Bitcoin (BTC-USD) plunged by over 10% to below $40,000 on Friday, with the rest of the cryptocurrency market following suit as risk aversion created a downdraft for markets, ahead of the Federal Reserve’s widely telegraphed plans to raise interest rates. With Russia’s move to ban crypto assets lighting the fuse of the latest plunge, Bitcoin’s price moves have become closely linked to technology shares, which have slumped on rate hike fears. On Friday, the Nasdaq tumbled deeper into… Source link
Read More »Klay Thompson, Trevor Lawrence among growing list of athletes accepting Bitcoin
Last Sunday, Golden State Warriors superstar and “Splash Brother” Klay Thompson returned to the basketball court for the first time since injuring his ACL in the 2019 NBA Finals. He dropped 17 points in an emotional season debut; however, his biggest score might have taken place the day after the game. “I’m BACK and changing it up: excited to take part of my paycheck in bitcoin thanks to Cash App!” he tweeted. “I’m with bitcoin because I believe it’s the future of money.” Thompson and… Source link
Read More »Northwest Arkansas is offering $10K in Bitcoin and bike to relocate there
How about this as an incentive to relocate: $10K in crypto and a bike. Northwest Arkansas hopes to lure remote tech workers and entrepreneurs to the region by offering them $10,000 worth of Bitcoin (BTC-USD) and a bicycle. “Northwest Arkansas is one of the fastest-growing regions in the country, and we’re now seeing more explosive growth in our tech sector,” said Nelson Peacock, president and CEO of the Northwest Arkansas Council. “This expanded incentive offer — Bitcoin and a… Source link
Read More »Bitcoin gains, but crypto braced for more selling with ‘no time for optimism’
The new year has not been kind to cryptocurrencies, which rose on Wednesday despite about a week of selling that briefly drove Bitcoin below $40,000. A jittery market has begun 2022 on a sour note, with a suddenly hawkish Federal Reserve and the Omicron wave of COVID-19 infections making investors risk-averse. Meanwhile, Bitcoin set a new low at $39,893.62 — having swooned by more than 40% since its November peak. Bitcoin has shed over 8% at its weakest levels this week, while smaller tokens… Source link
Read More »Bitcoin price tests $40,000, Ethereum hovers near $3,000 level again
Bitcoin (BTC-USD) and Ethereum (ETH-USD) are tumbling in what has been an ugly start to the year for cryptocurrencies. Bitcoin, the largest digital cryptocurrency, has extended its slide to fall to as far as $39,558 Monday morning, dipping below the crucial $40,000 level for the first time since September 2021. It is nearing what is known as the “death cross,” a bearish indicator which occurs when the 50-day moving average dips below the 200-day moving average, and could mean bitcoin is… Source link
Read More »Bitcoin will see its ‘dot com moment’ over next year or two: Charts technician
It’s been a bad start of the year for Bitcoin (BTC-USD), and 2022 could bring in a bit more pain. While some bulls continue to forecast $100,000, one strategist doesn’t see that happening this year – or next. “Long term, I love cryptocurrency, I love Bitcoin. But the charts — and I’m a technician — are just not showing that,” Gareth Soloway, president and CFO of InTheMoneyStocks.com told Yahoo Finance Live. “Bitcoin for me, has a nasty head-and-shoulders pattern on it. Believe or not,… Source link
Read More »Bitcoin price tumbles and ‘no signs of a decisive reversal in sight,’ hedge fund risk manager says
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
Read More »Why Bitcoin bulls still think $100K is in the cards despite ugly end to 2021
Cryptocurrencies boomed in 2021, but Bitcoin’s (BTC-USD) late year retrenchment left many investors unsure about the same returns in the new year. Buoyed by demand for non-fungible tokens (NFTs) and decentralized finance (DeFi), Ethereum (ETH-USD) and smaller cryptocurrencies ended up stealing the spotlight from Bitcoin. Its market capitalization, currently under 40%, is the second lowest it has ever been according to Trading View data. Trading around $47,300, Bitcoin is down 8% since last… Source link
Read More »Bitfarms Mines 3,452 Bitcoin in 2021
December Production Totals 363 Bitcoin This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated August 16, 2021 to its short form base shelf prospectus dated August 12, 2021. TORONTO and BROSSARD, Québec, Jan. 03, 2022 (GLOBE NEWSWIRE) — Bitfarms Ltd. (NASDAQ: BITF // TSXV: BITF), a global Bitcoin self-mining company, provides a Bitcoin (BTC) production and operations summary and update for the month of and year ended… Source link
Read More »Ether outshines Bitcoin in whipsaw year, rises to the top in crypto’s ‘cloud wars’
A year filled with highs and lows for cryptocurrency is ending with surprising winners — neither of which are Bitcoin (BTC-USD), Dogecoin (DOGE-USD) and Shiba Inu (SHIB-INU), the three digital coins that grabbed most of the headlines in 2021. Ether (ETH-USD) was one of the year’s biggest winners, more than quadrupling Bitcoin as an investment. Despite heavy investor buzz and new exchange-traded funds, the leading cryptocurrency spiked to a fresh record near $69,000 — only to retreat in… Source link
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