Fed Prices Eggs in Bitcoin but Misses the Big Picture: Crypto Community Reacts
The St. Louis Federal Reserve published a blog post with the ratio of eggs to Bitcoin in a bid to criticize the volatility in the latter but ended up being…
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Crypto Markets Shed $80 Billion as Bitcoin Crashes Below $30K (Market Watch)
Bitcoin’s attempt to decisively overcome the $30,000 level failed once more, and the asset dumped hard in a matter of hours. The alternative coins went through similar dumps, with SOL,…
Over $200 Million Liquidated as Bitcoin Gets Rejected at $32K
Bitcoin failed at $32,000 and brought all the altcoins with it south, resulting in another market-wide retracement. Thus, the liquidations and the number of liquidated traders skyrocketed. Yesterday was a…
71% of Salvadorans Did Not Benefit From the Bitcoin Law, Survey Says
A large part of Salvadorans said that the Bitcoin Law promoted by their president Nayib Bukele did not help them “at all” despite being approved less than a year ago.…
Inspired by MicroStrategy: CyberSec Firm Octagon Networks Converts its Balance Sheet Into Bitcoin
Octagon Networks – a cyber security company headquartered in Addis Ababa – converted its entire balance sheet and all its liquid assets into the primary cryptocurrency. In addition, it embraced…
Brazilian Soccer Giant Sao Paulo Embraces Crypto as a Payment Method
One of the most successful Brazilian soccer clubs – Sao Paulo – allowed its fans to purchase match tickets with cryptocurrencies, becoming the first team in the country to do…
Green Market Watch: Bitcoin Reclaims $30K, Cardano (ADA) Explodes 14%
Following several days of trading below $30,000, bitcoin went on the offensive hours ago, reclaimed that level, and even spiked above $31,000. The altcoins have marked impressive gains as well…
Change of Direction? Bitcoin Finally Ended its Longest Ever Sequence of 9 Red Weeks
After nine consecutive weeks of closing lower than the previous one, bitcoin finally managed to break this negative trend and marked its first green weekly candle since late March. This…
37% of Survey Participants Want Bitcoin Legalized Inside Their Countries
A recent study conducted by The Economist estimated that 37% of the participants want their governments to declare bitcoin or other cryptocurrencies as legal tender for internal transactions. Central bank…
Long-Term Correlation Between Bitcoin and Wall Street Waned as BTC Has Better Returns (Report)
Prior to the pandemic, Bitcoin appealed to many as an inflationary hedge due to its low (near zero) correlation with traditional assets such as stocks. However, in recent times, the…
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