Showing news for Bitcoin
Bitcoin Back Down Below $20,000 as Hawkish Fed Weighs on Crypto
2 years ago
(Bloomberg) -- Bitcoin is seeing sustained trading below $20,000 for the first time since mid-July, as risk appetite wavers after Federal Reserve Chair Jerome Powell stressed that interest rates may have to stay elevated to stamp out inflation.
The Highs and Lows of Being a Bitcoin Maximalist
2 years ago
Michael Saylor bet big on Bitcoin as MicroStrategy’s CEO, but when the downturn came, so did the consequences.
Bitcoin Miner Stronghold Gives Back Rigs to Reduce Debt
2 years ago
Bitcoin miner Stronghold Digital Mining Inc. said it reached agreements with lender New York Digital Investment Group and WhiteHawk Capital to eliminate over half its debt and add liquidity. The company will also restructure a convertible note.
Bitcoin Slumps Again as Investors Await Inflation Report
2 years ago
Bitcoin slumps, erasing all of the prior session’s gains and ending a four-day winning streak as crypto investors brace for Wednesday’s inflation data.
Zipmex to Ease Bitcoin, Ether Withdrawals This Week
2 years ago
Asia crypto exchange Zipmex Pte will allow users to partially withdraw Bitcoin and Ether from their trading accounts starting later this week, providing some relief to those caught by the recent meltdown in the digital asset market.
Bitcoin and Ether Are on Track for Their Best Month Since 2021
2 years ago
Bitcoin and Ether, the world’s two largest digital tokens, are headed toward their best months since 2021 amid a revival of risk appetite in global markets and optimism about an Ethereum network upgrade.
Bitcoin Miners Cut Power the Most Since China Ban Amid Heat Wave
2 years ago
Bitcoin miners saw the biggest drop in computing power since China banned crypto mining last May due to a record heatwave in Texas.
Tesla Converts Most Bitcoin, Adds $936 Million to Balance Sheet
2 years ago
(Bloomberg) -- Tesla Inc. sold a significant chunk of its stake in Bitcoin, an investment that helped legitimize the world’s largest electronic currency.
Bitcoin Settles in Calm Before Possible US Inflation Storm
2 years ago
Bitcoin settled into a holding pattern on Wednesday ahead of US inflation figures that could inject fresh volatility.
Bitcoin Traces an Ominous Chart Pattern Evoking Plunge in June
2 years ago
The latest Bitcoin chart pattern suggests cryptocurrency speculators should brace for more losses.
Bitcoin Miner Loses Bid to Renew Power-Plant Permit in N.Y.
2 years ago
New York State rejected the renewal permit for a power plant used by Greenidge Generation Holdings Inc. for Bitcoin mining, a decision that comes after about six months of delays.
MicroStrategy Buys $10 Million Bitcoin in Middle of Crypto’s Big Chill
2 years ago
Michael Saylor’s Bitcoin-backed tech firm MicroStrategy Inc. bought another 480 coins worth about $10 million at the height of the crypto market collapse.
Grayscale Bitcoin Trust Lines Up Jane Street, Virtu in ETF Bid
2 years ago
Grayscale Investment LLC has recruited a couple of heavyweight partners to help with a bid to convert its Bitcoin trust into an exchange-traded fund.
Mystery Surrounds $500 Million Outflow From Bitcoin ETF
2 years ago
North America’s first Bitcoin exchange-traded fund is at the center of a crypto-market guessing game after it saw record one-day outflows of $500 million last week.
Bitcoin Miner Bitfarms Sells Coins After Ending ‘Hodling’
2 years ago
(Bloomberg) -- Crypto mining company Bitfarms Ltd. has made an about-face on its holding strategy and sold 3,000 Bitcoin for $62 million over the past week to boost its liquidity amid the record-breaking bear market. It’s one of the first self-proclaimed Bitcoin hoarding miners to turn away from accumulating mined coins.
Bitcoin Miners Are Flocking To Texas Despite Its Fragile Power Grid
2 years ago
The Lonestar state is flush with Bitcoin prospectors. Can the Texas power grid handle it?
There’s Something Different About This Bitcoin Drawdown
2 years ago
Another year, another Bitcoin collapse. At least, that’s what it looks like from the outside. But look closer, and this time really does look different.
Crypto Market Sinks Below $1 Trillion After Latest DeFi Blowup
2 years ago
Bitcoin plunged to the lowest in about 18 months after the freezing of withdrawals by the Celsius lending platform added to concern that systemic risk in the crypto ecosystem will accelerate the digital-asset market meltdown.
Bitcoin Dips With US Futures as China Data Hamper Risk Sentiment
3 years ago
Bitcoin dipped alongside US equity futures Monday after poor Chinese economic activity data took a chunk out of risk sentiment.
Britain’s Crypto List: Here are the People to Watch
3 years ago
Meet six of the industry’s key players.
Bitcoin Chart Points to Next Key Level: 2017’s Bull Market Peak
3 years ago
Bitcoin could be in for more pain if it takes another leg down, based on a so-called point and figure analysis. Another 10% drawdown (as marked by red o’s) would drag it below the recent support zone (highlighted by the parallel white lines). If that happens, the next level of support is were the 2017 bull market topped out (dotted purple line) -- or around $19,400
Bitcoin Washout Is Leaving Mom-and-Pop Buyers Holding the Bag
3 years ago
There’s a crypto refrain when prices crash precipitously like this: The selloff is washing out the short term-focused non-believers, known as weak hands, strengthening the industry in its wake.
MicroStrategy’s Bitcoin Bet on the Verge of Turning Negative
3 years ago
MicroStrategy Inc. Chief Executive Michael Saylor’s norm-breaking decision to add Bitcoin to the balance sheet of the software maker is on the verge of turning sour.
El Salvador Buys Bitcoin Dip, Adding 500 Coins to Holdings
3 years ago
(Bloomberg) -- El Salvador’s government bought 500 Bitcoins on Monday, in its largest purchase to date of the cryptocurrency. A wider markets rout has driven Bitcoin’s price below $31,000 for the first time since July 2021.
Bitcoin Recovers After Briefly Crashing Below $30,000
3 years ago
Bitcoin rebounded from a swoon below $30,000 as a selloff in stocks eased and a bout of calm washed across global markets.
MicroStrategy’s Stock Plunge Deepens as Bitcoin, Miners Slump
3 years ago
Shares of MicroStrategy Inc. fell by the most since 2017 as the company, often used as a proxy for Bitcoin, followed the world’s largest cryptocurrency lower amid a broader selloff in risk assets.
Bitcoin Snaps 5-Day Slide After Briefly Crashing Below $30,000
3 years ago
Bitcoin rebounded from a swoon below $30,000 as a selloff in stocks eased and a bout of calm washed across global markets.
Bitcoin Breaches Key Level; Do Kwon-Backed Stablecoin Slips
3 years ago
A swift selloff over the weekend in two tokens associated with Do Kwon highlighted weakness in the broader crypto market, as Bitcoin slid through a key support level Sunday to almost a four-month low.
‘B-A-D’: Traders Find Nowhere to Hide as Assets Sink on Fed Bets
3 years ago
Friday is proving a washout for investors as increasingly bigger bets on Federal Reserve tightening prompted traders to offload risk and haven alike before the weekend.
Bitcoin, Tesla Gains Lagged in Wild Era for GameStop, Ether
3 years ago
Charts demonstrate the volatile ride taken by cryptocurrencies, meme stocks, and NFTs.
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