Bitcoin

Text size Traders jumped on a statement, no longer online, from Treasury Secretary Janet Yellen. Al Drago/Pool/AFP/Getty Images … Source link

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 compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of… Source link

Got some Satoshi to send or Bitcoin (BTC) wallets to reorganize? It’s increasingly cheap to do so. According to an Arcane Research report, Bitcoin “transaction fees have stayed low since July 2021, showing no signs of rising.”  Bitcoin mean tx fees remaining very low despite small hike last week. Source: Arcane Research There was, however, a small bump in transaction fees last week. Shown as a small jump at the tail end of the graph, clustering of the mempool pushed “up the average… Source link

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 compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of… Source link

Most short-term bitcoin holders are at a loss, having a cost basis of around $46,400, according to data compiled by Glassnode. Long-term holders, however, have an estimated break-even point of about $39,200, which, if broken, could yield further downside toward $24,000. Source link

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 compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of… Source link

“Those that had bet against the metal’s rise in value have now been forced to buy at a much higher price, creating a short squeeze,” explained Susannah Streeter, an investment analyst at Hargreaves Lansdown, in an email to CoinDesk. “It’s likely a big margin call prompted the suspension of trading, with sharp gains forcing speculators to scramble for additional capital to put into accounts to cover the shortfall.” Source link

Even with the recent lull to start 2022, a time when the cryptocurrency market has shed approximately 20% of its value (as of March 5), the entire asset class has been an outstanding investment in recent years. While the S&P 500 produced a total return close to 100% over the past five years, cryptocurrencies have gone from a total market value of $24.5 billion in March 2017 to $1.8 trillion today.  The top cryptocurrency, Bitcoin ( BTC 2.14% ), has unsurprisingly garnered a… Source link

Volatility and choppy price action continued to dominate the cryptocurrency market on March 7 and news that United States President Joe Biden plans to sign an executive order later this week that will outline the government’s strategy for cryptocurrencies was added to the list of factors weighing down crypto prices.  Data from Cointelegraph Markets Pro and TradingView shows that Bitcoin (BTC) bulls were thwarted in an attempt to regain support at $40,000 on Monday as revelations about the… Source link

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 compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of… Source link