Day: June 15, 2022

Federal Reserve’s Plans to Hike Interest Rates Spooks Traders into Selling Crypto – Blockchain News, Opinion, TV and Jobs

Bitcoin is crashing again, temporarily plunging it to below $20,200 earlier today, as spooked traders have frantically been selling off the cryptocurrency before the US Federal Reserve is expected to do something it hasn’t done in 28 years — increase interest rates by three-quarters of a percentage point. In response to soaring inflation and volatile financial markets, the central bank will hike the rate that banks charge each other for overnight borrowing to a range of 1.5%-1.75%. BTC and ETH has fallen to trade just above $20,000 and $1,000, respectively, as…

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Bitcoin bounces 8% from lows amid warning BTC price bottom ‘shouldn’t be like that’

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Bitcoin (BTC) spared hodlers the pain of losing $20,000 on June 15 after BTC/USD came dangerously close to last cycle’s high. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin “bottom” fools nobody Data from Cointelegraph Markets Pro and TradingView showed BTC/USD surging higher after reaching $20,079 on Bitstamp. In a pause from its sell-off, the pair followed United States equities higher on the Wall Street open, hitting $21,700. The S&P 500 gained 1.4% after the opening bell, while the Nasdaq Composite Index managed 1.6%. The renewed market strength, commentators said, was…

Crypto Exchange Billium Launches Revolutionary Copy Trading Platform

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A Dubai-based crypto exchange is launching a revolutionary Copy Trading platform. Copy Trading is a mutually beneficial relationship for both amateur and professional traders. The platform will allow new traders to copy and trade like professionals are bringing even more innovation to the space. When it comes to trading, having the right information is always the difference between making a profit and a loss. With Billium, amateur traders are assured of always getting real-time updates from their preferred professional traders. Not only does Billium plan to shake up the Copy…

Will Bitcoin Fall to $13,800? — What an 80% Drawdown Will Look Like From Here – Markets and Prices Bitcoin News

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On Monday, June 15, 2022, the price of bitcoin tapped a low not seen since mid-December 2020 as the price hit $20,080 per unit. A large number of crypto supporters are debating whether or not the drop is the market’s bottom or if the fall could lead to deeper losses. At the time of writing, bitcoin is 70% down from the $69K all-time high (ATH) but traditionally, bitcoin is known to drop around 80% or more from ATHs recorded in the past. Will Bitcoin Slide More Than 80% Down This…

Chainlink integrates with Moonbeam to provide price data to Polkadot developers

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Decentralized oracle network Chainlink (LINK) has integrated its service called Chainlink Price Feeds to Moonbeam, a smart contract parachain on Polkadot (DOT), to provide data to developers in the platform.  In a release sent to Cointelegraph, Chainlink’s team noted that going live on Moonbeam will allow those who build within the platform to access price information that’s compiled and aggregated from many different exchanges. This allows decentralized finance (DeFi) developers to bring price accuracy to their decentralized applications (DApps). Moonbeam founder Derek Yoo mentioned that access to off-chain asset prices…

The crypto industry must do more to promote encryption, says Meltem Demirors

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“I like to call myself a future, or aspiring, cult leader,” Meltem Demirors, chief strategy officer of CoinShares — a publicly listed investment firm managing around $5 billion in assets — told Cointelegraph.  Demirors, who first entered the Bitcoin (BTC) space in late 2012, further mentioned that it has been “fun to see how big the crypto sector has become,” noting that people from all walks of life are now interested in the cryptocurrency space. As such, Demirors explained that “crypto cults” are bringing people together in a positive manner,…

Bitcoin Slides Toward $20K in Record Losing Streak as Fed, ECB Meet

“Concerns around a sharp tightening of monetary policy are weighing on financial markets and are trickling down into cryptocurrencies through their influence on large institutional investors,” Alex Kuptsikevich, an FxPro senior market analyst, said in an email to CoinDesk. “It is not surprising that bitcoin and ether are dragging the entire cryptocurrency market down in such an environment.” Source

Bitcoin cae a $20.000 en medio de riesgos de efecto cascada entre mercados cripto

El informe de Índice de Precios al Consumidor (IPC) de EE. UU. de mayo mostró que la inflación en la mayor economía del mundo alcanzó el 8,6% interanual, 0,3 puntos porcentuales más que el nivel esperado de 8,3%. Los datos llevaron a los mercados globales a la baja a principios de esta semana, ya que los inversores asumieron la llegada de los aumentos en las tasas de interés, a medida que la Reserva Federal (Fed) intenta controlar los precios. Source