Bitcoin

Bitcoin

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Market Wrap: Bitcoin Declines as Fed Projects Interest Rate Rise in 2023

The U.S. central bank also increased estimates of coming inflation to 3% from the 2.2% projection in March, largely due to transitory factors.

Bitcoin 24-hour price chart

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Bitcoin Hashrate Drops to 6 1/2-Month Low After China Mining Crackdown

The Bitcoin network's processing power could rebound if miners relocate to other locales, one analyst predicts.

Bitcoin mining rigs

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Bitcoin Upside Fades, Lower Support at $34K

BTC faces slowing momentum as buyers struggle at resistance.

Bitcoin hourly chart

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Bitcoin Enters Wait-and-See Phase Ahead of Fed Statement

Wednesday's Fed policy statement is likely to see a binary market reaction.

BTCUSD hourly chart

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Adopting Bitcoin as Legal Tender Could Ruin El Salvador's Economy, Economist Says

Bitcoin holders elsewhere could suck up all the dollars in El Salvador "like a vacuum cleaner."

Economist Steve Hanke

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Stripe Co-Founder Is 'Enthusiastic' About Bitcoin, 3 Years After Ending Its Support

John Collison said all approaches to cross-border transactions, including crypto, need to be pursued in "parallel."

speed bump

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Market Wrap: Attempts to Push Bitcoin Above $40K Stall

Some analysts are optimistic while others prefer to see stronger signs of upside momentum before calling a bottom.

Bitcoin 24-hour price chart

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Most Fund Managers Say Bitcoin Still in a Bubble: Bank of America Survey

The results are up six percentage points from last month’s data, indicating sentiment on Wall Street has turned more bearish.

Did someone say "bubble?"

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Open Positions in Bitcoin Futures Rise to 1-Month High

Open interest rose to $13.1 billion after being in the $10.5 billion to $13 billion range.

Commodities

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Hunt for Yield: Wrapped BTC Now Holds More Than 1% of Bitcoin's Circulating Supply

The trend shows how some savvy crypto traders have pivoted to salvage or maintain returns even as bitcoin's price tumbled.

Bitcoin traders are tokenizing the cryptocurrency to run on the Ethereum blockchain for extra yield.