Cryptocurrencies are becoming mainstream day by day with retailers showing more interest in accepting them as payment options.
The crash in the price of the digital currency may have come as a surprise to Bitcoin bulls.
MicroStrategy's CEO Michael Saylor might've landed the firm in trouble as its Bitcoin holding is already down by more than a billion dollars.
Institutional investors are gradually moving out of the crypto market as leading cryptocurrencies Bitcoin and Ethereum saw outflows of $57 million and $41 million. However, ADA, SOL, and XRP saw inflows this week.
Coinbase's CEO Brian Armstrong announced the move as motivated by his firm's rapid growth during a bull market and concerns about a possible recession over the horizon.
The results showed that “while the overall crypto market was quite bearish, managers remained extremely bullish on BTC."
Meme cryptos Shiba Inu and Dogecoin too plunge.
Bitcoin plunged about 15% in 24 hours and is trading at about half of what it was worth in March.
Meme cryptos Shiba Inu and Dogecoin plunge too.
Luxury brands are increasingly embracing Bitcoin and other forms of digital money
Meme cryptos Shiba Inu and Dogecoin plunge too.
Grayscale Investments has hired Donald B. Verrilli Jr. as an addition to its legal team as the deadline for the decision of the conversion of GBTC to Bitcoin ETF is approaching.
The MicroStrategy CEO remains a staunch believer in Bitcoin despite the bearish momentum that the token has been following
In the initial roll-out, the card will enable spending at more than 10 million merchants in the United States and users can spend the equivalent of up to $1,000 per day.
The crypto market is green Wednesday with Bitcoin and Ether forming bullish daily candles while Cardano and Chainlink were the biggest risers of the day.
Despite the downward trend, experts remained hopeful of gains ahead.
Mike McGlone said that once the current bear market in risky assets subsides and valuations recover again, cryptocurrencies will outperform all other asset classes, with Bitcoin (BTC) outperforming the entire crypto space.
Meme tokens Shiba Inu and Dogecoin surge too
Over 60% of the participants have considered buying, holding or selling non-fungible tokens (NFTs), while only 7% are against this idea.
Cathie Wood said the bottom for Bitcoin is right around the corner and the on-chain metrics for the coin are now turning bullish.
The state of New York has taken a step closer to becoming the first in the United States to effectively enact a moratorium on Bitcoin mining.
Meme cryptos Shiba Inu and Dogecoin too gain momentum.