Tags : Drops

Bitcoin

Bitcoin Drops After Powell Pours Cold Water on Inflation Expectations

A dramatically heightened inflation makes up the strongest bullish case for Bitcoin, a cryptocurrency that poses itself as the safest insurance against a potential rise in consumer prices and fiat devaluation caused by central banks’ quantitative easing programs and the government’s trillions of dollars worth of stimulus packages. But on Tuesday, Bitcoin faced a headwind […]Read More

Cryptocurrency

Bitcoin drops 10% after Indian government proposes new crypto ban

Today, Bitcoin dropped more than 10% after the Indian government proposed legislation for banning Bitcoin, according to Reuters. The government already had plans to ban cryptocurrencies since January — but now it’s become clear that the goal is to strictly regulate profiting with Bitcoin, which includes holding or trading. $1 Billion in Positions Liquidated According […]Read More

Bitcoin

Bitcoin Drops Alongside Tech Stocks as Bond Yields Rise

Bitcoin fell sharply on Monday and continued declining into the early Tuesday session as traders feared its excessive valuations after a 100 percent rise this year. The benchmark cryptocurrency lost more than $8,000, or 13.91 percent, to trade below $50,000. At its week-to-date low, it was changing hands for as much as $46,700. Bitcoin’s closest […]Read More

Bitcoin

Bitcoin breaches $50,000 after MicroStrategy drops $600 million announcement

Expect Michael Saylor and MicroStrategy to buy all your Bitcoin when you aren’t watching. Today, the enterprise software maker announced yet another $600 million convertible note issuance for investors and institutions to buy Bitcoin. The move comes a month after MicroStrategy raised $650 million in a separate convertible note offering to purchase BTC. MicroStrategy Announces […]Read More

Market

Market Wrap: Bitcoin Drops to $36.3K as DeFi Jumps to

Bitcoin has had an up-and-down day and ether has performed similarly. But decentralized finance hit a new milestone. Bitcoin (BTC) trading around $37,616 as of 21:15 UTC (4:15 p.m. ET). Gaining 1.4% over the previous 24 hours. Bitcoin’s 24-hour range: $36,207-$38,731 (CoinDesk 20) BTC above the 10-hour and the 50-hour moving average on the hourly […]Read More

Market

Market Wrap: Bitcoin Drops to $29.9K While DeFi Hits Record

Spot prices in bitcoin are sliding as investors get distracted by other market opportunities. Those include in the decentralized finance (DeFi) ecosystem, which hit a record level of value locked on Tuesday. Bitcoin (BTC) trading around $31,600 as of 21:00 UTC (4 p.m. ET). Slipping 1.2% over the previous 24 hours. Bitcoin’s 24-hour range: $29,298-$32,939 […]Read More

Market

Market Wrap: Bitcoin Drops Briefly Below $33.5K While Ether Calls

Bitcoin is recovering from a steady price decline while ether options traders anticipate another high-water mark after it hit an all-time high of $1,439. Bitcoin (BTC) trading around $35,023 as of 21:00 UTC (4 p.m. ET). Slipping 4.1% over the previous 24 hours. Bitcoin’s 24-hour range: $33,430-$36,794 (CoinDesk 20) BTC above the 10-hour but way […]Read More