Bitcoin’s (BTC) price has witnessed a sharp correction at the start of each month in Q3 2024. The first seven days of July and August saw a drawdown of 12.56% and 15.94%, respectively. Bitcoin marketcap 1-day chart. Source: Trading View September is following a similar tone, but it is important to note that Bitcoin also recovered […]
Cryptocurrency
Bitcoin headed for breakout or breakdown? Analysts weigh in
Crypto analysts are predicting three major events in the coming weeks that could drive up the price of Bitcoin. For the last seven months, Bitcoin has traded in a downtrend between $74,000 and $52,000, and investors have grown increasingly restless about whether or not BTC will break out to the upside or continue to grind […]
Bitcoin price nearly hits $60K but traders still see bearish September
Bitcoin traded near $59,000 on Sept. 3 after a last-minute comeback delivered 3.2% daily gains. BTC/USD 1-day chart. Source: TradingView BTC price: “Green” first week could be September outlier Data from Cointelegraph Markets Pro and TradingView showed promising Bitcoin (BTC) price action before the week’s first United States trading session. Weakness around the monthly and […]
Cryptoverse: Bitcoin ETFs take $50 billion baby steps toward big time
Last October, Matthew Hougan told an industry panel that he expected spot bitcoin exchange-traded funds (ETFs) to attract $55 billion of assets in their first five years. As of late August this year, about eight months after their debut, the 10 new funds approved by U.S. regulators collectively boasted more than $52 billion, according to […]
India’s HDFC Bank Launches New UPI and CBDC Features
HDFC Bank, a leading private sector bank in India, has introduced new features for Unified Payments Interface (UPI) and central bank digital currency (CBDC) to enhance digital banking for its customers. Announced at the Global Fintech Fest 2024 in Mumbai, India, these innovations, developed in partnership with fintech companies like Kreditpe, Tonetag, and Payu, aim […]
Bitcoin is capped at $60K, but LTC, FET, MNT and AAVE show promise
Bitcoin price has been reeling under selling pressure and is on target to fall by more than 9% this week. Bitcoin has consistently formed lower highs for the past few months, which is a negative sign. This brings the onus on the bulls to defend the support. The markets are gearing up for a major […]
A classic ‘Rektember?’ 5 Things to know in Bitcoin this week
Bitcoin starts September with a whimper, as both the monthly and weekly close spark the BTC price’s downside. Trading near spot demand at $57,000, Bitcoin is decidedly lacking bullish sentiment as analysis shows low interest among traders. Is the market in for another “Rektember?” This month’s status as a “red” patch for Bitcoin returns is […]
Bitcoin loses 8.6% in August as September starts with fresh 2-week low
Bitcoin shed more than 2% on Sep. 1 as an “out of hours” monthly close turned ugly for bulls. BTC/USD 1-hour chart. Source: TradingView BTC price stares down traditionally “red” September Data from Cointelegraph Markets Pro and TradingView showed BTC price weakness producing lows of $57,230 on Bitstamp — a level last seen on Aug. 16. Coming midway through […]
Bitcoin ATM scams are soaring — and older adults are increasingly the victims
Call it a diabolical new twist on an old scam: ATM fraudsters are turning to bitcoin. Data the Federal Trade Commission provided to NBC News show the amount of money consumers have reported losing to scams involving Bitcoin ATMS rose nearly tenfold since 2020, topping $110 million in 2023. And older people are getting roped […]
Court Approves BTC Loan for Bankrupt Bitcoin Mining Firm
Rhodium Encore LLC, a bankrupt bitcoin mining company, has received court approval for a unique debtor-in-possession financing plan that allows borrowing in either U.S. dollars or bitcoin. Galaxy Digital Holdings Ltd., a blockchain firm led by Mike Novogratz, has offered to provide Rhodium with a loan of either $30 million in dollars or 500 bitcoin. […]
