Crypto Markets Erased $130B As BTC Dumps To 2-Month Low

Crypto markets erased $130B as Bitcoin dumped to a 2-month low, a level not seen since early March so let's read more today in our latest cryptocurrency news. Bitcoins continue to lose value and dropped to a two-month low of over $37,000 and the altcoins are also in the red with some notable price losses

Timeline of Bitcoin

Bitcoin (BTC) may be gearing up for a bullish reversal if on-chain metrics are any indication, according to popular crypto analyst Michaël van de Poppe. The analyst tells his 589,000 Twitter followers that Bitcoin's hash rate has hit another all-time high, which has often historically preceded BTC rallies. “Bitcoin hash rate has reached an all-time The post On-Chain Data Quietly Signaling Bitcoin (BTC) Bullish Reversal Brewing, According to Top Crypto Analyst appeared first on The Daily Hodl.

The performance of the King coin hasn't been in the best of spirits lately, especially given its position of extreme volatility in the last few weeks. However, despite the constant state of war that Bitcoin (BTC) has been in, Dan Morehead, CEO of Pantera Capital, felt otherwise.

Bitcoin whales are raking in as much BTC as they can get following a decline putting the asset in a bearish light. In a detailed report by Barron, Bitcoin whales accumulation of BTC has peaked, surpassing the level witnessed last September.

At the Berkshire Hathaway Annual Shareholder meeting on Saturday, Warren Buffet expanded on why he thinks bitcoin is worth nothing.  “If you offered me all the bitcoin in the world for $25 I wouldn't take it,” Warren Buffet's famous views on bitcoin have not changed at all.

Some analysts say that Bitcoin's current price action aligns with the Bitcoin halving model, leading them to expect a $24000 bottom before year-end.  The topic of Bitcoin's four-year halving cycle and its effects on BTC's long-term price is one that has been highly debated within the crypto community.

Anatoly Yakovenko, one of the co-founders of Solana, the proof-of-stake based, smart contracts enabled blockchain, issued a series of statements criticizing bitcoin's consensus algorithm. In an interview on CNBC, Yakovenko stated that bitcoin might lose adoption if it doesn't change to a proof-of-stake (PoS) consensus algorithm. Other organizations have also attacked bitcoin, hinting at this

The price of bitcoin has dropped by 43% from its all-time high. However, in recent days, the cryptocurrency has been trading in a sideways market, hovering around $40,000. Bitcoin has declined more than 1% in today's trading session, and it is now trading below $39,000. The largest cryptocurrency by market cap had continued to rise …

Switzerland's central bank, the Swiss National Bank, says buying and holding bitcoin as a reserve currency is not a problem for the bank. “We can arrange the technical and operative conditions relatively quickly, when we are convinced we must have bitcoin in our balance sheet,” the chairman of the Swiss central bank reportedly explained. Switzerland's

The U.S. Department of Labor (DOL) is reportedly having “grave concerns” about Fidelity Investments' recent decision to launch Bitcoin (BTC) 401(k) plans. In a new Wall Street Journal (WSJ) interview, Acting Assistant Secretary of the DOL's Employee Benefits Security Administration (EBSA) Ali Khawar acknowledges crypto has intriguing use cases but says it needs “maturing” before The post U.S. Department of Labor Expresses ‘Grave Concerns' Over Fidelity's Proposed Bitcoin 401(k) Plans: Report appeared first on The Daily Hodl.

The World Bank recently reported that global energy prices could remain “historically high” until 2024. The post A looming global energy crisis could directly affect Bitcoin miners appeared first on CryptoSlate.