Bitcoin

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 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

The price of bitcoin has fallen below $20,000 (£16,400) amid deepening turmoil in the cryptocurrency market. The cornerstone digital asset slipped to levels ...

The investor panic also started to affect financial businesses focused on the crypto markets. The $20,000 level is viewed as important by some crypto followers for a number of reasons. The entire crypto market, worth more than $3tn in November last year, is now valued at $884bn, according to data firm CoinGecko.

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.

The price of bitcoin breached $19000 and ethereum fell below $1000 Saturday morning, extending the brutal crypto bear market to new lows.

The bear market between 2013 and 2015 also saw bitcoin fall about 82%, from $1,127 to $200. Investing in cryptocurrencies is "not something that I would recommend to most people who are saving for their retirement," Yellen said this week at a New York Times event. But while he believes ether could hit a low of $750, he's very doubtful that bitcoin will sink to $10,000. But by November of 2021, the coin was valued at $68,000. The change led to a retreat from all assets. . The second-largest digital token plummeted 10% on Saturday to $975, its lowest level since January 2021.

Ces chutes signalent de fortes perturbations dans le secteur des cryptomonnaies et sur le marché financier. Les investisseurs se débarrassent de leurs actifs ...

La raison de la chute des prix est l'inquiétude provoquée par le surendettement du secteur. Elle a provoqué force appels à la régularisation de ce secteur en roue libre. Ces chutes signalent de fortes perturbations dans le secteur des cryptomonnaies et sur le marché financier.

Le bitcoin a continué sa chute samedi, plombé par le manque d'appétit pour le risque des investisseurs.

Depuis son sommet historique du 10 novembre 2021, à 68 991 dollars, la devise numérique a perdu plus de 72% de sa valeur. Celsius a annoncé une pause des retraits et transferts dimanche soir. C'est son plus bas niveau depuis le 13 décembre 2020.

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.

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 ...

La valeur du bitcoin a chuté samedi sous la barre des 20 000$ US pour la première fois depuis la fin de 2020, un signe de plus de la crise touchant le ...

L'entreprise n'a pas précisé quand ses 1,7 million de clients pourront accéder à nouveau à leurs fonds. Elle a provoqué force appels à la régularisation de ce secteur en roue libre. Les investisseurs se débarrassent de leurs actifs les plus à risque, car les banques centrales haussent leur taux directeur afin de lutter contre l'inflation en escalade.

Bitcoin fell below the psychologically important threshold of US$20000 on Saturday for the first time since late 2020, in a fresh sign that the selloff in ...

Amid soaring inflation and the Bank of Canada increasing interest rates more aggressively relative to past tightening cycles, concerns about a possible recession are growing. "There is a lot of turbulence in the market," Fracassi said. However, one economist says officials could have rolled out new policies that would have a greater and more immediate an impact on families. 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. As of Saturday afternoon the company's data showed crypto's global market value stood at about $816 billion.

The price of bitcoin fell below $20000 on Saturday for the first time since late 2020, in a fresh sign that the selloff in cryptocurrencies is deepening.

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.

Le minage de Bitcoin a été inauguré le 9 janvier 2009 avec le minage du bloc 1 par Satoshi Nakamoto. Au début, cette activité était extrêmement centralisée et ...

Par la suite, il a continué à agrandir cette ferme et à optimiser son implémentation, à tel point que son taux de hachage représentait une bonne portion de la puissance de calcul totale du réseau. Avec le temps, il a cessé de développer son activité minière pour se focaliser sur le développement logiciel. Le 23 septembre, il avait déclaré détenir une puissance de calcul de près de 2 GH/s et avait affirmé tenter de représenter 15 à 20 % de la puissance totale. À l’instar de Laszlo, il a modifié le logiciel pour miner avec une carte graphique, ce qui lui a demandé des dizaines d’heures de travail. Il a découvert Bitcoin en juillet 2010, probablement suite à la présentation de Bitcoin du 11 juillet sur Slashdot, un site d’actualité spécialisé très populaire. Il a ainsi été l’un des gros mineurs de Bitcoin de la fin de l’année 2009 et du début de l’année 2010. Ce faisant, il a récupéré des dizaines de milliers de bitcoins. À partir d’octobre 2009, il a mis en place, sur sa page personnelle, le premier service d’échange permettant aux gens de convertir leurs dollars en bitcoins, et inversement. Le minage de Bitcoin a été inauguré le 9 janvier 2009 avec le minage du bloc 1 par Satoshi Nakamoto. Au début, cette activité était extrêmement centralisée et se limitait à un petit nombre de mineurs. Il a fait partie des premiers nœuds du réseau lors du lancement et a eu le privilège d’échanger avec Satoshi par courriel. Le lien d’un bloc au reste de la chaîne est réalisé par une preuve de travail qui implique un coût énergétique, ce qui garantit que le réseau arrive à un consensus et ce qui empêche la censure des transactions. À l’instar de Hal Finney, Dustin a reçu 25 bitcoins de la part de Satoshi, transaction qui a été confirmée le 15 janvier.

(Kitco News) The crypto space faced another sharp selloff during the weekend as Bitcoin plunged below $18,000 and Ethereum dropped below $900.

"Although painful, removing the sector's froth is likely healthy as investors shift focus to projects with clear road maps to cash flow and profitability vs. "Bitcoin is sharply lower today after having accelerated to the downside following the breakdown from its consolidation phase. The overall crypto market cap plummeted to $847 billion, down nearly 10% on the day.

The crypto-markets continue to slide lower than usual as Bitcoin [BTC] tumbled to a new low on 19 June. Moreover, the king coin breached a prior cycle's ...

As shown below, 0.6% has moved off exchanges in the last five days alone. One of the major reasons for the uptick is the multi-fold increase in the volume of the network. As per Santiment, Bitcoin’s supply on exchanges has dropped massively in recent days. There is evidence to support this hypothesis. After rejecting the $20k support, investors believe $17,500 can be the new bottom. Currently up by a whopping 83%, volume estimates are signalling a potential rally in the coming days.

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.

SAN SALVADOR, El Salvador (AP) — El Salvador's Bitcoin-boosting president has asked people to be patient after the price of the cryptocurrency fell below…

El Salvador’s Legislative Assembly made the country the first to do so in June 2021. He has also spoken of the parallel tourism promotion targeting Bitcoin enthusiasts. “That must be made clear, because we have not sold.” But the coin has slid further since then. If you invested in #BTC your investment is safe and its value will immensely grow after the bear market.” Article content

As tensions rise amid falling BTC prices, President Nayib Bukele decided to share advice for fellow Bitcoin investors that may be concerned about the ...

While critics expect BTC and other cryptocurrencies to continue on the downward trend, on-chain analytics signal the oncoming of Bitcoin’s reversal back to its former glory. El Salvador introduced Bitcoin ( BTC) as legal tender on September 7, 2021, when its market price was around $50,000. “If you invested in #BTC your investment is safe and its value will immensely grow after the bear market.

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

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. 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. 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. Still, the overall tone remains negative, with monetary tightening providing macro headwinds and crises within crypto raising concerns about widening distress. Analysts cautioned the respite may be brief.

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?

El Salvador's Bitcoin-boosting president is asking people to be patient after the price of the cryptocurrency fell below $20000 _ less than half the price ...

He has also spoken of the parallel tourism promotion targeting Bitcoin enthusiasts. El Salvador’s Legislative Assembly made the country the first to do so in June 2021. But the coin has slid further since then. “That must be made clear, because we have not sold.” The IMF cited concerns about the volatility of Bitcoin prices, and the possibility of criminals using the cryptocurrency. If you invested in #BTC your investment is safe and its value will immensely grow after the bear market.”

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.

El Salvador's President Nayib Bukele has chimed in on the ongoing Bitcoin bear market and concerns that the country's BTC holdings are in the red due to ...

According to Bitcoin Treasuries, El Salvador’s BTC purchases have undergone a 62.2% decline in value due to the o ngoing market volatility. There is a lot of fuss lately about our bitcoin strategy. According to President Bukele, Bitcoin investors should stop looking at the charts and enjoy life.

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.

The price of a bitcoin has inched above $20000 after the broader crypto selloff dragged it below the psychological threshold a day earlier.

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. Investors are selling off riskier assets because central banks are raising interest rates to combat quickening inflation.

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 ...

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

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 ...

It has lost almost 60% of its value this year and 37% this month alone in the cryptocurrency sector's latest meltdown. Crypto lender Celsius Network this month said it would suspend customer withdrawals. Celius also said that stabilizing its liquidiy and operations "will take time."

(Bloomberg) -- Bitcoin struggled to hold above the closely-watched $20,000 level, extending a period of marked volatility that saw huge weekend swings.

Solana, Cardano and Dogecoin were in the red. Bitcoin sank almost 15% on Saturday but then vaulted back above $20,000 with a 16% surge on Sunday. The pattern of swings suggest investor sentiment remains highly fragile as the Federal Reserve goes full-throttle to fight inflation with interest-rate hikes that drain liquidity from markets. (Bloomberg) -- Bitcoin struggled to hold above the closely-watched $20,000 level, extending a period of marked volatility that saw huge weekend swings.