Bitcoin Cryptocurrency News

The Fed is likely to raise rates by 25 basis points on Wednesday, the first hike since 2018.

Bitcoin Breakout Elusive as Traders Price in 7 Fed Rate Hikes For 2022 CoinDesk

After seven weeks of consecutive inflows, digital asset investment products saw $110 million worth of net outflows last week. What Happened: In the latest edition of its Digital Asset Fund Flows Weekly Report, CoinShares found that $80 million worth of outflows were from North America alone. CoinShares believes these outflows may have been a response to the U.S. Presidential Executive Order on digital assets. Bitcoin (CRYPTO: BTC ) investment products saw $69.6 million in outflows for the week, while Ethereum (CRYPTO: ETH ) recorded a $50.6 million outflow. Overall, the two leading crypto assets … Full story available on Benzinga.com

Scaramucci, who is a Bitcoin bull, also said that Bitcoin will be adopted as legal tender in several Latin American countries.

BTC price action is stubbornly sticking to a zone which has seen more on-chain volume than any other in Bitcoin''s history.

By Medha Singh (Reuters) – Bitcoin loves flirting with the mainstream. But now, as the U.S. president says he wants to get serious, it may be getting cold crypto feet.

Cryptoverse: Bitcoin''s scared of commitment, Mr Biden Economic Times

Bitcoin loves flirting with the mainstream. But now, as the US president says he wants to get serious, it may be getting cold crypto feet.

Cryptoverse: Bitcoin''s Scared of Commitment, Mr Biden U.S. News & World Report

Cryptoverse: Bitcoin''s scared of commitment, Mr Biden Reuters.com

Although long-term coin selling saw a marked increase last week, HODLing is still the preferred strategy as more of the short-term supply is becoming long-term supply.

Cryptocurrency price latest: Bitcoin falls below $40,000, Ether flat

Prices of Bitcoin, Dogecoin, Ethereum were up by 3-4 per cent after Elon Musk’s tweet. Meanwhile, the US Department of Justice has set up a task force to stop Russians from moving their wealth using cryptos.

Barring the dollar-pegged stable coins, all of the top digital tokens were trading higher. Terra gained more than 6 per cent, followed by a 3 per cent rise in Bitcoin. Avalanche and Dogecoin added 2 per cent each.

The global cryptocurrency market capitalisation rose even as it remained below the $2 trillion mark even at $1.8 trillion