Bitcoin

The sell-off in the cryptocurrency world shows no sign of levelling off as Bitcoin fell below the $27000 threshold on Thursday.

Bitcoin fell to its lowest level since January on Monday as slumping equity markets continued to hurt cryptocurrencies, which are currently trading in line with so-called riskier assets like tech stocks. As of Thursday morning, UST was trading at about 62 cents, far below its $1 peg. Meanwhile, the price of Ether shed more than 23 per cent.

Tether (USDT) snapped to 97 cents in Asian hours, losing its parity with U.S. dollars at writing time. · Separately, bitcoin (BTC) lost the $27,000 support level ...

Follow all the latest news, analysis and expert price predictions for bitcoin, as well as other leading cryptocurrencies like Ethereum, Solana, and Cardano.

Others warn that holding the $30k level could be critical for bitcoin’s short- to medium-term prospects. The coming hours and days could prove critical as to whether this trend can continue. The crash is continuing. Start your Independent Premium subscription today. There’s a lot of trees, a lot of landmarks, and even a “beautiful lookout in the volcano”. That volcano is going to be used to not only power the city with geothermal energy, but also provide the energy to mine bitcoin. Bitcoin is teetering on the precipice of an abyss, according to some crypto market analysts, with its price hitting its lowest level since July 2021.

Bitcoin plunged to its lowest level since December 2020 as a cryptocurrency selloff gathered steam Thursday. The world's largest cryptocurrency by market ...

- Target:Up to 60% off - Target Promo Code You may cancel your subscription at anytime by calling Customer Service. On the other, the decoupling of TerraUSD, a stablecoin whose value was tied to $1, has sent ripples through digital assets.

Au Salvador, la spectaculaire chute du Bitcoin inquiète. La cryptomonnaie numéro 1 est récemment passée sous la barre des 30 000 dollars, bien loin de son ...

Plusieurs agences de crédit ont abaissé la note du Salvador, une donnée sur laquelle se base le marché pour évaluer la probabilité d'un défaut de paiement de la dette. Une épée de Damoclès qui ne semble pas inquiéter plus que ça le président du pays, qui a annoncé sur Twitter avoir réinvesti plus de 15 millions de dollars suite à la chute des cours. Si cette dégringolade effraye, c'est parce que le Bitcoin est une des monnaies officielles du pays : les analystes doutent des capacités du Salvador à rembourser sa dette.

Bitcoin slumped below $27000 Thursday for the first time in over 16 months, as cryptocurrency markets extended their losses amid fears over rising ...

Digital currency investors often turn to them for safety in times of volatility in the markets. Economists have long feared that tether may not have the required amount of reserves to bolster its dollar peg in the event of mass withdrawals. Adding to investors’ fears Thursday was a drop in the value of tether, the world’s biggest stablecoin. Ether, the second-biggest digital currency, tanked to as low as $1,789 per coin. That marks the first time bitcoin has sunk below the $27,000 level since Dec. 30, 2020. That’s a risky gamble, not least because bitcoin is itself an incredibly volatile asset.

Bitcoin plunged and the world's largest stablecoin, tether, briefly edged down from its $1 peg, adding to fears of more turbulence in the cryptocurrency market. Cryptocurrencies have been hit by two forces this week. On one side, concerns that ...

- Opinion: President Costanza Takes On Inflation You may cancel your subscription at anytime by calling Customer Service. On the other, the decoupling of TerraUSD, a stablecoin whose value was tied to $1, has sent ripples through digital assets.

The cryptocurrency market continued to hemorrhage money Thursday, with the most popular coins down double-digit percentages over the past 24 hours.

But if you’re looking to pick up some cheap crypto, it’s probably a good idea to at least wait to see what happens with Tether in the coming days and weeks. And that’s exactly the kind of volatility that you already have with cryptocurrencies and doesn’t help people looking for a safe haven asset that can more easily be used to convert to fiat. First and foremost, look for exchanges to suddenly stop letting people from withdrawing money in the name of “scheduled maintenance,” something Binance U.S. already announced overnight would be happening this morning from 6:00 a.m. ET until 9:30 a.m. ET. The culprit for the crypto bloodbath was a chain reaction that started over the weekend when Terra’s stablecoin, TerraUSD, which is theoretically supposed to stay at $1, became “depegged” and started trading below a dollar. Tether, the most popular stablecoin in the world, also depegged for the first time early Thursday, dipping to $0.95 on major exchanges before recovering slightly to $0.98 as of this writing. And absolutely no one knows when things will bottom out, with many people worried the entire market of fake digital money could go to zero as the stablecoin Tether officially traded below $1 for the first time ever early Thursday.

La monnaie phare de l'écosystème crypto a continué sa chute, à son plus bas niveau depuis deux ans.

Face à la débâcle des monnaies virtuelles, la secrétaire d'État américaine au Trésor, Janet Yellen, appelle à une réglementation accrue. La crainte d'une hausse rapide des taux d'intérêts, notamment de la part de la Réserve fédérale américaine (Fed), prive le bitcoin et consorts de l'un des principaux terreaux de ces derniers mois. La monnaie phare de l'écosystème crypto a continué sa chute, à son plus bas niveau depuis deux ans.

Bitcoin retreats to its realized price for the first time since March 2020 as BTC price bounces hard.

USDT/USD traded at 2% below dollar parity at the time of writing. “The USDT peg is restoring already, which is a good sign,” Cointelegraph contributor Michaël van de Poppe wrote in one of many tweets on the day: As the largest stablecoin, Tether ( USDT), saw its United States dollar peg slip, two camps emerged, one accusing Tether of malpractice and another confident that the peg would soon be restored — unlike that of imploded U.S. dollar stablecoin TerraUSD (UST).

Amid a collapse in many cryptocurrency prices this week, fans of the Washington Nationals might have spotted an odd tweet from the baseball team's account.

“Prices had to come back down to earth, and it happened,” said Abraham Chaibi, co-founder of crypto trading firm Dexterity Capital. “This is not an existential crisis for crypto by any means.” The crypto crash has not spurred a groundswell of new momentum for creating clearer federal rules for the assets. The announcement drew criticism from the Labor Department and a pair of Democratic senators — Elizabeth Warren (Mass.) and Tina Smith (Minn.) — who wrote the company asking it to address the “significant risks of fraud, theft and loss” associated with the assets. Warren said this week’s meltdown in crypto prices underlines the danger for retirees. “There was a big drop in 2014, and then in 2018, there was a ‘crypto winter,’ and many smaller episodes in between. The NBA, for example, has bet big on it, with the Warriors, Mavericks and Heat all making splashy deals with crypto companies — a potential optics issue as all three teams play postseason games this week. The plunge in crypto prices tracks a broader move by investors to dump risky assets, such as tech stocks, as the Federal Reserve hikes interest rates to battle inflation. “After several years of missing out on the profits, many in traditional finance have just recently committed to getting involved in digital asset markets. In total, an estimated 40 percent of bitcoin holders are underwater on the asset, according to a new analysis from crypto analytics firm Glassnode. The exchange reported that its active monthly users dropped to 9.2 million in the first quarter of this year, down from 11.4 million in the previous quarter. It does not use algorithms the way UST does; the latter is an unorthodox method that essentially relies on trades instead of assets to back it up, which may be responsible for its plummet. Coinbase, the largest U.S.-based crypto trading platform, posted a first-quarter loss of $430 million on Tuesday as its stock continued a slide that has it down 79 percent this year.

Despite a cryptocurrency market downturn marked by the collapse of Terra's $LUNA and its UST stablecoin, institutional investors are banking on the flagship ...

Bank of America's experts expect an ongoing correlation between Bitcoin and equities to persist in the foreseeable future. As per the on-chain analytics firm Glassnode, when BTC was trading at around $33,800, around 60 percent of BTC investors were earning profits and the rest 40 percent had unrealised losses. According to the reports, these falling prices have led to unrealised losses for at least 40 percent of bitcoin investors.

Mawson produced record 171 Self-Mined Bitcoin in April, +384% vs April 2021. Mawson Self-Mining and Hosting Co-location operating at approximately 2.4 ...

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A brutal selloff in cryptocurrencies has seen some $600 billion wiped off the market value of digital assets in a week.

HONG KONG — Cryptocurrencies extended their sell-off on Thursday, with Bitcoin falling to its lowest levels in 16 months as a stampede out of so-called…

That would be a possible clue to wider contagion. Unlike most stablecoins which are backed by reserves, TerraUSD is an algorithmic, or “decentralized,” stablecoin. Stablecoins are digital tokens pegged to the value of traditional assets, such as the U.S. dollar. “The collapse of the Peg in TerraUSD has had some nasty and predictable spillovers. Article content Article content