Bitcoin

2024 - 6 - 24

Bitcoin Rollercoaster: From Highs to Lows in a Week

Bitcoin Price Bitcoin - Cryptocurrency - Legislation - Louisiana - Mt. Gox - Bitcoin Price

Discover the latest Bitcoin drama - price drops, legal battles, and market trends in a nutshell!

Bitcoin has been on a rollercoaster ride recently, facing one of the worst weeks in 2024. With losses piling up and cooling demand for Bitcoin exchange-traded funds, the crypto market has seen significant fluctuations. Louisiana made headlines by passing a bill to defend Bitcoin rights and ban CBDCs, marking a pivotal moment in the cryptocurrency landscape. Despite Dow and S&P 500 futures rising, Bitcoin fell early in the week, signaling a potential downward trend.

As Bitcoin fell below $61,000, the market shed tens of billions in value, leading to concerns among investors. Crypto bears are closely watching a critical level for a possible steeper fall, adding to the tension in the market. Amidst all this, reports emerged of Apple facing charges by the EU and engaging in talks related to digital markets, hinting at a broader tech landscape impacting cryptocurrencies.

On the brighter side, analysts are optimistic about Bitcoin's future, predicting a potential price surge to $1 million by 2030. However, they caution investors about the risks and volatility associated with crypto investing. Despite recent setbacks, Bitcoin maintains a market cap of around $1.2 trillion, showing its resilience in the face of market fluctuations. The extended post-ETF selloff has driven Bitcoin to a six-week low, challenging its previously strong returns.

In summary, the world of Bitcoin remains turbulent, with legal battles, market uncertainties, and price fluctuations keeping investors on their toes. As the cryptocurrency landscape continues to evolve, staying informed and cautious is crucial for anyone delving into the exciting yet unpredictable realm of digital assets.

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Image courtesy of "The Business Times"

Bitcoin extends drop after one of crypto's worst weeks of 2024 (The Business Times)

Losses are piling up in the crypto market after its second-worst weekly drop of 2024, a reflection of cooling demand for Bitcoin exchange-traded funds and ...

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Image courtesy of "Forbes"

Louisiana Passes Bill To Defend Bitcoin Rights And Ban CBDCs (Forbes)

Bitcoin rights have become law in a second state as Louisiana passes a landmark pro-bitcoin bill to protect access to bitcoin and curb Central Bank Digital ...

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Image courtesy of "The Wall Street Journal"

Stock Market Today: Dow, S&P 500 Futures Rise; Bitcoin Falls (The Wall Street Journal)

Bitcoin fell early Monday, putting the digital token on course for its lowest end-of-day level in more than a month. Other cryptocurrencies also retreated.

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Image courtesy of "Quartz"

Bitcoin falls below $61000 after one of its worst weeks this year (Quartz)

The cryptocurrency market shed tens of billions in value last week.

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Image courtesy of "Barron's"

Bitcoin Drops. Crypto Bears Must Watch This Level for a Steeper Fall. (Barron's)

Apple is charged by the European Union for failing to comply with the Digital Markets Act, while separately, a report says the iPhone maker is talking with ...

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Image courtesy of "Motley Fool"

3 Reasons to Buy Bitcoin Like There's No Tomorrow (Motley Fool)

While some analysts now predict that Bitcoin could hit $1 million by 2030, investors should keep in mind that crypto investing is both risky and volatile.

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Image courtesy of "CNBC"

Bitcoin tumbles back to $60000 to start the week (CNBC)

Digital asset investment products notched a second consecutive week of outflows, according to CoinShares. Last week crypto investment products saw their lowest ...

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Image courtesy of "Livemint"

Bitcoin drops 4% to $61000, witnesses second-worst weekly decline ... (Livemint)

The cryptocurrency maintains a market cap of around $1.2 trillion. Despite the prevailing downturn, Bitcoin's open interest has experienced a slight uptick ...

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Image courtesy of "Forbes"

Bitcoin Price Falls 4%: Hits 6-Week Low Amid Extended Post-ETF ... (Forbes)

Bitcoin plunged Monday to its lowest price since May 13, extending the midyear selloff cutting into the leading cryptocurrency's strong returns following ...

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Image courtesy of "Coingape"

Breaking: Louisiana Passes Law to Protect Bitcoin Access and Ban ... (Coingape)

Louisiana passes House Bill 488 to protect bitcoin access and restrict CBDCs, setting a precedent for digital asset legislation in the U.S..

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Image courtesy of "Blockworks"

Bitcoin may be in a 'sell in May and go away' phase: Analyst (Blockworks)

Mark Wong is currently seeing some profit-taking from early bitcoin adopters, but he also sees buying interest from institutions.

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Image courtesy of "Altcoin Buzz"

Louisiana Passes Bitcoin Custody Protection, CBDC Ban - Altcoin ... (Altcoin Buzz)

This legislative development underscores Louisiana's commitment to embracing the decentralized nature of cryptocurrencies. It also expresses caution towards ...

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Image courtesy of "Coindesk"

Bitcoin Threatens $60K on Mt. Gox News, but Sales Could Be Less ... (Coindesk)

Bitcoin Threatens $60K on Mt. Gox News, but Sales Could Be Less Than Feared. At least one analyst believes fewer coins will be distributed than is commonly ...

Bitcoin price today: slid to $61k amid dollar pressure, inflation jitters (Yahoo Finance)

Investing.com-- Bitcoin price slid lower on Monday, extending a deep decline from the past week as concerns over U.S. interest rates and anticipation of key ...

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Image courtesy of "Yahoo Finance"

Mt. Gox Is Finally Repaying Customers, So Why Are Bitcoin ... (Yahoo Finance)

Failed Cryptocurrency Exchange Mt. Gox Is Trying To Repay Its Customers After More Than a Decade.

Why Bitcoin is falling as Mt. Gox says repayments for stolen assets to ... (Morningstar.com)

Bitcoin fell on Monday after bankrupt crypto exchange Mt. Gox said it would soon start repaying crypto to creditors who lost assets in a hack of the defunct ...

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Image courtesy of "DL News"

Mt. Gox's $9b Bitcoin payback to start in July โ€” here's how the dump ... (DL News)

'Please wait for a while until the repayments are made,' the Rehabilitation Trustee said in an announcement of Mt Gox. Bitcoin payback plan.

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Image courtesy of "Forbes"

Bitcoin Briefly Falls Below $60000 For First Time Since Early May ... (Forbes)

Bitcoin plunged Monday to its lowest price since May 3, extending the midyear selloff cutting into the leading cryptocurrency's strong returns following ...

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Image courtesy of "Investopedia"

Mt. Gox Is Finally Repaying Customers, So Why Are Bitcoin ... (Investopedia)

A failed cryptocurrency exchange is finally trying to repay its customers after more than a decade, but that's making bitcoin investors nervous. Here's why.

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Image courtesy of "Yahoo Finance"

Bitcoin Posts Biggest Drop in Two Months as Liquidations Pick Up (Yahoo Finance)

(Bloomberg) -- Losses are piling up in the crypto market after its second-worst weekly decline of 2024, a reflection of cooling demand for Bitcoin ...

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Image courtesy of "Forbes"

MtGox $9 Billion Payout Is Creditors' Gain But Bitcoin's Pain (Forbes)

Exchange that failed in 2014 is finally returning funds to customers. Some investors fear a flood of bitcoin and bitcoin cash will destabilize the market, ...

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Image courtesy of "Forbes"

Bitcoin Technical Analysis: What's Next If The Cryptocurrency ... (Forbes)

Bitcoin fell below $60,000 today, dropping to its lowest point since early May, but it quickly bounced back. What's next for the digital currency as it ...

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Image courtesy of "Business Today"

Crypto market watch: Bitcoin (BTC) price briefly dips below $60000 (Business Today)

Bitcoin experienced a brief drop below $60000 following a 4.61% decline. The price has since recovered to around $60400.

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Image courtesy of "Coindesk"

Bitcoin Holds $61K After a Brief Nosedive (Coindesk)

Bitcoin has seen significant selling pressure from continued ETF outflow, Mt. Gox's upcoming bankruptcy redemptions, and miner sales.

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Image courtesy of "Yahoo Finance"

Cryptocurrency Market News: Bitcoin Briefly Slips Below $60K, SEC ... (Yahoo Finance)

The Securities and Exchange Commission (SEC) closed its investigation into Ethereum without filing charges against blockchain technology firm Consensys. Crypto ...

Bitcoin price today: down to $61k amid regulatory jitters, inflation angst (Yahoo Finance)

Investing.com-- Bitcoin price fell on Tuesday, extending recent declines as a mix of regulatory fears, particularly over U.S. action and German government ...

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