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Cryptonews Latest News

Latest News (Page 2257)

Bitcoin Spot & Derivative Trading Volumes Surge – Bullish for the BTC Price?
Bitcoin spot and derivative trading volumes have been surging in the past few weeks in tandem with the cryptocurrency’s aggressive rally from early monthly lows under $20,000.That suggests there is a lot of conviction behind the recent move higher, which saw Bitcoin eclipse $28,000 this week...
, by Michael Davis
Wild Bitcoin Price Swings Trigger $150 Million in Liquidations in BTC Futures Market – Here Are the Key Themes Driving the Market Right Now
The Bitcoin (BTC) price swung wildly on Wednesday.At one point when the world’s largest cryptocurrency by market capitalization hit session highs early in the day at just above $30,000, BTC was up over 6% on the day.At session lows later in the day in the $27,200s, the BTC price was as much...
, by Michael Davis
Bitcoin Miners Prepare for Upcoming Difficulty Increase in the Face of Market Uncertainty
Bitcoin (BTC) miners are preparing for another difficulty adjustment this week, as the computational power required to mine new coins reaches its highest level in history.The next difficulty adjustment, which is expected to occur on Friday, March 10, will take the difficulty level from 43.05 T to...
, by Fredrik Vold
Bitfinex CTO Says El Salvador’s Bitcoin Bonds Will Launch This Summer – But There’s a Twist
The Chief Technical Officer of the Bitfinex crypto exchange has claimed that El Salvador’s long-awaited Bitcoin (BTC) bonds will launch this year “around June to September.” But the bonds, he explained, may not be bonds after all. Instead, the issuance could take the form of...
, by Tim Alper
“Oversold” Bitcoin Bounces From 200DMA & Realized Price – Where Next for BTC as Bank Crisis/Fed Tightening Jitters Rock Sentiment?
After falling another 1% on Friday to take its week-to-date losses above 10%, Bitcoin (BTC) is now oversold, according to the widely followed 14-Day Relative Strength Index (RSI) indicator. BTC/USD was last changing hands in the $20,100s, having dipped as low as the $19,500s earlier in the session,...
, by Michael Davis
Bitcoin Bears Eye Possible Pullback to This Key Support Area, But Longer-term BTC Price Outlook Remains Strong
Risks of a short-term pullback in the Bitcoin (BTC) price appear to be rising, according to chart analysis.Bitcoin was last changing hands close to $27,500, about 6% below the nine-month highs it hit on Friday in the $29,300s.The cryptocurrency’s repeated failure to hold above resistance in...
, by Michael Davis
Leverage is Declining the Bitcoin Market – Here’s Why That is Bullish For the BTC Price
A measure of leverage in the Bitcoin market just fell to its lowest since late 2021, a sign that volatility inducing speculators are increasingly being washed out of the market, meaning that the world’s largest cryptocurrency by market capitalization may be in for calmer waters ahead.Crypto...
, by Michael Davis
Top Russian Lawmaker Says Bitcoin ‘Has No Future’ – This Is What He Backs for Success Instead
A top Russian MP and the chief architect of the nation’s crypto legislation claims that Bitcoin (BTC) has “no future” – and claims that “ruble-backed coins” will prevail instead.The comments were made by Anatoly Aksakov, the State Duma’s Chairman of the...
, by Tim Alper
Bitcoin Volatility Expectations Fall Sharply After BTC Price Failure to Break $25K
This time last week, Bitcoin looked like it might be on the verge of mustering a key short-term bullish breakout. The world’s largest cryptocurrency by market capitalization had formed a bullish short-term ascending triangle pattern and looked like it was about to break above the key...
, by Michael Davis
Investors Dumped a Record Amount of Bitcoin Last Week, Only to Miss Out on a Face Ripping Rally
Digital asset investment products saw their highest-ever weekly outflow last week, according to the latest Digital Asset Fund Flows Weekly Report released by CoinShares. The $255 million in net outflows amounted to 1.0% of total assets under management (AuM) fleeing from the space.Expressed in...
, by Michael Davis
Spot Bitcoin Trading Volumes Remain Weak – A Threat to the BTC Bull Market Thesis?
After hitting their highest levels last month since the aftermath of the FTX cryptocurrency exchange collapse last November thanks to significant volatility and zero trading fees on BTC pairs on Binance, spot Bitcoin trading volumes have fallen significantly.According to data pulled from...
, by Michael Davis
Bloomberg Analysts: Bitcoin ‘Halving’ Can Send BTC Past $50,000 – Here’s Why
Bitcoin (BTC) could rally past $50,000 over the next year as the effect of the next halving kicks in, according to a Bloomberg Intelligence report.Judging from the findings in the report, the rally seen in the Bitcoin market since the beginning of the year could be just the start of a larger bull...
, by Fredrik Vold
Largest Bitcoin Fraud Scheme Results in $3.4 Billion Penalty in a Case Brought by CFTC
A judge has ordered a record-breaking $3.4 billion penalty in a fraud case involving Bitcoin brought by the US Commodity Futures Trading Commission.In a Thursday press release, the CFTC revealed that Cornelius Johannes Steynberg, a South African national and CEO of Mirror Trading International...
, by Ruholamin Haqshanas
Number of Bitcoin Wallets With At Least 1 BTC Could Soon Hit a Million – How Could That Impact the BTC Price?
Bitcoin bear markets are almost always viewed in a negative light. Net worth evaporates and more recent investors in the world’s largest cryptocurrency by market capitalization often find themselves deeply in the red on their initial investment.But 2022’s bear market looks to have been...
, by Michael Davis
Bitcoin’s Non-Zero Balance Addresses Keep Surging, But These Key On-chain BTC Metrics Show Weakness
The number of Bitcoin wallets holding a non-zero BTC balance continues to rocket higher, hitting a new all-time high of 45.388 million on Sunday, as per data presented by crypto analytics firm Glassnode.That’s a rise of over 2 million since the start of 2022 and is the fastest rate at which...
, by Michael Davis
Bitcoin (BTC) Price Pauses Below $30K, Here is Where it Could Be Headed Next
The Bitcoin (BTC) price is largely unchanged in the mid-$29,000s on Friday.The cryptocurrency found decent support earlier in the session when it briefly fell to test the $29,000 level and 21-Day Moving Average just above it.But the Bitcoin bulls seem to be taking a breather ahead of the...
, by Michael Davis
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