Bitcoin

Ether, the coin linked to the ethereum blockchain and the second largest cryptocurrency, fell nearly 8%

Cryptocurrency prices have been in a slump this year as the Federal Reserve withdraws stimulus and hikes rates to combat inflation. Meanwhile, dogecoin price today was also trading almost flat at $0.07 whereas Shiba Inu also up 0.2% to $0.000011. The global cryptocurrency market cap today is $1.08 trillion, down more than 8% in the last 24 hours. The most popular crypto is down more than 43% so far this year (YTD), and is trading far below its record high of $69,000 it had hit in November last year.

The world's biggest cryptocurrency fell toward $25000 amid a broader selloff fanned by concerns about rising U.S. interest rates.

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BITCOIN continued its selloff into Asia's Monday (Jun 13) morning as part of broader declines in cryptocurrencies after a sharp rise in US inflation ...

The world's largest digital token tumbled as much as 8.9 per cent to US$24903.49. Read more at straitstimes.com.

Other coins were also having a difficult time, with Ether off as much as 12 per cent to its lowest level since February last year. Celsius, which raised US$750 million (S$1.04 billion) in funding late last year, is a significant player in crypto lending. Other cryptocurrencies also declined as a broader sell-off continued.

Crypto spent much of the weekend in the red, following Fridays CPI report that showed inflation rising, said CoinDCX Research Team.

Currently the trend is downward; a major support of $22,000 is now active. Dorsey announced the launch of Bitcoin Academy. The financial education program will be free for residents living at the Marcy Houses, a public housing complex in Brooklyn. However, the total cryptocurrency trading volume zoomed over 22 per cent to $92.98 billion. While one may be still trying to grasp Web 3, former Twitter boss Jack Dorsey has already come out with Web 5. The price plunge underscored investors' risk wariness. The crypto behemoths were trading near 18-month lows.

Economist and gold bug Peter Schiff has made some dire predictions about cryptocurrency, particularly bitcoin and ether.

Devere Group CEO Nigel Green said last week that he expects a bull run and a “significant bounce” in the price of bitcoin in the fourth quarter of this year. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. JPMorgan said last month that the firm sees a “ significant upside” to bitcoin. Furthermore, a growing number of grocery stores and gas stations have started accepting bitcoin as well as other cryptocurrencies. Economist and gold bug Peter Schiff has made some dire predictions about cryptocurrency, particularly bitcoin and ether. Grocery stores and gas stations don’t accept bitcoin.”

A weak macroeconomic environment and systemic risk from within the crypto space have caused nearly twelve successive weeks of losses for the asset.

The world's biggest cryptocurrency fell below $26000 amid a broader selloff fanned by concerns about rising U.S. interest rates.

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In time, value will migrate to currencies built on quantum-resistant algorithms. But right now it might be well worth spending a few billion to build a ...

Mark Webber and his team at the University of Sussex in the UK recently calculated that breaking the cryptography in a 10-minute window would require a quantum computer with 1.9 billion qubits, while cracking it in an hour would require a machine with 317 million qubits. They they would need to get their bogus transactions processed before the original transaction (by paying a bigger fee). All of this would need to be well-timed and finished in a relatively small time window, which sounds hard but it is worth doing because it puts every Bitcoin transaction at risk. An attacker with a quantum computer can find the corresponding private key and recreate the transaction to send the money (for example) to themselves. For technical reasons to do with the way that public keys and things work, the accountants Deloitte reckon that about four million Bitcoins will be vulnerable to such a quantum attack. (Colombia estimates that it will cost about $70 million to salvage what it calls a "national treasure," and it wants it put on display in a museum to be built in Cartagena but there's an interesting dispute emerging around the wreck, which is in Colombian waters. The San José was a 62-gun, three-masted galleon that was sunk by the British with 600 people on board during the War of Spanish Succession (1701-1714). The British were at the time trying to prevent Spanish galleons from returning to Europe loaded with bullion and jewels that could be to fund the war.

Factors including rampant inflation and an imminent interest rate hike from the U.S. Federal Reserve, along with an issue at Celsius, are behind the ...

Users then get yield as a result of the revenue Celsius earns. Celsius, which claims to have 1.7 million customers, advertises to its users that they can get a yield of 18% through the platform. "Since Nov 2021, sentiment has changed drastically given the Fed rate hikes and inflation management. Ayyar noted that in previous bear markets, bitcoin had dropped around 80% from its last record high. Bitcoin and other cryptocurrencies have tended to correlate with stocks and other risk assets. The cryptocurrency market capitalization fell below $1 trillion on Monday for the first time since February 2021, according to data from CoinMarketCap.

LONDON: Bitcoin tumbled on Monday (Jun 13) to an 18-month low under US$25000 as investors shunned risky assets in the face of a global markets selloff.

Despite the collapse in the domestic equity market today, the cryptocurrency markets have reached a record low in 2022. The worldwide crypto market value is ...

The worldwide crypto market value is $985.07B, an 11.08 per cent loss over the past day, according to CoinMarketCap statistics, and with today's dip this year, the global cryptocurrency market cap has plummeted by almost USD 1 trillion so far. Edul Patel Co-Founder & CEO of Mudrex-A Global Crypto Investing Platform said “Crypto prices plunged following the U.S inflation report, which came in at a 40-year high of 8.6% over the weekend. In the midst of a bearish crypto market, Bitcoin, the world's largest and most popular cryptocurrency, fell 11.10 per cent in the previous 24 hours to $24,556.65 USD with a 24-hour trading volume of $51,70,28,31,258 USD. Bitcoin's market cap has dropped 11.77 per cent to $463,816,731,125.85, and the top three losers of the day are Green Satoshi Token, Bitcoin, and BNB. The RSI dropped below 30 as Bitcoin entered the oversold zone." On the daily time-frame, the BTC trend has broken below the long formed triangle pattern. The worldwide crypto market value is $985.07B, an 11.08 per cent loss over the past day, according to CoinMarketCap statistics, and with today's dip this year, the global cryptocurrency market cap has plummeted by almost USD 1 trillion as of now.