Bitcoin

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Bitcoin Surges Past $22,000, Highest in Four Months as Investors Eye Fed Meeting

Bitcoin, the world’s largest cryptocurrency, saw a surge of more than 6% on Friday (Jan. 20), breaking past $22,000, its highest level since mid-September. This comes as investors are keeping a close eye on the results of the upcoming US Federal Reserve meeting, which is expected to result in a 0.25% hike in interest rates. …

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Bitcoin Tumbles Past $21,000 as US Prepares to Announce Major Measures

The price of bitcoin dropped below $21,000 following reports that the United States will announce major enforcement measures against the cryptocurrency market. This morning, the price of bitcoin plummeted 2.44% to $20,708. The US Department of Justice issued a statement saying that they will be announcing a major enforcement measure against the international cryptocurrency market, …

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Coinbase Global Inc. Announces Closure of Japanese Operations, Follows Suit of Kraken

In a blog post on January 18, Coinbase Global Inc announced that it will be closing its operations in Japan. This decision comes less than a month after major digital asset exchange, Kraken, also announced its withdrawal from the Japanese market. According to the statement, Coinbase customers in Japan will have until February 16 to …

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Hedge Funds Trading Cryptocurrency See Nearly 50% Loss in 2022

According to research firm BarclayHedge, hedge funds trading in cryptocurrency experienced a nearly 50% loss in 2022. This decline is a continuation of the ripple effects caused by the collapse of cryptocurrency exchange FTX, which filed for bankruptcy in November. Head of Research at BarclayHedge, Ben Crawford, stated that the conversation around trading in cryptocurrency …

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Crypto Market Sees Positive Growth as Ether and Other Tokens Rise, Market Cap Surpasses $1 Trillion for the First Time in Months

On Saturday, January 14th, Bitcoin saw significant growth, rising above $21,000. Experts believe that this could be a sign of Bitcoin reaching its bottom and inflation reaching its peak. The cryptocurrency experienced a 7.5% increase to $21,299 and has not been above $20,000 since November 8th. Additionally, Bitcoin has been on an upward trend for …

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Bitcoin rises above $18,000 after FTX lawyers find $5 billion in assets

The price of bitcoin rose to its highest level in nearly a month today (Jan. 12) as investors anticipated a slowdown in U.S. inflation and braced for news that lawyers for the bankrupt cryptocurrency exchange FTX are uncovering billions of dollars in assets, creating hope for FTX users. According to CoinMetrics, the price of Bitcoin …

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Bitcoin plunges near $16,000 after BlockFi declares bankruptcy

Bitcoin plunges near $16,000 after BlockFi files for bankruptcy. During the day, the price of Bitcoin fell 1.39% to $16,219.68. Bitcoin surpassed $69,000 in November 2021, the highest level in history, before falling below $20,000 in June 2022. The founder of Mobius Capital Partners says that bitcoin will continue its downward trend. It will reach …

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Bitcoin drops $16,000 amid FTX domino effect fears

Bitcoin falls below $16,000 while other cryptocurrencies also plummet due to the bankruptcy of FTX, the world’s second largest cryptocurrency trading platform. This morning, the bitcoin price fell 2.96% to $15,856.23. The crypto market remains under pressure two weeks after the collapse of FTX, with the market capitalization of cryptocurrencies falling by over $260 billion. …

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