Bitcoin

Aerial view during landing of the seafront Manara district near downtown Beirut. Bilwander | Getty Images When Georgio Abou Gebrael first heard about bitcoin in 2016, it sounded like a scam. But by 2019, as Lebanon plunged into a financial crisis following decades of expensive wars and bad spending decisions, a decentralized and borderless digital currency operating outside the reach of bankers and politicians sounded a lot like salvation.  Gebrael was an architect living in his hometown of… Source link

Bitcoin, after seven weeks of repeated failed attempts, finally managed to move past the $21,000 price threshold. According to tracking from Coingecko, at the time of this writing, the maiden crypto is trading at $21,392 after going up by 5% over the last 24 hours. In doing so, Bitcoin also managed to increase its total market capitalization which now stands at $410.71 billion. This sudden surge also helped the overall valuation of the crypto market to increase… Source link

Why is Bitcoin price up today? price is up on Nov. 4, and a market-wide rally in crypto prices suggests that Bitcoin (BTC) , (BNB) and Ether (ETH) are starting the month of November in the black. Bitcoin and the market are fighting back after the Federal Reserve’s Nov. 2 announcement of a 0.75 basis point interest rate hike which at first had a positive impact on equities and cryptocurrency markets, then led to a market downturn. BTC price. Source: Cointelegraph Crypto market… Source link

Since March 2022, traders and so-called analysts have been forecasting a policy change or pivot from the United States Federal Reserve.  Apparently, such a move would prove that the Fed’s only available option is to print into oblivion, further diminishing the value of the dollar and enshrining Bitcoin (BTC) as the world’s future reserve asset and ultimate store of value. Apparently. Well, on Nov. 2, the Fed raised interest rates by the expected 0.75%, and equities and crypto rallied… Source link

Billionaires, take note. It’s one million times cheaper to send huge sums of money on the Bitcoin (BTC) blockchain. A Bitcoin user sent over 50,562 BTC ($1 billion) to an address on the blockchain, paying a fee of just 2,513 Satoshis (the smallest denomination of a Bitcoin), equivalent to half a dollar for the pleasure.  Transaction sankey diagram showing fees, value and time. Source: mempool The unknown wallet address paid a tiny fraction (less than 0.0001%) of the total value transacted…. Source link

The Bitcoin price is regaining bullish momentum over today’s trading session, retracing the losses seen early in the week. Once again, the cryptocurrency is under the influence of macroeconomic forces working in its favor for the first time in months. At the time of writing, the Bitcoin price trades at $21,000 with a 4% profit in the last 24 hours and seven days, respectively. Other cryptocurrencies in the crypto top 10 are displaying similar strength, with… Source link

Bitcoin (BTC) headed toward $21,000 on Nov. 4 as bulls attempted to reclaim lost ground. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it rose overnight to put in new daily highs of $20,683 on Bitstamp. $21,000 sell wall proves ugly While so far a lower high on hourly timeframes compared to the Nov. 1 and 2 spikes, the move served to make up for losses, which came on the back of the Federal Reserve interest… Source link

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

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

Bitcoin (BTC) saw instant volatility on Nov. 2 as the United States Federal Reserve enacted a fourth consecutive 0.75% interest rate hike. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Fed hints more hikes to come Data from Cointelegraph Markets Pro and TradingView showed BTC/USD initially dropping to $20,200 before momentarily rebounding to $20,800. The Fed confirmed the 0.75% hike, which marks its most intensive hiking schedule in forty years, in a statement shared on behalf of… Source link