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Crypto is not replacing the U.S. dollar: BitFury CEO

The cryptocurrency market has grown tremendously over the past few years and experts believe the market is still in its early stages. Cryptocurrencies are not here to replace the US dollar. According to BitFury’s CEO and former U.S. Acting Comptroller of the Currency, Brian Brooks. He stated as much during a conversation with Ylan Muii […]

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Bitcoin is a commodity states SEC’s Gary Gensler

There is no precise regulation of cryptocurrencies in the United States at the moment, but regulators are focusing their attention on the industry. Gary Gensler, the chairman of the Security and Exchange Commission (SEC), has pointed out that he believes Bitcoin is the only security. He made this statement during an interview with CNBC on Monday. Gensler […]

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Bitcoin will remain a major asset, sad the CEO Mike Novogratz

Bitcoin has lost more than 60% of its value in the last seven months, but that hasn’t changed its status as a macro asset. Mike Novogratz, the CEO of Galaxy Digital, recently stated in an interview with New York Magazine that Bitcoin will not go away as a macro asset. Bitcoin has come a long […]

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Bitcoin investors lost more than $7 billion: Glassnode

According to data from Glassnode, Bitcoin investors incurred a historic $7.3 billion in losses over three days last week. The firm’s “Realized Value Lost” metric tracks the value of Bitcoin that has been lost forever. Due to HODLers selling at a price lower than their purchase price. Glassnode says that the $7.3 billion figure is […]

Bitcoin News

Bitcoin rises above $21,000 after dipping to $20,000

The cryptocurrency market has lost nearly $100 billion over the past 24 hours as the bearish trend continues. The bear market has arrived, and it’s in full swing since the all-time high of $3 trillion was set in November 2021. Bitcoin, Ethereum, and XRP have all declined by more than 50% since their respective all-time […]

Bitcoin News

Binance temporarily shuts down BTC pullouts according to the CEO

Binance, according to a tweet from the company’s CEO, Changpeng Zhao. Has stopped taking Bitcoin (BTC) withdrawals until further notice as a result of the current market turmoil. The Binance team is currently investigating the issue and will provide an update as soon as possible. In the meantime, Binance has advised users not to attempt […]

Bitcoin News

Despite the market recovery, bitcoin dips below $30k

The cryptocurrency market is recovering from the slump it suffered over the past two days. After a two-day downtrend, the cryptocurrency market is back in the green area. The market has appreciated by over 1% in value in the last 24 hours, but the overall market cap remains below $1.3 trillion. Presently, Bitcoin is trading […]

Bitcoin News

Bitcoin will find its feet soon, says Grayscale CEO

Bitcoin has lost more than 50% of its value since hitting an all-time high of $69,000 in November 2021. The cryptocurrency market has been slumping recently. Since peaking at $69k in November 2021, Bitcoin has lost more than half its value. Over the past year, Bitcoin’s price has fluctuated wildly. Currently, one bitcoin is valued […]

Bitcoin News

Amidst price dip, investors gush $300 million into Bitcoin

Investors added to their positions during last week’s price dip, CoinShares said in their latest report. While the market was jittery following the collapse of Terra’s LUNA and UST, bitcoin funds saw weekly inflows of around $300 million. The price drop was beneficial for investors, who add $299 million to Bitcoin (BTC) funds after buying […]

Bitcoin News

Bearish sentiment: Bitcoin could fall to around $25,000

The broader cryptocurrency market has been underperforming in recent weeks. The crypto market has been in a bearish trend for the past few days. With a decrease of more than $400 billion since Monday. Bitcoin, the world’s largest cryptocurrency by market capitalization, has also been affected. To date, the cryptocurrency market has lost nearly 16% […]

Bitcoin News

Bitcoin dips by 20% in a week, but LEO is the sole gainer

The crypto market as a whole continues to suffer with most top 100 coins in the red at the time of writing. Top cryptos Bitcoin is falling rapidly, with the price currently trading at $31,000. Ethereum and XRP also take a hit. Solana is the biggest top 10 loser, with a dip of 12%. Litecoin, […]

Bitcoin News

BTC might fall below $35,000 as bearishness persists

BTC might fall below $35,000 as bearishness persists The cryptocurrency market has performed poorly over the past 24 hours, with more than $100 billion wiped out during that period. The crypto market falls over $100 billion in the past 24 hours, with bearish sentiment returning. The broader cryptocurrency market dips by 6.85% in the last […]

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