Cryptocurrency

Bitcoin slid as investors reacted to the US presidential debate between Democratic nominee Kamala Harris and Republican rival Donald Trump, who has embraced the crypto sector. The digital asset fell as much as 3.4% before paring some of the drop to trade at around $55,850 as of 10:04 a.m. Wednesday in New York. In wider […]

Despite the increasingly partisan sentiment in the cryptocurrency industry, bitcoin will thrive over the long term regardless of who wins the U.S. presidential election in November. That’s a view many crypto investors are coming to accept, as the wave of optimism spurred by former President Donald Trump’s pro-crypto overtures this summer starts to recede. “Do I think […]

Bitcoin whales have dialed back their activity since the cryptocurrency hit a new high in March and are now biding their time for the next major buying or selling opportunity, recent data suggests. “Cryptocurrency’s whale transactions have seen a noticeable drop-off since mid-August,” blockchain analytics platform Santiment wrote in a Sept. 11 X post. Bitcoin whales […]

Bitcoin continued its recovery on Sept. 10, reaching $58,000 to trade 8% above its four-week low of $53,955. Despite this recovery, Bitcoin investors “remain unconvinced” in the short term, according to an analysis from Glassnode. Investors are interacting less with centralized exchanges (CEXs) with “contracting volumes across the board,” according to a Sept. 10 report published by […]

United States inflation data may fuel optimism among Bitcoin traders ahead of an anticipated September rate cut by the Federal Reserve — if inflation lowers as widely expected, according to a crypto analyst. “Anyone holding short positions is likely to get burned and you could see a classic short squeeze trigger a rally,” Swyftx lead […]

Standard Chartered has officially launched its digital asset custody service in the UAE, according to an announcement from the bank. The service has been licensed by the Dubai Financial Services Authority (DFSA) within the Dubai International Financial Centre (DIFC), following a memorandum of understanding signed in May 2023. “The launch of our digital asset custody […]

Bitcoin price edged above $57,500 on Sept. 9 as markets sprang back from an “exaggerated” reaction to August’s payroll report. Data from Cointelegraph Markets Pro and TradingView showed Bitcoin price action recording gains roughly 8.3% above the week’s $52,546 lows. BTC/USD daily chart. Source: TradingView The day’s reversal in Bitcoin’s price direction has many traders wondering if the bottom might […]

Bitcoin jumped Monday evening and topped $57,000 after Wall Street’s rebound from its worst week of the year. The price of the flagship cryptocurrency was last higher by 5.6% at $57,4449.00, according to Coin Metrics. Last week, bitcoin tumbled 9% for its worst weekly performance since August 2023. In regular trading, Coinbase and MicroStrategy climbed 5.2% and 9.2%, respectively, […]

Friday’s U.S. jobs report has seemingly set the stage for the Federal Reserve (Fed) to start cutting interest rates, with the first move likely to happen next week. The supposedly bullish liquidity easing cycle may klick off on a sour note for risk assets, including cryptocurrencies, if the Fed cuts rates by 50 basis points […]

Bitcoin ATMs are a rapidly growing presence in the United States and, some experts say, a rapidly growing cybercrime menace. ATMs dealing in bitcoin are similar to their cash cousins: there are PINs to punch and withdrawal fees, just like any other ATM. Unlike cash ATMs, though, the high value of crypto makes them prime targets for hackers. So, while a cash […]