Bitcoin has been facing severe bearish momentum since mid-June. At the start of this week, it hit an 8-week low of $58,402. Several factors have contributed to the price drop, such as the announcement by the defunct bitcoin exchange Mt. Gox to distribute assets stolen from clients in a 2014
People living in the US may soon be able to use Bitcoin (BTC) and other cryptocurrencies to pay their federal taxes. It has been proposed by US Congressman Matt Gaetz that citizens of the United States be able to pay their federal income taxes using Bitcoin. Among the Bitcoin Marxists,
It is too soon to think about lowering interest rates in 2024, according to Federal Reserve Governor Michelle W. Bowman. The timing of this disclosure is very sensitive, impacting both the regular and crypto markets. The situation has further worsened since important economic data is expected to be released later
Strike, the Bitcoin payment app led by Jack Mallers, has taken a giant stride forward with its introduction in the United Kingdom. Aiming to increase Bitcoin’s accessibility and popularity in one of the world’s biggest economies, this expansion is a smart step. The launch of Strike in the United Kingdom
Bitcoin layer-2 developer Alex Lab, which was affected by a $4 million hack in May, has revealed suspicions that the notorious North Korean hacking group Lazarus may be behind the exploit. Today, Alex Lab identified three wallet addresses used by the attackers to siphon funds from their decentralized finance (DeFi)
Major withdrawals have been seen in the US spot Bitcoin ETFs for seven consecutive days, coinciding with the Bitcoin (BTC) price’s continued decline. No Bitcoin exchange-traded fund (ETF) saw any form of inflow on Monday, June 24, contributing to a total outflow of $174.5 million across all ETFs. Withdrawals from
Bitcoin bears once again made investors sit on their toes, but this time, they made them more anxious by dropping below $59K. In the past day, Bitcoin fell by 3%, hitting an eight-week low of $58,601.70 after reaching a 24-hour high of $62,900. The bears have been making big noises
Cryptocurrency and its regulation have emerged as a pivotal topic in the U.S. presidential campaigns, sparking heated debates and diverse reactions within the crypto community. The conversation around cryptocurrency and Bitcoin (BTC) has intensified since the election campaign began in late May, drawing significant attention from both supporters and critics.
Notable gold investor Peter Schiff has warned that hedge funds are preparing to sell their Bitcoin holdings and initiate short bets on MicroStrategy. This is a huge shift in opinion about the most popular crypto and the software company that is famous for having a lot of Bitcoin. Companies like
Bitcoin miners sold around $2 billion worth of cryptocurrency in June, or more than 30,000 BTC. So far this year, this is the worst monthly sell-off recorded. In addition, when miners began selling off their holdings to keep afloat after the latest Bitcoin Halving, this massive liquidation has pushed miner
