Bitcoin

Crypto investors have cashed out over $135 billion dollars from the asset class so far in 2022, according to Coinmarketcap market cap data, and bitcoin (BTC-USD) is down around 7% year-to-date and hovering around $43,000 as of Thursday at 10 AM ET. “There are no signs of a decisive reversal in sight,” Mikkel Morch, executive director at digital assets hedge fund Ark36, told Yahoo Finance when asked about the largest cryptocurrency’s recent price action relative to its drawdown over the past… Source link

Text size Seemanta Dutta/Dreamstime.com Coinbase turned higher Thursday but other… Source link

“First Mover” hosts spoke to Harvard Business School Professor of Business Administration Marco Di Maggio about the risk and opportunity for algorithmic stablecoin. Seth Ginns, CoinFund managing partner and head of Liquid Investments, analyzed crypto markets. Plus, taking a page from ConstitutionDao, will BlockbusterDAO succeed in its mission? Tasafila, founder of BlockbusterDAO, shared insights into the movement. Source link

What happened  Shares of crypto miners took a nosedive during trading on Wednesday as the price of Bitcoin (CRYPTO:BTC) plummeted. At 4:15 p.m. ET, Bitcoin was down 4.95% in the last 24 hours, but it’s down 6.2% since early this morning.  The impact on miners was swift. Riot Blockchain (NASDAQ:RIOT) fell as much as 13.1% today, Marathon Digital (NASDAQ:MARA) dropped 14.4%, and Hut 8 Mining (NASDAQ:HUT) fell 12.8%. The stocks closed the day down… Source link

Text size Proponents of Bitcoin argue that its limited supply should make it an inflation-proof asset akin to gold. Dreamstime … Source link

The world’s largest cryptocurrency has been languishing around $47,000, well below early November’s highs of nearly $69,000. The malaise surrounding Bitcoin runs far deeper than its price. The world’s largest cryptocurrency has been languishing around $47,000, well below early November’s highs of nearly $69,000. A look under the hood helps explain why: Trading volumes have dried up, futures open interest is plunging and the number of active addresses has stalled out. Taken together,… Source link

Popular travel website Airbnb could soon accept cryptocurrencies for payments, CEO Brian Chesky has hinted. “Like the revolution in travel, there is clearly a revolution happening in crypto,” he added. Airbnb’s CEO Says ‘There Is Clearly a Revolution Happening in Crypto’ The CEO of Airbnb, Brian Chesky, asked on Twitter earlier this week, “If Airbnb could launch anything in 2022, what would it be?” On Tuesday, he revealed that he received 4,000 suggestions, noting that… Source link

The world’s most valuable cryptocurrency has fallen to about $46,000 after surging to a record high near $69,000 in November. Yet Goldman Sachs (GS) said in a report this week that bitcoin (XBT) could more than double, to a little over $100,000 per coin, within the next five years. “We think that bitcoin’s market share will most likely rise over time as a byproduct of broader adoption of digital assets,” Zach Pandl, the co-head of global foreign exchange, rates and emerging market strategy… Source link

Bitcoin (BTC) recovered from new lows of $45,550 on Jan. 5 as analysts waited patiently for a “squeeze” to trigger fresh volatility. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst weighs prospect of “fakedown” toward $40,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD returning to the previous day’s levels near $47,000 on Binance at the time of writing. The repeated dips had failed to unsettle market participants, who now turned to the… Source link

Bitcoin (BTC) markets have been consolidating since the beginning of the year, but on-chain metrics are painting a more positive picture as more of the asset is becoming illiquid. On-chain analytics provider Glassnode has been delving into Bitcoin supply metrics to get a better view of the longer-term macro trends in its weekly report on Monday. The findings revealed that although the asset has been trading sideways so far this year, more BTC has become illiquid. There has been an… Source link