Bitcoin

Tether (USDT) snapped to 97 cents in Asian hours, losing its parity with U.S. dollars at writing time. · Separately, bitcoin (BTC) lost the $27,000 support level ...

Follow all the latest news, analysis and expert price predictions for bitcoin, as well as other leading cryptocurrencies like Ethereum, Solana, and Cardano.

Others warn that holding the $30k level could be critical for bitcoin’s short- to medium-term prospects. The coming hours and days could prove critical as to whether this trend can continue. The crash is continuing. Start your Independent Premium subscription today. There’s a lot of trees, a lot of landmarks, and even a “beautiful lookout in the volcano”. That volcano is going to be used to not only power the city with geothermal energy, but also provide the energy to mine bitcoin. Bitcoin is teetering on the precipice of an abyss, according to some crypto market analysts, with its price hitting its lowest level since July 2021.

Trouble at a major “stablecoin” called TerraUSD, combined with interest rate rise fears, has sparked “extreme fear across the crypto market”

Luna has fallen over 90% since the start of the week. Bitcoin’s decline has broadly mirrored volatility in the US Nasdaq stock market, which is mostly made up of tech companies. “March 2020 was definitely bad, this could rival that. Bitcoin, a barometer for crypto, reached an all-time high price of more than $68,000 in November. TerraUSD, a so-called “stablecoin” meant to be pegged to the value of the US dollar, has dramatically collapsed, sparking panic about the stability of the broader market. There are fears it could fall much further.

The price of ethereum has dropped dramatically amid a major crash in the cryptocurrency market. Ethereum, the second biggest digital coin, was hardest hit ...

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The sell-off in the cryptocurrency world shows no sign of levelling off as Bitcoin fell below the $27000 threshold on Thursday.

Bitcoin fell to its lowest level since January on Monday as slumping equity markets continued to hurt cryptocurrencies, which are currently trading in line with so-called riskier assets like tech stocks. As of Thursday morning, UST was trading at about 62 cents, far below its $1 peg. Meanwhile, the price of Ether shed more than 23 per cent.

Bitcoin plunged to its lowest level since December 2020 as a cryptocurrency selloff gathered steam Thursday. The world's largest cryptocurrency by market ...

- Target:Up to 60% off - Target Promo Code You may cancel your subscription at anytime by calling Customer Service. On the other, the decoupling of TerraUSD, a stablecoin whose value was tied to $1, has sent ripples through digital assets.

Bitcoin retreats to its realized price for the first time since March 2020 as BTC price bounces hard.

USDT/USD traded at 2% below dollar parity at the time of writing. “The USDT peg is restoring already, which is a good sign,” Cointelegraph contributor Michaël van de Poppe wrote in one of many tweets on the day: As the largest stablecoin, Tether ( USDT), saw its United States dollar peg slip, two camps emerged, one accusing Tether of malpractice and another confident that the peg would soon be restored — unlike that of imploded U.S. dollar stablecoin TerraUSD (UST).

The entire cryptocurrency sector is crashing, with bitcoin now well below $30000. This is big, says Dominic Frisby. So just how low could bitcoin go?

This is not the first time this has happened, and it will not be the last. Hundreds of thousands of people have lost money, in some cases fortunes, and the reputational damage to crypto is considerable. There will be a lot of forced sellers out there – leveraged players (those using borrowed money) and so on. Bitcoin remains a product of technical and open-source genius, but forever in its wake, and surrounding it, are disasters, gaffes, frauds and scams. So we are going to see a lot of liquidation. I would have thought that unlikely, but never say never, especially in these markets. It was oil going bananas in 2008, rising to $150 a barrel, which triggered that collapse. (If you’re baffled as to what I’m talking about here, don’t worry, you haven’t missed out and at this stage it’s very much for the best). The yields on staking – over 20% in some cases – were unsustainable and so they have not been sustained. The 90% corrections of previous bull markets were now 50%-60% corrections. $30,000 looked like it was a floor. Peloton, for example, which we wrote about yesterday, is down over 90%.

Bitcoin slumped below $27000 Thursday for the first time in over 16 months, as cryptocurrency markets extended their losses amid fears over rising ...

Digital currency investors often turn to them for safety in times of volatility in the markets. Economists have long feared that tether may not have the required amount of reserves to bolster its dollar peg in the event of mass withdrawals. Adding to investors’ fears Thursday was a drop in the value of tether, the world’s biggest stablecoin. Ether, the second-biggest digital currency, tanked to as low as $1,789 per coin. That marks the first time bitcoin has sunk below the $27,000 level since Dec. 30, 2020. That’s a risky gamble, not least because bitcoin is itself an incredibly volatile asset.

Bitcoin and other cryptocurrencies continue their slump into this week. Fears of more volatility continue as millions are wiped off in a day.

Terra's LUNA was in for a rude shock as it fell 96 percent and dropped from the list of top 10 crypto coins to 81st. However, whether the cryptocurrency can hold its valuation at this level is also doubtful after the Bureau of Labor Statistics announced that consumer prices for April were at 8.3 percent. Last week, Bitcoin and other cryptocurrencies were staring at a sudden crash after the U.S. Federal Reserve announced a tightening of its monetary policy.

The cryptocurrency market continued to hemorrhage money Thursday, with the most popular coins down double-digit percentages over the past 24 hours.

But if you’re looking to pick up some cheap crypto, it’s probably a good idea to at least wait to see what happens with Tether in the coming days and weeks. And that’s exactly the kind of volatility that you already have with cryptocurrencies and doesn’t help people looking for a safe haven asset that can more easily be used to convert to fiat. First and foremost, look for exchanges to suddenly stop letting people from withdrawing money in the name of “scheduled maintenance,” something Binance U.S. already announced overnight would be happening this morning from 6:00 a.m. ET until 9:30 a.m. ET. The culprit for the crypto bloodbath was a chain reaction that started over the weekend when Terra’s stablecoin, TerraUSD, which is theoretically supposed to stay at $1, became “depegged” and started trading below a dollar. Tether, the most popular stablecoin in the world, also depegged for the first time early Thursday, dipping to $0.95 on major exchanges before recovering slightly to $0.98 as of this writing. And absolutely no one knows when things will bottom out, with many people worried the entire market of fake digital money could go to zero as the stablecoin Tether officially traded below $1 for the first time ever early Thursday.

The $1 trillion cryptocurrency meltdown intensified amid an “industry-based panic” today as bitcoin sank to levels not seen since the retail investor frenzy ...

A bad week in the crypto markets continues, with the price of Bitcoin sinking to lows not seen for 16 months. The largest cryptocurrency by market cap is ...

City AM, Crypto AM and Luno always advise you to obtain your own independent financial advice before investing or trading in cryptocurrency. There have been a number of attempts by the board to fix the situation, but is the damage already done? Bitcoin’s market capitalisation at time of writing is $523.82 billion. And, thanks to support from Luno, each Pioneer gets £500 of Bitcoin a month to share with beginners, helping them get started. It’s definitely tempting to get swept up in the excitement, but please heed these words of caution: Do your own research, only invest what you can afford, and make good decisions. UST is different in that it is a so-called algorithmic stablecoin, which primarily uses market mechanics to manage the asset peg by linking UST with its sister coin, LUNA. Crypto AM: Tiptoe through the Crypto with Monty Munford Crypto AM: Contributors Crypto AM: Features Well, now you can! Can Bitcoin shake this image? Other alt coins have performed even worse, with Solana, Cardano and Polkdot all falling more than 30 per cent.

Bitcoin plunged and the world's largest stablecoin, tether, briefly edged down from its $1 peg, adding to fears of more turbulence in the cryptocurrency market. Cryptocurrencies have been hit by two forces this week. On one side, concerns that ...

- Opinion: President Costanza Takes On Inflation You may cancel your subscription at anytime by calling Customer Service. On the other, the decoupling of TerraUSD, a stablecoin whose value was tied to $1, has sent ripples through digital assets.

Bitcoin dropped below the $27000 level as a recent sell-off in the cryptocurrency space continues. The price of bitcoin was last down 8.76% to $26848.20 as ...

Analysts have called $30,000 a key level for the largest cryptocurrency by market cap, and said it could fall even further if it can’t hold there. Generally that’s created a lot of fear in the market.” This time last week bitcoin touched a recent high of $40,000 but quickly reversed the next day and has been steadily hitting new lows since.

Despite a cryptocurrency market downturn marked by the collapse of Terra's $LUNA and its UST stablecoin, institutional investors are banking on the flagship ...

Bank of America's experts expect an ongoing correlation between Bitcoin and equities to persist in the foreseeable future. As per the on-chain analytics firm Glassnode, when BTC was trading at around $33,800, around 60 percent of BTC investors were earning profits and the rest 40 percent had unrealised losses. According to the reports, these falling prices have led to unrealised losses for at least 40 percent of bitcoin investors.

A brutal selloff in cryptocurrencies has seen some $600 billion wiped off the market value of digital assets in a week.

Many major cryptocurrency coins lost a quarter of their value in a matter of hours in a dramatic price crash.

- Dogecoin – $0.077 - Cardano – $0.45 - Solana – $43.50 - XRP – $0.37 - Ethereum – $1,930 - Bitcoin – $28,000

BTC slumps to lowest level since July 2021 as $1.7 trillion wiped from crypto market over last six months.

[as] on-chain metrics remain incredibly bullish, with the percentage of bitcoin that has not moved in a year now at an all-time high.” This price has proved to be a key support during previous downturns, with bitcoin never having fallen below it for any significant period of time since it first rose above it at the start of 2021. El Salvador was recently joined by Central African Republic in adopting bitcoin as a legal form of tender, marking a broader trend of countries introducing laws to encourage the spread of cryptocurrency use. Reasons for these crashes can range from pandemics to nationwide crackdowns on cryptocurrencies, though more recently they have appeared to line up with movements of traditional markets. The obituaries typically coincide with major price corrections, which are then usually followed up by even more major price rallies. But whichever way it goes from here in the short term, history suggests that it will not be down forever.