Bitcoin has experienced its most challenging month since the collapse of Sam Bankman-Fried’s FTX empire, as the excitement surrounding US spot Bitcoin ETFs continues to wane. The cryptocurrency’s value plummeted by nearly 16% in April, only slightly better than the decline witnessed in November 2022, according to data accumulated by Bloomberg. The surge in demand fueled by...
Bitcoin’s (BTC) recent price trajectory has fueled speculation and uncertainty, particularly as the cryptocurrency struggles amidst a three-day losing streak. Currently hovering around $57,280, with an intraday low of $56,750, Bitcoin’s performance in the market remains lackluster. This decline coincides with broader market movements, with the global crypto market cap slumping by 6.4%, standing at...
The Bitcoin (BTC) price is consolidating in the mid-$57,000s, down roughly 5% on the day, though up around 1.5% or $1,000 from earlier session lows as traders weigh the outlook for Fed rate cuts this year in wake of the latest policy announcement from the US central bank. As anticipated, the Fed left interest rates...
During the Asian session, Bitcoin (BTC/USD) trades at $57,520, reflecting a 1.25% decrease. This movement is positioned below the pivotal $59,328 mark and suggests a cautious, bearish outlook for the cryptocurrency. This price prediction hinges on key resistance and support levels that could dictate Bitcoin price prediction. Tax Fraud Allegations Against Roger Ver, Formerly Known...
Analysts at cryptocurrency exchange Bitfinex predict the price of Bitcoin could consolidate for up to two months post-halving. The latest edition of the Bitfinex Alpha market report released on April 29 noted that Bitcoin could continue to be the price action benchmark for the crypto market in May and the leading indicator for the entire...
As the meme coin market shows signs of revival, Bitcoin also displayed robust market activity, trading at approximately $59,140 with a 24-hour trading volume of about $35 billion. The cryptocurrency has increased by around 3.25% in the last day, mirroring the gains seen in the recovering meme coin market. With its market capitalization holding steady...
The FBI arrested New York resident Idin Dalpour for defrauding investors of $43 million in a multi-year Ponzi scheme that included a Las Vegas hospitality business and crypto trading operation. On May 1st, the Federal Bureau of Investigation (FBI), alongside a New York court, charged Dalpour. According to a press release from the Manhattan District...
US Senator and highly vocal crypto critic, Elizabeth Warren, has claimed that Iranian crypto miners have terrorist ties including Hamas. In an open letter dated May 1, Sen. Warren and Sen. Angus King Jr. have together warned that this “ongoing activity by the Iranian government threatens our national security.” The lawmakers have called the Biden...
In April 2024, Web3 saw a loss of over $53 million to hackers across 21 incidents, a 46% decrease when compared with the previous period, found the latest report by the crypto-focused bug bounty platform Immunefi. To be more precise, $53,074,827 was lost to hacks and frauds this past month. Notably, in April 2023, this...
As the market shows tentative signs of revival ahead of US nonfarm payroll, the Bitcoin price recently halted its downward trend and surged past the $59,000 mark, reaching an intraday high of nearly $59,992. This movement comes amidst a broader uptick in the cryptocurrency market, where peers like Ethereum, Dogecoin, Ripple, Solana, and Litecoin also...