Tag: btc

Bitcoin touches $29K! Why BTC is unaffected by regulatory pressure

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In this week’s episode of Market Talks, Cointelegraph welcomes Brent Xu, founder and CEO of Umee — a decentralized finance hub built on the Cosmos SDK that offers tools for macro-level borrowing and lending applications. Before founding Umee, Xu led strategy at Tendermint while setting the strategic roadmap and partnerships for the Cosmos Ecosystem. We start things off with our main topic for today: Bitcoin (BTC) touched $29,000, a new high for 2023, despite recent United States regulatory crackdowns on crypto firms and related uncertainty. This could also suggest the crypto market…

Elon Musk slams ‘heavy-handed’ Fed as ex-BitMEX CEO sees $1M BTC price

The United States Federal Reserve has been “too heavy-handed” in taming inflation, said pro-Bitcoin (BTC) Tesla and Twitter CEO Elon Musk. In a Twitter debate on March 29, Musk directly criticized U.S. macroeconomic policy, including “excess government spending.” Musk: Fed policy is a “serious issue” Bitcoin and crypto markets remain extremely sensitive to Fed cues on interest rate policy. Despite inflation gradually coming down, the Fed has continued to hike rates even as banks feel the pressure and several collapses. For Musk, this is already a case of going too…

BTC Rises to $29,000 for First Time Since Last June – Market Updates Bitcoin News

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Bitcoin rose above $29,000 on Thursday, as price moved to its strongest point since last June. The surge came despite some consolidation in cryptocurrency markets, ahead of the upcoming U.S. GDP report. Ethereum was also higher, as it continued to trade above $1,800. Bitcoin Bitcoin (BTC) moved to its highest point in nine months, despite cryptocurrencies mostly consolidating ahead of the upcoming U.S. GDP report. Following a low of $28,155.83 on Wednesday, BTC/USD raced to an intraday peak of $29,159.90 earlier in the session. As a result of this surge…

Bitcoin spikes above $29K as ‘fakeout’ fuels BTC price strength doubts

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Bitcoin (BTC) set new nine-month highs overnight on March 30 as traders continued to stay cautious. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “Deviation” takes BTC price closer to $30,0 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD spiking to $29,170 on Bitstamp. A rejection entered almost immediately, sending the pair back to its starting point and causing already suspicious market participants to call a “fakeout.” #Bitcoin – What a lovely fakeout. This is why you don’t chase green candles pic.twitter.com/oJzrMoRi20 — IncomeSharks (@IncomeSharks) March 30, 2023 “Nothing has…

Bitcoin BTC Price Rises Over $28.3K Despite Binance Legal Woes

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Bitcoin (BTC) has added almost 72% to $28,500 this year, its best quarterly gain in two years, CoinDesk data shows. Arca Chief Investment Officer Jeff Dorman weighed in. Plus, Binance’s on-chain balance remains high, despite U.S. regulators charging Binance for violating U.S. federal law this past week. Braden Perry, Kennyhertz Perry partner and former CFTC senior trial lawyer, shared his views on the future of crypto regulation. And, Journey’s Chief Metaverse Officer Cathy Hackl reacted to Metaverse Fashion Week. Original

Mysterious entity may be collecting BTC users’ IP addresses — Bitcoin developer

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An unknown person or group may be collecting the IP addresses of Bitcoin (BTC) users and linking them to their BTC addresses, violating the privacy of these users, according to a blog post from pseudonymous Bitcoin app developer 0xB10C. The entity has been active since March 2018, and its IP addresses have shown up on several public posts from Bitcoin node operators over the past several years. 0xB10C is the developer of several Bitcoin analytics websites, including Mempool.observer and Transactionfee.info. They have also been awarded a Bitcoin developer grant from…

Price analysis 3/29: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC

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Bitcoin and select altcoins are close to breaking out of their overhead resistance levels, indicating that bulls remain in control of the crypto market. Bitcoin (BTC) is up about 71% in Q1 2023, which is the first positive quarter after four consecutive quarters of negative returns in 2023, according to data from Coinglass. This shows that the sentiment has turned positive and the bulls are trying to put a bottom in Bitcoin. When the undercurrent is bullish, negative news results in shallow corrections. That is what happened after the United…

Bitcoin (BTC) Dominance Hits Highest Level in 9 Months

BTC dominance has been on a steady climb in the last few weeks. Bitcoin (BTC) price has surpassed the $28,000 level, marking an increase of 5.70% over the past 24 hours. Interestingly,  this comes as most other altcoins appear to be trading flat in the same period. For what it’s worth, the surge in price may be directly linked to new reports that Silicon Valley Bank (SVB) will resume operations today. That is after news that the recently-troubled bank has been acquired by North Carolina-based financial institution First Citizens Bank…

BTC Back Above $28,000, Following US Consumer Confidence Report – Market Updates Bitcoin News

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Bitcoin surged higher on Wednesday, as markets reacted strongly to better-than-expected consumer confidence figures in the United States. Data from the Conference Board showed that its monthly survey rose to a reading 104.2, better than the 101 sum expected. Ethereum also climbed, moving above $1,800. Bitcoin Bitcoin (BTC) once again moved above the $28,000 level on Wednesday, as markets reacted to the latest consumer confidence report in the United States. The increase in confidence is seen by some as validating the Federal Reserve’s recent decision to marginally hike rates. Following…

Bitcoin (BTC) climbs to $28k as traders shrug off regulatory crackdown

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Bitcoin is up 50% so far in 2023, beating major commodities and stock indexes. Industry insiders said the bank collapses have sent investors looking for alternatives to the traditional banking system and there is also anticipation of a slowdown in interest rate rises, which is helping bitcoin. Filip Radwanski | Sopa Images | Lightrocket | Getty Images Bitcoin climbed sharply Wednesday as investors shrugged off initial fears surrounding U.S. regulators’ crackdowns on industry giants and became willing to take some risk. The world’s largest cryptocurrency surged 5% in the past…