Cryptocurrency

Mt. Gox’s scheduled repayment of $8.5 billion worth of Bitcoin to creditors next month may not cause as much mayhem for the price of Bitcoin as many expect, say analysts. IG Markets analyst Tony Sycamore told Cointelegraph there were simply too many historical factors to make a concrete prediction about the impact of the upcoming […]

Bitcoin fell below the US$60,000 mark for the first time since early May, according to CoinGecko data, as Mt. Gox prepares to disburse funds from creditors. On Monday, the Mt. Gox trustee announced that it will start repaying creditors next week, a move that could introduce more selling pressure and destabilize the market further. The […]

Bitcoin is preparing perfect conditions for a fresh BTC price breakout, two classic indicators suggest. In recent analysis on X (formerly Twitter), popular trader Roman revealed a bullish continuation case in the making for BTC/USD. Trader: Watch BTC price weekly close for key signals Despite disappointing hodlers for much of June, Bitcoin remains a solid bet on higher […]

Michael Saylor, the outspoken executive chairman and co-founder of business intelligence company MicroStrategy, recently sounded off on the virtues of Bitcoin — including claiming it’ll reach $10 million per coin and that the entire nation of China will get behind the cryptocurrency — in an 84-minute podcast interview. Economic pseudoscience In the above video’s intro, […]

Bitcoin extended its decline by more than 3% this week as bears maintained their selling pressure. Although the price dipped below the short-term holder realized price (STH-RP) of $64,230, the bears could not deepen the correction. This suggests that the bulls are trying to defend the STH-RP, the aggregate cost basis of Bitcoin holders — […]

The total cryptocurrency market capitalization plummeted 3.9% between June 20 and June 21, approaching its lowest level in five weeks at $2.34 trillion. This decline affected every top 10 coin, with Bitcoin dropping 4.2%, Ether experiencing a 4% loss, and BNB facing a 4.2% correction. Despite some recovery of intraday losses, the market remains in […]

The billionaire Winklevoss twins, founders of cryptocurrency company Gemini, were refunded after their bitcoin donations to Donald Trump’s presidential campaign exceeded the maximum amount allowed under federal law. According to a Bloomberg report, the portion above the legal limit was refunded to the donors, citing a campaign official who spoke on condition of anonymity to discuss the […]

The halving could be a huge catalyst for Bitcoin, according to billionaire venture capitalist Chamath Palihapitiya. Throughout the first six months of 2024, you’ve probably heard all sorts of ultra-bullish predictions for where the price of Bitcoin (BTC 0.29%) could be headed next. International bank Standard Chartered, for example, now thinks Bitcoin could soar to $150,000 by the end […]

Standard Chartered (STAN) is establishing a spot trading desk for buying and selling bitcoin and ether. The new London-based desk will start operations soon and be part of the bank’s FX trading unit, Standard Chartered told CoinDesk. The news was first reported by Bloomberg, citing people familiar the matter. Standard Chartered would become one of […]

Spot bitcoin (BTC) exchange-traded funds (ETFs) listed in the U.S. recorded their fifth-straight day of outflows on Thursday, losing over $900 million so far this week. Data tracked by SoSoValue shows that the 11 listed ETFs lost $140 million on Thursday, with $1.1 billion in trading volumes. Grayscale’s GBTC – which has mostly seen outflows since its […]