The price of bitcoin could experience one more major crash before it sees a significant recovery, according to new analysis.The cryptocurrency is already down more than 70 per cent from the all-time high it experienced last November and is currently trading at around $20,000 on Wednesday.Crypto market analysts at financial research firm Fundstrat predicted that…
Anonymous has pledged to bring a crypto boss “to justice” after he oversaw a market collapse that wiped more than $40bn from investors’ holdings. The online hacking collective made the threat in the latest video posted to its official YouTube channel, accusing the co-founder of Terraform Labs of syphoning off the funds of retail investors…
A new leak concerning the next game in the Grand Theft Auto series – presumably called GTA 6 – suggests that it will feature support for some kind of cryptocurrency.With an expected release date of either 2023 or 2024, the sequel to GTA 5 is expected to be a major departure from its record-breaking predecessor.The…
Bitcoin’s energy consumption has plummetted to levels not seen in over a year following the latest price collapse.Figures from Digiconomist, a site tracking bitcoin’s electricity use, show that the cryptocurrency saw its consumption drop by around a third within the space of a week in June.During that same time, bitcoin’s price fell from just above…
More than $2 trillion has been wiped from the overall crypto market in the seven months since it peaked last November. This averages out at nearly $10 billion per day, with retail investors, corporations and even some countries all seeing their holdings decimated.Just like the crypto crashes following all-time highs in 2013 and 2017, several…
Online searches for the term “bitcoin dead” have surged in recent days following one of the worst price crashes in the cryptocurrency’s history.Data from Google Trends shows that the spike in searches coincides with bitcoin’s latest price capitulation, which saw it fall from above $30,000 at the start of June to below $20,000 this weekend.It…
What are cryptocurrencies? | DecomplicatedAfter sinking below $18,000 on Saturday, Bitcoin has grown by over 8 per cent in the last day and is slightly above the $20,000 mark.However, the global crypto market value is still below the $1 tn mark at about $880 bn.Many analysts predicted that last week’s low may be the bottom…
The price of bitcoin has fallen through $20,000 (£16,400), marking an important milestone in the ongoing collapse of cryptocurrency.It means the value of bitcoin is lower than it has been since 2020, and is now at the point at which many analysts had expressed concern that sentiment could continue to spiral.The latest fall in bitcoin…
What are cryptocurrencies? | DecomplicatedAfter briefly inching towards the $20,000 mark, bitcoin is back above $21,000, with the overall crypto market value crossing the $900 bn mark.While many analysts speculated that Wednesday’s low may be the bottom of the cycle, others have warned that more volatility may be on the way.BTC remains over 70 per…
What are cryptocurrencies? | DecomplicatedAfter briefly inching towards the $20,000 mark, bitcoin is back above $21,000, with the overall crypto market value crossing the $900 bn mark.While many analysts speculated that Wednesday’s low may be the bottom of the cycle, others have warned that more volatility may be on the way.BTC remains over 70 per…