Text size The prices of Bitcoin and other cryptocurrencies have collapsed this year. Dusan Zidar/Dreamstime … Source link

Bitcoin (BTC) bear markets come in many shapes and sizes, but this one has given many reason to panic. BTC has been described as facing “a bear of historic proportions” in 2022, but just one year ago, a similar feeling of doom swept crypto markets as Bitcoin saw a 50% drawdown in weeks. Beyond price, however, 2022 on-chain data looks wildly different. Cointelegraph takes a look at three key metrics demonstrating how this Bitcoin bear market is not like the last. Hash rate Everyone remembers the… Source link

Bitcoin has crashed in value by more than 50 per cent in the past six months, but holders of the cryptocurrency are used to volatility. Here we look at how the FT covered bitcoin’s previous booms and busts to see if history is repeating itself. The Japanese boom and bust (April 2017 to March 2018) Before 2017, bitcoin traded at under $1,000. But on New Year’s Day 2017 the cryptocurrency broke past the $1,000 level and before the end of the year it had soared to within touching… Source link

The Federal Bureau of Investigation (FBI) has arrested two men who participated “in a violent plan to break into a family’s home in the middle of the night” to steal bitcoin worth tens of millions of dollars,” according to the U.S. Department of Justice. They could go to prison for 20 years. 2 Men Charged for Planning to Steal Bitcoin The U.S. Department of Justice (DOJ) announced Friday the unsealing of an indictment charging Dominic Pineda and Shon Morgan with a “plan to… Source link

The hackers responsible for stealing $100 million in altcoins from Harmony Protocol‘s Horizon bridge have begun to launder the funds, according to PeckShield. The hackers sent three transactions from the address used in the June 23rd hack totaling around 30K ETH (around $36 million) to the mixing service Tornado Cash, with $64 million still in the hacker’s Ethereum wallet, according to blockchain analysis by the blockchain security company. 1/ The Harmony team has identified a theft… Source link

Ethereum, the world’s second largest blockchain, should switch over to a completely new version this year, one that will change basically everything about how it operates. The Ethereum Foundation calls the new version “The Merge,” but many others refer to it as “Ethereum 2.0.” Why it matters: For blockchain critics, it will massively reduce the energy consumption of Ethereum (maybe by 99%). For ether holders, it will reduce the emissions of that coin, which should improve price… Source link

A mild sense of hope emerged among Bitcoin (BTC) investors after the June 18 drop to $17,600 becomes more distant and an early ascending pattern points toward $21,000 in the short-term. Bitcoin 12-hour USD price at FTX. Source: TradingView Recent negative remarks from lawmakers continued to curb investor optimism. In an interview with Cointelegraph, Swiss National Bank (SNB) deputy head Thomas Muser said that the decentralized finance (DeFi) ecosystem would cease to exist if current financial… Source link

Litecoin (LTC) gets a neutral rating from InvestorsObserver Monday. The coin is down 3.92% to $55.74 while the broader crypto market is down 1.77%. Litecoin has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on Litecoin! Neutral Over the last five days, Litecoin has earned a Neutral rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of… Source link

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Key Takeaways Bitcoin is stuck between $21,500 and $21,000. Meanwhile, Ethereum is trading between $1,250 and $1,190.  Closing outside these trading ranges will determine the trend’s direction.  Share this article The cryptocurrency market had a quiet weekend as the top two assets by market cap, Bitcoin and Ethereum, continued consolidating. Still, a significant price movement appears to brew. Bitcoin and Ethereum Primed for Volatility Bitcoin and Ethereum remained stagnant over… Source link