On Sunday, bitcoin shed nearly $8,000 and is currently trading at $55,042 down from a day high of $62,000. Photo: Getty Bitcoin (BTC-USD) is experiencing a massive sell-off, shedding almost 15% in the last 24 hours — the biggest intraday drop since February.  The drop appears to coincide with reports that the US Treasury is planning to tackle financial institutions for money laundering carried out through digital assets. Data website CoinMarketCap cited a blackout in China’s Xinjiang… Source link

Bloomberg ECB Debates How to Get Back to the Future After Virus: Eco Week (Bloomberg) — Europe’s late but accelerating vaccination push is allowing monetary officials to begin pondering an economic future free of the curse of the coronavirus.While European Central Bank policy makers will reiterate existing emergency stimulus settings with a horizon of March 2022 when they meet by video this week, the step-up in immunizations across the region has emboldened some of them to start a public… Source link

Ethereum Tumbles 21% In Selloff Investing.com – was trading at $1,952.64 by 23:36 (03:36 GMT) on the Investing.com Index on Sunday, down 21.46% on the day. It was the largest one-day percentage loss since March 12, 2020. The move downwards pushed Ethereum’s market cap down to $247.15B, or 12.16% of the total cryptocurrency market cap. At its highest, Ethereum’s market cap was $290.29B. Ethereum had traded in a range of $1,948.93 to $2,338.53 in the previous twenty-four hours. Over the… Source link

Litecoin Tumbles 20% In Rout Investing.com – was trading at $257.645 by 23:22 (03:22 GMT) on the Investing.com Index on Sunday, down 20.30% on the day. It was the largest one-day percentage loss since March 12, 2020. The move downwards pushed Litecoin’s market cap down to $18.171B, or 0.86% of the total cryptocurrency market cap. At its highest, Litecoin’s market cap was $20.828B. Litecoin had traded in a range of $257.645 to $304.464 in the previous twenty-four hours. Over the past… Source link

Bitcoin and cryptocurrencies have been thrust into the limelight by the Nasdaq NDAQ debut of crypto exchange Coinbase. The bitcoin price climbed to almost $65,000 per bitcoin this week, up around 800% on this time last year, before falling back—with investors trying to call where the bitcoin market top could be. Now, a World Economic Forum (WEF) executive has warned the booming bitcoin and cryptocurrency sector could soon be hit by a “dramatic” round of regulation. MORE FROM… Source link

CRYPTOCURRENCIES like Bitcoin and Dogecoin are seeing record-breaking prices this week, but what’s the difference between them all? Some of these currencies are gaining legitimacy thanks to support from well-known, mainstream companies such as PayPal, Mastercard, Facebook and Tesla. 6 We explain the difference between some of the most famous cryptocurrencies availableCredit: Reuters Prices are also rising ahead of the float of Coinbase – a company that lets you buy and sell other… Source link

Bitcoin’s price rally in the days leading up to Coinbase’s hotly anticipated debut on the Nasdaq this week was largely driven by retail traders eager to get in on the action while whales were happy to take their money and swim away, blockchain data shows. The number of unique addresses holding at least 0.01 coins rose from 8.96 million to over 9 million in the five days to April 14, alongside bitcoin‘s ascent from $59,000 to a record high of $64,801.79, according to data provided by the… Source link

The total value of the dogecoins in circulation is nearly $50 billion — not bad for a digital currency that started as a joke. It is the No. 5 most-valuable cryptocurrency on the market, according to CoinMarketCap, having increased more than 6,000% this year. The price of a dogecoin doubled again Friday after Tesla (TSLA) CEO Elon Musk tweeted about it for the umpteenth time (more on that in a bit). Demand for Dogecoin spiked so much this week, it briefly broke Robinhood’s cryptocurrency… Source link

In today’s on-chain analysis, we are trying to answer the question of whether there are reasons to fear the ending of the ongoing Bitcoin bull run. We are looking at the activity of long-term hodlers who stopped selling their coins again in the last week. Futures contracts recently recorded an all-time high, but their relation to the spot positions points to a healthy reset. By contrast, the long-term HODL Waves and Dormancy Flow indicators – which have historically provided accurate peak… Source link

The Ljósafoss hydroelectric power plant in Iceland. The Nordic region is losing its edge in green Bitcoin mining, just as the industry faces growing scrutiny for its carbon emissions and everyone from Elon Musk to mom-and-pop investors pile in. Iceland, Sweden and Norway have been popular mining locations because of an abundance of geothermal, hydro and wind power. China, where most coins are mined, relies mainly on coal. That Nordic… Source link