Bitcoin

Bitcoin tumbled more than 13% at one point on Saturday, crashing below the closely watched $20000 level to its weakest level in 18 months, as it extended a ...

"There's a tremendous amount of people that will be scarred forever," said Moya, referring to retail buyers. Moya said that "even the loudest crypto cheerleaders from the big rally are now quiet. "I think this is going to slice through $15,000," he said. There also were reports that a cryptocurrency hedge fund had run into trouble. The digital currency sector has been pummeled this week after cryptocurrency lending company Celsius froze withdrawals and transfers between accounts, while crypto companies started laying off employees. Register now for FREE unlimited access to Reuters.com

Bitcoin's price drop Saturday morning also brought down the broader crypto currency market, with Ether tumbling 12.4% to $948, well below its 2017-2018 cycle ...

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Bitcoin has historically experienced periods of asymptotic price run-ups followed by steep crashes, typically played out over several months to two years. As of press time, bitcoin was trading at about $18,319 a coin, a 10.8% decline over the past 24 hours. Bitcoin’s price fell well below $19,783, the all-time high it notched in December 2017. The price drop of bitcoin also marks the breach of a significant price level – namely, bitcoin’s all-time high from the previous crypto cycle. Bitcoin’s price fell well below $19,783, the all-time high it notched in December 2017.

LONDON (AP) — The price of bitcoin fell below $20,000 on Saturday for the first time since late 2020, in a fresh sign that the selloff in cryptocurrencies ...

“There is a lot of turbulence in the market,” Fracassi said. Another platform, Babel Finance, said in a notice posted online Friday that it would suspend redemptions and withdrawals on products due to “unusual liquidity pressures.” The industry has also upped its lobbying efforts, flooding $20 million into congressional races this year for the first time, according to records and interviews. Instead, he said the focus should be on recent news from lending platforms. As of Saturday afternoon the company’s data showed crypto’s global market value stood at about $816 billion. Investors are selling off riskier assets because central banks are raising interest rates to combat quickening inflation.

Major exchange Binance temporarily suspended bitcoin withdrawals and advised customers to use other networks. Coinbase said Monday that it was trimming 18 ...

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The largest cryptocurrency, which acts as a benchmark for the broader crypto market, plunged to under $18,000 on Saturday, a fall of around 14 per cent, before ...

The more than 100000 devotees to a little-known token called Hex swapping jokes and encouraging each other to stay bullish over the Telegram messaging app ...

Bitcoin fell below $20,000 for the first time since late 2020 in a fresh sign that the selloff in cryptocurrencies is deepening. The price of the most ...

In 2021, Bitcoin peaked at more than $68,000. As of Sunday morning the company's data showed crypto's global market value stood at about $840 billion. In 2021, Bitcoin peaked at more than $68,000 Besides, companies such as Global Inc, Gemini and BlockFi said they would lay off thousands of employees as investors ditch risky assets. Ethereum, another widely followed cryptocurrency that has been sliding in recent weeks, took a similar tumble Saturday. Ethereum-backed ether is down 74%. Ether breached $1,000 and dropped almost 19% to $891, the lowest since January 2021. Bitcoin fell below $20,000 for the first time since late 2020 in a fresh sign that the selloff in cryptocurrencies is deepening.

Peice of bitcoin has fallen below $20000 for the first time since late 2020, in a fresh sign that the selloff in cryptocurrencies is deepening.

"There is a lot of turbulence in the market," Fracassi said. Many nascent investors — especially young people — invested in crypto based on a false hope that was sold to them, he said. Cryptocurrency lending platform Celsius Network said this month that it was pausing all withdrawals and transfers, with no sign of when it would give its 1.7 million customers access to their funds. The crypto industry has also upped its lobbying efforts — flooding $20 million into congressional races this year for the first time, according to records and interviews. Instead, he said the focus should be on recent news from lending platforms. On Saturday, the company's data showed crypto's global market value stood at about $834 billion.

Total liquidations in the crypto market were $435.5 million in the past 24 hours, with Bitcoin and Ether at around $202 million and $144.5 million respectively, ...

Bitcoin fell below $17800, and ether fell under $920, as the sell-off in the crypto market accelerates.

And I think it's really unfortunate that people lost money, and I think it will, in some ways, set back the space, because you will lose some early adopters or some of the people who just came in new to the space," continued Cascarilla. "One doesn't want to, as a builder, as an investor for the long-term... Then on Wednesday afternoon, the Federal Reserve raised its benchmark interest rates three-quarters of a percentage point in its most aggressive hike since 1994. "It's just made me Twitter famous, so I appreciate that...We feel like we have a fortress balance sheet, we're comfortable, and the margin loan is well managed." In the chaos, Celsius, a major crypto staking and lending firm, shocked the market when it announced that all withdrawals, swaps and transfers between accounts have been paused due to "extreme market conditions." Coinbase announced it was laying off nearly a fifth of its workforce due to crypto volatility. But that being said, you could still see a lot of liquidations with that collateral being sold off on DeFi protocols," continued Todaro. It doesn't help that crypto firms are laying off large swaths of employees, and some of the most popular names in the industry are facing solvency meltdowns. Celsius was known for offering users a yield of up to 18.63% on their deposits. Celsius effectively locked up its $12 billion in crypto assets under management, raising concerns about the platform's solvency. The carnage in the crypto market is partly caused by pressure from macroeconomic forces, including spiraling inflation and a succession of Fed rate hikes. It seemed like the crypto winter was here.

iStock Analysts and investors are hopeful of a relief rally to keep the market healthy for the next couple of months. Bitcoin (BTC) has dropped over 33 per cent ...

The bear market bottom is likely not yet in and given previous cycles, an 80% drop from the all-time high is possible, leading to a price range below $14,000 for the top crypto token. When the NFT boom began in 2021, OpenSea saw a significant rise in business. NKDA thinks chances of tampering are lower when land documents are recorded over the blockchain. US-based exchanges have indicated a freeze in hiring for the rest of the year. This move comes after successfully utilizing blockchain technology to issue birth certificates from December 2018. It is now trading below $18,000, with the total crypto market cap hovering near $800 billion.

Crypto news headlines today are dominated by three stories: Celsius freezing assets, Coinbase laying off workers, and the worrying price of Bitcoin.

More than $37 million BUSD has been rewarded to investors since the EverGrow Coin launch in September last year. EverGrow Coin has grown 12% in price to $0.0000001764 over the past 24 hours. On June 13 – while other cryptocurrencies crashed – BUSD saw a spike of over 100$ in trading volume from $5.7 billion to $11.5 billion within a day. In mid-June, the crypto market is facing a new crash as prices continue to fall and companies are struggling to stay afloat. Bitcoin quickly recovered to over $21,000 after threatening to fall below $20,000 – but volatile market conditions could see further losses in the days to come. A freeze on hiring coupled with crashing crypto prices has seen Coinbase’s shares fall 79% this year and 85% from the all-time high.

Bitcoin snapped a 12-day slide, taking a breather to bounce along with the rest of the cryptocurrency market after a record-breaking string of declines.

It stood at $19,500 as of 9:15 a.m. in New York. Ether, which touched as low as $881 in the selloff, climbed 15% to $1,040, while alternative coins from Avalanche to Solana also enjoyed gains. The world’s largest cryptocurrency climbed as much as 12% early Sunday, recouping some of its losses from a steep drop Saturday that sent the token to as low as $17,599. Analysts cautioned the respite may be brief.

So what happens when a decentralized currency requires government-issued currency to determine its value and is bought and sold with said government-issued ...

Recessions are a difficult time for speculative assets and this latest crypto crash is coming during a challenging time for the crypto sector. There are other reasons for the crash too, such as the Feds raising interest rates to stave off the high inflation, but Stan Schroder does an excellent job explaining crypto’s crazy week. Well, you get Bitcoin (BTC) falling to its lowest level in 18 months.

With every passing day, the bitcoin bulls are finding it difficult to defend investment in the world's most popular crypto. Bitcoin has fallen by close to ...

However, in the years to come, it became a tool to drive down interest rates to get people to borrow and spend more money and, in the process, drive economic growth. Bitcoin emerged in early 2009 as a response to central banks having the right to create money out of thin air. As the money printing went up, so did the price of bitcoin. In the aftermath of Lehman Brothers, the fourth-largest investment bank on Wall Street at the time, going bust in mid-September 2008, central banks led by the US Federal Reserve had printed and pumped money into the global financial system. Bitcoin has fallen by close to 73% from the peak closing of $67,734 on 9 November and, at the time of writing this on Sunday morning, was quoting at around $18,300. At the same time, no set-off in losses was allowed and the legality of investing in cryptos wasn’t clear.

After BTC and ETH dropped below key support levels of $20000 and $1000 on Saturday morning, the selloff worsened. Where's the bottom?

Kraken growth marketing director and Bitcoin influencer Dan Held declared on Saturday, "We are on the path of maximum pain." Some may have hoped $18,979 and $987 would be the lows of this crash. One hour later, Ethereum followed it down and fell below $1,000.

The crypto market has crashed, with Bitcoin losing around 70 per cent of its value since November 2021.

However, the worldwide crypto market volume was $76 billion, up 55 per cent over the previous day, signaling a significant sell-off of crypto assets by traders. They must study the projects and invest accordingly in the ones where they see potential. This can be seen as an opportunity by those who were waiting for the right time to invest in their projects of interest. The price of Bitcoin (BTC) plunged below $18,000 for the first time since late 2020, giving a further indication that the cryptocurrency selloff is intensifying. “I think the entire crypto market was due for clean-up and course correction. The Johnny Depp-Amber Heard defamation case and its verdict have been publicly presented as a resounding victory for Depp and confirmation of his 'objective' truth.

Evidence of deepening stress within the crypto industry keeps piling up against a backdrop of monetary tightening. Read more at straitstimes.com.

The total market cap of cryptocurrencies was around US$881 billion on Sunday, down from US$3 trillion in November, according to pricing data from CoinGecko. "Investors are continuing to position defensively following last year's liquidity-driven digital asset bull market," Mr Alkesh Shah, head of crypto and digital assets strategy at Bank of America, said in a note on Friday. Throughout its roughly 12-year trading history, Bitcoin has never dropped below previous cycle peaks.

The world's largest cryptocurrency climbed as much as 12% early Sunday, recouping some of its losses from a steep drop Saturday that sent the token to as ...

Chg(%) Chg(%) Price() Chg(%) Price() Chg(%) Price() Price() Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance. The total market cap of cryptocurrencies was around $900 billion on Sunday down from $3 trillion in November, CoinGecko data shows. Still, the overall tone remains negative, with monetary tightening providing macro headwinds and crises within crypto raising concerns about widening distress. ALSO READ What exactly is cryptocurrency and how it works?

Bitcoin snapped a 12-day slide, taking a breather to bounce along with the rest of the cryptocurrency market after a record-breaking string of declines.

The total market cap of cryptocurrencies was around $900 billion on Sunday down from $3 trillion in November, CoinGecko data shows. Adding to the mood, crypto hedge fund Three Arrows Capital suffered large losses and said it was considering asset sales or a bailout, while another lender, Babel Finance, followed in Celsius’s footsteps on Friday. It stood at $19,500 as of 9:15 a.m. in New York. Ether, which touched as low as $881 in the selloff, climbed 15% to $1,040, while alternative coins from Avalanche to Solana also enjoyed gains. The token also broke through a technical support level of $18,300, said Katie Stockton managing partner and founder of Fairlead Strategies. Consecutive weekly losses below that level would increase the risk of falling toward the next support of $13,900, she added. The world’s largest cryptocurrency climbed as much as 12% early Sunday, recouping some of its losses from a steep drop Saturday that sent the token to as low as $17,599. Still, the overall tone remains negative, with monetary tightening providing macro headwinds and crises within crypto raising concerns about widening distress.

The price of bitcoin bounced 16.7% off of its Saturday lows. Ether followed with a 29% gain.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. The drop also put bitcoin below the $19,783 all-time high it notched in December 2017, a level many crypto traders believed bitcoin would not fall below. The price of bitcoin bounced 16.7% off of its Saturday lows. If they wait too long, they will have to chase higher.” “They have to determine if they will get to buy another 20% lower, or if this is their chance. The price of bitcoin bounced 16.7% off of its Saturday lows.

Crypto price trends today have a few surprises. There's a new cryptocurrency in the top 10 tokens by market cap, and new tokens in the top 20 too.

The crypto price of Litecoin is $42.93 and has dropped 4% over the past day. The crypto price of Polkadot (DOT) is currently $7.09 and down 3% in the past day. Meanwhile, the crypto token Stellar (XLM) has risen to 23rd place. This is the lowest Bitcoin price since December 2020 and a loss of 31% in price over the past week. While this is the lowest since at least 2018 – and a strong buy indicator for Bitcoin – there’s no sign of the Bitcoin price recovering yet. Losses have continued through to June 15 with the crypto market cap currently at $880 billion.

Bitcoin on Sunday rose around 7.6% to $20404 from its previous close, signaling a recovery from a sharp drop on Saturday.

He added that Bitcoin and other digital currencies remained extremely volatile. Register now for FREE unlimited access to Reuters.com Register now for FREE unlimited access to Reuters.com

A Sunday rally had bitcoin perched back over $20K and ether above $1.1K, but the recent Terra and Celsius debacles have increased investor anxiety about the ...

BITCOIN on Sunday rose around 7.6 per cent to US$20404 from its previous close, signaling a recovery from a sharp drop on Saturday.

Andrew Brenner, head of international fixed income at National Alliance Securities, on Sunday said the rise in Bitcoin was likely the result of retail investors ...

He added that Bitcoin and other digital currencies remained extremely volatile. Brenner said digital currencies were not a good investment at a time when the US Federal Reserve tightens the supply of dollars by ending expansive monetary policy. Andrew Brenner, head of international fixed income at National Alliance Securities, on Sunday said the rise in Bitcoin was likely the result of retail investors buying up the digital currency over the weekend, when few professional traders are working.

The cryptocurrency industry has seen turmoil amid wider turbulence in financial markets. This past week was Wall Streets worst since 2020, during the early ...

On Saturday, bitcoin had plunged as much as 9.7% to less than $18,600 by late afternoon on the East Coast, according to the cryptocurrency news site CoinDesk. At some points during Saturday, it was below $18,000. The cryptocurrency industry has seen turmoil amid wider turbulence in financial markets. On Saturday, bitcoin had plunged as much as 9.7% to less than $18,600 by late afternoon on the East Coast, according to the cryptocurrency news site CoinDesk. At some points during Saturday, it was below $18,000. The cryptocurrency industry has seen turmoil amid wider turbulence in financial markets. Investors are selling off riskier assets because central banks are raising interest rates to combat quickening inflation. Investors are selling off riskier assets because central banks are raising interest rates to combat quickening inflation.

The cryptocurrency industry was on edge on Monday morning as investors feared contagion from problems at major crypto players could unleash a major shakeout ...

Register now for FREE unlimited access to Reuters.com But if we move much lower from here, I think it could be a total shitstorm," said Adam Farthing, chief risk office for Japan at crypto liquidity provider B2C2. Register now for FREE unlimited access to Reuters.com Bitcoin which has lost 57% so far this year and 37% this month, fell below $20,000 over the weekend for the first time since December 2020. read more Register now for FREE unlimited access to Reuters.com

The largest cryptocurrency fell as much as 4.8 per cent to US$19,618 on Monday (June 20) in Asia and was trading at US$20,036 as at 12.30pm in Tokyo. Ether at ...

Some crypto executives argue that Bitcoin below US$20,000 could lead to more liquidations of leveraged positions. The T3 Bitcoin Volatility Index, a measure of the token's expected 30 day-volatility, has jumped towards the highs of 2022. "Expect more pockets of forced selling of Bitcoin and Ether as the market figures out who is swimming naked," Arthur Hayes, co-founder of crypto exchange BitMEX, said on Twitter.

Bitcoin recovered above US$20000 Monday morning in Asia after falling to as low as US$17708 on Sunday — its lowest point since December 2020.

Crypto lender says it has an 'open dialogue' with regulators after suspending withdrawals.

Largest cryptocurrency falls as much as 4.8 percent in Asia as a period of volatility continues.

Some crypto executives argue that Bitcoin below $20,000 could lead to more liquidations of leveraged positions. Solana, Cardano and Dogecoin were in the red. The largest cryptocurrency fell as much as 4.8% to $19,618 on Monday in Asia and was trading at $20,036 as of 12:30 p.m. in Tokyo. Ether at one point shed 7.8% but held above $1,000.