest rates despite high inflation, in a short-term bid to prop up Turkey's economy (Antonio Masiello, Getty Images)

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Bitcoin Attempts Price Recovery After a Derivatives-Led Slide to Sub-$56K

Bitcoin is looking to regain its footing, having reached five-week lows early Friday in a move market participants said was driven by derivatives. Haohan Xu, CEO of crypto trading firm Apifiny, discusses his views on bitcoin's trajectory and how low it could go. Plus, whether the benefits of Taproot could already be priced into BTC.

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