Bitcoin

Bitcoin, ethereum and other major cryptocurrencies have crashed this weekend, with more than $100 billion wiped from the combined crypto market...

The Fed this month started to the long process of shrinking its swollen $9 trillion balance sheet, known as quantitative tightening. The Fed could try to accelerate the interest rate increases, both in speed and severity, along with accelerate quantitative tightening. Next week, the Fed is expected to raise its interest rate to 1.25%-1.50%, after a similar move last month. "[Friday's] inflation report is the last big release before the Fed meeting next Wednesday," Alex Kuptsikevich, FxPro senior market analyst, wrote in an emailed note. Want to stay ahead of the market and understand the latest crypto news? "Inflation hasn’t subsided even though the Fed has been increasing interest rates and conducting quantitative tightening.

Ether declined as much as 5% to $1445.56, its lowest level since March 2021, while Bitcoin dropped to as low as $27264.65, its lowest since May 12.

New York:Bitcoinand Ether pared losses, after falling earlier on Sunday amid a broader retreat by the cryptocurrency complex in the wake of data showing US inflationhitting a fresh 40-year high. Ether declined as much as 6.4% to $1,424.40, its lowest level since March 2021, while Bitcoin dropped to as low as $26,876.51, its lowest since May 12. Virtually all top tokens tracked by Bloomberg were down Sunday, with the likes of Dogecoin and Avalanche falling as much as 9.4% and 13% respectively.

Ether, the coin linked to the ethereum blockchain and the second largest cryptocurrency, fell nearly 8%

Cryptocurrency prices have been in a slump this year as the Federal Reserve withdraws stimulus and hikes rates to combat inflation. Meanwhile, dogecoin price today was also trading almost flat at $0.07 whereas Shiba Inu also up 0.2% to $0.000011. The global cryptocurrency market cap today is $1.08 trillion, down more than 8% in the last 24 hours. The most popular crypto is down more than 43% so far this year (YTD), and is trading far below its record high of $69,000 it had hit in November last year.

The world's biggest cryptocurrency fell toward $25000 amid a broader selloff fanned by concerns about rising U.S. interest rates.

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Economist and gold bug Peter Schiff has made some dire predictions about cryptocurrency, particularly bitcoin and ether.

Devere Group CEO Nigel Green said last week that he expects a bull run and a “significant bounce” in the price of bitcoin in the fourth quarter of this year. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. JPMorgan said last month that the firm sees a “ significant upside” to bitcoin. Furthermore, a growing number of grocery stores and gas stations have started accepting bitcoin as well as other cryptocurrencies. Economist and gold bug Peter Schiff has made some dire predictions about cryptocurrency, particularly bitcoin and ether. Grocery stores and gas stations don’t accept bitcoin.”

A weak macroeconomic environment and systemic risk from within the crypto space have caused nearly twelve successive weeks of losses for the asset.

Bitcoin and Ethereum prices plunged Sunday evening as the global cryptocurrency market dropped sharply lower by 5.9% to $1.1 trillion at press time.

$BTCweekly RSI hitting the equal level as in December 2018 and October 2014 and January 2015. Weekend crypto crashes sometimes are followed by a quick recovery, but the current environment and soft interest might make for a slow recovery.” The number of— Negentropic (@Negentropic_) #Bitcoingoogle queries is above 2019-2020 bear market levels despite the ongoing fear of a recession. — Michaël van de Poppe (@CryptoMichNL)— Michaël van de Poppe (@CryptoMichNL) $ETHweekly RSI hitting the lowest point since December 2018, the bottom of the previous bear. Glassnode co-founders Jan & Yann noted on Friday that the Bitcoin google queries were above the 2019-2020 bear market levels despite fears of an upcoming recession. Cryptocurrency trader Michaël van de Poppe pointed out that RSI for BTC and ETH are significantly lower than in December 2018, but even so the majority want to short.

As Bitcoin fell to its lowest level since late 2020, the entire cryptocurrency market is feeling the squeeze of recession fears, which could deter investors ...

In recent months, the crypto market has become increasingly connected with traditional equity markets. This week, Yellen also cautioned against putting cryptocurrency in 401(k) plans, adding to the gloomy sentiment. Bitcoin is currently selling at $25,168.94, down 16% in the last week, according to statistics from Coingecko published on Monday. In the past 24 hours, Dogecoin, TRON, and Avalanche all witnessed double-digit losses. Bitcoin’s last rejection at this level sent its price down to $30,000, where it remained for several days. Ethereum, for instance, has fallen below $1,500, down 70 percent from its all-time high of over $4,900 in November 2021.

Factors including rampant inflation and an imminent interest rate hike from the U.S. Federal Reserve, along with an issue at Celsius, are behind the ...

Users then get yield as a result of the revenue Celsius earns. Celsius, which claims to have 1.7 million customers, advertises to its users that they can get a yield of 18% through the platform. "Since Nov 2021, sentiment has changed drastically given the Fed rate hikes and inflation management. Ayyar noted that in previous bear markets, bitcoin had dropped around 80% from its last record high. Bitcoin and other cryptocurrencies have tended to correlate with stocks and other risk assets. The cryptocurrency market capitalization fell below $1 trillion on Monday for the first time since February 2021, according to data from CoinMarketCap.

Despite the collapse in the domestic equity market today, the cryptocurrency markets have reached a record low in 2022. The worldwide crypto market value is ...

The worldwide crypto market value is $985.07B, an 11.08 per cent loss over the past day, according to CoinMarketCap statistics, and with today's dip this year, the global cryptocurrency market cap has plummeted by almost USD 1 trillion so far. Edul Patel Co-Founder & CEO of Mudrex-A Global Crypto Investing Platform said “Crypto prices plunged following the U.S inflation report, which came in at a 40-year high of 8.6% over the weekend. In the midst of a bearish crypto market, Bitcoin, the world's largest and most popular cryptocurrency, fell 11.10 per cent in the previous 24 hours to $24,556.65 USD with a 24-hour trading volume of $51,70,28,31,258 USD. Bitcoin's market cap has dropped 11.77 per cent to $463,816,731,125.85, and the top three losers of the day are Green Satoshi Token, Bitcoin, and BNB. The RSI dropped below 30 as Bitcoin entered the oversold zone." On the daily time-frame, the BTC trend has broken below the long formed triangle pattern. The worldwide crypto market value is $985.07B, an 11.08 per cent loss over the past day, according to CoinMarketCap statistics, and with today's dip this year, the global cryptocurrency market cap has plummeted by almost USD 1 trillion as of now.

Group's own coin sheds half its value in 24 hours as funds freeze deals heavy blow to cryptocurrency market.

Celsius CEO Alex Mashinsky. Piaras Ó Mídheach | Sportsfile for Web Summit | Getty Images. Celsius, a controversial cryptocurrency lending platform, said Monday ...

"We've been doing this for five years now, longer than anybody else," he said at the time. Just last week, the company said it had not had any issues meeting withdrawal requests. Celsius has valuable assets and we are working diligently to meet our obligations." The firm has seen the value of its assets more than halve since October, when it handled $26 billion in client funds. Ether dropped 8% to $1,329, while Celsius' cel token plunged more than 50%. Celsius' cel token has also erased 97% of its value in the same timeframe.

Bitcoin plunged to the lowest in about 18 months in Asia trading Monday as the impact of Friday's shock US inflation data continued to reverberate through ...

The MVIS CryptoCompare Digital Assets 100 Index, which measures 100 of the top tokens, dropped as much as 17%. And the total market value, which topped $3 trillion in November, dropped below $1 trillion as of 10:54 a.m. New York time on Monday, according to CoinGecko. Bitcoin plunged to the lowest in about 18 months after the freezing of withdrawals by the Celsius lending platform added to concern that systemic risk in the crypto ecosystem will accelerate the digital-asset market meltdown. The world’s largest digital token tumbled as much as 17% to $22,603 -- its lowest since December 2020.

The Celsius crypto network has halted all trading, including withdrawals, according to a press release from the company released overnight.

Furthermore, customers will continue to accrue rewards during the pause in line with our commitment to our customers,” Celsius said. “We understand that this news is difficult, but we believe that our decision to pause withdrawals, Swap, and transfers between accounts is the most responsible action we can take to protect our community. Celsius has valuable assets and we are working diligently to meet our obligations,” the statement continued. But what are those “terms of use” Celsius is referencing? “Due to extreme market conditions, today we are announcing that Celsius is pausing all withdrawals, Swap, and transfers between accounts. The Celsius crypto network has halted all trading, including withdrawals, according to a press release from the company released overnight.

Major crypto lending platform Celsius on Monday announced that it was suspending all withdrawals due to “extreme market conditions,” triggering a major ...

Questions have been raised about crypto platforms like Celsius that promise massive yields to their customers after last month’s high-profile collapse of another high-yielding stable coin, Terra, and its companion token, Luna, last month. Celsius runs one of the largest crypto lending operations in the world and it managed to raise $750 million in funding last year from the likes of investment firm WestCap and Canadian pension fund manager Caisse de dépôt et placement du Québec. Celsius has also borrowed $500 million from the U.S. dollar-pegged stable coin Tether, down from an originally planned loan of $1 billion. According to the Financial Times, Celsius was also impacted by the overall decline in the cryptocurrency market in the last few months with its overall assets dropping from a value of $24 billion in December 2021 to $11.8 billion last month.

Major crypto lending platform Celsius on Monday announced that it was suspending all withdrawals due to “extreme market conditions,” triggering a major ...

Questions have been raised about crypto platforms like Celsius that promise massive yields to their customers after last month’s high-profile collapse of another high-yielding stable coin, Terra, and its companion token, Luna, last month. Celsius runs one of the largest crypto lending operations in the world and it managed to raise $750 million in funding last year from the likes of investment firm WestCap and Canadian pension fund manager Caisse de dépôt et placement du Québec. Celsius has also borrowed $500 million from the U.S. dollar-pegged stable coin Tether, down from an originally planned loan of $1 billion. According to the Financial Times, Celsius was also impacted by the overall decline in the cryptocurrency market in the last few months with its overall assets dropping from a value of $24 billion in December 2021 to $11.8 billion last month.

Rising inflation, falling tech stocks, and a risk-off environment sent leading coins even lower this weekend.

Bitcoin is down 18% in the past seven days and has fallen below $26,000 to $25,513, its lowest point of 2022 and a 12-month low. Then the Terra ecosystem (UST and LUNA) went down in flames (though a Chainalysis report this week linked Bitcoin's decline more to the broader tech stock selloff, not to Terra). Since then, tech stocks have continued to take a beating and crypto has fallen further. The global crypto market cap is down to $1.03 trillion, a 7.5% drop in just 24 hours, according to CoinMarketCap.

Binance said Monday that it is temporarily pausing bitcoin withdrawals “due to a stuck transaction causing a backlog.” At first, Binance founder and CEO ...

Binance is the world's largest crypto exchange. But he later amended that to say, "Likely this is going to take a bit longer to fix than my initial estimate." "Funds are SAFU," he added.

The bitcoin price has crashed, dragging down ethereum and other major cryptocurrencies. CryptoCodex. The combined cryptocurrency market has dropped below $1 ...

💷 On Thursday, the U.K.'s Bank of England will make its interest rate decision. "We are taking this action today to put Celsius in a better position to honor, over time, its withdrawal obligations," the company said in a blog post, adding it needed time to "stabilize liquidity and operations." Catch up quick: After the dramatic collapse of the terraUSD (UST) stablecoin and its support coin luna last month, crypto traders had been nervously watching the likes of Celsius, fearing similar high-interest accounts could also face difficulties as the bitcoin price continued to crash. 🏦 On Wednesday, the U.S. Federal Reserve will announce its latest interest rate decision with economists widely predicting another 50 basis point hike. Mercury rising: Major crypto lending platform Celsius has suspended all withdrawals from its platform due to what it called "extreme market conditions" as cryptocurrency prices go into free fall and users rush to get their coins off the platform. The issuer of the $72 billion tether stablecoin has this morning distanced itself from Celsius. "While Tether’s USDT a statement. Why it matters: Questions have been raised and rumors are swirling about how connected Celsius is to the wider crypto ecosystem and if the contagion will spread. Markets in the U.S. are set to open sharply lower, following declines in Asian and European stocks. Mere hours before suspending withdrawals, Celsius chief executive Alex Mashinsky hit out at critics on Twitter, denying users were having trouble withdrawing funds and accusing them of spreading FUD—a popular crypto acronym for "fear, uncertainty and doubt." 🗣 Tomorrow, the U.S. Securities and Exchange Commission (SEC) chairman, Gary Gensler, will deliver remarks on the SEC's agenda at an event organized by the Wall Street Journal. Speaking last month, Gensler warned of more pain to come for the crypto market and said he feared "there’s going to be a lot of people hurt." ⚙️ Wall Street giant JPMorgan is gearing up to bring trillions of dollars of tokenized assets into the world of blockchain-based decentralized finance (DeFi) as it looks to tap the yield-generating potential of non-crypto assets "with the scale of institutional assets." Crypto lending platform Celsius' cel cryptocurrency has lost a face-melting 50% over the last 24 hours due to the platform suspending withdrawals, citing "extreme market conditions," sparking fears of an imminent collapse.