Page 8 - Latest Updates on Bitcoin
Crypto market cracks 5%, Bitcoin at 3-month low after US SEC sues Binance
In its complaint, the SEC alleged that Binance and Zhao had "free reign" over billions of dollars of crypto assets from the US
 "Crypto market cracks 5%, Bitcoin at 3-month low after US SEC sues Binance")
Crypto wrap: US debt ceiling negotiations keeping market on the toes
The negotiations around the US debt ceiling have been slow, but media reports suggest that US President Biden and US House of Representatives Kevin McCarthy appeared to be nearing a deal on Thursday
 "Crypto wrap: US debt ceiling negotiations keeping market on the toes")
Crypto wrap: High fluctuation in market due to US debt ceiling crisis
Bitcoin options expiry on Friday is crucial for Bitcoin's price, given concerns about regulations and the US debt ceiling, experts said
 "Crypto wrap: High fluctuation in market due to US debt ceiling crisis")
US investors eye gold, treasuries, Bitcoin as debt-limit default risk peaks
Traditional haven currencies like the Japanese yen and the Swiss franc had some fans, but each were less popular than the US dollar or, perhaps more strikingly Bitcoin
 "US investors eye gold, treasuries, Bitcoin as debt-limit default risk peaks")
Bitcoin sinks to lowest since March after falling for a second straight day
The largest digital asset fell as much as 3.2% on Friday to around $26,100, and is staring down its first back-to-back weekly losses since March
 "Bitcoin sinks to lowest since March after falling for a second straight day")
Crypto wrap: Market in the red, total m-cap falls to $1.1 trillion
During the week, the prices of crypto tokens dropped sharply after news broke of the US government selling 9.8K BTC worth $277 million
Bitcoin based-memecoin 'PePe' surge seen driving Binance anxiety
Cold wallets aren't connected to the internet, unlike hot ones, and are often viewed as a more secure way of storing digital currency
 "Bitcoin based-memecoin 'PePe' surge seen driving Binance anxiety")
Bitcoin perpetuals becoming an even bigger driver of digital token's price
The perpetual contract was first introduced by crypto exchange BitMEX in 2016. Exchanges use the so-called funding rate - or the cost to trade
 "Bitcoin perpetuals becoming an even bigger driver of digital token's price")
Bitcoin trading volume tanks massively by 58% to $492.9 billion in April
Bitcoin trading volume sank by almost $700 billion in April, historically seen as one of the strongest months for Bitcoin and other cryptocurrencies, bringing the biggest average monthly returns
 "Bitcoin trading volume tanks massively by 58% to $492.9 billion in April")
Bitcoin sags after its longest streak of monthly gains since 2021
The token slid as much as 3.6% and was trading at $28,504 as of 6:40 a.m. in New York. Smaller coins such as Ether and Solana also retreated, as did an index of the top 100 digital assets
Bitcoin's monthly streak brings $100,000 into view if history is right
Bitcoin is set to climb for the fourth month in a row after eking out an April gain, the best such stretch since a six-month advance through March 2021
 "Bitcoin's monthly streak brings $100,000 into view if history is right")
Crypto wrap: Market in the green ahead of US Fed announcement next month
The US Federal Reserve is expected to meet on May 2 and 3 to decide on further rate hikes
 "Crypto wrap: Market in the green ahead of US Fed announcement next month")
Bitcoin extends recent bout of volatility in climb back toward $30,000
The largest token rose as much as 3.7% on Thursday to trade at $29,469.45, before paring the advance to around $28,930 as of 9:30 a.m. in New York
 "Bitcoin extends recent bout of volatility in climb back toward $30,000")
Bitcoin begins to test inflection point while momentum slows: Report
The largest digital currency is trading around its 50-day moving average, with Paul Hickey of Bespoke Investment Group noting that the level to watch is $27,500
 "Bitcoin begins to test inflection point while momentum slows: Report")
Bitcoin could hit $100,000 by end-2024, says Standard Chartered
Bitcoin could gain from factors including recent turmoil in the banking sector, a stabilisation of risk assets as the U.S. Federal Reserve ends its rate-hiking cycle
 "Bitcoin could hit $100,000 by end-2024, says Standard Chartered")
Closer look at Bitcoin's rally suggests the depth of demand is deceptive
Since Binance stopped its zero-fee trading program, there's been a sharp drop-off in daily Bitcoin volume, Medalie said. Current trends are about half what they were prior to the halt
 "Closer look at Bitcoin's rally suggests the depth of demand is deceptive")
Crypto wrap: Profit booking, UK inflation data pull major tokens down
After a good show in the first half of the week, major crypto tokens saw major sell-off
 "Crypto wrap: Profit booking, UK inflation data pull major tokens down")
Bitcoin drops again below $30,000 on account of interest rate fears
The largest token fell as much as 4.5% before paring some of the slide to trade at about $29,175 as of 11:50 a.m. in London on Wednesday
 "Bitcoin drops again below $30,000 on account of interest rate fears")
Bitcoin stalls near $30,000 after the token's biggest drop in over a month
Recent economic data have helped to firm bets on a quarter-point Fed rate hike in May while tempering projections for subsequent policy easing
 "Bitcoin stalls near $30,000 after the token's biggest drop in over a month")
Top headlines: HDFC Bank recommends 1900% dividend, Sec 144 imposed in UP
Business Standard brings you top headlines at this hour
 "Top headlines: HDFC Bank recommends 1900% dividend, Sec 144 imposed in UP")
