Bitcoin News

Bitcoin News

Markets

Market Wrap: Bitcoin Little Changed as Analysts Remain Skeptical

Trading volume is increasing ahead of Wednesday's Federal Reserve press conference.

Bitcoin 24 hour price chart (CoinDesk)

Policy

IMF Urges El Salvador to Discontinue Bitcoin’s Legal Tender Status

The global financial institution said BTC's use as legal tender poses risks to the country's financial stability, integrity and consumer protection.

El Salvador flag (Getty Images)

Markets

Bitcoin Rises Above $37K; Resistance at $40K-$43K

A decisive break above $40K is needed to pause the downtrend from November.

Bitcoin's four-hour price chart shows nearby resistance and RSI on bottom. (Damanick Dantes/CoinDesk, TradingView)

Markets

Bitcoin's Correction Continues for Now, but Eventually It Could Go 'Parabolic,' Says Peter Brandt

Selling pressure is not over yet, although a confirmed shakeout could give way to new highs, according to the chartist.

Bitcoin price chart with volume (Peter Brandt)

Markets

Bitcoin Sell-Off Defers $100K Price Dreams

At the current price, BTC would have to nearly triple to hit $100,000.

Dreams of a $100,000 bitcoin price predicted by many analysts in recent years are looking unattainable for now. (Creative Commons)

Layer 2

How Popular Are Crypto Mixers? Here’s What the Data Tells Us

Volume data suggests crypto coin mixing is not as prevalent as one might think. This article is part of CoinDesk's Privacy Week.

Illustration: Yunha Lee

Markets

Bitcoin-Ether Ratio Hits 3-Month High; Friday's Close Pivotal

The ratio crossed above the 200-day average, signaling continued bitcoin outperformance in the near term.

Bitcoin-ether ratio hits three-month high amid Fed rate-hike expectations. (Fairlead Strategies)

Markets

Bitcoin Recovers to $36K Amid Mixed Response From Traders; Polkadot Leads Altcoin Gains

Crypto markets staged a brief recovery ahead of Wednesday’s Federal Reserve meeting.

Major cryptocurrencies rose as much as 12% in the past 24 hours. (CoinGecko)

Finance

MicroStrategy Will Continue Bitcoin Buying Unfazed by Market Plummeting: Report

The business intelligence company's strategy is to "buy and hold," CFO Phong Le said.

Phong Le, president and CFO of MicroStrategy