Bitcoin

Bitcoin’s sell-off continued for a third consecutive day as the price dropped to lows not seen since Nov. 11, 2024. At the peak of the correction, BTC (BTC) briefly traded at $82,256 before finding buyers but data suggests that further downside could occur before the market stabilizes.  Independent market analyst Scott Melker posted the following

Bitcoin’s Market-Value-to-Realized-Value (MVRV), an indicator that measures whether the asset is overvalued or not, shows that the cryptocurrency still has room to peak this cycle, according to a crypto analyst. “I predict a peak MVRV this cycle around 3.2, meaning we have another bullish year in 2025 ahead before we reach the pico top this

A key Bitcoin and crypto sentiment tracker, the Crypto Fear & Greed Index, has fallen to its lowest score in more than two years as Bitcoin plummeted below $90,000. On Feb. 26, the Crypto Fear & Greed Index slipped deeper into “Extreme Fear,” reaching a score of 10. Bitcoin falls under $85,000 That’s its lowest level

Investors in BlackRock iShares Bitcoin Trust pulled out a record $420 million from the fund in a day as Bitcoin sunk to yearly lows. BlackRock’s spot Bitcoin (BTC) ETF (IBIT) shed 5,000 BTC on Feb. 26, its largest outflow to date, eclipsing the $332 million it lost on Jan. 2.  The massive outflow follows a

Bitcoin mining company Core Scientific unveiled plans for a $1.2 billion data center expansion in partnership with artificial intelligence startup CoreWeave. The announcement followed the company’s fourth-quarter 2024 earnings report, which showed a net loss of $265 million. On Feb. 26, the Bitcoin (BTC) mining company published its fourth quarter and full-year results for 2024.

Bitcoin’s (BTC) price has taken a major hit this week, with analysts speculating on its next move after a tumultuous period. As of Feb. 27, the cryptocurrency is down 3% over the last 24 hours and 10% over the last seven days.  Traders and analysts believe in the potential for Bitcoin to drop further, specifically

Bitcoin may finally reach a key downside target from last year as BTC/USD edges ever closer to old all-time highs. In fresh X analysis on Feb. 27, trader and analyst Rekt Capital flagged an incoming “gap” in CME Group’s Bitcoin futures markets. Battle of the Bitcoin futures gaps begins Bitcoin (BTC) hit new multimonth lows

Troubled cryptocurrency exchange Bybit is making preparations for a full operational license in the United Arab Emirates (UAE) after recently suffering a $1.4 billion hack. Bybit received in-principle approval to set up a virtual asset platform operator in the UAE from the Securities and Commodities Authority (SCA), the exchange announced on Thursday, Feb. 27. The

Japanese Bitcoin treasury firm Metaplanet issued 2 billion Japanese yen ($13.35 million) in bonds to continue expanding its BTC reserves, marking the latest move in a series of purchases that began in May 2024. On Feb. 27, Metaplanet announced the fresh issuance of 0% ordinary bonds worth 2 billion yen to purchase Bitcoin (BTC). According

CryptoQuant CEO Ki Young Ju says Bitcoin may end the year under $59,000, citing an overheated futures market as one of the primary reasons for an end-of-year tumble. In a Nov. 9 post to X, Ki said he expects Bitcoin to close the year at $58,974 and asked others to speculate on the yearly close,

Crypto traders betting on a market drop were hit with major liquidations as Bitcoin surged to an all-time high above $81,000, causing widespread losses in short positions. CoinGlass data showed that in the last 12 hours, about $180 million in short positions were liquidated across the crypto market. Bitcoin (BTC) has continued to rally in

Bitcoin will gain political importance following Donald Trump and the Republicans’ United States election wins — and investors who don’t own the cryptocurrency can no longer ignore it, according to the New York Digital Investment Group (NYDIG). “While some investors have allocated to Bitcoin, the most common allocation for investors is still zero. There are

Two former executives at major American investment management firms, Millennium Management and Pacific Investment Management Company (Pimco), are reentering the crypto space amid a major market rally. Millennium’s ex-portfolio manager Benoit Bosc and Pimco’s former executive vice president Michael Bressler left their posts to set up a new crypto consultancy firm, x2B, Bloomberg reported on

Bitcoin is breaking records as a weekend BTC price surge delivers almost $82,000 to start the week. Bitcoin traders see BTC price upside continuing despite some concerns that a retracement may reach frightening proportions. Macroeconomic data releases continue to come thick and fast as United States presidential election fever gives way to the ongoing inflation

Supported by a new all-time high (ATH) market price above $81,000, the total market capitalization of Bitcoin crossed $1.6 trillion for the first time since its launch in 2009. On Nov. 11, Bitcoin (BTC) reached a market capitalization of $1.62 trillion amid the ongoing bull market, concurrently bringing up the global crypto market cap to

The FTX bankruptcy estate continues to pursue lawsuits against cryptocurrency companies as part of its ongoing bankruptcy proceedings. A group of firms involved in the FTX bankruptcy proceedings initiated a lawsuit against cryptocurrency exchange Binance, seeking to recover $1.8 billion, according to a complaint filed on Nov. 10. In the filing, the plaintiffs argued that

Cryptocurrency analytics platform Nansen is expanding its capabilities beyond Ethereum by moving into Bitcoin through a partnership with the Bitcoin layer-2 (L2) network, Bitlayer.  Nansen is debuting Bitcoin (BTC) analytics services by delivering blockchain data analytics to Bitlayer, an L2 network supporting smart contracts and decentralized applications (DApps) on Bitcoin. As the first Bitcoin L2

Bitcoin (BTC) will hit a new all-time high in late 2024 on the backdrop of a long-feared United States recession and regulatory shifts after the next U.S. presidential election, asset manager VanEck predicts. On Dec. 8, VanEck made 15 crypto predictions for 2024, including price forecasts, timings of a spot Bitcoin ETF launch, the impact

Crypto industry short sellers have lost at least $6 billion trying to bet against publicly-traded crypto firms this year, due largely to Bitcoin’s (BTC) outsized rally since Jan. 1. According to a Dec. 5 report from research firm S3 partners, traders who bet against publicly traded crypto firms such as Coinbase, MicroStrategy, and Marathon Digital

Bitcoin (BTC) futures open interest has reached $5.2 billion on the global derivatives giant Chicago Mercantile Exchange (CME), $200 million shy of its late October 2021 all-time high. Open interest in CME’s Bitcoin futures has grown from $3.63 billion to $5.20 billion over the last 30 days, according to Coinglass data. The open interest surge

Publicly traded crypto firms have notched triple-digit percentage returns this year and closed up in green on Dec. 4, as Bitcoin (BTC) reached a new year-high of over $42,000.  Crypto exchange Coinbase (COIN) closed the day at just over $141 with a 5.5% gain, up 320% from its price at the start of the year, per

Bitcoin (BTC) has reached the $40,000 level for the first time since April 2022, climbing around 2% in 24 hours. Bitcoin surged from under $39,500 to strike above $40,000 on Dec. 3, according to CoinGecko. It also marks a new year-to-date high for Bitcoin, which is up over 140% since Jan. 1. The price of

Top Stories This Week Bitcoin ETF race gets 13th entrant, BlackRock revises ETF model Asset manager Pando Asset has become an unexpected late entrant into the spot Bitcoin ETF race in the United States. On Nov. 29, Pando submitted a Form S-1 — used to register securities with the agency — to the U.S. Securities

El Salvador President Nayib Bukele, who was behind legislation recognizing Bitcoin (BTC) as legal tender in the country, has stepped down from office to campaign. On Dec. 1, Bukele resigned as the President of El Salvador following approval from the country’s Legislative Assembly, allowing him to take a leave of absence to focus on his

Major Swiss cryptocurrency-enabled bank Seba is changing its name amid growing ambitions to expand its trading services worldwide. Seba Bank AG has rebranded to Amina Bank AG, the firm announced to Cointelegraph on Nov. 30. “We opted to change our name from SEBA Bank due to similarities with SEB Bank in Sweden. SEB Bank and

Swiss asset manager Pando Asset has become an unexpected late entrant into the spot Bitcoin (BTC) exchange-traded fund (ETF) race in the United States. On the same day, investment giant BlackRock met with the country’s securities regulator to pitch an updated ETF model based on the agency’s feedback. On Nov. 29, Pando submitted a Form

Bitcoin (BTC) spot exchange-traded funds (ETFs) in the United States now have a “clear runway” to potential simultaneous approvals after an advanced decision to delay the bids of Franklin Templeton and Hashdex ETFs, according to ETF analysts. In a Nov. 28 X (Twitter) post, Bloomberg ETF analyst James Seyffart said the Securities and Exchange Commission

Bitcoin (BTC) briefly reached $38,000 on Nov. 24 but faced formidable resistance at the price level. On Nov. 27, Bitcoin price traded below $37,000, which is unchanged from a week ago.  What is eye-catching is the unwavering strength of BTC derivatives, which signals that bulls remain steadfast in their intentions. An intriguing development is unfolding

Developers working on the Bitcoin layer 2 Lightning Network have become less security-oriented and more focused on producing cash flow for their investors, argues a former Lightning Network developer. Bitcoin core developer and security researcher Antoine Riard, made headlines last month after leaving the Lightning ecosystem over concerns about a new attack vector called “replacement cycling,” which exploiters

Top Stories This Week US officials announce $4.3B settlement with Binance, plea deal with CZ Binance and its co-founder, Changpeng “CZ” Zhao, have reached a settlement over criminal and civil cases with the United States Department of Justice. CZ will plead guilty to one felony charge as part of the negotiated agreement. Attorney General Merrick