Crypto markets were rocked on Friday as it emerged that China was implementing a full ban on cryptoasset trading inside the country. Despite it having announced the ban previously, markets reacted badly with big falls in BTC and other altcoins. BTC entered last week on a downward trend and had already hit a low of…
Another week of wild volatility has hit the cryptoasset market, as China’s latest ban collides with accelerating adoption to catalyze big market swings. First, fears of the financial collapse of Chinese developer Evergrande sent crypto sliding last Monday, before the market turned around as Twitter added Bitcoin tipping. El Salvador’s President Bukele then bought the…
After a flash crash, last Tuesday as El Salvador officially made Bitcoin legal tender, the leading cryptoasset has steadied around $45K. What was expected to be a historic day of celebration became one of the most volatile days of the year. The party was cut short by technical problems, and Bitcoin dropped by $10K in…
Both bitcoin and ether are trading at lower levels after the flash crash of 7 September. Bitcoin saw the biggest fall in value following the collapse of Tuesday. Having traded close to $53,000 the cryptoasset plummeted to as low as $43,000 within 12 hours. The price of BTC has been trading in this range since…
Cryptoassets continued their surge last week, with Cardano (ADA) a standout performer. ADA started the week at $1.41 but has since soared, reaching over $2.24 on Saturday – a 96% rise. At the time of writing the cryptoasset is trading around $2.14. Bitcoin continues to edge back towards the $50,000 mark as it maintains its…
The total value of the cryptoasset market has once again risen above $2 trillion, as altcoins including Cardano and XRP race to reclaim all-time highs. This bullish price action comes in defiance of negative headlines. The Senate passed the infrastructure bill on Tuesday without changing the requirements for crypto tax reporting, and on the same…
Fear is gripping the crypto market after comments from Tesla billionaire Elon Musk sparked a 20% sell-off for Bitcoin. Prices fell to a low of $42K on Monday as the billionaire voiced concerns about the environmental impact of Bitcoin mining, before hinting at a sale of Tesla’s treasury allocation. Then, as irate bitcoiners publicly canceled…
The price of bitcoin has tumbled over 25% in the last seven days, hitting a low of $42,025 over the weekend, as investors took profits en masse. Bitcoin, as well as peers such as Ethereum which have also slumped by similar amounts in the last week, has sold off after a staggering run year-to-date which…
Bitcoin prices slumped over the weekend, falling to a low of $50,000 on Sunday before rebounding, as a flash crash impacted leading cryptoassets. Bitcoin, Ethereum and XRP, as well as most other major altcoins, were all hit by a sudden flash crash early Sunday morning, sending prices down sharply. Power outages in China, which consequently…
Since falling alongside the stock market early last week, Bitcoin has bounced beyond $50K, bringing most of the crypto market back into the green. The comeback was accompanied by a string of bullish headlines. Goldman Sachs has restarted its crypto trading desk and is considering launching a Bitcoin ETF, Charles Schwab is said to be…