Bitcoin price

2022 - 5 - 12

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Image courtesy of "CNN"

Bitcoin price: Panic in the crypto market has Janet Yellen's attention ... (CNN)

Investors in stocks, bonds and commodities are all on edge right now. But in the market for cryptocurrencies, unease has morphed into full-on panic, ...

"A stablecoin known as TerraUSD experienced a run and had declined in value," Yellen said when she testified before the Senate earlier this week. Investors were unnerved that the inflation reading was worse than predicted. "Quite simply, we believe Disney+ is one of a kind." Why it matters: This may seem very in the weeds. TerraUSD first wavered and broke its peg to the US dollar last weekend. Tether was last below 99 cents to the dollar, dragging down bitcoin, too. The price of bitcoin fell as low as $26,350. , the central bank said there's little clarity on what really backs stablecoins, and noted that a few big players dominate a market with little oversight. Disney blamed "higher programming and production, marketing and technology costs." "The implications are just so large. Traditional stablecoins like Tether have become the bedrock of the crypto market, since they're theoretically fully backed by hard assets. Given the market's notorious swings, their use among crypto companies, exchanges and traders has shot up.

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Image courtesy of "Fortune"

Crypto prices have tumbled, but many currencies are still up big over ... (Fortune)

Crypto prices have tumbled, but many currencies are still up big over the past few years. Analysts advise staying the course · cryptocurrency · supply chains.

Despite the economic headwinds, there is still no imminent “crypto winter,” and crypto is still in the early stages of adoption, Shah said. Because of a lack of crypto regulation—President Biden issued an executive order earlier this year to study the matter—it can be easy for investors to lose money if they don’t do proper research. Given the current volatility of crypto, Estes said he would recommend against smaller investors putting more than 5% of their overall portfolio in crypto. “It’s possible that we start moving out of this range sometime over the next six to 12 months.” The Fed hiked interest rates half a percentage point last week to curb inflation, and Russia’s war in Ukraine rages on, putting pressure on markets. The crypto market is getting battered.

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Image courtesy of "The Verge"

Coinbase experiencing major outage as crypto prices plummet (The Verge)

A leading cryptocurrency exchange, Coinbase, has been hit hard by a recent drop in the price of Bitcoin and other cryptocurrencies, making the recent outage ...

The company reported a steep drop in revenue earlier this week, and its stock has shed more than half its value over the course of a week. The downtime comes amid a widespread crash in cryptocurrency prices, adding particular urgency to trades and withdrawals. We’re seeing recovery after implementing a fix, but our teams are continuing to monitor the situation.

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Image courtesy of "CNBC"

Bitcoin tumbles below $27000 for first time since December 2020 as ... (CNBC)

Bitcoin slumped below $27000 Thursday for the first time in over 16 months as cryptocurrency markets extended their losses.

Economists have long feared that tether may not have the required amount of reserves to bolster its dollar peg in the event of mass withdrawals. Adding to investors' fears Thursday was a drop in the value of tether, the world's biggest stablecoin. Ether, the second-biggest digital currency, tanked to as low as $1,789 per coin. Digital currency investors often turn to them for safety in times of volatility in the markets. That's a risky gamble, not least because bitcoin is itself an incredibly volatile asset. That marks the first time bitcoin has sunk below the $27,000 level since Dec. 30, 2020.

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Image courtesy of "The Independent"

Bitcoin news – live: Crypto prices collapse as investors say they ... (The Independent)

Follow all the latest news, analysis and expert price predictions for bitcoin, as well as other leading cryptocurrencies like Ethereum, Solana, and Cardano.

Others warn that holding the $30k level could be critical for bitcoin’s short- to medium-term prospects. The coming hours and days could prove critical as to whether this trend can continue. The crash is continuing. Start your Independent Premium subscription today. There’s a lot of trees, a lot of landmarks, and even a “beautiful lookout in the volcano”. That volcano is going to be used to not only power the city with geothermal energy, but also provide the energy to mine bitcoin. Bitcoin is teetering on the precipice of an abyss, according to some crypto market analysts, with its price hitting its lowest level since July 2021.

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Image courtesy of "The Wall Street Journal"

Bitcoin Falls to $26000 as Crypto Selloff Intensifies (The Wall Street Journal)

Bitcoin plunged to its lowest level since December 2020 as a cryptocurrency selloff gathered steam Thursday. The world's largest cryptocurrency by market ...

- Target:Up to 60% off - Target Promo Code You may cancel your subscription at anytime by calling Customer Service. On the other, the decoupling of TerraUSD, a stablecoin whose value was tied to $1, has sent ripples through digital assets.

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Image courtesy of "Yahoo News"

Bitcoin price falls to 16-month low in latest crypto crash (Yahoo News)

The value of the token, which accounts for nearly a third of the crypto market, declined 11% to $528bn in the last 24 hours.

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Image courtesy of "Coindesk"

Market Wrap: Bitcoin Stabilizes as Altcoins Underperform; Expect ... (Coindesk)

Analysts expect greater price swings because of macroeconomic risks and ongoing stablecoin woes.

Is Bitcoin Price in Recovery? BTC Trading at $28645 After Bottoming ... (The VR Soldier)

Altcoins saw significant sell-offs this week, and Bitcoin hit a new low last night of $26.6k. The stock market continues its bearish momentum today as investors ...

The high amount of realized loss suggests that Bitcoin hasn’t found its bottom yet. The cryptocurrency market will get through this challenging period and come out stronger than ever. It’s clear that serious investors are still buying Bitcoin and Ethereum and the long-term sentiment of the crypto assets remains bullish. With the recent rebound from its low, is the Bitcoin price in recovery? This means many people sold BTC and cut their losses this week. Is it a good idea to buy the dip?

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Image courtesy of "Cointelegraph"

3 reasons why bears aim to pin Bitcoin below $30K for this week's ... (Cointelegraph)

BTC price is in a freefall and data suggests bears plan to keep the price below $30000 until the May 13 options expiry.

The number of options contracts available on May 13 for call (bull) and put (bear) instruments varies, depending on the expiry price. Bitcoin bears need to hold the price below $30,000 on May 13 to secure a $260 million profit. With this said, bears have greater odds of suppressing BTC below $30,000 before the May 13 options expiry. If Bitcoin's price remains below $30,000 at 8:00 am UTC on May 13, only $1 million worth of those call (buy) options will be available. Nubank, the largest digital bank in Brazil and Latin America, also announced that it would allocate roughly 1% of its net assets to Bitcoin. Shopify (SHOP), one of the largest Canadian e-commerce companies also saw its stock plunge by 28%.

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Image courtesy of "iNews"

Will crypto recover? Price prediction for Bitcoin, Luna and Ethereum ... (iNews)

Bitcoin tumbled below $30000 on Wednesday – a figure experts considered to be a key level of support.

- Dogecoin – $0.077 - Cardano – $0.45 - Solana – $43.50 - XRP – $0.37 - Ethereum – $1,930 - Bitcoin – $28,000

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