Investors are becoming more bullish on cryptocurrency. In June 2021 a survey showed that 10% of U.S. adults were willing to invest in crypto assets, according to eMarketer. But that figure has more than doubled since then, reaching 24% in December 2021. Interestingly, the same report suggests that U.S. investors are less interested in traditional stocks, as the percentage of U.S. adults willing to invest in equity markets fell from 90% to 76% over the… Source link

The biggest bull case for Bitcoin ( BTC -3.92% ) right now centers on it becoming a digital version of gold. While cryptocurrency enthusiasts envision a world where digital assets have real utility in our daily lives, as things stand today, the most valuable cryptocurrency is just starting to scratch the surface as a legitimate store of value.  Institutions are beginning to allocate portions of their portfolios to Bitcoin, and corporations like Block and 

Source: Adobe/Luca Lorenzelli   A Japanese music site developer — who has been fighting the police in the country’s courts after he was fined for adding a widget that mines monero (XMR) to his website — has won his Supreme Court case against law enforcement agencies. The case dates back to late 2017, when the Yokohama-based Moroi Seiya (34) used a crypto miner Coinhive-developed app on his websites that made site visitors mine… Source link

What happened Capping a generally lousy week for cryptocurrencies, the U.S. dollar values of many altcoins took big hits on Friday. Few were spared, with both high-market cap tokens and the lower profile cryptos falling at double-digit rates. Among these were Fantom (CRYPTO:FTM), with a relatively steep drop of almost 19% on the day, and Litecoin (CRYPTO:LTC), Bitcoin Cash (CRYPTO:BCH), and Uniswap (CRYPTO:UNI), all sinking at around the 13% mark.

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What happened  A massive sell-off on Friday in the cryptocurrency market accelerated after the stock market closed on Wall Street. The selling seems to be feeding on itself, causing panic across the market.  Altcoins are down big today with some trading more than 30% lower, but the drops in giants like Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH) are staggering. As of 5:45 p.m. ET, Bitcoin is down 10.8% in the last 24 hours and 5.4% in just the… Source link

(Bloomberg Law) — MicroStrategy Inc. can’t strip out Bitcoin’s wild swings from the unofficial accounting measures it touts to investors, the SEC said. Most Read from Bloomberg Bad news for the MicroStrategy was compounded as the company’s shares fell as much as 20% Friday, the biggest intraday collapse since Feb. 23. Its stock closed at $375.89, down nearly 18%. Bitcoin also tumbled, and was down more than 7% around 4:15 p.m. in New York. The enterprise software maker, which said in… Source link

Bitcoin mining difficulty this week set a new all-time high of 26.64 trillion as the total hash rate of the Bitcoin network hit a record 199 TH/s. While such a turn of events is completely predictable given Bitcoin algorithms, they both happened while the price of Bitcoin is actually trending down. Is it the beginning of cryptapocalypse?  To avoid ‘oversupply’ or ‘undersupply’ of Bitcoin and consequent drop or increase of its value/purchase power, the difficulty of Bitcoin mining is… Source link

Image source: Getty Images Bitcoin’s price is down more than 40% from its November high. Is this a buying opportunity? Or could the price fall further? Key points Bitcoin’s price fell to the lowest point it’s been since July, 40%… Source link

Mayor Eric Adams’ grand experiment with converting his paycheck to cryptocurrency began Friday — just in time for the latest plunge in value for bitcoin and other leading tokens. The price of bitcoin hit a six-month low on Friday, sinking approximately 10 percent to $38,565 per token as of noon, according to cryptocurrency platform Coinbase. Ether sank nearly 14 percent to $2,794.53. That’s a significant drop from when Adams first announced he would convert… Source link