Bitcoin

Bitcoin prices plunged today, falling to their lowest in more than three weeks as many digital currencies and major U.S. stock indices suffered losses.

[approved](https://www.wsj.com/articles/fed-raises-interest-rates-by-0-75-percentage-point-11658944935?mod=article_inline) a 75 basis-point increase in July, after U.S. [BitBull Capital](https://www.bitbullcapital.com/), offered a similar take on the matter. [told](https://www.wsj.com/articles/feds-bullard-leans-toward-favoring-0-75-percentage-point-september-rate-rise-11660842768) the WSJ. [commented on the matter](https://www.bloomberg.com/news/videos/2022-08-12/federal-reserve-s-daly-sees-50-basis-point-hike-in-september-open-to-75-bps) during a recent interview with Bloomberg TV, stating that she was open to backing a 75 basis-point increase at the next policy meeting. headline inflation figures [reached](https://www.politico.com/news/2022/07/13/us-inflation-new-40-year-high-june-00045541) their highest in 40 years the month before. [stated](https://www.wsj.com/articles/feds-bullard-leans-toward-favoring-0-75-percentage-point-september-rate-rise-11660842768) during a recent Wall Street Journal interview that he is thinking about supporting another significant increase in benchmark rates at the next policy meeting in September.

Cryptocurrencies suffered a sharp selloff as global markets retreated after US Federal Reserve officials reiterated their resolve to keep raising interest ...

The school was built in collaboration with Paxful and Zamzam, a humanitarian organization dedicated to eradicating poverty by providing clean, ...

During the project, members of the community were taught about Bitcoin in their native language. The school is a hybrid of a nursery and a primary school, with six classrooms, a teachers' lounge, and a technology center. While the world-wide web is littered with negative headlines about Bitcoin, such as Silk Road, bitcoin scams, leveraged Bitcoin trader liquidations, exchanges going bankrupt, multi-million dollar exchange hacks, and bear market FUD, the reality is quite different. All other associated costs, such as staff salaries and travel expenses, are covered by a separate grant fund. We firmly believe that it can improve lives and make the world a better place.” It has electricity and a sustainable well that supplies clean water to the students and the community.

Bitcoin hit a three-week low as cryptocurrencies rapidly plunged in early Friday trading.

[surpassed the $25,000 level](https://www.cnbc.com/2022/08/15/bitcoin-tops-25000-for-the-first-time-since-june-before-slipping.html) for the first time since June following a rise in U.S. "This fresh chill has descended amid fears that the market is heading for a crypto winter," she added. [Ether](https://www.cnbc.com/quotes/ETH.CM=) fell from $1,808 to $1,728 at the same time before staging a muted rebound. The trend has also perhaps been exacerbated by liquidation of long positions on bitcoin perpetual futures markets." "It's not showing the pattern of a flash crash, as the assets didn't immediately rebound sharply but sank even lower in the hours that followed," said Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown. [massive upgrade to the ethereum network](https://www.cnbc.com/2022/08/19/ether-eth-price-outpaces-bitcoin-btc-as-ethereum-merge-nears.html). Bitcoin plunged from $22,738 to below $21,12.34 at 4:00 p.m. [Binance Coin](https://www.cnbc.com/quotes/BNB.CM=), [Cardano](https://www.cnbc.com/quotes/ADA.CM=) and [Solana](https://www.cnbc.com/quotes/SOL.CM=) falling, was not immediately clear. Bitcoin and ether ended Thursday in the red, but ether has surged more than 100% since mid-June as investors prepare for a ET, according to CoinDesk data. "It seems likely that is was as a result of a large sale transaction, in the absence of other more external factors." [Bitcoin](https://www.cnbc.com/quotes/BTC.CM=) on Friday fell to its lowest level in more than three weeks, dipping below $22,000 amid a sudden crypto sell-off in early European trading.

Bitcoin prices fell on Friday morning. AFP via Getty Images. Key Facts. The price of bitcoin, the most valuable cryptocurrency by market capitalization that ...

They’re Trying to Get It Back.](https://www.nytimes.com/2022/08/18/technology/crypto-crash-investments.html) (NYT) Record inflation and fears of recession have helped push the market into a [Crypto Winter Watch: All The Big Layoffs, Record Withdrawals And Bankruptcies Sparked By The $2 Trillion Crash](https://www.forbes.com/sites/jonathanponciano/2022/08/18/crypto-winter-watch-all-the-big-layoffs-record-withdrawals-and-bankruptcies-sparked-by-the-2-trillion-crash/?sh=4ffb48543309) (Forbes) [Dow Falls Nearly 200 Points After Fed Minutes Signal More Rate Hikes Ahead](https://www.forbes.com/sites/sergeiklebnikov/2022/08/17/dow-falls-200-points-stocks-lose-steam-after-target-profits-plunge/?sh=22368606ff2a) (Forbes) [Ethereum's 'Merge' Is a Big Deal for Crypto—and the Planet](https://www.wired.co.uk/article/ethereum-merge-big-deal-crypto-environment) (Wired) [They Lost Crypto in the Crash. [crypto winter.](https://www.forbes.com/sites/jonathanponciano/2022/08/18/crypto-winter-watch-all-the-big-layoffs-record-withdrawals-and-bankruptcies-sparked-by-the-2-trillion-crash/?sh=4ffb48543309) Bitcoin is almost 70% off its record of nearly $69,000 in November 2021, Terra’s Luna—a stablecoin that was designed to be less volatile than other cryptocurrencies—went into [freefall and collapsed](https://www.forbes.com/sites/stevenehrlich/2022/05/11/luna-nosedives-under-2-loses-98-of-its-value-as-terraust-struggles-to-regain-its-dollar-peg/?sh=414507344c1f), major crypto lender [Celsius went under](https://www.forbes.com/sites/haileylennon/2022/08/01/bankrupt-crypto-lender-celsius-could-leave-customers-last-in-line-to-get-paid/?sh=1bdd08105fde) and aligned firms in the industry have laid off workers by the thousands. [BNB](https://www.forbes.com/digital-assets/assets/binance-coin-bnb/?sh=7d0fb54a4ae7) (7%), Ripple’s [XRP](https://www.forbes.com/digital-assets/assets/ripple-xrp/?sh=30a13da7535a) (9%), Cardano’s [ada](https://www.forbes.com/digital-assets/assets/cardano-ada/?sh=4b32d4d9736e) (13%) and Solana’s [sol](https://www.forbes.com/digital-assets/assets/solana-sol/?sh=40c178953ead) (12%). [dogecoin](https://www.forbes.com/digital-assets/assets/dogecoin-doge/?sh=62a7be8c3ab3) and [shiba inu](https://www.forbes.com/digital-assets/assets/shiba-inu-shib/?sh=7617c3f7195c) were down 14% and 13% over the same time period, respectively. [Ether](https://www.forbes.com/digital-assets/assets/ether-eth/?sh=51d079eb7b0e), the second most valuable cryptocurrency, also fell sharply and was down more than 6% in the last 24 hours to $1,730. The value of the market, which fell more than 6% in the last 24 hours, is a long way off the all time high of more than $3 trillion in late 2021. [bitcoin](https://www.forbes.com/digital-assets/assets/bitcoin-btc/?sh=750077564357), the most valuable cryptocurrency by market capitalization that makes up more than 38% the [total market](https://www.coingecko.com/en/global-charts), fell to around $21,804 on Friday morning, a three-week low and down more than 7% from the day before. [CoinGecko](https://www.coingecko.com/). A significant portion of this value dropped off in a matter of minutes amid a sharp selloff, the cause of which is not apparent. The value of top cryptocurrencies including bitcoin and ether plummeted early Friday morning, derailing a weeks-long rally and shedding tens of billions in value in a matter of minutes as the market still reels in the wake of the devastating crash this summer.

Hopes that a rally in the price of major crypto currencies could be maintained have been dashed, as today's crypto carnage rounds off an already damaging ...

- Members-only access to analysis via our exclusive industry polls Hopes that a rally in the price of major crypto currencies could be maintained have been dashed, as today's crypto carnage rounds off an already damaging week, says Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown. - Members-only access to the Editor’s weekly news roundup newsletter

Cryptocurrencies fell sharply on Friday, with sudden selling dragging bitcoin to a three-week low, with analysts divided over the reason behind the decline.

Such sharp moves are common in the highly volatile cryptocurrency market. The S&P 500 was down around 1% by early Friday afternoon. It recovered slightly to trade around $21,528 at 1651 GMT, down 8.05% on the day. Register now for FREE unlimited access to Reuters.com

The leading cryptocurrency by market cap tumbles in sync with traditional markets after Germany reports record producer price inflation at 37%.

CoinDesk is an independent operating subsidiary of [Digital Currency Group](https://dcg.co/), which invests in [cryptocurrencies](https://dcg.co/#digital-assets-portfolio) and blockchain [startups](https://dcg.co/portfolio/). [strict set of editorial policies](/ethics/). The spike, at 37% over the past 12 months, was primarily driven by skyrocketing energy prices, [according to Reuters](https://www.reuters.com/world/europe/german-economic-outlook-gloomy-finance-ministry-says-2022-08-18/). Long liquidations are the unwinding of bullish futures-market positions by exchanges on account of margin shortages. 10-year Treasury yield rose to 2.95% Friday, the highest since July 21, extending the rally from the post-CPI low of 2.63%. Stocks also rallied, with the Nasdaq touching a three and a half-month high of 13,370 on Wednesday. The minutes of the Fed's July meeting Bond yields, however, have remained resilient since the Aug. The biggest single-day percentage decline in two months marked a continuation of the five-day downtrend that began near $25,000. "We are seeing a lot of macro weakness with bad [inflation] numbers from Germany. Shares of crypto-related stocks such as miners and crypto exchange Coinbase The biggest cryptocurrency by market cap fell over 7% to as low as $21,500, the lowest price since July 27, CoinDesk data shows.

The largest cryptocurrencies took a leg down Friday, ending a recent period of stasis. Bitcoin, the world's largest cryptocurrency by market value, ...

Investors have been increasingly nervous following recent bankruptcies of crypto firms and the collapse of a so-called stablecoin. The largest cryptocurrencies took a leg down Friday, ending a recent period of stasis.\n\nBitcoin, the world's largest cryptocurrency by market value, fell about 8% against the dollar from its 5 p.m. Ether declined roughly the same amount.\n\nIt wasn't immediately clear what knocked the value of bitcoin, ether and other digital assets lower, analysts said.

Bitcoin has crashed over 7% this morning, following a large bout of selling pressure. Over US$1000 has so far been wiped off and is now...

Over US$1,000 has so far been wiped off and is now trending below US$22,000. Fan-engagement token Chiliz rounded the week with a US$1.2bn market valuation after encountering a 30% rally in the past seven days. Total volumes across the decentralised finance (DeFi) space fell around 7% this week, with Ethereum’s largest decentralised exchange Uniswap being among the worst hit.

SINGAPORE/WASHINGTON :Cryptocurrencies fell sharply on Friday, with sudden selling dragging bitcoin to a three-week low, with analysts divided over the ...

Such sharp moves are common in the highly volatile cryptocurrency market. The S&P 500 was down around 1 per cent by early Friday afternoon. It recovered slightly to trade around $21,528 at 1651 GMT, down 8.05 per cent on the day.

Dr. Ian Lustbader, Clinical Professor of Medicine at NYU Langone discusses the usefulness of vaccines. Greg Greifeld, Deputy Chief Investment Officer at ...

According to markets experts, the traders were digesting the US FOMC minutes which hinted that bankers are unlikely to slow down the path for rate hikes.

[Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). For fastest news alerts on financial markets, investment strategies and stocks alerts, [subscribe to our Telegram feeds](https://t.me/joinchat/J60pKE7SOStsj5sI8nDmHQ).) On the technical front, RSI stands at a neutral 51, and it still needs to go above its 100-day moving average. The policymakers discussed the necessity of increasing interest rates more in order to tame inflation. [Pak an Alleged Air Bridge for Arms Supply to Kyiv](/epaper/delhicapital/2022/aug/20/satet-front/pak-an-alleged-air-bridge-for-arms-supply-to-kyiv/articleshow/93668564.cms) On the upside, $23,600, $24,000 and $24,608 are key levels of resistance.

Bitcoin sank to below $22,000 on 19 August, following global stocks lower amid uncertainty over how aggressive the Federal Reserve would be in its effort to ...

Bitcoin, the world’s largest cryptocurrency, has declined 8.7% to $21,443 over the past 24 hours, according to CoinDesk. The selloff came after bitcoin briefly crossed $25,000 over the weekend for the first time since mid-June. Bitcoin sank to below $22,000 on 19 August, following global stocks lower amid uncertainty over how aggressive the Federal Reserve would be in its effort to cool inflation with interest rate hikes.