Bitcoin fell below $20,000 over the weekend – and continues to move below that level today – following a “hawkish” speech by US Federal Reserve (Fed) Chairman Jerome Powell on Friday, in which warned that interest rates would continue to rise in order to rein in inflation. Bitcoin fell about 8% after Powell’s remarks on […]
Tag: Bitcoin
Cryptocurrencies: Bitcoin Falls Below $20,000 For First Time Since July 14
Cryptocurrencies moved in line with global markets and retreated after Jerome Powell warned against premature policy easing, with Bitcoin dipping below the lows of the narrow range it has been trading in for the past two weeks. Bitcoin lost as much as 3.4% to $19,947.32 on Saturday at 14:40 Singapore time, falling below $20,000 for […]
Powell also ‘throws’ cryptocurrencies
Cryptocurrencies are following the decline in international markets and are taking losses after US Federal Reserve (Fed) Chairman Jerome Powell warned against premature easing of monetary policy, with Bitcoin hovering just above $20,000. “Powell’s admission that there will be pain before there is relief is hawkish,” said Josh Olszewicz, head of research at digital asset […]
Despite Bitcoin’s 68% Losses, Analyst Predicts ‘Warm Winter’
Bitcoin may have more than halved from record levels, but “there’s a lot more to it,” said Edith Jung, general partner at Race Capital, declaring a “crypto winter” and heralding a “warm winter.” “In a way, the ‘warm winter’ will essentially push away everyone who really [θÎλουν] to be there for short-term gain,” the bullish […]
Bitcoin Sudden Sell-off – At 3+ Week Low, Below $22,000
Bitcoin fell to its lowest levels in more than three weeks, below $22,000, amid a sudden sell-off in cryptocurrencies that began in the European market. Bitcoin was “sinking” from $22,738 to below $21,352 after 9pm on Friday (Greece time), according to data from CoinDesk. Earlier in the morning, the most well-known cryptocurrency was trading between […]
It has surpassed Ethereum’s rally since June by 100%, triple that of Bitcoin
Since the June bottom, ethereum has massively outperformed bitcoin as investors anticipate a major upgrade to its blockchain protocol. Specifically, on June 19, bitcoin hit a local low of $17,601 and has since rallied by about 31%, according to CoinDesk data. On the same day ether also hit a low of $880.93, but its value […]
Chainalysis: Cryptocurrency hacking spree explodes in seven months
Hacker attacks in the cryptocurrency sector not only continue but are also on the rise, further hurting the beleaguered industry that has seen its market capitalization drop by more than 50% this year. In particular, the hacker loot in the first seven months of 2022 amounted to $1.9 billion, up 60% compared to the corresponding […]
Chainalysis: Cryptocurrency Hacker Rush Soars In Seven Months – $1.9B Lost
Hacker attacks in the cryptocurrency sector not only continue but are also on the rise, further hurting the beleaguered industry that has seen its market capitalization drop by more than 50% this year. In particular, the hacker loot in the first seven months of 2022 amounted to $1.9 billion, up 60% compared to the corresponding […]
Cryptocurrencies: Bitcoin Hits $25,000 For First Time Since June 13
Bitcoin briefly broke above $25,000 for the first time since mid-June as the cryptocurrency’s rally continued from lows on expected US inflation data and progress towards Ethereum’s big upgrade. As Bloomberg reports, the largest cryptocurrency rose as much as 2.2% on Sunday to $25,031, its highest level since June 13. It is currently trading at […]
What we learned from the cryptocurrency meltdown about the value of money
Her Jemma Green If you grew up with a Christian education that often had an ambivalent relationship with money, you will have learned that money, on the day of judgment, is worthless. Virtue is presented as something worthy, as something that will get you through the gates of heaven, but money alone represents nothing. When […]