Bitcoin price

Bitcoin's price fell 7.73 per cent or $25296.10. The largest cryptocurrency by market capitalization has been hovering around $30000 for a month.

Bitcoin, Ethereum, and most cryptocurrencies suffered losses over the weekend after a broad sell-off following the data showing US inflation hitting a 40-year high. XRP fell over 6 per cent, Cardano was down over 10 per cent, Solana fell over 12 per cent, Stellar fell over 8 per cent, Polkadot was down by over 9 per cent. Central banks of several countries have raised key interest rates.

Bitcoin plunged to the lowest in about 18 months in Asia trading Monday as the impact of Friday's shock US inflation data continued to reverberate through ...

The MVIS CryptoCompare Digital Assets 100 Index, which measures 100 of the top tokens, dropped as much as 17%. And the total market value, which topped $3 trillion in November, dropped below $1 trillion as of 10:54 a.m. New York time on Monday, according to CoinGecko. Bitcoin plunged to the lowest in about 18 months after the freezing of withdrawals by the Celsius lending platform added to concern that systemic risk in the crypto ecosystem will accelerate the digital-asset market meltdown. The world’s largest digital token tumbled as much as 17% to $22,603 -- its lowest since December 2020.

Cryptocurrency market falls below $1 trillion, as crypto lender Celsius pauses operations.

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Cryptocurrency prices are plunging again amid ongoing inflation and after Celcius, a crypto lending platform, paused withdrawals and transfers.

I have USDC in my account that I want to use to repay my loan that has a margin call right now, but I can't even repay the damn loan because of the transfer freeze. Some people on social media are referring to today as “Black Monday.” So where does crypto go from here? - Celsius: This is the wildcard on this list. Crypto investors are seeing red this morning as the entire cryptocurrency market appears to be heading off a cliff. As is completely understandable, Celsius users on Twitter are furious. This reduced consumer spending spooks the markets, which usually causes investors to flee riskier investments.

The bitcoin price has crashed, dragging down ethereum and other major cryptocurrencies. CryptoCodex. The combined cryptocurrency market has dropped below $1 ...

💷 On Thursday, the U.K.'s Bank of England will make its interest rate decision. "We are taking this action today to put Celsius in a better position to honor, over time, its withdrawal obligations," the company said in a blog post, adding it needed time to "stabilize liquidity and operations." Catch up quick: After the dramatic collapse of the terraUSD (UST) stablecoin and its support coin luna last month, crypto traders had been nervously watching the likes of Celsius, fearing similar high-interest accounts could also face difficulties as the bitcoin price continued to crash. 🏦 On Wednesday, the U.S. Federal Reserve will announce its latest interest rate decision with economists widely predicting another 50 basis point hike. Mercury rising: Major crypto lending platform Celsius has suspended all withdrawals from its platform due to what it called "extreme market conditions" as cryptocurrency prices go into free fall and users rush to get their coins off the platform. The issuer of the $72 billion tether stablecoin has this morning distanced itself from Celsius. "While Tether’s USDT a statement. Why it matters: Questions have been raised and rumors are swirling about how connected Celsius is to the wider crypto ecosystem and if the contagion will spread. Markets in the U.S. are set to open sharply lower, following declines in Asian and European stocks. Mere hours before suspending withdrawals, Celsius chief executive Alex Mashinsky hit out at critics on Twitter, denying users were having trouble withdrawing funds and accusing them of spreading FUD—a popular crypto acronym for "fear, uncertainty and doubt." 🗣 Tomorrow, the U.S. Securities and Exchange Commission (SEC) chairman, Gary Gensler, will deliver remarks on the SEC's agenda at an event organized by the Wall Street Journal. Speaking last month, Gensler warned of more pain to come for the crypto market and said he feared "there’s going to be a lot of people hurt." ⚙️ Wall Street giant JPMorgan is gearing up to bring trillions of dollars of tokenized assets into the world of blockchain-based decentralized finance (DeFi) as it looks to tap the yield-generating potential of non-crypto assets "with the scale of institutional assets." Crypto lending platform Celsius' cel cryptocurrency has lost a face-melting 50% over the last 24 hours due to the platform suspending withdrawals, citing "extreme market conditions," sparking fears of an imminent collapse.

One of the world's biggest cryptocurrency lenders has paused all withdrawals as the market meltdown continues apace.

She said her department was due to release a report on the matter. The coin was valued at a little over $18 billion in early May before it crashed, according to data from CoinMarketCap. Tether, a popular stablecoin, broke its peg to the US dollar in May, puncturing the view that it could serve as a hedge against volatility.

Bitcoin tumbles to an 18-month low, with cryptocurrencies selling off as inflation shock scares investors out of riskier assets · The crypto market endured its ...

Treasury Secretary Janet Yellen last week called for tighter regulation of the crypto industry. "Due to extreme market conditions, today we are announcing that Celsius is pausing all withdrawals, Swap, and transfers between accounts. The reading exceeded economist expectations for last month at 8.3% due to the soaring cost of energy and food. Ether, the second-biggest cryptocurrency, tanked 15.8% to trade at $1,234.93, set for its biggest one-day fall in a year, while while cardano and solana plummeted 13% and 16%, respectively. Last month, major tokens including bitcoin and ether endured intense sell-offs as investor anxiety built over the Fed's easing of its ultra-easy policy and a high-profile collapse in algorithmic stablecoin TerraUSD. The crypto market as a whole had lost $500 billion in value as a result of the collapse. Meme coin dogecoin dropped 14%.

Cryptocurrencies are swimming in a sea of red as the market downturn continues. For the first time since January 2021, the global cryptocurrency market cap fell ...

Ether, the second-largest cryptocurrency, is trading below $1,300 at around $1,235, a decline of 74% from its all-time high of $4,878. Altcoins are also plunging. Bitcoin is trading below $24,000, a 65% decline from its all-time high of $69,000 in November. The largest cryptocurrency by market value has tanked for nearly 12 weeks straight, a substantial downturn in the asset’s history.

Prices of cryptocurrency fell after Celsius announced a pause on withdrawals from its DeFi lending platform. Binance has temporarily paused Bitcoin ...

One other area to watch is Bitcoin mining, where CoinTelegraph reports, based on data from Bitdeer and others, that older mining rigs risk shutdown at current prices and mining difficulty. In the midst of these falling crypto prices, the major trading exchange Binance has also paused Bitcoin withdrawals. In the hours that followed the pause, prices of other cryptocurrencies have also tumbled.

The world's most popular crypto asset also took a heavy knock from news that crypto lending platform Celsius Network paused withdrawals, citing volatile ...

"The digital currency dived more than 16 percent to hit $22,603 in afternoon London deals, striking a level last seen in December 2020. "The digital currency dived more than 16 percent to hit $22,603 in afternoon London deals, striking a level last seen in December 2020. In recent years, the crypto sector benefitted from a vast infusion of cash due to easy money policies from the world's biggest central banks. "The worry is that inflation is becoming too hot to handle by central banks who will be forced to douse economies with jets of freezing water, in the form of much steeper interest rate rises, to get it under control," added Streeter. "With the era of cheap money coming rapidly to an end, traders are becoming much more risk averse and turning their backs on crypto assets." "Today we are announcing that Celsius is pausing all withdrawals, swap, and transfers between accounts," the platform said in a statement. 'Severe bruising' - "Bitcoin and ether are continuing to get a severe bruising in the ring," said Hargreaves Lansdown analyst Susannah Streeter. In recent years, the crypto sector benefitted from a vast infusion of cash due to easy money policies from the world's biggest central banks. "The worry is that inflation is becoming too hot to handle by central banks who will be forced to douse economies with jets of freezing water, in the form of much steeper interest rate rises, to get it under control," added Streeter. "With the era of cheap money coming rapidly to an end, traders are becoming much more risk averse and turning their backs on crypto assets." "Today we are announcing that Celsius is pausing all withdrawals, swap, and transfers between accounts," the platform said in a statement. 'Severe bruising' - "Bitcoin and ether are continuing to get a severe bruising in the ring," said Hargreaves Lansdown analyst Susannah Streeter.

Bitcoin and ethereum tanked more than 15% Monday morning amid surging inflation and a shaky stock market. Here's what it means for crypto investors.

Bitcoin has the highest score of all cryptocurrencies, with ethereum close behind — even if there’s a return to prices closer to their all-time highs in late 2021. Reaction: “It is important to understand that bitcoin’s current drawdown in price is largely driven by changes in the macro economy. If you’ve done that, considered the risks, and feel like you’re ready to invest in some crypto, experts generally recommend keeping any crypto investments below 5% of your portfolio and only investing what you’re ultimately comfortable with losing. Reaction: “Bitcoin bears certainly are in ruckus mode, berating the largest crypto the way a schoolyard bully seeks out for tormenting the same easy mark. For the moment, extreme market conditions and fed policy updates are exacerbating the consequences for crypto assets.” The crypto market has been increasingly tracking the stock market, which has been trading in the red recently. Reaction: “I’ve heard a lot of people claim that bitcoin is somehow a unique weapon to protect yourself from inflation. “Economists expected the CPI to rise 8.3% year over year, but the headline inflation level actually came in at 8.6%. Wall Street was groping for a sign that inflation may have peaked. Bitcoin has slid for nearly 12 straight weeks, falling from nearly $49,000 in March to under $23,000. “Crypto hobbles into the week somewhat beholden to the whims of the stock markets, clearly on pins and needles over May inflation numbers — the U.S. Consumer Price Index (CPI) report dropped on Friday,” says Rich Blake, a financial consultant at Uphold, a crypto exchange. Ethereum has followed a similar pattern, going from $3,500 in March to under $1,200. Bitcoin fell below $23,000 and ethereum dropped under $1,200.

As Bitcoin's price plummets, so could its associated energy use and greenhouse gas emissions. It all depends on how electricity costs compare to the ...

So de Vries thinks that the potential energy savings — and the resulting reduction in emissions — could be even larger when taking the plunging prices of other energy-hungry cryptocurrencies into account. Bitcoin is the biggest player in cryptocurrency, so its swinging prices matter most for the environment. A sustained price at around $24K could shrink the Bitcoin network’s global energy use to around 170 TWh annually, according to de Vries. That might sound like an incremental change, but it would add up to a significant drop in electricity use and related greenhouse gas emissions. It’s also why Bitcoin has a lot of people concerned about the greenhouse gas emissions the cryptocurrency generates. It’s still too soon, though, to make concrete predictions on whether Bitcoin’s price plummet will ultimately be beneficial for the environment. Bitcoin’s value has nosedived enough to curb the cryptocurrency’s enormous energy use — and associated greenhouse gas emissions — but only if prices stay low.

Bitwise CIO Matt Hougan says we're seeing a “giant stress test” on the cryptocurrency market. “By and large, most things are passing the test, ...

To him, the real question is “Are there more shoes to drop?” This will continue “until we hit bedrock and the excesses in the market are cleansed from the system,” Hougan said. “The challenge is: We don't yet know with clarity what the downstream effects of Celsius unwinding will be, or if there are other entities facing challenges as well. He wasn't quite the same as when he went there. By and large, most things are passing the test, but not everything.” The $20,000 mark is scary territory.

Crypto analysts warn market may still be 'on verge of breakdown' after suffering third worst crash since 2013.

“As far as support levels, the next few days surely will test digital assets if a faster pace of tightening and more aggressive rate hikes are announced. Other than brief price jumps, bitcoin and other leading cryptocurrencies have been on a downward trajectory since the end of last year. Start your Independent Premium subscription today. The crash is reminiscent of similar market corrections in 2013 and 2017, which saw bitcoin’s value drop by more than 80 per cent. This site is protected by reCAPTCHA and the Google Privacy policy and Terms of service apply. This site is protected by reCAPTCHA and the Google Privacy policy and Terms of service apply.

Another wave of selling hit BTC and sent its price to lows not seen since December 2020. Does on-chain data suggest this dip is worth buying?

The coming days will confirm this theory and proof would be institutions and retail traders stepping in to buy the dip. Bitcoin has now fallen below its realized price, which represents the average price of every coin in supply based on the time it was last spent on-chain. On-chain data shows that not all traders feel devastated about Bitcoin at yearly lows.

Major crypto lending platform Celsius on Monday announced that it was suspending all withdrawals due to “extreme market conditions,” triggering a major ...

Questions have been raised about crypto platforms like Celsius that promise massive yields to their customers after last month’s high-profile collapse of another high-yielding stable coin, Terra, and its companion token, Luna, last month. The Federal Reserve is set to meet later this week, where it is expected to announce a major hike in key interest rates. Crypto investors have been spooked by surprisingly high inflation and an expected interest rate hike by the Federal Reserve later this week. Celsius runs one of the largest crypto lending operations in the world and it managed to raise $750 million in funding last year from the likes of investment firm WestCap and Canadian pension fund manager Caisse de dépôt et placement du Québec. Celsius has also borrowed $500 million from the U.S. dollar-pegged stable coin Tether, down from an originally planned loan of $1 billion. According to the Financial Times, Celsius was also impacted by the overall decline in the cryptocurrency market in the last few months with its overall assets dropping from a value of $24 billion in December 2021 to $11.8 billion last month. The cryptocurrency market witnessed a major selloff on Monday morning with its overall market cap dropping below $1 trillion for the first time in over a year after major crypto lending platform Celsius announced it was suspending all withdrawals due to “extreme market conditions.”

The price of bitcoin and other cryptocurrencies are falling Monday, after the major crypto lender Celsius halted all withdrawals citing "extreme market ...

Those tokens collapsed after huge customer withdrawals forced Terra’s operators to liquidate all of the assets being used to support their currencies. It is the second notable collapse in the cryptocurrency universe in less than two months. These meltdowns have erased tens of billions of dollars of investors’ assets and spurred urgent calls to regulate the freewheeling industry. The collapse of Terra has spurred calls for reform from the cryptocurrency industry, and calls for Congressional regulation. It’s unclear whether Celsius depositors will get all their funds back. Bitcoin was trading at roughly $23,400 Monday afternoon, down more than 16 percent in the past day.

Buyers in fact front-ran the 200 week MA slightly – it varies by crypto exchange but on the Binance BTC/USDT chart for example that moving average line is at ...

So for 7.5 years, the Bitcoin 200 MA has acted as an important historical support line, holding up the Bitcoin price. The 200MA has been a support level for 7 years. There have only been brief wicks below that support level, quickly bought up by buyers.

During the weekend, economist Peter Schiff tweeted that Bitcoin's price was poised to crash to $20,000 and that the entire crypto market cap would fall below ...

The action of large investors converting their small assets to Bitcoin could aid the recovery. Bitcoin is on a sharp downtrend, and with the global market cap falling below $1 trillion, many investors are spooked, and selling pressure could intensify. Short-term traders could use this as a sign to buy Bitcoin at the current dip, depending on the technical data. The consumer price index increased to 8.6% on a year-over-year basis in May, which was below the expectations that it would drop. The cryptocurrency market has been in a bearish state since the beginning of the year. During the weekend, economist Peter Schiff tweeted that Bitcoin’s price was poised to crash to $20,000 and that the entire crypto market cap would fall below $800 billion.

Bitcoin prices have suffered some serious losses lately, dropping to their lowest level in roughly 18 months as risk assets face difficult market conditions ...

“These rising yields on less risky assets means investors don’t take as much risk to get a decent return, resulting in fewer buyers of risk assets. Two consecutive candles have never closed below this line,” Melker specified. “Now is not a time to make guesses, but rather to batten the hatches and ride the storm.” “The next obvious support is around $20,000, the top of the 2017 bull run,” he noted. “There is a bit of support to be found in the 16.5-19.5 area but major support is only coming in around 12-13-k” “Bitcoin has suffered over the last 48 hours of trading post the huge inflation number in the USA,” he stated.

The deepening rout in cryptocurrencies pushed the price of bitcoin down by almost a fifth to its lowest level since 2020, as part of a broader market ...

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The global cryptocurrency market has suffered its worst crash of this year. The total cryptocurrency market cap has fallen below the $1 trillion mark.

Hence, investors shouldn’t allocate more than 5-10% of their savings into the same.(Cryptocurrencies, including Bitcoin, and other virtual digital assets are unregulated in India. They are considered extremely risky for investment. Khaleelulla Baig, co-founder and CEO of Koinbasket, also thinks that the BTC price may fall up to $20,000. “The current market conditions call for caution and investors should execute their investment strategy depending on their risk appetite. “There are chances that BTC may further fall up to $20,000. If sellers are determined, BTC can also fall to US$20,000,” Edul Patel, CEO and Co-founder of crypto investment platform Mudrex said. However, currently the global crypto and financial markets are battered by rising inflation and growing geopolitical uncertainties.

Bitcoin's price slipped below $21000 in the early hours of Tuesday morning, as the cryptocurrency market continues to struggle in the wake of lending site ...

A looming hazard of a ‘crypto winter’, now hangs in the balance.” The value of Celsius’s assets has more than halved since October, when it was handling $26bn (£21bn) of client funds. Wall Street was groping for a sign that inflation may have peaked. The results showed that “while the overall crypto market was quite bearish, managers remained extremely bullish on BTC”, with 42 per cent predicting Bitcoin to be between $75-100,000 by the end of 2022, and a further 35 per cent predicting a price over $50,000 (£41,000). It currently has around $8bn (£6.6bn) lent out to its clients. On Monday, the platform said that it would be “pausing all withdrawals, swap, and transfers between accounts” so that it could be in “a better position to honour, over time, its withdrawal obligations”.

Bitcoin's price on Tuesday fell 13.10 per cent to $22301.50 due to the latest high-profile collapse of a pillar of the cryptocurrency industry.

If sellers are determined, Bitcoin can also fall to US$20,000," Edul Patel, co-Founder and CEO of Mudrex, said. These meltdowns have erased tens of billions of dollars of investors' assets and spurred urgent calls to regulate the freewheeling industry. All you need to know

Bitcoin (BTC) came within $1,000 of its previous cycle all-time highs on June 14 as liquidations mounted across crypto markets. BTC/USD 1-hour candle chart ( ...

As Cointelegraph reported, the pair had already crossed its $1,530 peak from Bitcoin’s previous halving cycle. “We have been expressing concern about the collapse of a significant credit player since the LUNA blowup. “But downside wicking below the 200 MA occurs & perhaps this wicking needs to occur this time to inspire a strong influx of volume.” The worst of the rout was reserved for crypto, however, and with that, BTC/USD lost 22.4% from the start of the week to the time of writing. “BTC has reached the 200-week MA but the volume influx isn’t as strong as in previous Bear Market Bottoms formed at the 200 MA,” he told Twitter followers: Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $20,816, on Bitstamp, its lowest since the week of December 14, 2020.