Bitcoin Crypto News and Headlines
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March 23, 2:27 pm
| | Did Bitcoin Mark a Local Top? Here's the Level to Watch: BTC Price Analy...
Bitcoin's impulsive rally seems to have temporarily halted, and the price will likely enter a correction phase before the next leg up. Overall, Bitcoin is facing significant resistance at the $30K level, which hasn't been tested yet.
Technical Analysis
By Shayan
The Daily Chart
After forming a pullback to the 61.8% level of the Fibonacci entrancement level at $19.6K, the price initiated a massive rally with a current high above $28K. However, the bulls couldn't reach the significant resistance region of $30K.
This price area also acts as a psychological resistance zone, as many traders believe that once the price surpasses the $30K level, the bear market will be officially terminated. Nevertheless, a clear divergence between the price and the RSI indicator can be identified, potentially leading to a short-term correction or consolidation stage.
The 4-Hour Chart
The impulsive bullish rally is more evident on the 4-hour timeframe. However, recent price action indicates that the bullish momentum has decreased, and the price is likely to enter a short-term consolidation or correction phase.
Bitcoin could retest two major support levels in this scenario: the $25K significant support level and the price zone between the 0.5 and 61.8 Fib retracement levels, roughly at $24.4K and $23K.
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March 23, 2:30 am
| | Texas Lawmaker Launches Resolution to Protect Bitcoin Investors, Support...
A legislative proposal has been introduced to support the bitcoin economy in the U.S. state of Texas. 'The individuals who own bitcoin should be protected” under the Texas Constitution, the proposal describes. 'No citizen of Texas shall ever be deprived of their right to own bitcoin and that all bitcoin owners will be protected as they enjoy ...
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March 23, 1:00 am
| | Bitcoin Supercycle May Be Happening, Says Commodity Strategist Mike McGl...
Bloomberg Intelligence senior commodity strategist Mike McGlone has explained that a supercycle may be happening in bitcoin, noting that the cryptocurrency is beating gold by almost 10 times so far this year. The strategist added that if past trends hold, bitcoin's volatility is more likely to recover compared to commodities when the crypto 'heads...
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March 22, 8:11 pm
| | White House Blasts Bitcoin for Having 'No Fundamental Value,' Praises CB...
The Council fo Economic Advisors showed outright disregard for the purported benefits of Bitcoin and other cryptocurrencies in the President’s Economic Report released on Tuesday.
The report claimed that cryptocurrencies lack fundamental value, and also do not “act as effective alternatives to money.”
Crypto: Expectations VS...
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March 22, 6:22 pm
| | Fed Hikes Interest Rates By 25 Points, Prompting Bitcoin Volatility
Despite fears surrounding the US banking sector, the Fed has followed through on its plans to quell inflation with an interest rate hike of 25 basis points on Wednesday.
The decision notably affected the price of Bitcoin, which pumped $300 within 5 minutes of the announcement.
Bitcoin started the day trading at $28,216, before rising to $28,417 ah...
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March 22, 4:03 pm
| | Magic Eden Launches Bitcoin NFT Marketplace
Multi-chain non-fungible token (NFT) marketplace Magic Eden has launched a 'fully audited' marketplace on the Bitcoin network as interest in Ordinal NFTs continues to grow.
In a press release, Magic Eden said it released the marketplace in honor of Bitcoin's culture. Riding on the 'lightning pace of adoption' that followed the launch of the Ordinal...
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March 22, 1:21 pm
| | Former Coinbase CTO Balaji Srinivasan's $1M Bitcoin Gambit Sparks Hyperi...
Former Coinbase CTO Balaji Srinivasan wagered that Bitcoin would reach $1 million in around 90 days or a 3,600% gain within the next three months, backing his prediction on the rapid devaluing of the US dollar during the same period.
The bold bet has received significant traction, but some of the most prominent voices of crypto made it clear that t...
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March 22, 9:35 am
| | XRP, ADA Explode by Double Digits, Bitcoin Stable at $28K: Market Watch
Ahead of today's FOMC meeting, bitcoin has added a few hundred dollars and has pumped to just over $28,000.
Several altcoins have posted significant gains, with XRP, ADA, ALGO, and XLM leading the race.
BTC Back at $28K
With everything that has been going on with the US banking system, namely the collapse of some of the largest organizations within...
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March 22, 6:30 am
| | Crypto Exchange Bitzlato Restores User Access to Half of Bitcoin Balance...
Bitzlato users can now partially withdraw their bitcoin funds from the dismantled cryptocurrency exchange, according to a media report. The Russia-linked trading platform was targeted by Western law enforcement and had its France-based server infrastructure seized in January.Bitzlato Customers Allowed to Withdraw Up to 50% of Their Bitcoin at the E...
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March 21, 10:00 pm
| | Magic Eden Launches Bitcoin Ordinal Inscription Market, Partners With Hi...
On Monday, the non-fungible token (NFT) marketplace Magic Eden announced the launch of Bitcoin Ordinal inscription support. Magic Eden said it has partnered with the wallets Hiro and Xverse to 'bring a familiar wallet transaction experience to the marketplace.'Magic Eden's Decision to Launch on Bitcoin Without Royalty Support and Compete With Emerg...
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March 21, 4:00 pm
| | Bitcoin Network Preps for Another Difficulty Spike as Hashrate Remains S...
Following the last two difficulty increases on the Bitcoin network, another rise in difficulty is expected to take place on March 24, 2023. Statistics show that Bitcoin's hashrate has remained high despite the last two adjustments, and block times have been faster than the ten-minute average.Bitcoin Difficulty Expected to Rise Following the Past Tw...
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March 21, 9:45 am
| | Bitcoin Slips Below $28K Ahead of This Week's FOMC Meeting: Market Watch
Bitcoin failed to continue upwards after tapping $28,500 yesterday and has slipped below $28,000 ahead of arguably the most anticipated FOMC meeting in a while.
The altcoins have suffered even more, with DOT, MATIC, SOL, and others dumping by up to 7-8% in a day.
BTC Retraces Before FOMC Meeting
Ever since the banking issues worsened in the US and ...
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March 20, 7:40 pm
| | Bitcoin is Back Into Early Bull Market Territory: Glassnode
As Bitcoin returns to a 9-month high above $28,000, a growing number of on-chain signs show the asset may be entering an early bull market.
On Monday, blockchain analytics firm Glassnode said the Bitcoin market “appears to be shifting gears” amid turmoil within the traditional banking system.
Reclaiming Momentum
According to...
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March 20, 5:54 pm
| | Here is What 2023 Holds for Bitcoin, According to BitMEX
The cryptocurrency exchange BitMEX outlined some possible scenarios that could unfold in the coming months for the cryptocurrency industry.
It believes the Federal Reserve will most probably cease its interest rate hikes by the end of the year, triggering a flow of funds into global capital markets and risk-off assets. Cryptocurrencies, such as bit...
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March 20, 3:58 pm
| | Goldman Sachs Acknowledged Bitcoin as the Best Performer in 2023
One of the leading American banks - Goldman Sachs - highlighted bitcoin as the best-performing asset since the start of the new year.
The primary cryptocurrency surpasses Nasdaq 100, gold, S&P 500, and other investment assets and sectors.
The bank said bitcoin's potential had outpaced that of traditional assets, precious metals, and ot...
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March 20, 1:40 pm
| | Bitcoin Fear and Greed Index Spikes to 16-Month High as BTC Exceeds $28K
The Fear and Greed Index - a metric that shows the overall sentiment toward bitcoin - currently points at 66, the highest level since November 2021.
One factor behind the investors' predominantly bullish perspective could be the impressive price performance of the primary cryptocurrency, which has been up nearly 30% for the past week.
Greed Among I...
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March 20, 9:53 am
| | Solana Skyrockets 8% Daily, Bitcoin Taps New 9-Month High: Market Watch
The latest developments in the European banking sector pushed bitcoin north once again, with the asset surging past $28,500 for the first time since June 2022.
A few altcoins have marked notable gains as well, with Solana leading the race.
Bitcoin's New Local Peak
Bitcoin finished one of its best weeks in a while after it surged from $20,000 to aro...
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March 20, 8:24 am
| | Bitcoin Soared Above $28K After UBS Agreed to Buy Credit Suisse
Switzerland's largest banking institution - UBS Group - entered into a merger deal with its troubled rival - Credit Suisse. The former will pay $3.25 billion to finalize the deal, which is 60% less than what Credit Suisse was worth at the end of last week.
Bitcoin reacted positively to the news, surpassing $28,500 for the first time since June 2022...
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March 19, 7:30 pm
| | Bitcoin Surges by More Than 37% Against US Dollar This Week, Taps $28K o...
Bitcoin reached a high of $28,422 per unit on Sunday at around 3 p.m. Eastern Time as the leading cryptocurrency has continued to rise during the last week. Since last Sunday, bitcoin has increased in value by 37.9% against the U.S. dollar, and the cryptocurrency's overall market capitalization has swelled to $546 billion.Global Cryptocurrency Mark...
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March 19, 9:49 am
| | Bitcoin Dominance Rises to 9-Month High as Altcoins Retrace (Weekend Wat...
Bitcoin's dominance continues to increase as most of the alts have slumped today, while BTC maintains above $27,000.
ATOM, LDO, and APT are among the most substantial losers today, dropping by up to 7%.
Bitcoin Dominance Spikes to New Peaks
The US banking crisis, in which three banks were closed within days, and the subsequent bailout speculations ...
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March 19, 5:30 am
| | Major Cryptocurrency ATM Manufacturer General Bytes Hacked, Over $1.5M i...
General Bytes experienced a security incident on March 17 and 18 that enabled a hacker to remotely access the master service interface and send funds from hot wallets, according to the company and sources. The breach forced a majority of U.S.-based crypto automated teller machine (ATM) operators to temporarily shut down. The hacker was able to liqu...
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March 19, 12:30 am
| | Balaji Srinivasan Says Hyperinflation Happening Now — Makes Millio...
Venture capitalist and angel investor Balaji Srinivasan says hyperinflation is happening now. Expecting the price of bitcoin to soon hit $1 million, he is making million-dollar bets that it will happen in 90 days. Srinivasan also advised investors to buy bitcoin, which he believes to be 'a hedge against hyperinflation, monetary debasement, bank fre...
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March 18, 12:40 pm
| | El Salvador Launches Bitcoin, Lightning Dev Training Office
El Salvador’s government has launched another initiative repping its support for Bitcoin adoption and development of the broader network.
This time, it’s a Bitcoin/ lightning developer training program funded by VC firm Fulgur and stablecoin issuer Tether.
As announced by El Salvador’s Bitcoin Office on Wednesday, the &ldq...
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March 18, 9:50 am
| | Stacks Soars 115% Weekly, Bitcoin Eyes $28K: Weekend Watch
Bitcoin initiated yet another leg up in the past 24 hours, resulting in nearing $28,000 for the first time since June 2022.
The altcoins are also well in the green, with ETH reclaiming $1,800, while SOL, UNI, AVAX, and ETC have skyrocketed by up to 14%.
BTC Taps Yet Another 9-Month High
The US banking crisis, which later expanded to Europe as well,...
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March 17, 9:21 pm
| | Was This the Bitcoin Bottom Signal? Fed Pivot Not Far Away According to ...
Markets are starting to price in an incoming Fed pivot as bank instability forces central banks to protect the financial system.
Analysis from CryptoQuant analyst Cristian Palusi suggests that the liquidity crises now plaguing commercial banks may be a “long-awaited buy signal” for Bitcoin.
Banks Down, Bitcoin Up
In a post publis...
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March 17, 8:30 pm
| | 'Next Round of Bailouts Is Here' — Bitcoin and Precious Metals Soa...
At around 7:30 a.m. ET, the price of bitcoin skyrocketed past the $27,000 range to a high of $27,025 per unit. Precious metals, or PMs, like gold and silver, also rose between 1.98% and 2.12% against the U.S. dollar over the past day. While many market observers are wondering why specific assets like PMs and cryptocurrencies have rebounded, a numbe...
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March 17, 5:05 pm
| | Messari CEO Explains What Could Shoot up Bitcoin to $100K in a Year
Ryan Selkis - CEO of the crypto intelligence firm Messari - believes there will be more negative events in the financial world in the near future, including bank crashes.
He sees bitcoin acting as 'a life raft and peaceful exit option' amid the calamity, predicting its price could soar to $100,000 in the next twelve months.
What Does the Future Hol...
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March 17, 3:27 pm
| | Bitcoin Skyrockets 30% Weekly on the Fed's $300B Bank Bailout: This Week...
Things change fast in the cryptocurrency industry. In the span of seven days, the market shifted completely, with the sentiment escaping the fear zone. The total capitalization also soared, adding a whopping $165 billion in the process. But what happened? Well, let's dive in.
First things first, it's important to note that BTC's price is currently ...
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March 17, 11:29 am
| | $150M in Liquidations as Bitcoin Soars to New 9-Month High Close to $27K
Bitcoin initiated yet another leg up in the past hour or so, resulting in a new multi-month high at almost $27,000.
Most altcoins have also followed along upwards, resulting in over $150 million liquidated on a daily scale.
Ever since the banking crisis worsened last week and expanded to Europe during this one, BTC has been on a roll. This resulte...
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March 17, 9:40 am
| | Bitcoin Soars Above $26K on Fed's $300B Injenction into US Banks (Market...
Bitcoin skyrocketed by roughly $2,000 in a day as the US Federal Reserve announced lending $300 billion to certain struggling US banks, including Silicon Valley Bank and Signature Bank.
The altcoins have also turned green today, with ETH reclaiming $1,700, while BNB, MATIC, DOGE, and DOT are up by over 5%.
BTC Soars Above $26K
A lot can change in t...
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March 16, 9:52 am
| | Bitcoin Dominance on the Rise as ADA, DOGE, SOL, SHIB Slump by 8%: Marke...
After tapping a multi-month high above $26,000 earlier this week, bitcoin has retraced and calmed, currently sitting between $24,000 and $25,000.
Most altcoins have declined hard in the past 24 hours, which has pushed BTC's market dominance to its highest levels since June 2022.
BTC Dominance Rises
It was less than a week ago when bitcoin had sever...
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March 16, 8:29 am
| | Europol Cracks Down on Another Coin Mixer, Seizes $47M in Bitcoin
Coin mixers, which allow users to obfuscate their transactions, have been the target of law enforcement agencies across the world. ChipMixer is the latest one to face a similar crackdown.
In an operation conducted by German and US authorities, and backed by the European Union Agency for Law Enforcement Cooperation (Europol), police seized four serv...
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March 15, 7:30 pm
| | Bitcoin Becomes 12th Largest Asset Worldwide by Valuation, Surpassing Vi...
After dropping below $26,000 per unit, the price of bitcoin, the leading digital asset by market capitalization, is still up 9.6% since last week. However, its price has decreased by 6.5% in the last 24 hours. Out of the 7,316 companies, crypto assets, precious metals, and exchange-traded funds worth more than $82 trillion in value, bitcoin is the ...
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March 15, 11:30 am
| | Study Finds El Salvador Remains One of the Countries Most Interested in ...
A recent study that examined the interest of several countries in bitcoin and crypto ranked El Salvador as second for having the most interest in the issue. While the U.S. was still ranked first, El Salvador's high rank comes amidst criticism President Nayib Bukele has drawn from Salvadorans for his push for bitcoin adoption.
El Salvador Retains I...
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March 15, 9:54 am
| | Bitcoin Retraces Below $25K, AGIX Soars 40% Daily (Market Watch)
The past 24 hours were a complete rollercoaster throughout the cryptocurrency market and were packed with action.
Bitcoin's price soared above $26K only to retrace below $25K later in the day, while many altcoins pained massive double-digit gains. Let's dive in.
Bitcoin's Price Rollercoaster
First things first, it's important to note that yesterday...
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March 15, 7:57 am
| | Kialara Project Celebrates Ten Years of Storing Bitcoin Using Art
[PR - San Diego, United States, 14th March, 2023, Chainwire]
When Max Mellenbruch began creating Kialara ten years ago, few people had heard much about bitcoin, let alone crypto art. The idea of a cold-storage wallet to preserve private keys over a long period of time, safeguarding them against physical deterioration, was quite innovative for its t...
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March 15, 3:30 am
| | Mad Money Jim Cramer on BTC Price Surge: 'I Would Sell My Bitcoin Right ...
The host of Mad Money, Jim Cramer, says he would still sell bitcoin despite the failures of major banks and growing public distrust in the banking system and the Federal Reserve. 'Bitcoin is a strange animal,' he said, asserting that the price of the cryptocurrency is 'being manipulated up.'Jim Cramer's Recommendations
The host of CNBC's Mad Money ...
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March 14, 9:26 pm
| | 3 Reasons Bitcoin Exploded to a 9-Month High This Week
Bitcoin soared to a high of $26,514 on Tuesday, up 30% since crashing below $20,000 on Friday.
What caused the king of crypto to rebound in such a spectacular fashion? Here are three possible reasons:
Silicon Valley Bank’s Bailout
Much of Bitcoin’s price trouble last week stemmed from uncertainty surrounding the crypto industry&rs...
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March 14, 1:24 pm
| | Bitcoin Explodes Above $26K, Leaves Over $120 Million Liquidated in an H...
Bitcoin's price soared to its highest point in nine months and tapped $26,400 moments ago.
This happens on the back of somewhat positive CPI print, as well as hopes for a slowdown in terms of interest rate increases.
As CryptoPotato reported earlier, the Consumer Price Index for all Urban Consumers increased by 0.4% and to 6% year-over-y...
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March 14, 12:34 pm
| | Bitcoin Jumpst Above $25K as February CPI Clocks in at 6% YoY
The CPI numbers are in. As always, this caused a considerable uptick in market volatility, with the price of Bitcoin doing rounds.
At the time of this writing, BTC trades at above $25,000.
Source: TradingView
The Consumer Price Index is one of the most commonly-used metrics that investors use to gauge the levels of inflation in the United States.
...
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March 14, 12:00 am
| | Robert Kiyosaki Warns of 'Crash Landing Ahead' as Bailouts Begin —...
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has reiterated his bitcoin, gold, and silver recommendation. Emphasizing that government bailouts have begun following the collapses of Silicon Valley Bank and Signature Bank, Kiyosaki warned that the Fed will inject more 'fake money' into the 'sick economy.'Robert Kiyos...
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March 13, 6:15 pm
| | Bitcoin Bull Market on the Horizon According to Kiyosaki and Hayes
Robert Kiyosaki - an American businessman, investor, and motivational speaker better known as the author of the bestseller 'Rich Dad, Poor Dad' - thinks the current crisis in the banking sector will intensify. As such, he advised investors to focus on bitcoin, gold, and silver, arguing those assets could save them amid the potential turbulence.
BTC...
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March 13, 5:30 pm
| | Binance Converts $1 Billion BUSD Into Bitcoin, BNB, and Ethereum
On Monday, Binance CEO Changpeng Zhao, also known as CZ, announced that the company had decided to convert $1 billion worth of BUSD from the Industry Recovery Initiative fund into three different cryptocurrencies. Zhao noted that significant onchain movements would be noticeable following the announcement.CZ's Decision to Convert $1 Billion BUSD Co...
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March 13, 2:58 pm
| | Bitcoin Spikes Above $23.5K Following President Biden's Speech
Bitcoin surged by 6% minutes after US President Joe Biden assured that the American banking system is 'safe.'
Many alternative coins, including Ether (ETH), Binance Coin (BNB), and Cardano (ADA), also headed north.
The recent collapse of Silicon Valley Bank and Signature Bank caused severe panic, with some predicting a further contagion in the sec...
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March 13, 9:39 am
| | Bitcoin Explodes 10% Daily on Positive SVB Developments, Binance $1B Inj...
It's been a while since we last saw so many developments in such a short time within the cryptocurrency market. The most important piece of information seems to be that the US Government, in the face of the Federal Reserve, the Treasury, and the FDIC reassured that depositors in Silicon Valley Bank will be saved.
Bitcoin's Price Rallies
Bitcoin's p...
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March 13, 5:53 am
| | Binance Will Convert $1B Into BTC, BNB, ETH, Bitcoin Price Skyrockets to...
The past week has been wild altogether and not just in the cryptocurrency market. A major bank in the US - Silicon Valley Bank - experienced what was essentially a bank run and was forced to shut down by authorities to prevent further panic.
The government, in the face of the Federal Reserve and the Treasury, as well as the FDIC, were quick to come...
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March 12, 1:15 pm
| | Lugano After One Year on its Bitcoin and Tether Standard
It’s been one year since the Swiss city of Lugano established Bitcoin and Tether (USDT) as de facto legal tender within its borders. Since then, how has its adoption initiative fared?
On Monday, Tether published a breakdown of various milestones the city has reached around crypto infrastructure and education under “Plan B.”
Acco...
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March 12, 9:54 am
| | USDC Recovers to $0.95, Bitcoin Reclaims the $20K Mark (Weekend Watch)
The past 24 hours saw the cryptocurrency market take a bit of a breather as it managed to recover around $16 billion in terms of its total capitalization.
That said, the turmoil around USDC continues, although the stablecoin recovered to about $0.95 as Circled issued a somewhat reassuring statement.
USDC Recovers to $0.95
USDC's depeg has been the ...
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March 12, 7:33 am
| | Indian Student Committed Suicide After Becoming a Victim to a Bitcoin Sc...
A second-year B.Com student from the Indian city Lucknow reportedly hanged himself after losing a bitcoin investment worth ?3.5 lahks ($4,200).
The local police assured they will investigate the tragic event once the victim's family filed a complaint.
Depression and Then Suicide
According to coverage by Hindustan Times, the boy distribut...
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March 11, 1:47 pm
| | Bitcoin Fear and Greed Index Drops to 2-Month Low
The cryptocurrency industry experienced its own set of failures last year when numerous internal companies and projects imploded, resulting in declining prices, countless bankruptcy filings, and, somewhat expectedly, lots of investor losses.
This year started on a positive note, but crypto has once again taken a serious hit - this time, the most ap...
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