Bernstein analysts have just reaffirmed their earlier prediction that Bitcoin can hit $150,000 at the end of 2025, even with current market conditions and volatile prices since the halving.
Bitcoin dropped to $58,000 on Wednesday, and even as newbie crypto traders and BTC non-believers plant FUD in the minds of other holders, the "hodlers" are displaying a serious sense of unity.
price tumbled 4.4% within a frenetic 4-hour period on May 1, sliding below the $58,000 mark for the first time in 60 days. On-chain data reveals the major…
Investment banking giants believe this Bitcoin halving cycle will not be the same as previous ones wherein prices were driven up by low supply and high demand.
Tesla CEO Elon Musk and his brother Kimbal Musk are under investigation by the Securities and Exchange Commission (SEC) for possible insider trading. The SEC
Bitcoin loses ground on concerns over regulations in China
Bitcoin, the biggest and most popular cryptocurrency, rose 8.75 per cent to touch $40,000, after plunging 14 per cent on Wednesday to its lowest since late January
Reuters | May 20, 2021 | Updated 14:24 IST
Bitcoin regained some ground on Thursday from the previous session's brutal slide to four-month lows but was weighed down by concerns over tighter regulation in China and unease over the extent of leveraged positions in the cryptocurrency world. Bitcoin, the biggest and most popular cryptocurrency, rose 8.75 per cent to touch $40,000, after plunging 14 per cent on Wednesday to its lowest since late January.
Smaller rival ether was up 6.6 per cent at $2,600 at 0630 GMT, but in extremely volatile trading after its 28 per cent tumble on Wednesday. Wednesday's declines in both digital assets were their biggest daily percentage moves in more than a year as investors rushed to exit trades that until recently were heartily outperforming traditional markets such as stocks and bonds.
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The dip in Bitcoin price today is arguably one of the coin’s worst performances in the past few weeks and emotions amongst investors in the market following this dip are high.
The entire cryptocurrency market is experiencing a drop sparked by a massive drop in Bitcoin (BTC) price, the first-ever digital currency. Per a report from CNBC, the cryptocurrency market shed off as much as $170 billion in a single day dropping to $955 billion at the time of writing in contrast to the celebrated market cap figure above $1 trillion just a few days ago.