Page 14 - Latest Updates on Bitcoin
Crypto traders in bullish mode despite hawkish Fed comments on inflation
Bitcoin, which accounts for about 40% of the estimated market value of all cryptocurrencies, traded last week within a range of about 5.4%, the narrowest since October 2020
 "Crypto traders in bullish mode despite hawkish Fed comments on inflation")
Crypto weekly wrap: Bitcoin to rise once it reaches $20,400, say experts
For Ethereum, which is scheduled to go for 'The Merge' on September 6, will likely break out of the $2,000 level before the event, experts suggest
 "Crypto weekly wrap: Bitcoin to rise once it reaches $20,400, say experts")
Bitcoin may have hit a floor after Fed chief's speech at Jackson Hole
The largest cryptocurrency is down about 6% since Powell's hawkish Aug. 26 Jackson Hole speech underlined that the Federal Reserve wants to subdue financial markets
 "Bitcoin may have hit a floor after Fed chief's speech at Jackson Hole")
Bitcoin hovers around $20k as Fed chief's hawkish comments weigh on crypto
The largest token fell as much as 2.3% on Monday to $19,527, the fifth day of declines
 "Bitcoin hovers around $20k as Fed chief's hawkish comments weigh on crypto")
Powell's Jackson Hole speech leaves crypto investors in a tough spot
The total crypto market cap fell below $1 trillion after staying above it for over a month. Bitcoin fell below $20,000, and Ethereum slipped below $1,500
 "Powell's Jackson Hole speech leaves crypto investors in a tough spot")
Over half of Bitcoin's daily trading volume fake globally: Report
More than half of all Bitcoin daily trading volumes are reportedly fake, as the world's largest cryptocurrency nosedives again amid global economic turmoil
 "Over half of Bitcoin's daily trading volume fake globally: Report")
Bitcoin plunges below $20,000, may reach $10,000 level this year
After showing some stabilisation in the last few weeks, world's largest cryptocurrency Bitcoin has plunged once again below $20,000 after Federal Reserve Chair Jerome Powell's keynote address
 "Bitcoin plunges below $20,000, may reach $10,000 level this year")
Crypto wrap: Expect high volatility as inflation still a worry, say experts
Volatility in the crypto market comes at a time when the share markets too were showing high volatility, globally
 "Crypto wrap: Expect high volatility as inflation still a worry, say experts")
Explained: Ethereum set for mega 'merger' to become more energy efficient
Ethereum, the network behind the second-largest cryptocurrency by market cap (after Bitcoin), will move from a proof-of-work consensus mechanism to a proof-of-stake blockchain
 "Explained: Ethereum set for mega 'merger' to become more energy efficient")
Bitcoin stuck in narrow range as traders brace for Jackson hole
Cryptocurrencies have been trading in tandem with US equities this year as both have been swayed by the Federal Reserve's interest-rate-hiking path
 "Bitcoin stuck in narrow range as traders brace for Jackson hole")
Bitcoin drops most in two months as global markets turn risk off
Bitcoin, the largest virtual coin by market capitalization, tumbled as much as 9.2% to $21,271, the biggest intraday drop since June 18
NFT transactions to reach 40 mn globally in 5 yrs amid scam threats
The global number of NFTs transactions is likely to rise from 24 million in 2022 to 40 million by 2027, a new report said
 "NFT transactions to reach 40 mn globally in 5 yrs amid scam threats")
Cryptocurrencies' rally cools as Ethereum upgrade optimism loses steam
Matt Maley, chief market strategist at Miller Tabak & Co, said that the pullback was natural, as investors took 'some chips off the table'
Bitcoin tops $25,000 for first time since June amid crypto rally
Crypto struggled through the first half of the year as the Federal Reserve hiked rates to combat stubbornly high inflation, with the prices of Bitcoin, Ether and other tokens falling by more than 50%
 "Bitcoin tops $25,000 for first time since June amid crypto rally")
Crypto wrap: Market participants coming out of bear phase, experts suggest
In the last seven days, Bitcoin rose nearly 3 per cent, and Ethereum gained 13 per cent. The total crypto market cap rose from $1.03 trillion to $1.1 trillion
Letting ED add its chilling effect to crypto winter will kill the industry
A couple more scandals, and the ED may achieve the shutdown the RBI has long wished for: The considerable talent India has in this area will flee to more welcoming jurisdictions like Dubai
 "Letting ED add its chilling effect to crypto winter will kill the industry")
Crypto wrap: RBI MPC unlikely to impact global crypto prices, say experts
The Reserve Bank of India (RBI), on Friday, hiked the repo rate by 50 basis points for the second consecutive time to 5.4 per cent
 "Crypto wrap: RBI MPC unlikely to impact global crypto prices, say experts")
Coinbase's BlackRock pact reinforces crypto status, burns shorts
For Coinbase investors, the news is a much-needed signal that its status as a giant in the crypto sector remains rock solid
 "Coinbase's BlackRock pact reinforces crypto status, burns shorts")
US: New cryptocurrency oversight legislation arrives as industry shakes
The regulations would authorize the Commodities Futures Trading Commission to be the default regulator for cryptocurrencies
Crypto watch: Winter in the market is not over yet, argue experts
As the cryptocurrency market cap crossed $1.1 trillion mark on Friday and Bitcoin rose above $24,000, experts said that 'we are not there yet'
 "Crypto watch: Winter in the market is not over yet, argue experts")
