Bitcoin

Text size Democractic Sen. Elizabeth Warren is raising questions about Fidelity’s plan to allow Bitcoin in 401(k) accounts. Tom Williams-Pool/Getty Images … Source link

The bright orange Bitcoin (BTC) logo, for over a decade, has become synonymous with financial freedom amid modern-day recession and stringent governmental oversight. However, unlike the mysteries tied to Bitcoin’s origin, the development of the Bitcoin ‘₿’ logo is fairly documented in the depths of the internet.  When Bitcoin was introduced 13 years ago by creator Satoshi Nakamoto, the first iteration of the Bitcoin logo represented a gold coin with a “BC” text embedded in the… Source link

(Independent) The price of bitcoin has fallen through $20,000, marking an important milestone in the ongoing collapse of cryptocurrency. It means the value of bitcoin is lower than it has been since 2020, and represents the point at which many analysts had expressed concerns that sentiment could continue to spiral. The drop has been driven in part by the failure of two major cryptocurrency projects: Terra Luna and Celsius. Both were intended as important ways of promoting the stability of… Source link

Decentralized finance (defi) has been hit hard by the recent crypto market rout as the total value locked (TVL) across 118 different blockchains has slipped below the $100 billion mark to today’s $74.27 billion. The TVL in defi today is down more than 70% from its December 2, 2021, all-time high (ATH) at $253.91 billion. Moreover, since December 2021, the top smart contract platform tokens have lost 70% in value against the U.S. dollar as well, sliding from $823 billion to today’s… Source link

Bitcoin (BTC) survived another night without breaking $20,000 on June 17 as $14,000 cemented itself as a likely bottom level. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader plans to go “all in” on BTC at $14,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to $20,220 on Bitstamp overnight before rebounding up to $1,200 higher. The pair remained skittish but within a narrow range as market participants waited to see how long $20,000 would hold…. Source link

“Although a 50 basis point hike was anticipated for many weeks, last Friday’s inflation data forced the market to price in a more aggressive hike with huge sell pressure,” Marcus Sotiriou, an analyst at crypto broker GlobalBlock, said in an email. “Therefore, a 75 bp hike was priced in for the short-term leading to a rally.” Source link

A Bitcoin ATM is seen at a subway station in Brooklyn Heights in New York City on June 13. Bitcoin and other cryptocurrencies have plunged in value in recent days. Michael M. Santiago/Getty Images hide caption … Source link

El Salvador has invested heavily in bitcoin and related infrastructure in a bold plan to build its economy around the cryptocurrency, but now its value has plummeted … Source link

“Confidence in cryptos remains depressed and some traders are worried that Tether could suffer a similar fate as Terra’s UST stablecoin,” Edward Moya, a senior market analyst at Oanda, said. “Too many institutional crypto investors are down massively, and they are worried that if this part of the crypto ecosystem collapses, Tether will crash.” Source link

Bitcoin (BTC) has been unable to restore the $24,000 support since Celsius, a popular staking and lending platform, paused withdrawals from its platform on June 13. A growing number of users believe Celsius mismanaged its funds following the collapse of the Anchor Protocol on the Terra (LUNA; now LUNC) ecosystem and rumors of its insolvency continue to circulate. An even larger issue emerged on June 14 after crypto venture capital firm Three Arrows Capital (3AC) reportedly lost $31.4 million… Source link