Bitcoin

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. 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… Source link

European Central Bank officials alleged on Wednesday that bitcoin is “rarely used for legal transactions,” is fuelled by speculation and the recent erosion in its value indicates that it is on the “road to irrelevance,” in a series of stringent criticism (bereft of strong data points) of the cryptocurrency industry as they urged regulators to not lend legitimacy to digital tokens in the name of innovation. The value of bitcoin recently finding stability at… Source link

Bitcoin (BTC) briefly returned to $17,000 into Nov. 30 as monthly close volatility loomed. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader: $17,500 monthly close “most bullish outcome” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD following traders’ predictions to sweep higher levels before consolidating. Highs of $17,072 appeared on Bitstamp, with the pair nonetheless unable to flip the highs to support. At the time of writing, Bitcoin hovered… Source link

More than $1.3 trillion has been wiped off the cryptocurrency market so far in 2022 as the fallout from the FTX collapse continues to weigh on investor confidence. CFOTO | Future Publishing | Getty Images Bitcoin on Wednesday rose to a two-week high as investors continue to weigh up the fallout from the collapse of cryptocurrency exchange FTX. But one analyst warned that the bounce is likely just a bear market rally and would not be sustained. related investing news Why Cathie Wood thinks… Source link

Ether fared even better, recently climbing more than 7.5% to $1,272, its highest level since the second week of November. Other major cryptos assumed various hues of green, most of them dark with UNI, the token of the smart contracts-based Uniswap platform, and SUSHI, the token of the decentralized exchange SushiSwap, each recently rising over 7%. The popular meme coin DOGE continued its momentum, rising 6% to trade at about $.10.7 cents. DOGE has jumped roughly 50% over the past week. Source link

Ether fared even better, recently climbing more than 7.5% to $1,272, its highest level since the second week of November. Other major cryptos assumed various hues of green, most of them dark with UNI, the token of the smart contracts-based Uniswap platform, and SUSHI, the token of the decentralized exchange SushiSwap, each recently rising over 7%. The popular meme coin DOGE continued its momentum, rising 6% to trade at about 7 U.S. cents. DOGE has jumped roughly 50% over the past week. Source link

Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – The cryptocurrency market welcomed the sight of green across the board on Tuesday as concerns related to unrest in China faded from the minds of crypto traders who have begun to wade back into the market following the FTX-inspired downturn. Traditional markets weren’t so lucky as… Source link

How low can Bitcoin go? Market analysts, including the BitMEX co-founder Arthur Hayes and the co-founder of Mobius Capital Partners Mark Mobius, said the next target for Bitcoin is $10,000, which, if the prediction is realized, would inflict more pain on the already suffering industry. Shockwaves weeks after the collapse of the FTX crypto exchange are still being felt, with lending firm BlockFi the latest victim of the spreading contagion on Monday Other high-profile entities, such as Genesis… Source link

Yuri Molchan Here’s how high Bitcoin price may jump in future, per influencer David Gokhshtein, and it’s not $1 million per coin Founder of Gokhshtein Media, crypto entrepreneur and enthusiast David Gokhshtein has taken to Twitter to share his thoughts on the future of the Bitcoin price and to comment on the recent manifold articles in the crypto media he has been seeing. It seems that Gokhshtein does not believe that Bitcoin will reach the whopping $1,000,000 level in any future… Source link