Bitcoin

Tether (USDT) snapped to 97 cents in Asian hours, losing its parity with U.S. dollars at writing time. · Separately, bitcoin (BTC) lost the $27,000 support level ...

Follow all the latest news, analysis and expert price predictions for bitcoin, as well as other leading cryptocurrencies like Ethereum, Solana, and Cardano.

Others warn that holding the $30k level could be critical for bitcoin’s short- to medium-term prospects. The coming hours and days could prove critical as to whether this trend can continue. The crash is continuing. Start your Independent Premium subscription today. There’s a lot of trees, a lot of landmarks, and even a “beautiful lookout in the volcano”. That volcano is going to be used to not only power the city with geothermal energy, but also provide the energy to mine bitcoin. Bitcoin is teetering on the precipice of an abyss, according to some crypto market analysts, with its price hitting its lowest level since July 2021.

Cryptocurrency Price Today: The global cryptocurrency market on Thursday, May 12, faced a brutal bloodbath with a 16.83 per cent decrease in the market cap ...

The altcoin has wiped off over 99 per cent of investors’ wealth in the past two days. Solana $38.56 or 39.19 per cent loss in the last 24 hours BNB $221.00 or 27.63 per cent loss in the last 24 hours This was down by a whopping 22.37 per cent over the last 24 hours. Tether $0.9508 or 4.90 per cent loss in the last 24 hours Ethereum $1,797.26 or 22.37 per cent loss in the last 24 hours Cryptocurrency Price Today: The global cryptocurrency market on Thursday, May 12, faced a brutal bloodbath with a 16.83 per cent decrease in the market cap on the day. Bitcoin $27,411.11 or 9.89 per cent loss in the last 24 hours Additionally, the total value locked on Anchor, (Terra’s biggest DeFi protocol), fell by $11 billion in the past few days. U.S. Treasury Secretary Janet Yellen cited the UST issue to push for stablecoin regulation,” added Bathija. Bear cycles are usually longer than bull cycles, so it could take 1/2 years to get a positive long-term price growth in the crypto market. Bitcoin price today fell to its 16 month low, and was standing at $27,411.11 at the time of writing this article, which was down by 9.89 per cent over the last 24 hours.

Trouble at a major “stablecoin” called TerraUSD, combined with interest rate rise fears, has sparked “extreme fear across the crypto market”

Luna has fallen over 90% since the start of the week. Bitcoin’s decline has broadly mirrored volatility in the US Nasdaq stock market, which is mostly made up of tech companies. “March 2020 was definitely bad, this could rival that. Bitcoin, a barometer for crypto, reached an all-time high price of more than $68,000 in November. TerraUSD, a so-called “stablecoin” meant to be pegged to the value of the US dollar, has dramatically collapsed, sparking panic about the stability of the broader market. There are fears it could fall much further.

Bitcoin plunged to its lowest level since December 2020 as a cryptocurrency selloff gathered steam Thursday. The world's largest cryptocurrency by market ...

- Target:Up to 60% off - Target Promo Code You may cancel your subscription at anytime by calling Customer Service. On the other, the decoupling of TerraUSD, a stablecoin whose value was tied to $1, has sent ripples through digital assets.

HONG KONG: Bitcoin fell to its lowest in 16 months on Thursday, leading a rush out of risk assets such as tech stocks, while the collapse of TerraUSD, ...

In the last eight sessions, it has lost a third of its value, or $13,000. Another factor at play is the spectacular collapse of TerraUSD, once the world's third-largest stablecoin, which broke its dollar peg this week to fall as low as 30 US cents, causing ructions in the crypto industry. HONG KONG: Bitcoin fell to its lowest in 16 months on Thursday, leading a rush out of risk assets such as tech stocks, while the collapse of TerraUSD, a stablecoin, underscored the strain on cryptocurrency markets.

Bitcoin, the world's largest cryptocurrency dropped to a low of $25401.05 today - its lowest level since December 28, 2020.

In the past eight sessions, Bitcoin has lost a third of its value, or $13,000, and is down more than 45% so far this year. Stablecoins are digital tokens pegged to the value of traditional assets, such as the US dollar. That would be a possible clue to wider contagion.

The sell-off in the cryptocurrency world shows no sign of levelling off as Bitcoin fell below the $27000 threshold on Thursday.

Bitcoin fell to its lowest level since January on Monday as slumping equity markets continued to hurt cryptocurrencies, which are currently trading in line with so-called riskier assets like tech stocks. As of Thursday morning, UST was trading at about 62 cents, far below its $1 peg. Meanwhile, the price of Ether shed more than 23 per cent.

The sell-off in the cryptocurrency world shows no sign of levelling off as Bitcoin fell below the $27000 threshold on Thursday.

Bitcoin fell to its lowest level since January on Monday as slumping equity markets continued to hurt cryptocurrencies, which are currently trading in line with so-called riskier assets like tech stocks. As of Thursday morning, UST was trading at about 62 cents, far below its $1 peg. Meanwhile, the price of Ether shed more than 23 per cent.

Bitcoin slumped below $27000 Thursday for the first time in over 16 months, as cryptocurrency markets extended their losses amid fears over rising ...

Digital currency investors often turn to them for safety in times of volatility in the markets. Economists have long feared that tether may not have the required amount of reserves to bolster its dollar peg in the event of mass withdrawals. Adding to investors’ fears Thursday was a drop in the value of tether, the world’s biggest stablecoin. Ether, the second-biggest digital currency, tanked to as low as $1,789 per coin. That marks the first time bitcoin has sunk below the $27,000 level since Dec. 30, 2020. That’s a risky gamble, not least because bitcoin is itself an incredibly volatile asset.

Bitcoin and other cryptocurrencies continue their slump into this week. Fears of more volatility continue as millions are wiped off in a day.

Terra's LUNA was in for a rude shock as it fell 96 percent and dropped from the list of top 10 crypto coins to 81st. However, whether the cryptocurrency can hold its valuation at this level is also doubtful after the Bureau of Labor Statistics announced that consumer prices for April were at 8.3 percent. Last week, Bitcoin and other cryptocurrencies were staring at a sudden crash after the U.S. Federal Reserve announced a tightening of its monetary policy.

Bitcoin plunged and the world's largest stablecoin, tether, briefly edged down from its $1 peg, adding to fears of more turbulence in the cryptocurrency market. Cryptocurrencies have been hit by two forces this week. On one side, concerns that ...

- Opinion: President Costanza Takes On Inflation You may cancel your subscription at anytime by calling Customer Service. On the other, the decoupling of TerraUSD, a stablecoin whose value was tied to $1, has sent ripples through digital assets.

The cryptocurrency market continued to hemorrhage money Thursday, with the most popular coins down double-digit percentages over the past 24 hours.

But if you’re looking to pick up some cheap crypto, it’s probably a good idea to at least wait to see what happens with Tether in the coming days and weeks. And that’s exactly the kind of volatility that you already have with cryptocurrencies and doesn’t help people looking for a safe haven asset that can more easily be used to convert to fiat. First and foremost, look for exchanges to suddenly stop letting people from withdrawing money in the name of “scheduled maintenance,” something Binance U.S. already announced overnight would be happening this morning from 6:00 a.m. ET until 9:30 a.m. ET. The culprit for the crypto bloodbath was a chain reaction that started over the weekend when Terra’s stablecoin, TerraUSD, which is theoretically supposed to stay at $1, became “depegged” and started trading below a dollar. Tether, the most popular stablecoin in the world, also depegged for the first time early Thursday, dipping to $0.95 on major exchanges before recovering slightly to $0.98 as of this writing. And absolutely no one knows when things will bottom out, with many people worried the entire market of fake digital money could go to zero as the stablecoin Tether officially traded below $1 for the first time ever early Thursday.

The $1 trillion cryptocurrency meltdown intensified amid an “industry-based panic” today as bitcoin sank to levels not seen since the retail investor frenzy ...

Bitcoin dropped below the $27000 level as a recent sell-off in the cryptocurrency space continues. The price of bitcoin was last down 8.76% to $26848.20 as ...

Analysts have called $30,000 a key level for the largest cryptocurrency by market cap, and said it could fall even further if it can’t hold there. Generally that’s created a lot of fear in the market.” This time last week bitcoin touched a recent high of $40,000 but quickly reversed the next day and has been steadily hitting new lows since.

Amid a collapse in many cryptocurrency prices this week, fans of the Washington Nationals might have spotted an odd tweet from the baseball team's account.

“Prices had to come back down to earth, and it happened,” said Abraham Chaibi, co-founder of crypto trading firm Dexterity Capital. “This is not an existential crisis for crypto by any means.” The crypto crash has not spurred a groundswell of new momentum for creating clearer federal rules for the assets. The announcement drew criticism from the Labor Department and a pair of Democratic senators — Elizabeth Warren (Mass.) and Tina Smith (Minn.) — who wrote the company asking it to address the “significant risks of fraud, theft and loss” associated with the assets. Warren said this week’s meltdown in crypto prices underlines the danger for retirees. “There was a big drop in 2014, and then in 2018, there was a ‘crypto winter,’ and many smaller episodes in between. The NBA, for example, has bet big on it, with the Warriors, Mavericks and Heat all making splashy deals with crypto companies — a potential optics issue as all three teams play postseason games this week. The plunge in crypto prices tracks a broader move by investors to dump risky assets, such as tech stocks, as the Federal Reserve hikes interest rates to battle inflation. “After several years of missing out on the profits, many in traditional finance have just recently committed to getting involved in digital asset markets. In total, an estimated 40 percent of bitcoin holders are underwater on the asset, according to a new analysis from crypto analytics firm Glassnode. The exchange reported that its active monthly users dropped to 9.2 million in the first quarter of this year, down from 11.4 million in the previous quarter. It does not use algorithms the way UST does; the latter is an unorthodox method that essentially relies on trades instead of assets to back it up, which may be responsible for its plummet. Coinbase, the largest U.S.-based crypto trading platform, posted a first-quarter loss of $430 million on Tuesday as its stock continued a slide that has it down 79 percent this year.

That includes conventional stocks and bonds, which have spent most of 2022 in the red. But fad assets such as cryptocurrencies, non-fungible tokens (NFTs), ...

An NFT of the first tweet posted by Twitter co-founder Jack Dorsey (it read: “just setting up my twttr”) was sold to a Malaysian business executive for $2.9 million in March 2021. That meant that buying into GameStop was a way for the little guy to put it to the Man. Someone has parodied the NFT market by purporting to sell NFTs of images of individual Olive Garden restaurants, but it’s the kind of parody that gets at the essential truth of the target. “But the bottom line is, people are investing because they think there’ll be some greater fool to pay more than they paid.” The firms are happy to do so and collect fees in the meantime. That’s according to Morgan Stanley, which calculates that all the gains made by day-traders since the start of 2020 have now been extinguished. In January, TV host Jimmy Fallon and celebutante Paris Hilton jointly hyped their NFTs on Fallon’s “The Tonight Show.” The market has now crashed. The index of 37 meme stocks compiled by Bloomberg has reached a record low in the last few days, down 63% from its peak in January 2021. GameStop became the emblematic “meme stock,” meaning that it was pumped up by online stock pickers with a story to tell. The downdraft has reduced some of the stars of the recent fads nearly to persona-non-grata status. That includes conventional stocks and bonds, which have spent most of 2022 in the red. Some of the carnage reflects factors in the overall markets.

A brutal selloff in cryptocurrencies has seen some $600 billion wiped off the market value of digital assets in a week.

The recent flight from risky assets is persisting with cryptocurrencies seeing a deep, broad-based sell-off because of investor turmoil over global economic ...

The tech-heavy Nasdaq - which has lost more than 25% of its value this year - was down by a further 1% in a broad-based sell-off. London's premier index ended the day 1.6% lower. The prospect of such tightening in the months to come has also sent the dollar to 20-year highs - with the pound at a two-year low below $1.22 - but it has also raised fears that the US economy will suffer as borrowing costs go up.