Bitcoin

El Salvador, the small Central American nation that made history just over a year ago when it made Bitcoin (BTC) legal tender, recently marked its first year of BTC adoption. The Salvadoran government touted BTC as a tool to attract foreign investment, create new jobs and cut reliance on the United States dollar in the country’s economy at the time of adoption. Many BTC proponents and the libertarian community rallied behind the small nation despite mounting pressure from global… Source link

Text size Bitcoin prices are close to their lowest levels all year. Dreamstime … Source link

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The metric reached a 2022 peak of 82% in March, when BTC was trading near $48,000. The lowest the metric has reached in recent history was 41% in March 2020, when BTC was trading at $5,000. Still, at the current 52% level, it’s beginning to approach the sub-50% range, where BTC would be considered oversold. Source link

This is an opinion editorial by Stephan Livera, host of the “Stephan Livera Podcast” and managing director of Swan Bitcoin International. Financial Times Columnist Jemima Kelly published an article titled “Don’t Believe The ‘Maximalists: Bitcoin Can’t Be Separated From Crypto” earlier today and I’d like to share some reactions from a Bitcoiner perspective. Quoted text below is all from Kelly’s article. “If you have ever dared to direct criticism at the world of crypto, the… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. 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. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

A Bitcoin (BTC) on-chain indicator, which tracks the amount of coin supply held by long-term holders (LTHs) in losses, is signaling that a market bottom could be close. Eerily accurate Bitcoin bottom pundit As of Sept. 22, approximately 30% of Bitcoin’s LTHs were facing losses due to BTC’s decline from $69,000 in November 2021 to around $19,000 now. That is about 3%–5% below the level that previously coincided with Bitcoin’s market bottoms. For instance, in March 2020, Bitcoin price declined… Source link

“Even if central banks tighten monetary policy further, the situation will not worsen more, for the current performance of crypto assets is terrible enough,” Griffin Ardern, volatility trader from crypto asset management-firm Blofin, told CoinDesk’s Omkar Godbole. Source link

Text size Crypto prices are steadying following the latest interest-rate hike from the Fed. Dreamstime … Source link

Bitcoin immediately felt the impact of Wednesday’s Federal Reserve interest rate increase and failed to gain upward traction. Other macroeconomic variables also contributed to the decline of the world’s leading cryptocurrencies, including Ethereum and other significant cryptocurrencies. Bitcoin lost its grip on the critical $19,000 handle following the U.S. central bank’s announcement. As of this writing, BTC is trading at $18,950, down 5.5% in the last… Source link