Page 22 - Cryptocurrency

Bitcoin breaches $20,000 for first time since 2020 amid monetary tightening

"Surging recession fears are crippling appetite for risky assets and that has crypto traders remaining cautious about buying Bitcoin at these lows," said Edward Moya

Crypto's excruciating week has traders bracing for the next crisis

In between, a nascent technocratic industry with grand ambitions to reinvent the financial system was rocked repeatedly by echoes of past crises in the old system

Bill Gates blasts cryptocurrencies, NFTs as based on 'greater-fool' theory

Bitcoin plunged more than 15% Monday and another 5.4% Tuesday, part of a broader crypto selloff fueled by higher than forecast US inflation

Bitcoin sinks to fresh 18-month low of $20,079 as crypto meltdown deepens

The value of the global crypto market has tumbled 70% to under $900 billion from a peak of $2.97 trillion in November, CoinMarketCap data shows

'Get-rich-quick' days over for crypto investors post relentless sell-off

Global and domestic prices have been on a downward trail since November last year when Bitcoin prices hit a peak of close to $68,000 in international markets

Top headlines: Govt approves 5G spectrum auction; May trade deficit widens

Business Standard brings you the top headlines on Wednesday

Crypto update: Bitcoin's unrelenting selloff puts prices on verge of $20k

A market that started sliding late last year on expectations of tighter monetary policy is now showing signs of widespread panic

Crypto exchange Binance opens 2,000 positions for hiring, says CEO

This is in sharp contrast to a slew of job cuts by companies operating in the digital currency space

Coinbase lays off 18% of workforce; firm entering recession, says CEO

Leading crypto exchange Coinbase has announced that it is laying off 18 per cent of its workforce, or about 1,100 jobs amid the economic downturn

MicroStrategy can withstand bitcoin volatility: CEO amid margin call fears

MicroStrategy CEO Michael Saylor said the software firm was capable of withstanding volatility in bitcoin prices after the token slumped to levels that triggered fears of possible liquidation

Crypto exchange Coinbase to cut 1,100 jobs amid turmoil in crypto markets

The layoffs come a day after Bitcoin fell as much as 14% after major US cryptocurrency lending company Celsius Network froze withdrawals and transfers

Bitcoin hovers near MicroStrategy's 'margin call' price of $21,000

By Tom Westbrook

El Salvador's bitcoin holdings value slashed in half by crypto sell-off

The 10 purchases announced by President Nayib Bukele via Twitter have a market value of just over $51 mn, with the biggest single trade - 420 coins at more than $59,000 per coin - down almost 63%

Bitcoin stems heavy losses but pessimism reigns in crypto markets

Bitcoin clawed its way to positive territory after falling as much as 7.3% to $20,816, its lowest since Dec 2020

Wall St slips into bear market amid war, inflation: Here's what that means

Wall Street opened the week with heavy losses that put the benchmark S&P 500 at a level considered to be a so-called bear market.

Cryptoverse: The funds making moolah from the messy markets amid inflation

The crypto market's a hot mess, leaving many investors struggling to turn a buck

BlockFi, Crypto.com lay off hundreds as global crypto market crashes

Crypto trading and lending exchanges BlockFi and crypto.com have laid off hundreds of employees after the global crypto market was battered owing to a "dramatic shift" in macro-economic conditions

Bitcoin falls to record-low of $21,000 over worrying inflation data

Top cryptocurrency Bitcoin (BTC) further nosedived to around $21,000 per coin on Tuesday, a level it saw some five years ago

US Stocks extend selloff on rate hike woes

Bitcoin dips 17% to below $23,000; Celsius freezes all withdrawals

Crypto market cap falls below $1 trn for first time since early 2021