Bitcoin price fell by 9.8% last week, registering its most significant weekly decline since mid-March. The currency hit a two-week low of $8,630 early Monday, with prices last seen at $8,730—which is down more than 11% from a post-halving high of $9,960 on May 18. The recent price drop is, in turn, causing the number
Bitcoin
The cryptocurrency market might have had a horrid time over the past few weeks, but things have changed this week. Much of the reversal in fortunes is possibly tied to the upcoming Bitcoin halvening event. Why the Sudden Jump? The world’s biggest cryptocurrency by market cap has been in the doldrums due to the coronavirus-induced
Over the years, it became accepted wisdom that Bitcoin was a store of value, and that it could work as a hedge against market fluctuations. However, this has not turned out to be the case during the course of the current prolonged market turmoil. After the oil price crash on Monday, the world’s biggest cryptocurrency
The crypto sphere has seen a lot of buzz over the past few months with regards to the Bitcoin halving that is going to take place in May. Bitcoin is the biggest cryptocurrency in the world, and it is only natural that the upcoming halving event has caused such a stir in the crypto sphere
The coronavirus pandemic has had a highly damaging effect on the capital markets, and eventually, the effect was felt in other asset classes like cryptocurrencies as well. While this did affect the world’s biggest cryptocurrency, Bitcoin has made a remarkable recovery over the past 24 hours. BTC gained 10% in the last 24 hours, and
At this time last year, Bitcoin was in the middle of a rollicking rally, and the situation seems to have panned out in the same way in 2020. In a development that will come as a big boost for those who have invested in the world’s biggest cryptocurrency, BTC reached its highest level since October
Back in early 2019, Bitcoin went on a remarkable rally, and many believed that the cryptocurrency could eventually reach the dizzying highs it had hit in 2017. However, after the first half of the year, the rally fizzled out. The world’s biggest cryptocurrency has again gone on a remarkable rally over the past few days,
The crypto space can be highly volatile for traders, and over the years, Bitcoin (BTC) has proven to be among the more volatile cryptocurrencies. Over the past few days, the world’s biggest cryptocurrency by market cap had managed to make a comeback of sorts, but the volatility returned once again today. Such volatility was last
On March 3, Bitcoin (BTC) price gained the most on speculation that the US Federal Reserve, as well as other central banks, will be supporting markets even as concerns of the coronavirus outbreak continue to grow. Bitcoin Jumps Over 4% After Last Week’s Plunge Bitcoin gained 4% to take its price to $8,895, having suffered
Bitcoin (BTC) is trading below the $8,000 level just two months before its anticipated halving in May. However, over the past few weeks, markets have been crashing because of the coronavirus outbreak and investors have been cashing out on their digital assets, including Bitcoin. Will this impact the effect of the halving? Upcoming Halving Might
The outbreak of the coronavirus has had a significant impact on markets, and cryptocurrencies have not been spared either. Over the weekend, the US Federal Reserve was forced to slash interest rates to almost zero, but that didn’t help Bitcoin (BTC), which dropped below $5,000. Bitcoin (BTC) Drops Below $5,000 The largest crypto by market
While the stock markets across the world are recording historic declines, the situation is not much different in the crypto world, which would explain why Bitcoin has been dropping as of late. On Thursday, the world’s biggest cryptocurrency by market cap plunged at an alarming rate. Panic Selling The coronavirus pandemic has had a volatile
The coronavirus pandemic has resulted in massive turmoil in stock markets across the world, and almost all asset classes have suffered due to the deep selloff over the past few days. The same has been the case with Bitcoin, the world’s biggest cryptocurrency by market cap, and over the past weeks, its price has declined
Last December Brian Behlendorf is the Executive Director of Hyperledger said that 2019 was a year of “careful, prosaic BUIDLING.” Now, in an interview with CoinDesk’s Michael Casey at Davos, Behlendorf said he believes a lot of what the blockchain ecosystem was building is getting closer to becoming a net positive in the world. Citing
One of the products that have become particularly important to the continued growth of the crypto industry is Bitcoin futures. The derivative product has become one of the most heavily traded crypto-based securities. Key Drivers The Chicago Mercantile Exchange (CME) revealed its actual figures with regard to this particular product yesterday. The futures contracts have
Richard Rosenblum is co-founder and co-head of trading at crypto liquidity provider GSR. The opinions below are the author’s and do not reflect the position of CoinDesk. Like futures, the launch of bitcoin options on major exchanges has been met with anticipation. Hopeful observers believe the CME’s and Bakkt’s entry into the burgeoning options market
Bitfinex, the world’s seventh-largest bitcoin exchange by trade volume, has launched margin trading for Tether Gold (XAU₮), enabling traders to execute more advanced strategies on the yellow metal in a digital form. As of Jan 30, 12:00 UTC, traders are now able to execute on margin using Tether Gold against pairings such as tether’s native
A greater share of value is being transferred via stablecoins over the ethereum network than its own native cryptocurrency ether (ETH), according to research conducted by crypto data aggregate Messari. In a recent tweet, research analyst at Messari, Ryan Watkins said stablecoin transfer value had “flipped” ethereum’s native currency, ETH. “This is largely the story
Back in 2019, Bitcoin had been in the middle of a massive rally at the beginning of the year, and it seems that there might a repeat this year. In a new development that should come as a major boost to BTC investors, the cryptocurrency surged past $9,000 a token. It is believed that the
Bitcoin (BTC) has risen above a key area of resistance to reach its highest point in nearly 3 months. On Jan. 28, at roughly 23:30 UTC the price of BTC rose from around $9,150 to $9,400 in less than 5 minutes to reach an 83-day high, CoinDesk’s BPI shows. The world’s largest cryptocurrency by market
Cryptocurrency exchange Gemini has hired former Circle compliance officer Blair Halliday as chief compliance officer and money-laundering reporting officer for the U.K. and Europe, the company announced Tuesday. Halliday will report to Gemini’s managing director of U.K. and Europe, Julian Sawyer, and will work closely with the firm’s NYC-based chief compliance officer, Noah Perlman, who
A lawsuit accuses the frontman of the TRON cryptocurrency and his business associate of harassing and firing two employees, allegedly as payback for the employees’ objections to management practices and applications of the technology they were developing. In a 70-page court document filed in October in California state, Richard Hall, 50, and Lukasz Juraszek, 28,
Max Boonen is the founder and CEO of crypto trading firm B2C2. This post is the third in a series of three that looks at the structure of crypto markets. Opinions expressed within are his own and do not reflect those of CoinDesk. In the two previous articles, I summarized the evolution of speed in
Independent Reserve, one of the largest cryptocurrency exchanges in Australia, is expanding to Singapore after an “overwhelmingly positive” response from the regulator. Adrian Przelozny, CEO and founder of the Sydney-based exchange, announced Friday it had expanded its trading services to users in Singapore, saying in a statement that his team “felt the time was right
Hawaiian lawmakers have submitted a bill that allows banks to provide custody for digital assets. SB2594, introduced on Jan. 18 with bipartisan backing, would make it legal for Hawaiian banks to hold “digital securities,” “virtual currencies,” “digital consumer assets” and other “open blockchain tokens” for their customers. It would further authorize Hawaiian courts to hear
Bitcoin (BTC) bled yet again this week, as the bears assert their dominance in an increasingly volatile market, with BTC losing as much as $400 USD yesterday and tumbling towards the $8,000 milestone. The bearish movement of Bitcoin has been ongoing for months, with the exception of a few relatively small reprieves, and has many
Libra has lost another Association member, but according to @nlw that’s likely low on its worries list, plus Square’s LN efforts & TON’s SEC support. News broke yesterday the Libra Association had seen its eighth high-profile defection, this time from the telecom giant Vodafone. In today’s episode of The Breakdown, @nlw argues Association membership is
The year commenced with a massive rally in Bitcoin (BTC) that ultimately led to a sustained bull run, and the price of the world’s biggest cryptocurrency eventually reached levels that raised visions of 2017’s climb. However, that eventually came to an end, and the last few months have been pretty tough for the crypto industry
Three executives have left SDX, the blockchain-based digital asset trading venue owned by Swiss stock exchange operator SIX Group, since the year began, including two founding team members. Ivo Sauter, SDX’s head of clients and products, and Sven Roth, its chief digital officer, both left their full-time positions. Roth will continue as an external advisor
The biggest cryptocurrency in the world by market cap started off the year with a rally that went on for six months, but since then, it has been a bit chaotic. On Monday, Bitcoin slumped to its lowest level in six months after the Chinese central bank, The People’s Bank of China (PBOC), launched a