bitcoin value – Page 2

Bitcoin’s Slide Pauses in Wait for Next Domino to Fall After FTX

22Nov

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Technology

Bitcoin’s Slide Pauses in Wait for Next Domino to Fall After FTX

[ad_1] Cryptocurrency prices steadied in a lull from the selloff sparked by the demise of Sam Bankman-Fried’s FTX empire. Cryptocurrency prices steadied in a lull from the selloff sparked by the demise of Sam Bankman-Fried's FTX empire, but investors are braced for more ructions as further digital-asset sector bankruptcies loom.The largest token Bitcoin added about 1.5% on Tuesday while remaining below $16,000 and in sight of the weakest levels since November 2020. Coins such as Ether, Solana and meme token Dogecoin also posted modest gains. The latest sign of contagion from the fall of the FTX exchange came from Genesis, a digital-asset brokerage that warned of possible bankruptcy unless it can raise cash. Crypto lender BlockFi Inc. is also struggling to stay afloat. FTX's unraveling...

Bitcoin Responds to FTX Contagion by Heading for a Weekly Gain

18Nov

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Bitcoin Responds to FTX Contagion by Heading for a Weekly Gain

[ad_1] There can be little doubt that crypto investors expect more firms to blow up in the treacherous wreckage of the wipeout at FTX. Their confounding response has been to drive up Bitcoin. There can be little doubt that crypto investors expect more firms to blow up in the treacherous wreckage of the wipeout at FTX. Their confounding response has been to drive up Bitcoin this week.The token is up some 3% over the period, topping global stocks, while a gauge of the leading 100 virtual coins has added about 1%. That compares with Bitcoin's 23% slide last week as Sam Bankman-Fried's FTX empire collapsed. To recap the backdrop: FTX's chaotic bankruptcy left even the man who liquidated Enron Corp. flabbergasted and put the likes of crypto lender BlockFi Inc. on the cusp of their own Chap...

FTX-Induced Crypto Swoon Saps Bitcoin’s Sway on Global Investors

14Nov

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FTX-Induced Crypto Swoon Saps Bitcoin’s Sway on Global Investors

[ad_1] The pain spread across cryptocurrencies by the meltdown of FTX is fracturing the link they once had with other risk assets, a sign that Bitcoin’s influence on investors may be diminishing. The pain spread across cryptocurrencies by the meltdown of Sam Bankman-Fried's FTX is fracturing the link they once had with other risk assets, a sign that Bitcoin's influence on global investors may be diminishing.The idea that Bitcoin was a worthwhile part of a diversified portfolio of risk assets is fraying, with massive losses generated by the revelation that even FTX, until recently considered one of the most blue-chip names in crypto, was unsound. That's a far cry from the start of this year, when Bridgewater estimated that 5% of Bitcoin was held by institutional-level investors. Bitco...

Cryptoverse: British pound fiasco boosts Bitcoin’s hedge appeal

25Oct

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Cryptoverse: British pound fiasco boosts Bitcoin’s hedge appeal

[ad_1] As a developed nation, you know your currency's in a spot of bother when investors start to hedge with bitcoin. As a developed nation, you know your currency's in a spot of bother when investors start to hedge with bitcoin.After Britain's brief Prime Minister Liz Truss unleashed her mini-budget on Sept. 23, filling financial markets with dread, a section of investors stampeded away from the pound and towards the cryptocurrency. Trading volumes between bitcoin and the pound jumped 233% in September overall from the month before, according to data from research firm CryptoCompare, while trading between the cryptocurrency and a similarly battered euro also jumped 68%. "It was the first time we've seen such a huge increase in (bitcoin) volumes for the currency of a developed countr...

Crypto shock! Man loses $1.8 mn in Bitcoin; how he turned himself into a laughing stock

20Oct

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Technology

Crypto shock! Man loses $1.8 mn in Bitcoin; how he turned himself into a laughing stock

[ad_1] A TikTok user has lost access to $1.8 million Bitcoin as he does not remember the answer to his Hotmail security question. Check details here. This Bitcoin investor has just lost almost $2 mn and it has nothing to do with the plunging price! In fact, he is himself to blame. As per the latest details, a man lost access to USD 1.8 million worth of Bitcoin as he is not able to access his Hotmail account. According to a report by ladbible.com, a TikToker by the name @conspiracycubed, lost access to Bitcoin as he is unable to access his Hotmail account because he cannot remember who his best friend was from 2005. “One unlucky TikToker - @conspiracycubed - recently explained, the reason why he cannot access his account is ultimately because he cannot remember who his best friend was ...

Bitcoin Volume Matters More Than Volatility, Cumberland Says

19Oct

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Bitcoin Volume Matters More Than Volatility, Cumberland Says

[ad_1] Crypto volatility might be way down, prompting warnings from analysts about investor interest in the digital-asset sector. Crypto volatility might be way down, prompting warnings from analysts about investor interest in the digital-asset sector. But it's not volatility that matters -- it's volumes. That's according to crypto trading firm Cumberland, which says that volumes, while off the highs of the year, “remain absolutely massive.” Roughly $50 billion worth of Bitcoin derivatives -- excluding spot and on-chain, as well as non-Bitcoin related activity -- are cleared on exchanges each day, prompting the firm to posit that daily activity in crypto may be more than $100 billion, about one-fifth the figure for US stocks. “Recent volatility-driven concerns about the health o...

Bitcoin Becoming Less Volatile Than Stocks Raises Warning Flag

13Oct

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Bitcoin Becoming Less Volatile Than Stocks Raises Warning Flag

[ad_1] Crypto traders are warning that in a low-volume environment, that might not be a great thing. At first blush, Bitcoin becoming less volatile than stocks might appear like a positive development. But crypto traders are warning that in a low-volume environment, that might not be a great thing. The coin's 30-day realized volatility has “dropped sharply” in recent days, according to Noelle Acheson, author of the “Crypto is Macro Now” newsletter. It's currently at around 52% after spending the past month above 64% on an annualized basis, according to Coin Metrics data compiled by Acheson. Meanwhile, Jake Gordon at Bespoke Investment Group points to a volatility gauge called BitVol, which has “begun to break down,” falling to near its lowest levels since the spring. The index curr...

Bitcoin Price Today Slips as a Wave of Investor Angst Saps Global Markets

28Sep

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Bitcoin Price Today Slips as a Wave of Investor Angst Saps Global Markets

[ad_1] The gloom enveloping global markets pushed cryptocurrencies including Bitcoin price lower today. The gloom enveloping global markets pushed cryptocurrencies including Bitcoin price lower on today.The largest token fell as much as 3.1% to a near one-week low and was trading around $18,700 as of 12:45 p.m. in Tokyo. Ether and most other major coins also posted losses. Stocks, bonds and commodities are swooning under a noxious mix of sharp interest-rate hikes, high inflation and a dim economic outlook. A dollar gauge is at a record amid demand for a haven from the maelstrom. If there's any consolation for crypto investors, it's that other assets are breaching major markers whereas Bitcoin is still roughly 6% above June lo...