Bitcoin

Bitcoin (BTC) hodlers may need to triple their on-chain losses for BTC price to put in a macro low. According to market research firm Baro Virtual, the 2022 bear market is not yet harsh enough to match historical downtrends. Bitcoin losses “only” total $671 million With analysts predicting a return to $14,000 or lower for BTC/USD, the question of where Bitcoin will bottom is one of the hottest topics in the space this month. For Baro Virtual, which analyzed data from on-chain analytics… Source link

The crypto market has been battered this year, with more than $2 trillion wiped off its value since its peak in Nov. 2021. Cryptocurrencies have been under pressure after the collapse of major exchange FTX. Jonathan Raa | Nurphoto | Getty Images Bitcoin jumped higher on Wednesday bouncing off the previous day’s two-year low, even as traders remain cautious over the possible contagion from the collapse of cryptocurrency exchange FTX. The world’s largest digital currency rose more than 5% to… Source link

These machines, known as mining rigs, work round the clock to find new units of cryptocurrency. Benjamin Hall | CNBC New York Gov. Kathy Hochul signed a law Tuesday banning certain bitcoin mining operations that run on carbon-based power sources. For the next two years, unless a proof-of-work mining company uses 100% renewable energy, it will not be allowed to expand or renew permits, and new entrants will not be allowed to come online. “It is the first of its kind in the country,” Hochul said… Source link

With help from Derek Robertson and Daniel Lippman A view of a gate to Harvard Yard on the campus of Harvard University. | Maddie Meyer/Getty Images CAMBRIDGE, MASS.— Bitcoin was invented to circumvent the world’s central banks, so the idea that those banks would start buying Bitcoin in bulk ranks somewhere from counterintuitive to far-fetched. But after Western governments froze Russia’s foreign exchange reserves early this year, speculation mounted that some… Source link

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Vertigo3d So far, 2022 is not proving to be a particularly good year for Bitcoin (BTC-USD). Although, to be fair, it’s not looking to be great for most any cryptocurrency or any investment in general. Unlike most investment opportunities though, Bitcoin is distinguished by the fact that, at the end of the day, I think it’s destined to see its price plunge. For years, cryptocurrency in general has been hyped up. In addition to the general enthusiasm that is common with new and rapidly… Source link

Bitcoin (BTC) headed higher into the Nov. 22 Wall Street open after setting another two-year low. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Thanksgiving buywall appears at $12,000 Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it recrossed the $16,000 mark, having set lows of $15,480 on Bitstamp. Momentum took the pair to $16,189 before consolidating, marking gains of 3.7% versus the day’s lows. Talk among analysts remained tied to the Digital Currency… Source link

Bitcoin (BTC -1.50%) is the giant in the world of cryptocurrency. It’s the first player and the biggest. You can use it to make payments at more than 15,000 businesses worldwide. In fact, two countries — El Salvador and Central African Republic — even recognize it as legal tender. Investors flocked to Bitcoin last year as the entire cryptocurrency market soared past $3 trillion in market value. This year’s economic woes, however, have pushed investors into the safest of assets. And this… Source link

The crypto market has been battered this year, with more than $2 trillion wiped off its value since its peak in Nov. 2021. Cryptocurrencies have been under pressure after the collapse of major exchange FTX. Jonathan Raa | Nurphoto | Getty Images Bitcoin on Tuesday hit a two-year low as the cryptocurrency market takes a bruising following the collapse of major exchange FTX. Bitcoin hit $15,480, its lowest level since Nov. 11, 2020, according to CoinDesk data. The digital coin has since bounced… Source link

Bitcoin price extended losses and retested the $15,800 support. BTC could continue to move down towards the $15,000 and $14,000 levels. Bitcoin started a fresh decline below the $16,000 and $15,800 levels. The price is trading below $16,400 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $16,150 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair remains at a risk of more losses towards the $15,000 level or… Source link