El Salvador is buying 500 bitcoins while the cryptocurrency sell-off continues

El Salvador President Nayib Bukele gesticulated during his speech at the closing ceremony of the Latin Bitcoin Conference (LaBitConf) on Mizata Beach, El Salvador, where he announced “Bitcoin City” on November 20, 2021. Marvin Recinos | AFP | Getty Images El Salvador has just added another $ 15.5 million worth of bitcoin to its balance … Read more

El Salvador is buying 500 bitcoins while the cryptocurrency sell-off continues

El Salvador President Nayib Bukele gesticulated during his speech at the closing ceremony of the Latin Bitcoin Conference (LaBitConf) on Mizata Beach, El Salvador, where he announced “Bitcoin City” on November 20, 2021. Marvin Recinos | AFP | Getty Images El Salvador has just added another $ 15.5 million worth of bitcoin to its balance … Read more

Bitcoin briefly fell below $ 30,000, falling more than 56% from its highest level of all time

Bitcoin fell below $ 30,000 late Monday, breaking a symbolic price threshold. At the lowest price, the world’s most popular cryptocurrency was more than 12% lower that day – and more than 56% lower than the record price in November of about $ 69,000. It later recovered from some of those losses and traded at … Read more

Wall Street is getting hit as fears about China’s economy grow

Shares fell on Monday amid concerns about the Chinese economy slowing and rising interest rates to curb inflation. The S&P 500 reached its lowest point of the year and recorded its fifth weekly loss in a row. Everything from bitcoin to crude oil has been beaten in American, European and Asian markets. Shares deepened their … Read more

40% of bitcoin investors underwater: Glassnode data

Bitcoin fell nearly 55% from its peak in November, and 40% of owners are now under water for their investments, according to new data from Glassnode. That percentage is even higher when you isolate for short-term owners who got skin in the game in the last six months when the price of bitcoin peaked at … Read more

Bitcoin prices are falling along with stocks

New York CNN Business – So much for bitcoin being digital gold. The world’s most valuable cryptocurrency fell 10 percent on Monday after falling again over the weekend. Bitcoin prices have now fallen by almost 20% in the past week. Priced at just under $ 31,000, bitcoin is more than 50% below its record high … Read more

Bitcoin is approaching $ 32,000 as cryptocurrencies are hit alongside Nasdaq stocks

Bitcoin fell below a key psychological level of $ 33,000 on Monday, just days after it touched $ 40,000 in a rally spurred by the Fed last Wednesday. The price of bitcoin last fell about 5% to $ 32,843.01, according to Coin Metrics. Earlier in the day, it fell to $ 32,650.25, the weakest amount … Read more

What is terraUSD (UST) and how does it affect bitcoin?

Pedestrians pass by the Bitcoin cryptocurrency exhibition on February 15, 2022 in Hong Kong, China. Anthony Kwan | Getty Images The multibillion-dollar bet that bitcoin can act as a “reserve currency” for the crypto economy is already being tested as the UST, a controversial stable coin, struggles to maintain its $ 1 bond. The UST … Read more

The price of Bitcoin must avoid falling below this level or the BTC could collapse to $ 20,000

The action of bitcoin prices remains distinctly bearish. Critical levels of support must be maintained or the BTC will face a major collapse. Potential upwards remains a possibility, but the bulls must show conviction. The Bitcoin price action closed the candlestick on Friday with the lowest daily closing since January 24, 2022. Continued sales pressure … Read more

What Bitcoin could be worth to Fidelity. You will be surprised.

Text size Fidelity’s breakthrough into Bitcoin is causing controversy, but could be lucrative for the company. Dreamstime.com Fidelity Investments shocked the retirement industry last month with its move Bitcoin available in 401 (k) plans. Add up the income you could bring and it will be less of a surprise. Fidelity is the largest administrator in … Read more