Bitcoin

There has been a lot of focus on the performance of the stock and cryptocurrency markets over the past year or two as the trillions of dollars that have been printed into existence since the start of the COVID pandemic have driven new all-time highs, but analysts are now increasingly sounding the alarm over warning signs coming from the debt market.  Despite holding interest rates at record low levels, the cracks in the system have become more prominent as yields for U.S. Treasury Bonds… Source link

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Bitcoin (BTC) checked its latest advance on Feb. 23’s Wall Street open as Russia repercussions continued to play out.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Stocks sour crypto recovery Data from Cointelegraph Markets Pro and TradingView showed BTC/USD falling back towards the $38,000 mark during Feb. 23, having earlier reached $39,200 highs. Pressure from the Russia-Ukraine conflict remained an ever-present threat to equities, with which both Bitcoin and altcoins are… Source link

A key investment case for bitcoin is deteriorating as geopolitical uncertainty and rising inflation hammer cryptocurrency prices. The price of bitcoin fell to a two-week low Tuesday after Russian President Vladimir Putin ordered troops into Donetsk and Luhansk, two breakaway regions in eastern Ukraine, shortly after declaring them as independent. Bitcoin is often referred to as “digital gold” by its backers. The term refers to the idea that bitcoin can provide a store of value similar… Source link

LDO, the governance token of liquid staking protocol Lido, dipped to $1.60, trimming Tuesday’s 37% spike from $1.36 to $1.87 despite continued inflows into the protocol. “Yesterday, someone staked 28,000 ETH ($75m) with Lido in a single transaction. That’s the 5th largest staking transaction into Lido so far. And today, another 22,500 ETH was staked (7th largest),” analytics firm Nansen’s CEO Alex Svanevik tweeted. Source link

Bitcoin on a mound of gold. bodnarchuk | iStock Editorial | Getty Images A key investment case for bitcoin is deteriorating as geopolitical uncertainty and rising inflation hammer cryptocurrency prices. The price of bitcoin fell to a two-week low Tuesday after Russian President Vladimir Putin ordered troops into Donetsk and Luhansk, two breakaway regions in eastern Ukraine, shortly after declaring them as independent. Bitcoin is often referred to as “digital gold” by its backers. The term refers… Source link

Bitcoin (BTC) began to see much-welcomed volatility to the upside on Feb. 23 as European markets opened with modest upside. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $39,600 set to spark “heavy resistance” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD rapidly gaining Wednesday, hitting $39,000 before consolidating. The pair had staged a steady comeback overnight, with progress totalling 6.8% versus Tuesday’s lows. “Seems I’m not getting that little pull… Source link

Canada’s Prime Minister Justin Trudeau recently enacted the Emergencies Act, aiming to freeze bank accounts of the trucker protesters and of those who donated to them. But Trudeau wants to go further in hindering the financial support of the protesters by freezing and stopping them from transacting with digital assets such as BTC.  The social media sphere around the trucker protest quickly reacted, stating that Trudeau does not understand Bitcoin and no government could ever stop the… Source link

Bitcoin’s sell-off appears to be taking a pause even though the United States rolled out new sanctions against Russia on Feb 22. Data from Cointelegraph Markets Pro and TradingView shows that the price of Bitcoin (BTC) continues to hover slightly below $38,000, which some analysts have identified as a significant support and resistance zone. BTC/USDT 1-day chart. Source: TradingView Here’s a closer look at what analysts are saying about Bitcoin price and what levels to keep an eye on in the… Source link

“One of the core pieces of software in [B]itcoin, a system of currency supposedly designed to minimize reliance on government[,] was created by America’s digital spymasters-in-chief, the NSA,” Tooze writes. For Tooze, two questions follow. Shouldn’t this fact “upend” crypto’s “narrative?” And, has anyone thought about this? On the latter point, there’s a general rule in crypto that states any problem you think you’ve found with Bitcoin was likely discussed a decade ago on… Source link