42.5K BTC reportedly moved from Luna Foundation Guard wallet as UST peg crumbles
The Bitcoin price plunged below $31,000 on Monday, marking a new low for the year. Altcoins also sold off sharply. Go to Source Powered by WPeMatico
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Bitcoin price falls to $31K as traders prepare for a ‘rocky’ road and more downside
BTC price hits a 2022 low as on-chain data points toward capitulation by traders adopting a risk-off approach to crypto and stocks. Go to Source Powered by WPeMatico
Deribit and OKX attract significant traffic from China despite a blanket ban: report
Recent geographical traffic data highlights that Chinese traders continue to access centralized exchanges despite a regulatory risk. Go to Source Powered by WPeMatico
Bitcoin’s rocky road to becoming a risk-off asset: analysts investigate
Bitcoin has long been known as a “store of value,” but is the world’s largest cryptocurrency transitioning to becoming a risk-off asset in 2022? Go to Source Powered by WPeMatico
Fed hikes interest rates by 50 basis points in effort to combat inflation
The May Federal Open Market Committee policy meeting concluded with the largest single rate hike in over two decades. Go to Source Powered by WPeMatico
Fed FOMC comments and Bitcoin ‘bear channel’ could kickstart a decline to $28K
Crypto market weakness continues into May as analysts suggest that deteriorating sentiment could lead Bitcoin price to re-test $28,000. Go to Source Powered by WPeMatico
Bitcoin halving analysis hints at $24K bottom before the end of 2022
Traders say BTC’s current price action aligns with the Bitcoin halving model, leading some analysts to expect a $24,000 bottom before the end of the year. Go to Source Powered by WPeMatico
“DeFi is not decentralized at all,” says former Blockstream executive
Samson Mow, former chief strategy officer at Blockstream, is convinced that DeFi protocols can’t compete with Bitcoin as monetary networks due to their lack of decentralization. Go to Source Powered by WPeMatico
Cashing out Bitcoin to save a dog’s life from cancer is ‘the moon for us’
A Redditor from the United States cashed in on all of their Bitcoin to pay for their dog, Derby’s cancer treatment. Go to Source Powered by WPeMatico
Home sweet hodl: How a Bitcoiner used BTC to buy his mom a house
The story of the 28-year-old engineer who took a loan out against his Bitcoin to pay for his mom’s house. Go to Source Powered by WPeMatico