Bitcoin

Marco Bello/Getty Images News What Is The Current Situation With Bitcoin? Bitcoin (BTC-USD) has traded in a range for the past few months, but in the crypto world, you’re never far removed from some excitement. For one, Miami Beach hosted the Bitcoin 2022 conference in April. With over 25,000 people attending in person, the conference was more than twice the size of last year–featuring a 1.5-ton bull sculpture, a Steve Aoki concert, and people selling yacht timeshares. Data by YCharts

Fidelity plans to add bitcoin to its 401(k) options. Fidelity says it’s responding to high interest in digital assets. But critics say investing retirement funds in bitcoin is too risky. Bitcoin is down more than 16% this year, but that hasn’t dampened enthusiasm for the asset. That’s why Fidelity Investments is launching a bitcoin option for its 401(k) plans, but investors may still want to think long and hard about whether it’s for them.  The nation’s largest plan administrator said… Source link

Text size Macro headwinds could make it tougher for Bitcoin and other cryptos. Dreamstime A bear market has… Source link

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The start of May has seen a continuation of the weakness in crypto and equities markets and at the moment, there is no indication of any short-term factors that could reverse the bearish trend. Equities markets are also in a downtrend and according to researcher Clara Medalie, the price of stocks from companies with exposure to Bitcoin (BTC) have also taken a notable hit. Bitcoin vs. BTC exposed companies. Source: Twitter Medalie said: “Block, Tesla, Microstrategy and Coinbase are down between… Source link

Ethereum’s transaction fees went through the roof due to the high demand for the highly anticipated virtual land sale related to Yuga Labs‘ metaverse project. The situation turned so bad that Yuga Labs, the company behind the Bored Ape Yacht Club (BAYC), said, “ApeCoin will need to migrate to its own chain to properly scale.” While the non-fungible token (NFT) frenzy burned around 70,000 ETH (worth $2 billion), the market was not impressed. At press time, ether traded 0.8% lower on the day… Source link

Bitcoin (BTC) may continue its “bear market,” one trader says amid hope that a U.S. dollar reversal could soon improve BTC price action. In his latest YouTube update on May 2, Cointelegraph contributor Michaël van de Poppe argued that USD’s current surge would not last long. Dollar strength reversal “close” Bitcoin is still under pressure as stocks and crypto alike face the reality of a major policy flip from the U.S. Federal Reserve. Due to be announced this week, the Fed is tipped to… Source link

Text size Berkshire Hathaway’s Warren Buffett made it clear over the weekend that he has no interest in investing in the world’s largest cryptocurrency. Dreamstime … Source link

Screenshot: YouTube / CNBC Warren Buffett has always been a bitcoin skeptic. But the billionaire investor had his most harsh words yet for the cryptocurrency over the weekend. Buffett made it clear that his opposition to crypto has nothing to do with whether people can make money trading bitcoin. Buffett’s opposition is purely on principle because bitcoin has no intrinsic value. “Whether it goes up or down in the next year, or five or 10 years, I don’t know. But the one thing I’m… Source link

If you are a beginner looking for an introduction to the world of cryptocurrencies, the main features of bitcoin are the decentralised nature of the currency and its network of computers. The technology behind Bitcoin is based on a decentralized network of computers, or blockchain, which is a distributed ledger that allows users to conduct transactions without involving any central point. This means that any information entered into the network will be protected against third-party… Source link