The former BitMEX CEO sees no clear support for Bitcoin until it touches lows from July. He also doubts the Fed’s ability to combat inflation.

According to the firm’s “Big Ideas 2022” outlook report prepared by ARK analyst Yassine Elmandjra, the world’s largest cryptocurrency value will soar in the next decade as more investors adopt the digital currency. Furthermore, Elmandjra, who noted that bitcoin’s market capitalization is still a fraction of global assets, will experience massive growth in value as nations like […]

ARK Invest's research team thinks BTC could trade at $1.36 million by 2030, while ETH's market cap could reach $20 trillion.

Core Scientific Inc. started trading on Nasdaq through an estimated $4.3 billion merger with Power & Digital Infrastructure Acquisition Corp.

El Salvador continues to buy bitcoin frequently, with a new purchase worth $15 million.

The liquidations skyrocketed to nearly $700 million on a 12-hour scale as bitcoin and the rest of the market kept dumping.

The Central American country of El Salvador has added 410 Bitcoins to its central reserve as BTC prices trade below $37,000, a price last seen on Jul. 26, 2021. The fresh addition to the country’s BTC reserve was announced by President Nayib Bukele, who confirmed that the purchase of 410 BTC was made against $15 […]

Well, the broader cryptocurrency has entered the second consecutive day of massive correction with Bitcoin bleeding deep red. Although Bitcoin has corrected a staggering 47% from its all-time high of $69,000, here’s why we think one should still wait and not jump in straight away to buy the dips. Despite Bitcoin correcting heavily over the

The post Here’s Why You Should NOT Yet Buy the Bitcoin Dip, Miner Capitulation Ahead? appeared first on CoinGape.

The U.S. Securities and Exchange Commission (SEC) is adding more fuel to the already widespread fire in the broader cryptocurrency market. On Friday, January 21, the SEC rejected MicroStrategy’s Bitcoin accounting standards noting that the company cannot strip out Bitcoin’s wild swings from its unofficial accounting standards. The news comes just as Bitcoin corrected 7%

The post MicroStrategy (MSTR) Stock On Free Fall As SEC Rejects Its Bitcoin Accounting Strategy appeared first on CoinGape.

On Frida, January 21, the broader cryptocurrency market extended further losses tanking another 8%. This is the second consecutive day of heavy selling in the crypto space as investors lose more than $350 billion in cumulative wealth. As of press time, Bitcoin is down 7.38% and is currently trading at $36,611 with a market cap

The post Second Consecutive Crash Day Extends Investor Loses Over $350 Billion, El Salvador Buys the Dip appeared first on CoinGape.

A solo Ethereum miner mined an entire block and got a reward of 170 ETH ($540,000).

The leading cryptocurrency Bitcoin (BTC) has dumped 7.5% in the past 12 hours, plunging to 6-month lows from $43,328 yesterday to $38,258 by 4 am UTC today. Today’s price crash has so far wiped about $50 billion from the overall crypto market. The total crypto market cap has been on a slow decline since early […]