Category: Bitcoin

The price of Bitcoin (BTC) and Ether (ETH) fell by 15% and 20%, respectively, on April 23 as the cryptocurrency market became engulfed in a major correction.  Five factors likely caused the price of Bitcoin and Ether to steeply drop in a single day, including mass liquidation, an overheated futures market, the decline of Kimchi

Untied to any single government or country, Bitcoin is often labeled a store-of-value asset and a hedge against other areas of finance. HoweverNassim Taleb, a former risk analyst and author, thinks otherwise, however.  In an interview with CNBC on Friday, after noting Bitcoin’s (BTC) similarity to a Ponzi scheme, Taleb said: “There’s no connection between

As Bitcoin (BTC) lost the $52,000 support on April 22, the futures contracts funding rate entered negative terrain. This uncommon situation causes the shorts, investors betting on price downside, to pay fees every eight hours. While the rate itself is mildly damaging, this situation creates incentives for arbitrage desks and market makers to buy perpetual

Bitcoin has gained increasing levels of adoption over the past several months amid its rise past $60,000. The government of the U.S. state of Louisiana recently released a resolution in which it noted some of Bitcoin’s (BTC) accomplishments. “THEREFORE, BE IT RESOLVED that the House of Representatives of the Legislature of Louisiana does hereby commend

Bitcoin’s (BTC) price has declined over the past day or so, falling from highs above $60,000 to below $50,000. That, however, does not necessarily mean the asset’s bull run is over, according to a well-known crypto analyst, PlanB.  “Nothing goes up in a straight line,” PlanB said in a Tweet on Friday. “#Bitcoin has gone

Tech titans Jack Dorsey and Elon Musk are countering the narrative that Bitcoin is bad for the environment. Dorsey points to a new Twitter thread from Square Crypto, which outlines a scenario in which Bitcoin mining, solar power and electric batteries team up to create a sustainable power grid. “Solar and wind produce cheaper energy

Major American cryptocurrency exchange Gemini now lets its users purchase cryptocurrencies like Bitcoin (BTC) with Apple Pay and Google Pay. According to a Thursday announcement, Gemini users can now connect their debit cards to Apple Pay or Google Pay for buying crypto with fiat on the platform. The firm noted that user funds will be

A Wall Street veteran is sounding the alarm over Bitcoin’s rapid rise, warning that the cryptocurrency could be in for a sizable plunge in the near future. One week after Bitcoin set an all-time high of nearly $65,000, Scott Minerd, Chief Investment Officer at Guggenheim Partners, believes Bitcoin could be on the verge of losing more

Macro guru and Bitcoin bull Raoul Pal says he’s battling the urge to sell off all of his BTC in order to buy more Ethereum (ETH). The former Goldman Sachs executive tells his 459,300 Twitter followers that he thinks Ethereum’s on the verge of breaking out to an all-time high against Bitcoin. “When you price

Bitcoin (BTC) is expected to dip as low as $32,500 in the short term after several crucial support levels faded to nothing on April 23. BTC/USD hit lows not seen since early March on Friday, as analysts line up their prognoses — and buy orders — in the latest Bitcoin price correction. Brandt plans to