Bitcoin

Text size “Memecoins” like Dogecoin and Shiba Inu have plunged amid the recent crypto selloff. Igorigorevich/Dreamstime.com … Source link

As much as markets are going through it right now, cryptocurrencies are really going through it, and the myriad disasters haven’t abated just yet. Fortunes have been lost. Memes have been deflated. Normal people have had to learn what it could possibly mean that El Salvador is “buying the dip.” What does it mean? What’s going on with Bitcoin? Stablecoins, huh?? Let me catch you up. Bitcoin Blowout Let’s start with the biggest boy. On Monday, Bitcoin sharply plunged in… Source link

matejmo/iStock via Getty Images Bitcoin (BTC-USD) has been bleeding for months due to tight liquidity conditions and targeted selling of high beta technology stocks. Low interest rates since the global financial crisis in 2008 have led markets to reach extreme valuations. Now, the decade-long bubble has popped, and assets are moving back to reality. For most of Bitcoin’s existence, it has benefited from low interest rates. With rates now rising, Bitcoin’s price is suffering from the… Source link

Bitcoin (BTC) price initially bounced from its recent low at $29,000 but the overall market sentiment after a 25% price drop in five days is still largely negative. Currently, the crypto “Fear and Greed Index,” which uses volatility, volume, social metrics, Bitcoin dominance and Google trends data, has plunged to its lowest level since March 2020 and at the moment, there appears to be little protecting the market against further downside. Crypto “Fear and Greed index”. Source:… Source link

The cryptocurrency brokerage reported a first-quarter loss late Tuesday and revenue that fell 27% from a year ago, missing Wall Street’s forecasts. Coinbase shares plummeted more than 25% Wednesday and hit their lowest level ever. Coinbase stock is now down more than 75% this year and is trading nearly 85% below its all-time high price from November. Shares have lost more than half their value in just the past week alone. The plunge in Coinbase’s stock coincides with the massive drop in the… Source link

The president of El Salvador, Nayib Bukele, presented on Tuesday the first images of Bitcoin City, which will be constructed near the Conchagua volcano on the Gulf of Fonseca in the south-east of the Central American country. The project, which was announced in November 2021, seeks to create a smart city fully based on the use of bitcoin as a cryptocurrency. Bukele shared on Twitter illustrations and scale models of the metropolis, but he did not clarify when construction will begin. More… Source link

Text size Bitcoin prices have suffered a rout over the past week alongside other cryptocurrencies. Dreamstime … Source link

Marathon Digital Holdings CEO Fred Thiel reacts to Bitcoin plummeting on ‘The Claman Countdown.’ Bitcoin’s price stabilized at around the $31,000 level. The cryptocurrency traded down for six straight days heading into Wednesday. GET FOX BUSINESS ON THE GO BY CLICKING HERE Bitcoin is down more than 22% over that time. Bitcoin illustration (iStock) For the month, bitcoin is off more than 19% and down more than 33% year-to-date. Other cryptocurrencies are showing signs of stabilizing as… Source link

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The Bitcoin 2022 conference brought over 25,000 attendees to Miami last month to discuss the future of the world’s largest cryptocurrency. The event, which attendees have described as “extravagant” and compared to a bacchanal, featured a now-notorious keynote speech by Peter Thiel in which the venture capitalist rallied Bitcoin supporters against a list of people whom he described as Bitcoin’s enemies, including Warren Buffet and Jamie Dimon. While Thiel’s speech grabbed a… Source link