The Swiss National Bank (SNB) has rejected the notion of incorporating Bitcoin into its reserves. The central bank has no interest in retaining the cryptocurrency, as it is too volatile and risky, according to SNB President Martin Schlegel. Price Swings Raise Concerns Schlegel cited Bitcoin’s unpredictable price fluctuations as a significant factor in the proposal’s…
16h05 ▪ 4 min read ▪ by Mikaia A. The table is black for Bitcoin. Very black. For several days, the crypto market has been in turmoil, with losses piling up at a hellish pace. Not only are altcoins taking a hit, but even stablecoins are wavering. The carnage intensified on February 28, when Bitcoin…
A veteran crypto trader who has a history of nailing Bitcoin’s market tops and bottoms says that BTC is likely nearing the end of its current correction. Pseudonymous trader and analyst Dave the Wave tells his 148,000 followers on the social media platform X that Bitcoin appears to be strongly reacting to the 365-day simple…
Bitcoin has recorded its largest monthly loss since June 2022, pushing it into a bear market as the euphoria over cryptocurrencies after Donald Trump’s election win faded. The price of bitcoin fell by 17.5% in February, the biggest monthly drop since June 2022, and its 11th worst month in the last decade, as negative sentiment…
High-angle view of Kibera, Kenya getty Six and a half kilometers from the city center of Nairobi, Kenya lies Kibera, the largest informal settlement in Africa. In this area, home to over 500,000 residents, a Bitcoin circular economy called Afribit has been growing for the past half decade. The Afribit team uses Bitcoin as a…
A crypto strategist who nailed the start of the current Bitcoin bull market is outlining what he thinks is the worst possible path for BTC. Pseudonymous analyst DonAlt tells his 657,500 followers on the social media platform X that it is within the realm of possibility for BTC to repeat its 2021 mid-bull cycle collapse…
10h05 ▪ 5 min read ▪ by Luc Jose A. The crypto market has just experienced one of its most violent downturns in months. After reaching a historic high of $109,000 on January 20, Bitcoin plunged by 28 %. This drop wiped out billions of dollars in market capitalization in a matter of weeks. Such…
Bitcoin has been facing significant price fluctuations recently, and it’s not alone. While the cryptocurrency market has always been volatile, the current downturn in the U.S. stock market could spell more trouble for Bitcoin. After a sharp dip, Bitcoin managed a brief recovery with a 6.75% increase, but many analysts believe the worst may not…
(Bloomberg) — Attempts to decipher exactly what’s driving the price of Bitcoin are often tricky endeavors, with multiple offsetting catalysts in the mix. Most Read from Bloomberg That seems to be the case these days, as market observers try to unpack the reasons behind a slide that’s dragged the original cryptocurrency down by as much…
Bitcoin and most altcoins turned green on Saturday as investors focused on the inaugural crypto summit by President Donald Trump. Bitcoin (BTC) rose to $85,000, 8.5% above its lowest level this week, while the total market cap of all cryptocurrencies rose to $2.8 trillion. At press time, Bitcoin was up 2.1% and trading at about…