Bitcoin (BTC) fell under $30,000 on Tuesday as the latest BTC price dip took the largest cryptocurrency below a significant “line in the sand.”

BTC/USD 1-minute candle chart (Bitstamp). Source: TradingView Bitcoin beats May price bottom

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD crashing through $30,000 support, shedding 6% in an hour and . . . → Read More: Bitcoin drops below $30K to 6-month lows: Watch these next price support levels

In a recent interview with Lex Fridman, Charles Hoskinson, the founder of Cardano and co-founder of Ethereum offered his views on Bitcoin. The 33-year-old was less than complimentary, calling it “slow” and in desperate need of an upgrade. Hoskinson also took issue with the recent Bitcoin conference in Miami, comparing the whole thing . . . → Read More: If the peer review system is broken, what the hell is the point of Cardano’s reliance on it?

Amid the ongoing crackdown on cryptocurrency mining in China, prices of graphic cards from major GPU providers like Nvidia and Asus are becoming more affordable. 

According to a Monday report by South China Morning Post (SCMP), prices of some graphic cards have tumbled as much as two-thirds on Chinese e-commerce platforms after Sichuan . . . → Read More: Nvidia GPU prices in China fall amid crypto mining crackdown

El Salvador recently added Bitcoin as legal tender. In barely over a decade, an open-source, cypherpunk, radically new money system, with no publicly known creator and open to participation in both using and building from anyone in the world, has gone from zero value and branded as a tool for criminals to now . . . → Read More: El Salvador adopting Bitcoin could make it lose market dominance

MicroStrategy has bought even more Bitcoin (BTC) despite the current price struggles for the largest crypto by market capitalization.

According to an announcement on Monday, the business intelligence firm purchase 13,005 BTC at an average price of $37,617 for a combined total of about $489 million.

Monday’s report takes MicroStrategy’s Bitcoin balance sheet . . . → Read More: MicroStrategy expands company’s Bitcoin holdings with $489M purchase

Bitcoin (BTC) bulls should look for a cover, at least as far as chart technicals are concerned.

The flagship cryptocurrency continued its price declines into the new weekly session, hitting $32,105 ahead of the London opening bell following an approximately 10% intraday drop. In doing so, it raised the prospect of retesting its quarter-to-date . . . → Read More: Classic bearish chart pattern forms for Bitcoin as BTC price tumbles to $32K

Bitcoin (BTC) could trade at an eye-watering $450,000 by the end of 2021, while $135,000 would be the “worst case scenario.”

That’s according to analyst PlanB, who on June 20 released his latest sentiment-busting bullish BTC price prognosis.

Bitcoin to match all-time high in October

Well known as the creator of the stock-to-flow Bitcoin . . . → Read More: Bitcoin price can hit $450K in 2021, $135K is ‘worst-case scenario’ — PlanB

Bitcoin (BTC) dropped to local lows of $33,750 on June 20 as fears over weak support levels proved to be well founded. 

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD swiftly dropping below $34,000 on Sunday after choppy behavior at the start of the weekend.

A comedown from . . . → Read More: Bitcoin price dips below $34K as day of Grayscale’s giant BTC unlocking draws near

As nonfungible token (NFT) art continues to develop as an industry, a new trend is quickly emerging: physical NFT galleries featuring digital, nonfungible pieces of unique artwork. Most recently, the largest Bitcoin (BTC) event in history — the Bitcoin 2021 conference — featured a peer-to-peer pop-up NFT art gallery with artwork from over 30 . . . → Read More: NFT art galleries: Future of digital artwork or another crypto fad?

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.

Top Stories This Week Hawkish Fed comments push Bitcoin price and stocks lower . . . → Read More: Bitcoin under threat, El Salvador rejected, Mark Cuban stung, McAfee ‘has nothing’: Hodler’s Digest, June 13–19

Bitcoin (BTC) and the wider financial markets faced a new wave of selling on June 18 following comments from James Bullard, the president of the United States Federal Reserve Bank of St. Louis, indicating that he expects the first interest rate increase to happen in late 2022. 

Bullard’s comments were even more hawkish than . . . → Read More: Hawkish Fed comments push Bitcoin price and stocks lower again

On June 18, Bitcoin (BTC) and traditional markets faced another day of downward pressure comments from the United States Federal Reserve about the possibility of raising interest rates sooner than expected has led to a spike in the price of the U.S. dollar at the expense of risk assets and treasury notes. 

The Fed . . . → Read More: Bulls hesitate to buy the dip after Bitcoin price falls close to $35K

Cryptocurrency has gone through a number of bull and bear cycles since the industry’s inception in 2009. While 2017 saw the crypto industry boom around initial coin offerings and a rising Bitcoin (BTC) price, 2020 and 2021 have seen the crypto space expand around decentralized finance (DeFi) and nonfungible tokens (NFTs). This time . . . → Read More: Crypto company CEO says the recent crypto boom brought increased adoption

Goldman Sachs has debuted a Bitcoin (BTC) futures trading product for its client in collaboration with crypto investment giant Galaxy Digital.

According to CNBC, the move marks the first time the Wall Street bank has partnered with a digital asset-based liquidity provider. Galaxy Digital co-president Damien Vanderwilt said the company offered a gateway . . . → Read More: Goldman Sachs to offer Bitcoin futures trading in partnership with Galaxy Digital

Bitcoin (BTC) broke below $37,000 during trading on June 18 in the latest short-term bearish sign for hodlers.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Buyers no match for BTC bears

Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it hit new local lows of $36,540 on Bitstamp. 

After repeatedly testing the $37,000, . . . → Read More: Bitcoin price falls below $37K amid little hope of a definitive weekend bounce

Bitcoin (BTC) is an uncorrelated asset, or so the narrative used to go. For much of Bitcoin’s lifetime, it existed as something of value to a very small group of people. Now, awareness and demand are accelerating rapidly. So, what does this mean for the status of BTC as a supposedly uncorrelated asset? 

That . . . → Read More: Joining the ranks: Bitcoin’s correlation with gold and stocks is growing

China’s crackdown on Bitcoin (BTC) mining may have unintended benefits for BTC price action, one analyst suggests.

In a tweet on June 18, Charles Edwards, CEO of investment firm Capriole, argued that the Chinese miner exodus was already lowering Bitcoin’s potential price floor.

Don’t believe the China FUD

As a shake-up sees Bitcoin hashing . . . → Read More: Chinese Bitcoin mining shakeout may have surprise BTC price consequences — analyst

Banco Bilbao Vizcaya Argentaria (BBVA) — Spain’s second-largest bank — is set to offer Bitcoin (BTC) trading and custody services in Switzerland.

According to a release issued on Friday, BBVA Switzerland will begin Bitcoin trading for all private banking clients interested in crypto assets from June 21.

This initial crypto trading service isonly . . . → Read More: Banking giant BBVA debuts Bitcoin trading and custody for Swiss clients

Bitcoin (BTC) edged closer to $38,000 support on June 17 as comments from the United States Federal Reserve sparked a mass sell-off for gold.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin escapes gold’s fate

Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it bounced at $38,400 during Thursday, failing to regain $39,000 . . . → Read More: Bitcoin slips below $39K as Fed sends gold to 6-week lows

For much of its life, Bitcoin (BTC) has been viewed mainly as a speculative financial instrument, but El Salvador’s dramatic move in making BTC a legal tender is a reminder that cryptocurrencies can play a role in uplifting the world’s less-well-off citizens.

Two surprising facts emerged on the global stage at the start . . . → Read More: An asset for all classes: What to expect from Bitcoin as a legal tender

Ric Edelman, founder of financial advisory outfit Edelman Financial Engines, described Bitcoin (BTC) and crypto assets as a “completely new and different asset class” that has nothing in common with mainstream staples like stocks, bonds, real estate, oil, or commodities, to mention a few.

Speaking to Yahoo Finance on Wednesday, the financial adviser . . . → Read More: Bitcoin first ‘genuinely new asset class’ in 150 years, says Ric Edelman

The United States’ National Republican Congressional Committee — the body responsible for coordinating Republican electoral efforts — is introducing donations in cryptocurrencies like Bitcoin (BTC).

The NRCC announced Wednesday on Twitter that the committee will begin accepting crypto donations for election campaigns, sending its fundraising efforts “to the moon.”

https://t.co/aIisNV5BiD pic.twitter.com/F9ktKFfHAq

. . . → Read More: US Republican Party’s election arm to accept cryptocurrency donations

There’s never a dull day when it comes to crypto as was exemplified recently when the digital asset market dipped by around 50%, eventually taking the total capitalization from its all-time high of $2.5 trillion to around $1.7 trillion. 

As was expected, in the wake of all this turbulence, Michael Saylor-led business intelligence . . . → Read More: Bullish all the way? MicroStrategy doubles down on its Bitcoin bet

Bitcoin (BTC) wobbled around $40,000 as investors waited for the United States Federal Reserve to release its new set of economic projections on Wednesday.

The market’s focus shifted to two important questions: Will United States central bank officials signal their intentions to raise interest rates in 2023 instead of 2024? And how much do . . . → Read More: Looming ‘death cross’ may put Bitcoin bull run in danger ahead of Fed meeting

Twitter CEO and crypto proponent Jack Dorsey has highlighted the efforts of a lobby group pushing the Ethiopian government to embrace Bitcoin (BTC).

In a Wednesday tweet, Dorsey shared a Twitter thread from Project Mano, an Ethiopian-based lobbying group that is trying to get the government to consider mining and storing Bitcoin.

. . . → Read More: Jack Dorsey notes lobbying efforts to get Ethiopian gov’t to embrace Bitcoin

Bitcoin (BTC) investors continue to hodl BTC at $40,000, even if they bought it at lower levels earlier in 2021.

In the latest edition of its newsletter, “The Week On-Chain,” on Monday, on-chain monitoring resource Glassnode revealed that buyers from the first months of this year’s bull market are refusing to cash out.

“Very young” . . . → Read More: New Bitcoin bull market hodlers are refusing to sell at $40K, data suggests

The token prices of Shiba Inu (SHIB) and Chiliz (CHZ) jumped 33% and 26%, respectively, on Wednesday, following the announcement of the pair’s listing on Coinbase Pro.

Inbound transfers for Shiba Inu and Chiliz were announced alongside Keep Network (KEEP) by Coinbase Pro on Tuesday. Trading is set to begin on Thursday, assuming . . . → Read More: Shiba Inu and Chiliz jump 33% and 26% on Coinbase Pro listings

When Tesla CEO Elon Musk revealed his company’s Bitcoin (BTC) exposure and announced the launch of crypto payments, BTC took off to reach its all-time high. Shortly thereafter, however, Musk started tweeting about concerns over BTC’s environmental impact and Tesla reversing its crypto payments policy, leading to Bitcoin losing half of its value . . . → Read More: Crypto’s fraught relationship with Elon Musk: Ambassador or liability?

A Russian State Duma member has blasted the central bank’s tough stance on the cryptocurrency industry for ignoring the growing demand for crypto in the country.

Fedot Tumusov, a member of the “A Just Russia” party representing the Siberian region of Yakutsk, has criticized the Bank of Russia’s approach to regulating the crypto . . . → Read More: Russian central bank ‘short-sighted’ regarding crypto, lawmaker says

A new survey of 100 chief financial officers at hedge funds worldwide has indicated that the sector is planning a significant increase in its exposure to crypto assets in the near term.

The survey, conducted by Intertrust, suggests that if the respondents’ forecasts were broadly mirrored across the sector, assets in crypto held . . . → Read More: Within five years, US hedge funds expect to hold 10.6% of assets in crypto

Bitcoin (BTC) has already hit its price bottom, one of the industry’s top executives believes as BTC price action stays above $40,000.

In a tweet on Monda, Jurrien Timmer, director of global macro at U.S. multinational financial services corporation Fidelity Investments, called time on any further Bitcoin price dips.

Bitcoin bulls increase confidence

BTC/USD maintained . . . → Read More: Bitcoin price bottom is in, says Fidelity exec as crypto market exits ‘extreme fear’

Despite Bitcoin (BTC) and the wider cryptocurrency market experiencing one of its worst crashes in recent memory, investors are apparently more bullish than ever regarding the future fortunes of Bitcoin and a host of altcoins.

That’s according to the results of a Q2 retail investment survey conducted by crypto firm Voyager Digital, . . . → Read More: Bitcoin investors more bullish than ever despite 50% price crash: Survey

Bitcoin (BTC) passed $40,000 on June 14 as a consolidation period snapped to unleash a solid breakout.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price breaks out past $40,000

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining 3% in under an hour, reaching $40,600 on Bitstamp.

The largest cryptocurrency capitalized on the . . . → Read More: Bitcoin price hits $40K as Paul Tudor Jones slams Fed inflation claims

Institutional Bitcoin (BTC) investors are in the spotlight as an upcoming major cashout date sparks talk of fresh price volatility.

As noted by popular Twitter commentator Loomdart and others this week, attention is focusing on buyers and sellers of the Grayscale Bitcoin Trust (GBTC) as Bitcoin hovers near $40,000.

July means BTC price volatility . . . → Read More: Bitcoin sell pressure may hit zero in July thanks to Grayscale’s giant 16K BTC unlocking

A run-up toward $40,000 in the Bitcoin (BTC) market risked exhaustion as Chicago Mercantile Exchange’s futures opened on Monday with a gap of $1,575, the first since May 17.

In retrospect, the downside risks heightened due to Bitcoin’s recent bearish pullbacks near the $40,000 level. Atop that, the said CME gap formed between Friday’s . . . → Read More: Bull trap fears engulf Bitcoin market as BTC paints CME gap below $40K

South Africa’s financial regulators are laying the groundwork for the “phased and structured” regulation of cryptocurrencies. The move presents a reversal of the largely hands-off approach taken for the past seven years and has been driven by increasingly high levels of retail interest in crypto in the country.

In a position paper published . . . → Read More: South Africa to revise national policy position on cryptocurrency

The United States’ largest cryptocurrency exchange, Coinbase, is reportedly setting up its first office in New York. The Nasdaq-listed cryptocurrency exchange has allegedly subleased 30,000 square feet from Steven Cohen’s investment firm Point72 at Related Companies’ 55 Hudson Yards in New York, the New York Post reported on Sunday.

Citing sources from a real estate . . . → Read More: Coinbase is reportedly looking to set up office in New York

It’s fun to talk about nonfungible tokens, or NFTs, because they are the perfect example of how the impact of blockchain technology in people’s lives goes way beyond the financial market. As we could see in hundreds of headlines in the past few months, they have gripped the world’s attention because they are a . . . → Read More: How the NFT market leveraged blockchain tech for explosive growth

From QR code payments to mobile banking apps, consumers worldwide are increasingly reliant on digital payment solutions, especially as mobile technology becomes more ubiquitous. Government-led efforts in driving cashless economies have been a key factor, with countries such as Singapore or the Philippines seeing their central banks driving the adoption of contactless payments . . . → Read More: Crypto is the next step toward a cashless society

Bitcoin (BTC) is still below a key moving average and that is “not a bullish sign,” says a new report, but signs of a rebound have finally arrived.

In its latest market update released on June 11, trading suite Decentrader highlighted three on-chain indicators calling for an imminent bullish continuation for BTC/USD.

Indicators echo . . . → Read More: Bitcoin price could hit $85K in months as indicators flip bullish — report

Decentralized finance came to life with the inception of Ethereum in 2013. However, it truly hit the ground running in 2016–2017 with the backing of Ethereum developers and some entrepreneurs and experts in the financial investment sphere. To get our facts right and clear all misconceptions, DeFi encapsulates a variety of financial applications . . . → Read More: DeFi will bring global revolution to the traditional finance space

Bitcoin’s (BTC) succession of sharp corrections from its all-time high at $64,900 has turned investor sentiment negative, at least for the short-term. While some analysts believe the bottom may have been hit, others are warning of a further fall due to the “Death Cross” pattern that, at the time of writing, is on the . . . → Read More: Here’s how Bitcoin’s impending death cross could be a contrarian buy signal

This year, stocks like the movie theater chain AMC Entertainment and video game retailer GameStop (GME) have been the vehicle for individual retail traders to show their dissent against the so-called “free market.” 

Starting in late January and driven by sentiment from Reddit communities such as r/Wallstreetbets, these meme stocks have seen enormous . . . → Read More: GME and AMC stock surge may impact crypto meme coins, BTC not so much?

Bitcoin (BTC) can still hit an average price of $288,000 in the next three years, confident analyst PlanB has said after BTC/USD shed 7% on June 12.

In a tweet on Saturday, the creator of the popular stock-to-flow Bitcoin price models cast aside doubts over the Bitcoin bull run continuing.

PlanB: Business as . . . → Read More: $288K BTC price ‘still in play’ says PlanB as Bloomberg champions Bitcoin halving

This is Part Four of a multipart series that aims to answer the following question: What is the “fundamental value” of Bitcoin? Part One is about the value of scarcity, Part Two — the market moves in bubbles, Part Three — the rate of adoption, and Part Four — the hash rate and the . . . → Read More: Forecasting Bitcoin price using quantitative models, Part 4

The Taproot upgrade has achieved the first significant milestone on the road to activation as 90% of the Bitcoin (BTC) mining hash rate signaled for the protocol improvement within the current difficulty epoch.

Data from Taproot.watch, a webpage created by Bitcoin developer Hampus Sjöberg, shows the lock-in stage is now completed.

All recognized mining . . . → Read More: Bitcoin Taproot upgrade finally locked-in, activation set for November

The cryptocurrency space and wider economic community continue to laud a historic move by El Salvador to recognize Bitcoin as legal tender. The Central American country has become the first in the world to do so, and the move has also spurred a handful of other Central and South American countries to begin . . . → Read More: Adopting the Bitcoin standard? El Salvador writes itself into history books

The pandemic has changed society forever — and in many cases, not for the better. But when historians look back in a few decades, will they see this period as a turning point in the transition from an economy dominated by corporations to a new crowdsourced model where participants are incentivized with tokens . . . → Read More: We’ve passed peak corporation already — Michael Anderson, Framework Ventures

Billionaire hedge fund manager Alan Howard continues backing the cryptocurrency industry with fresh investment in two digital asset startups.

The co-founder of major asset manager Brevan Howard led a $25-million extension raise for London-based crypto services firm Copper.co. The company announced Friday that the new investment follows a $50-million Series B funding round . . . → Read More: Hedge fund manager Alan Howard invests in two crypto startups

Bitcoin (BTC) traded in a higher range on Friday, with analysts keen to see which critical levels would fall next.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin escapes fresh losses… for now

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD retaining $35,000 support overnight on Thursday while so far staying clear of $40,000.

. . . → Read More: Bitcoin traders eye ‘crucial’ $38K level as BTC price action consolidates higher

While El Salvador adopts Bitcoin as legal tender, one Dutch official blasted the cryptocurrency, calling for an urgent blanket ban.

Pieter Hasekamp, director of the Dutch Bureau for Economic Analysis under the Ministry of Economic Affairs and Climate Policy, published an essay entitled “The Netherlands must ban bitcoin.”

In line with the essay’s title, Hasekamp lists . . . → Read More: Dutch official calls for complete ban on Bitcoin

Benoît Cœuré, Bitcoin (BTC) critic and the head of the innovation hub at the Bank of International Settlements, called El Salvador’s historic move to make BTC legal tender in the country an “interesting experiment.”

According to Reuters, Cœuré made this assertion during the launch of the BIS’s fourth innovation hub in England on . . . → Read More: El Salvador’s Bitcoin adoption an ‘interesting experiment,’ says BIS exec

The Basel Committee on Banking Supervision (BCBS), a global committee of banking supervisors and central banks, has proposed new requirements for banks that want to hold cryptocurrencies like Bitcoin (BTC).

In a consultation paper published Thursday, the committee provided preliminary proposals for the prudential treatment of crypto exposure by banks.

The paper built on . . . → Read More: Bitcoin part of highest risk category in Basel’s new bank capital plan

Dubbed as “the largest Bitcoin event in history,” Bitcoin 2021 consisted of 12,000 attendees from across the globe. Undoubtedly, Bitcoin (BTC) adoption is growing at an impressive rate. Yet judging by the attendance at Bitcoin 2021, men still appear to be the primary audience for Bitcoin. 

While the lines to the bathroom made it . . . → Read More: The female speakers who made an impact at Bitcoin2021 in Miami

Bitcoin (BTC) logged its best daily performance on Wednesday since Feb. 8, the day Tesla announced that it had added $1.5 billion worth of BTC to its balance sheet.

The flagship cryptocurrency surged 11.98% to $37,573 after El Salvador President Nayib Bukele passed legislation that approved it as a legal tender. In short, the . . . → Read More: New report: El Salvador Bitcoin pump failed to attract smart money, for now

Institutional investors have been showing a stronger appetite for a carbon-neutral Bitcoin (BTC) investment solution by One River Digital Asset Management.

One River Digital, a crypto-focused hedge fund offering exposure to Bitcoin and Ether (ETH), announced Wednesday that an “overwhelming majority of assets” in its institutional Bitcoin fund have chosen to switch to . . . → Read More: One River Digital sees spike in demand for carbon neutral Bitcoin

The tide may have finally turned for cryptocurrencies in India as reports indicate a softer stance by the government toward crypto.

According to a report by The New Indian Express on Thursday, the government’s hostile stance toward Bitcoin (BTC) appears to be shifting toward more common-sense regulatory policies for cryptocurrencies.

According to inside . . . → Read More: India to reportedly ditch Bitcoin ban agenda in favor of asset classification

Bitcoin (BTC) is “more likely” to hit $40,000 than $20,000, Bloomberg argues, as the largest cryptocurrency gains 6% in a day.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView McGlone eyes “enduring bull market bottom”

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reclaiming the $35,000 mark amid new bullish forecasts from analysts.

In a tweet . . . → Read More: Bitcoin price gains 6% as Bloomberg analyst favors $40K over $20K next

Software firm MicroStrategy saw $1.6 billion worth of orders in a recent junk bond offering — four times the initially sought amount.

Earlier this week, the company announced it would issue $400 million worth of junk bonds in a private offering, with a view to using the proceeds to purchase Bitcoin (BTC). 

Junk bonds are . . . → Read More: MicroStrategy gets $1.6 billion in orders in junk bond offering

United Kingdom-based fund manager Ruffer liquidated its $600-million Bitcoin (BTC) bet after growing nervous about the speculative frenzy in the cryptocurrency market, including huge rallies in meme-based tokens such as Dogecoin (DOGE).

The fund, which manages roughly $34 billion for wealthy clients and charities, started selling its cryptocurrency stash in December 2020, when the . . . → Read More: Dogecoin frenzy forces UK fund manager to offload $1.1-billion Bitcoin stash

China’s stance toward decentralized cryptocurrency trading appears to be getting even tougher. Chinese journalist Colin Wu and crypto news site 8BTCNews have both claimed that as of Wednesday, search results for some of the world’s leading cryptocurrency exchanges are pulling up zero results.

Cointelegraph’s staff in China have themselves searched for cryptocurrency exchanges on the . . . → Read More: Chinese search engines block results for top crypto exchanges

The cost of using the Bitcoin and Ethereum blockchains is on the rapid decline, as evidenced by a 93%–95% reduction in average transaction fees over the past couple of months.

Fees are paid to the miners who process transactions on a typical proof-of-work blockchain. The size of the fee depends on the size of the . . . → Read More: Bitcoin and Ethereum transaction fees sink 95% from all-time highs

When the United States first began going after crypto companies for violating its economic sanctions rules, it didn’t exactly start with a bang.

In December, the Treasury Department’s Office of Foreign Assets Control (OFAC) announced a settlement with crypto wallet provider BitGo after the Palo Alto firm failed to prevent persons apparently located . . . → Read More: Rogue states dodge economic sanctions, but is crypto in the wrong?

Bitcoin (BTC) is heading for “absolute carnage” that will result in a trip to around $25,000, a popular trader has warned as bullish signals disappear for BTC/USD.

In characteristically direct tweets this week, Twitter user Cobra Crypto warned that 20% is about to be shaved off the entire cryptocurrency market capitalization.

Crypto to see . . . → Read More: Bitcoin will dip to $25K if this trader’s 20% crypto crash forecast comes true

Cryptocurrencies might be anathema for certain members of United States President Joe Biden’s administration, but that has not stopped one staffer from owning a small fortune in Bitcoin (BTC).

According to a report by Politico on Monday, Tim Wu, special assistant for technology and competition policy to the president at the National Economic . . . → Read More: Tim Wu, the ‘father of net neutrality’ reportedly owns over $1M in Bitcoin

Earlier this week, a Bank of America survey found that American hedge fund managers favor Bitcoin (BTC) over tech, but a Goldman Sachs poll with chief investment officers in Asia tells a different story.

Goldman Sach Global Investment Research published a new survey polling 25 chief investment officers from different hedge funds in Asia. . . . → Read More: Asian hedge fund managers favor growth over Bitcoin: Goldman Sachs survey

Many years ago, I ran hedge funds on Wall Street. With a long pause for philanthropic and government work, I eventually found my way to blockchain, and now, I spend my days writing about decentralized finance versus centralized finance. Some of my old Wall Street friends still run a lot of money in hedge . . . → Read More: No, Bitcoin is not ‘technobabble’

Bitcoin (BTC) hodlers who want to earn BTC tax-free will get help to stay in El Salvador, the country’s president has said.

In a tweet on Monday, President Nayib Bukele said that his government would “help” settle foreign workers.

El Salvador: “We’ll help with this”

The announcement is one of many that continue . . . → Read More: Bitcoin users will get help relocating and working in El Salvador: President

Emerging markets appear to be punching above their weight when it comes to Bitcoin (BTC) investment, offering further evidence of growing worldwide adoption, according to a new report from cryptocurrency analytics firm Chainalysis. 

A geographic analysis of realized Bitcoin gains revealed that investors in the United States generated $4.1 billion in returns last year, . . . → Read More: Small countries are punching above their weight in terms of Bitcoin gains

Bitcoin (BTC) bulls should brace for a potential onslaught from bears as the number of margined short positions on Bitfinex jumps by a little over 378%.

Known to most by the ticker BTCUSD Shorts, the dataset records the number of bearish positions in the Bitcoin market. In simple terms, traders borrow funds from Bitfinex . . . → Read More: Bears batter Bitcoin market sentiment as Bitfinex margin shorts surge 378%

European digital asset manager CoinShares is expanding the reach of its physically backed exchange-traded product (ETP) portfolio with a new listing in Germany.

According to an announcement on Monday, CoinShares Physical Bitcoin (BTC), Ether (ETH) and Litecoin (LTC) ETPs have cross-listed on major German exchange Deutsche Boerse Xetra.

The digital asset manager started . . . → Read More: CoinShares lists physically backed crypto ETPs on German exchange

Bitcoin (BTC) is facing difficulty breaching the $40,000 mark again after briefly crossing it on May 26. The cryptocurrency is currently exchanging hands at around the $36,000 mark, which is a 44% drop from its all-time high of $64,889 on April 14. Among others, a key difference between macroeconomic conditions affecting the cryptocurrency market . . . → Read More: GBTC premium stays negative, suggests Bitcoin price sentiment still low?

Square Inc., a crypto-friendly mobile payments company, is planning to invest $5 million in a solar-powered Bitcoin (BTC) mining facility for Blockstream Mining, offering further insight into Jack Dorsey’s continued support for blockchain infrastructure. 

Chris Cook, Blockstream’s chief information officer, announced the collaborative partnership on Saturday, where he outlined plans to build the . . . → Read More: Jack Dorsey’s Square Inc. to invest $5M in Blockstream Bitcoin mining facility

Some of crypto’s most influential people headlined the second day of Bitcoin 2021 Miami, offering words of wisdom about the future of decentralization, property rightsand financial inclusion.

Day 2 began with a panel discussion centered around Bitcoin’s macro landscape, where Morgan Creek Digital founder Mark Yusko drew attention to the destruction of the . . . → Read More: Bitcoin 2021: Here’s a live update of the biggest movers and shakers of Day 2

Elon Musk is definitely interested in digital currency, but it seems that he doesn’t want to understand it. At least, I worry that he doesn’t have a deep enough understanding of Bitcoin (BTC) and decentralized systems in general.

A decentralized system has to be secure, and proof-of-work (PoW) is the solution for Bitcoin . . . → Read More: No, Musk, don’t blame Bitcoin for dirty energy — The problem lies deeper

Bitcoin came to life in 2009. More than a decade later, the present day looks back on an enormous amount of development that has built a surrounding industry, complete with other blockchains, assets and solutions. Some folks knew about Bitcoin (BTC) in its early years, while others have jumped on the train in . . . → Read More: These Bitcoin tweets were way ahead of their time

Overconfident Bitcoin (BTC) bulls would need to battle more than just Elon Musk as a price prediction model — created by technical analyst pioneer Richard Wyckoff more than 100 years ago — also goes against their wild upside predictions.

Dubbed as Wyckoff Method, the model involves a five-phase approach to determine price trends that . . . → Read More: Bitcoin drops below $36K as century-old financial model predicts big BTC crash

Bitcoin 2021 Miami continues following Friday’s massive opening of the historic event.

The events kick off at 9:00 am Eastern Time (1:00 pm UTC) with opening remarks by a Miami-Dade County commissioner. Cointelegraph will continue posting Bitcoin 2021 updates on Twitter as well as the YouTube channel.

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One of the key speakers for . . . → Read More: Bitcoin 2021 Miami continues with Tony Hawk, Kevin O’Leary and more

Challenges stimulate progress. Technology, pretty much like life itself, cannot be static. Only dynamics stimulate positive changes. Amid the collapse of the cryptocurrency market in mid-May, many retail and institutional investors began to lose faith in the bright future of cryptocurrencies in general and Bitcoin (BTC) in particular. Corporations and institutions, whales, and . . . → Read More: A new decade rising: 2021 has brought crypto to unparalleled heights

At the bustling Bitcoin 2021 conference in Miami, Congressman Warren Davidson, alongside United States Senator Cynthia Lummis, sat down to field interview questions. The interview took a turn toward privacy, with Davidson responding with comments on crypto wallets. 

“At the end of the year, if you think about it, Secretary Mnuchin was talking . . . → Read More: US Congressman expresses importance of crypto wallet privacy

Sberbank and VTB, the two biggest banks in Russia, are not willing to move into the cryptocurrency market in the near future as their CEOs believe that crypto is either too risky or fake money.

Sberbank CEO Herman Gref said that cryptocurrencies like Bitcoin (BTC) are probably the riskiest type of investment alongside . . . → Read More: CEOs of top Russian banks Sberbank and VTB blast Bitcoin

Bitcoin 2021, the biggest Bitcoin event in history with a sold-out crowd of at least 12,000 attendees in Miami, is kicking off with some of the world’s biggest industry players.

The conference will be one of the largest crypto gatherings to emerge following the COVID-19 pandemic, with organizers expecting more than 50,000 attendees. . . . → Read More: ‘Largest Bitcoin event in history’ Bitcoin 2021 kicks off in Miami

Elon Musk’s tendency to sway the crypto space with devil-may-care tweets was on display again on Friday, as numerous coins lost between 10–18% in the wake of Musk’s latest Bitcoin (BTC) meme.

The Tesla CEO’s tweet which showed a Bitcoin sign next to a broken heart emoji could have been interpreted as . . . → Read More: When will Elon Musk’s influence on Bitcoin end?