Page 5 - Latest Updates on Bitcoin
Bitcoin slide: A cause for concern or a buying opportunity?
The cryptocurrency is down 14 per cent in April, the most since it slumped 16 per cent in November 2022
 "Bitcoin slide: A cause for concern or a buying opportunity?")
With ETF demand cooling, Bitcoin faces worst month since FTX crash
The original cryptocurrency is down 14% in April, the most since it slumped 16% in November 2022. The US-ETF induced mania took Bitcoin to a record high of almost $74,000 in March
 "With ETF demand cooling, Bitcoin faces worst month since FTX crash")
After Bitcoin's massive price surge, book partial profit if overexposed
At current elevated prices, prospective buyers should opt for staggered purchases
 "After Bitcoin's massive price surge, book partial profit if overexposed")
US prosecutors seek 36 months' jail for Binance founder Changpeng Zhao
Zhao, commonly known as CZ, agreed to pay $50 million and cease involvement with Binance, which he founded in 2017
 "US prosecutors seek 36 months' jail for Binance founder Changpeng Zhao")
Explained: The Rs 6,600 cr Bitcoin ponzi scam involving Raj Kundra
The Ponzi scheme allegedly swindled Rs 6,600 crore from investors by promising high returns through Bitcoin mining
 "Explained: The Rs 6,600 cr Bitcoin ponzi scam involving Raj Kundra")
Bitcoin briefly drops below $60,000 ahead of halving software adjustment
The original digital asset fell as much as 5% to $59,888, before paring the decline. Bitcoin has dropped by about 18% since it reached a record $73,797 on March 14
 "Bitcoin briefly drops below $60,000 ahead of halving software adjustment")
Bitcoin's share of crypto market highest since 2021 partly due to ETFs
Bitcoin and second-ranked Ether jumped on Monday, boosted by indications that asset managers will soon launch Hong Kong-listed ETFs for both tokens
 "Bitcoin's share of crypto market highest since 2021 partly due to ETFs")
HK gives initial approval to first Bitcoin, ether spot ETFs, say funds
At least three offshore Chinese asset managers will launch the virtual asset spot ETFs soon
Bitcoin 'halving' will deal a $10 billion revenue blow to crypto miners
"This is the final push for miners to squeeze out as much revenue as they can before their production takes a big hit," said Matthew Kimmell, a digital asset analyst at CoinShares
 "Bitcoin 'halving' will deal a $10 billion revenue blow to crypto miners")
Bitcoin rebounds from sharp slump triggered by Iran's attack on Israel
The largest cryptocurrency advanced 3.9% to $64,40 as of 8:50 a.m. in London on Sunday after jumping as much as 8.3% earlier
 "Bitcoin rebounds from sharp slump triggered by Iran's attack on Israel")
Retaining sheen: Gold, silver may continue to sparkle next financial year
What is worth observing for the Indian market is that since the last nine years, gold investors have made money each year, while in silver, gains have been consistent only in the last five years
 "Retaining sheen: Gold, silver may continue to sparkle next financial year")
Bitcoin 'halving' spurs exodus of old United States mining computers abroad
Bitcoin has surged about 50% this year to around $63,500, though it's down from a record high of $73,798 reached on March 14
Bitcoin cracks 8% in 24 hours after touching new high, may fall further
$526 mn worth of crypto wagers were liquidated in the past 24 hours, according to one analysis
Bitcoin tops $73,000 level to hit new record on insatiable ETF demand
The world's largest cryptocurrency reached a high of $73,664 on Wednesday, before paring its rise slightly to trade at around $73,080 as of 8:29 a.m. in New York
Bitcoin above $71,000 as demand frenzy intensifies, hits new record high
Britain's financial watchdog on Monday became the latest regulator to pave the way for digital asset trading products after
Y-Combinator-backed Mudrex to offer Bitcoin Spot ETFs to Indian investors
It comes at a time when Bitcoin touched its all-time high of $71,677 on Monday mainly due to the enthusiasm around Bitcoin ETFs
Bitcoin miners are devouring electricity at record pace during crypto rally
Since February 2023, 13 of the top mining companies have placed orders for over $1 billion worth of specialized computers, according to data compiled by TheMinerMag based on public filings
 "Bitcoin miners are devouring electricity at record pace during crypto rally")
Currency market calm before Powell's speech, bitcoin rally resumes
The absence of major catalysts kept the dollar under pressure, having slipped on Tuesday after data showed U.S. services industry growth slowed last month
 "Currency market calm before Powell's speech, bitcoin rally resumes")
Bitcoin rallies to two-year high above $65,000, record high comes into view
The largest cryptocurrency by market value has gained 50% this year and most of the rise come in the last few weeks where inflows into U.S.-listed bitcoin funds have surged
Bitcoin set for biggest monthly jump since 2020 boom amid ETF boost
The largest cryptocurrency by market capitalisation was last up 3.4% at $62,205, having changed hands at $63,933 overnight, the highest since late 2021
