The largest cryptocurrency fell as much as 4.4% Thursday to $46,588, with other tokens including Ether retreating along with the Bloomberg Galaxy Crypto Index.
The government will install 200 of the teller machines to initially accompany its digital wallet called Chivo, a local slang term for 'cool,' President Nayib Bukele said on Twitter
Bitcoin has risen 81% since hitting a yearly low of $27,700 in January.
With the so-called ADA crypto jumping around 50% over the past week alone, optimism is rising that new technological enhancements will allow smart contracts on Cardano by its announced goal of Sept 12
The spread between Bitcoin futures and its spot price has shriveled relative to February, when cryptocurrency was in midst of a rally that ultimately reached an all-time high
The industry players on Friday said the surge in the market cap indicates a wider acceptance of crypto assets across the globe, including in India.
Cryptocurrency exchange WazirX on Wednesday said it has recorded 2,648 per cent growth in user sign-ups from tier-II and -III cities of India
Bitcoin is easily influenced by governments and whims and wishes of famous personalities and companies
Losses from theft, hacks, and fraud in "decentralized finance" or DeFi, a thriving segment in the cryptocurrency sector, hit an all-time high in the first seven months of the year
Ether was already lower on the day going into the technical adjustment
Traders drew confidence from recent positive comments about the cryptocurrency by high-profile investors
More than $950 million of crypto shorts were liquidated on Monday
The surge on Monday brought crypto markets back to life after they've been stuck in the doldrums for months
Bitcoin had looked to be in danger of further declines after it fell below $30,000 earlier in the week
The largest digital currency rose as much as 3.4 per cent and was holding at about $30,800
Bitcoin recovered from a one-month low and broke back above $30,000 on Wednesday, suggesting firm support around that level even as the mood in broader financial markets remained fragile
Some traders had viewed $30,000 as a key support that might open the way to more losses if breached
Seven in 10 institutional investors expect to invest in or buy digital assets in the future, although price volatility is the main barrier for new entrants, a study has found
Twitter CEO Jack Dorsey has announced to create a new business focused on building an open developer platform for Bitcoin for his financial payments company Square
Accountants are fitting crypto into existing categories. As an intangible asset, Bitcoin's book value can go only one way: down.