Bitcoin prices tumbled to a four-month low on Monday, as the cryptocurrency market continues to see steep declines that have been in play for weeks now. Not helping: increasing talk of massive sell-offs by the German government – coupled with fears that the creditors of the now-bankrupt crypto exchange Mt Gox are in a liquidation […]
Bitcoin and other top cryptocurrencies, including Ethereum and XRP, have become highly volatile in the past few weeks. In what Fortune magazine called an ‘extreme fear’ outlook, it is possible that their valuations are going down even further. Bitcoin, for example, has fallen nearly 20 per cent in the past month after a warning from
There is also much anticipation, and an accompanying rise in cryptocurrency speculation, that Ether will surpass its November 2021 highs of $4,867.60 when the Ether ETFs become available. Indeed, the supply dynamics of Ether, which is currently the second-largest cryptocurrency in the world, have very similar features to Bitcoin, which at one time was the
The Ethereum 2.0 update is a highly anticipated event with broad implications for commuters and street hawkers alike. This update can influence gas fees and transaction costs on the largest blockchain network by market cap on Earth. The scalability and efficiency issues of the Ethereum network have historically affected its cost and speed of transactions.
The cryptocurrency market took a hit Wednesday amid a big sell-off that was predominantly driven by the leading crypto assets such as Bitcoin, Ethereum and Solana. In the last 24 hours, the total market cap declined 3.3% to around $2.04 trillion. Bitcoin traded 2.5% down to $55,667, while Ethereum had 2.6% decline to $2,916. The
In his speech on 20 October at the Reuters NEXT conference, Singapore Exchange (SGX) CEO Loh Boon Chye said: ‘The environ[ment] for crypto tokens listed on SGX or any exchange is unfortunately not up to that support level today … At the moment, we don’t think we are ready to list.’ Loh was referring to
The Importance of Security in Choosing a Crypto Wallet When you enter the world of cryptocurrency, one of the most important steps is to step away from it by choosing a secure crypto wallet. As everything in the digital world, cryptocurrencies are inherently exposed to different security risks that can jeopardise your holdings. In this
According to CryptoQuant, published 5 July, the Bitcoin mining world is in a similar position to late in 2022 after the FTX crash, with profits running low again, and sell-offs continuing to put pressure on miners, which is leading to action. Bitcoin has fallen 13% from $68,791 to $59,603, putting pressure on miners to shutter
Analyst Peter Brandt highlights a seismic bearish breakout in the Bitcoin market, which most recently plunged below $58,000 in an explosive correction that caused $4 billion worth of liquidations. Although it has long been seen as a good store of value (that is, as a safe haven for HODLing), Bitcoin recently broke below the 200
Conspiracy theories suggest that it has been the German government pulling the strings, with Bitcoin’s price under pressure from a massive amount of selling on the market, which has coincided with the extreme selloff witnessed in recent days. During the past month, Berlin has liquidated hundreds of millions of dollars’ worth of Bitcoin that had
