Cryptocurrency

For weeks now, Germany’s government has been selling hundreds of millions of dollars worth of bitcoin — and it’s been a key factor behind the cryptocurrency’s intense sell-off. Last month, the German government began selling bitcoin from a wallet operated by the country’s Federal Criminal Police Office, referred to locally as the Bundeskriminalamt, or BKA. […]

Bitcoin’s dramatic sell-off could present buy-and-hold bulls with a rare opportunity to scoop up BTC ETF shares at bargain-bin prices. Spot BTC prices tumbled to a four-month low on Friday of around $53,500 as markets braced for billions of dollars in impending BTC liquidations by Germany’s government and Mt. Gox, the defunct Japanese crypto exchange. Share prices of […]

Bitcoin circled $57,000 into the July 7 weekly close as markets sprang back from “tremendous downside deviation.” BTC/USD 1-hour chart. Source: TradingView Trader sees “positive signs” from BTC price daily closes Data from Cointelegraph Markets Pro and TradingView showed BTC price action cementing a range roughly 8% above the week’s $53,500 lows. These had come after the July 5 […]

U.Today – A Bitcoin address holding 140 BTC, worth more than $8 million today, has reemerged after a decade of inactivity, according to blockchain tracker Whale Alert. The address, dubbed “1BLoHu,” first received 140 BTC in 2013, when it was worth about $107,000. As mentioned, the transaction 11 years ago originated from another address, “1aWmn,” which also […]

The CoinDesk 20 (CD20), a measure of the largest digital assets, began the Asia trading week down 7%, while bitcoin traded 5% lower amid increased expectations for Fed rate cut in September. Nearly every constituent in the CD20 is in the red, posting bigger losses than bitcoin. Ether (ETH) is down 5.8%, Solana (SOL) down […]

Rich Dad Poor Dad author Robert Kiyosaki predicts an imminent economic crash followed by a significant bull market where bitcoin could easily reach $10 million per coin, gold could reach $15,000 an ounce, and silver possibly $110 an ounce. Kiyosaki suggests this cycle is inevitable due to declining trust in fiat currencies and historical precedents. […]

A closely followed crypto analyst is issuing a warning, saying that one popular altcoin could be due for a significant correction. Crypto trader Ali Martinez tells his 66,600 followers on the social media platform X that decentralized oracle provider Chainlink (LINK) could see a massive dip in price after failing to maintain a key support […]

Bitcoin mining difficulty dropped by more than 5% on July 5 to a quarterly low of 79.50 terahashes (79.5T). This marked the largest reduction since March when the difficulty briefly dipped below 80T. Difficulty spiked between March and May, when it reached an all-time high of 88.10T before beginning a slow settling to where it […]

Bitcoin and other risk assets could stand to benefit from a weakening job market and increasing unemployment in the United States, the world’s largest economy. The unemployment rate in the U.S. increased to 4.1%, surpassing the previously anticipated 4.0% and reaching its highest level since December 2021. The U.S. economy added 206,000 jobs in June. […]

Cryptocurrencies plunged Friday as investors focused on the payout of nearly $9 billion to users of collapsed bitcoin exchange Mt. Gox. Bitcoin’s price was last lower by nearly 3% to $56,571.00, according to Coin Metrics. Earlier in the day, the world’s biggest cryptocurrency had slumped as low as $53,513.55, marking its first time trading below […]