Cryptocurrency

Bitcoin price has sharply declined over the past few days, which might have triggered some concerns from those who thought it would surge after its fourth halving. The price of Bitcoin has dropped 11% since the halving, which occurred on April 20 at 12:09 am UTC. On the halving date, Bitcoin traded around $64,000. In the immediate aftermath […]

MicroStrategy, the largest corporate holder of Bitcoin, has announced it will launch a decentralized identity solution on the Bitcoin network that uses Ordinal-based inscriptions to store and retrieve information. The solution, MicroStrategy Orange, was unveiled by executive chairman Michael Saylor during the company’s Bitcoin For Corporations conference on May 1. MicroStrategy Orange is open-source, not dependent on […]

Bitcoin slid to its lowest level in over two months to kick off May, as the Federal Reserve held interest rates steady. The cryptocurrency at one point dropped 5% to $56,526.00, its lowest level since Feb. 27, according to CoinMetrics. It was last lower by about 4% at $56,954.13. Investors have been focused on the latest […]

It might be time to call the cryptocurrency correction a bear market, as bitcoin (BTC) tumbled below $60,000 with what appeared to be a poor debut of spot ETFs in Hong Kong and interest rate fears giving traders plenty of reason to sell on Tuesday. BTC hit a $59,100 low in the afternoon hours, its weakest price […]

Bitcoin has declined approximately 20% over the past three months, but crypto traders are unfazed by the decline, claiming it is just a routine correction in the market cycle. “This is the 4th 20% correction in BTC in 12 months…pretty ordinary stuff,” CEO of Real Vision Raoul Pal stated in an April 30 post on X — […]

Bitcoin miners show no signs of “capitulation” despite their revenue falling to 14-month lows following the halving event in April. In an April 30 post to X, CryptoQuant CEO Ki Young Ju said that following a drop in revenue to levels post having, Bitcoin miners now face two options, capitulation or await growth in the price of […]

Michael Saylor’s decision back in 2020 to start buying Bitcoin has paid off in spades this year for the co-founder and executive chairman of MicroStrategy Inc. Saylor has garnered an estimated $400 million or so from pre-planned daily sales of about 5,000 shares of the enterprise software company from January through last week, based on […]

Hong Kong’s six new bitcoin and ether exchange-traded funds recorded a trading volume of around HK$49.4 million ($6.3 million) during the morning session on their first trading day on Tuesday, according to data from the Hong Kong Stock Exchange. Data from the HKEX showed that China Asset Management’s “ChinaAMC Bitcoin ETF” led in trading volume, […]

Several Bitcoin developers are furious at a fellow Bitcoiner who admitted to “griefing” one of Bitcoin’s testnets by generating three years worth of blocks in a single week — forcing some developers to halt the applications they were testing. “Whoever has been fucking with testnest is a douchebag looser,” said Francis Pouliot, a founder at noncustodial Bitcoin […]

Crypto markets are in the red amid renewed fears of U.S. stagflation, a worst-case scenario for risk assets. Bitcoin (BTC), the leading cryptocurrency by market value, traded near $62,400 at press time, down 2.5% on a 24-hour basis, according to CoinDesk Indices data. Ether (ETH) traded 3% lower at $3,200, and the CoinDesk 20 (CD20), a measure of the most liquid digital assets, was […]