Bitcoin News

Bitcoin News

Policy

US Congress to Hold Oversight Hearing on Crypto Mining: Report

Lawmakers will look at mining’s effect on the environment.

The U.S. Capitol in Washington D.C. (Darren Halstead/Unsplash)

Markets

First Mover Asia: Bitcoin Falls Below $44K After Fed Minutes Release

The cryptocurrency drops almost 6%, and altcoins also fall.

(Getty Images)

Markets

Market Wrap: Bitcoin Dips as Dominance Over Ethereum Shrinks

BTC declines below $45K after the U.S. Fed points to a possible rate hike in March.

(Stephen Leonardi, Unsplash)

Markets

Bitcoin Falls to 1-Month Low as Fed Minutes Reveal Talks to Shrink Balance Sheet

A reduction in the balance sheet might undermine bitcoin’s appeal as an inflation hedge.

Bitcoin's hourly price chart showed steep drop in the hour after the Fed meetings were released. (TradingView)

Markets

Bitcoin Steady Near $45K Support; Resistance at $53K

BTC is at the bottom of a month-long price range, and upside appears limited.

Bitcoin daily price chart shows support/resistance with RSI on bottom (Damanick Dantes/CoinDesk, TradingView)

Layer 2

Now I Need Bitcoin: A Banking Breakdown in Mexico

Jeff Wilser discovers what it means to be unbanked and out of cash.

(Jeff Wilser/CoinDesk)

Finance

Canadian Miner Hut 8 Closed 2021 With 5,518 Bitcoin in Reserve

The miner plans to reach 3.35 EH/s of hashrate by the end of Q1 2022.

Hut 8 plant

Markets

Chainlink Jumps While Bitcoin Stages Recovery

LINK hit resistance levels while major cryptocurrencies held support levels ahead of publication of the Fed’s minutes on Wednesday.

Where does resistance exist for LINK? (TradingView)

Markets

Bitcoin May Squeeze Higher as Retail Interest Subsides: Analysts

On-chain metrics like the “paper hands” ratio from Glassnode suggest a bottom could be nearing, one analyst said.

Chart showing a pick up in BTC-denominated open interest and neutral-to-negative funding rates (Arcane Research, Glassnode)

Markets

Bitcoin Holds Support Ahead of Fed Minutes, March Rate Hike Probability Rises

The Fed’s asset purchase program is set to end in March.

Bitcoin holds range support ahead of Fed minutes (TradingView)