Crypto hedge funds are bullish on Bitcoin and knee-deep in DeFi

The volatility that has become synonymous with the crypto industry hasn't deterred institutions from participating in it, as hedge funds investing in crypto are at an all-time high, according to PwC's 2022 Global Crypto Hedge Fund Report. The post Crypto hedge funds are bullish on Bitcoin and knee-deep in DeFi appeared first on CryptoSlate.

Timeline of Bitcoin

Following a bearish  breakout and a sharp decline from $32K, Bitcoin's downtrend has come to a halt. The price is rebounding towards $21K and above, thanks to the $17K–$20K area of the 2017 all-time highs which is acting as strong support. Analysts say that after looking at new data this week, Bitcoin may have already …

On Wednesday (June 22), Max Raskin, Adjunct Professor of Law at New York University School of Law, said that Bitcoin “isn't going away because the ideology underlying it isn't going away.” In an op-ed piece (titled: “Don't Believe the Obits for Bitcoin”) for Wall Street Journal (WSJ), Raskin said that Bitcoin's recent price crash to

Brian Shroder, CEO of Binance.US said the zero-trading fees would generate positive user sentiment and said there are plans to expand the list of tokens that will offer zero-fee trading in the future.

Bitcoin miners are selling their earnings to keep up with the increasing operating costs. The post Bitcoin miners are forced to sell to cover operating costs appeared first on CryptoSlate.

Hublot watches can now be purchased with crypto. Swiss Watch Maker, Hublot, has launched its new limited edition luxury watch, which is called ‘Big Bang Unico Grey' edition of watches.

With its latest price crash, Bitcoin (BTC) has turned the attention of global investors to itself. Some of the big investors could be waiting on the sidelines with cash to invest in BTC as it hits a new bottom.

The recent crypto market crash has raised questions about whether the price of bitcoin could ever drop below zero as did oil during the peak pandemic days. The post Crypto Crash: Could Bitcoin Ever Drop Below Zero Like What Happened With Oil?

Bitcoin, Ethereum and major coins traded lower on Wednesday evening as the global cryptocurrency market cap slipped 2.1% to $887.6 billion at press time. Price Performance Of Major Coins Coin 24-hour 7-day Price Bitcoin (CRYPTO: BTC) -2.1% -11.1% $20,116.83 Ethereum (CRYPTO: ETH) -4.7% -14.7% $1,061.83 Dogecoin (CRYPTO: DOGE) -2.8% 1.3% $0.06 Top 24-Hour Gainers (Data via CoinMarketCap) Cryptocurrency 24-Hour % Change (+/-) Price Polygon (MATIC) +14.9% $0.47 Uniswap (UNI) +9.6% $5.11 Amp (AMP) +6.2% ​​$0.0095 See Also: How To Get Free NFTs Why It Matters: U.S. Federal Reserve Chair Jerome Powell appeared before Congress on Wednesday and acknowledged the hardship inflation is causing.

Bitcoin is now officially in another bear market after the crash that rocked the market last week. After falling more than 70% from its all-time high, investors across the space had started to retreat from the digital asset due to this new price trend.

Bitcoin (BTC) has the potential to solve the world's income inequality problem as it can behave as a commodity and an asset at the same time, and have its price set by market demand, according to an analysis from Forbes. The post Bitcoin could be a panacea for income inequality, says Forbes appeared first on CryptoSlate.