Cryptocurrency

Bitcoin is not expected to retest its record until later this year, but data shows this correction could get uglier before a recovery begins — similar to how the cryptocurrency fared between two all-time highs in 2021. A bitcoin valuation indicator, CryptoQuant's Bitcoin Profit and Loss Index, is currently hovering around its own 365-day moving…

On Monday, the Argentine national team and Inter Miami player shared a photo with his 504 million Instagram followers, and helped drive the price of the cryptocurrency WATER up by 356%.The image featured Messi with WATER's mascot – a drawing of a glass of water – on his shoulder. He also included a link to the project's Instagram page.1 View…

Tesla (TSLA) continued its hot streak and closed higher for its 10th trading day in a row. Meanwhile, bitcoin (BTC-USD) continues to trade below a $60,000 benchmark, taking a little longer to recover than previous down periods. Should investors hold stocks overnight and trade in the morning? Data surrounding the S&P 500 (^GSPC) reveals it…

This is a published version of our weekly Forbes Crypto Confidential newsletter. You can sign-up to get Crypto Confidential as soon as it is published in your inbox here. AI needs bitcoin miners.getty Bitcoin Miners Have The Power That AI Companies Covet Bitcoin miners have what artificial intelligence purveyors need: power. A number of the…

22h30 ▪ 5 min of reading ▪ by Fenelon L. The bankruptcy of FTX could have unexpected effects on the crypto market. While the defunct exchange is preparing to redistribute $16 billion to its aggrieved customers, experts are predicting significant buying pressure on Bitcoin and Solana. This massive injection of liquidity could well energize a…

Ever since the launch of Bitcoin's open-source software helped popularize the concept 15 years ago, people from all walks of life have waded into the cryptocurrency market.Yet some personalities are more drawn to the decentralized, anonymous system of economics than others. A poll of just over 2,000 American adults conducted across the US in…

The highly anticipated launch of spot Ethereum (ETH-USD) ETFs in the United States has the crypto community talking. However, these new ETFs might not live up to the high expectations set by their Bitcoin counterparts. According to Bloomberg analyst Eric Balchunas, Ethereum ETFs could end up being a “sidekick” to the already established Bitcoin…

(WJET/WFXP) — A Colorado man initially from Pennsylvania has been sentenced after pleading guilty to stealing millions of dollars in cryptocurrency from a Pennsylvania woman. A Philadelphia-area judge sentenced 47-year-old Adam Davis, originally of Coatesville, Pennsylvania, to 33 months in prison followed by three years of supervised…

Blockchain data shows signs that the Bitcoin mining industry is “capitulating,” according to CryptoQuant—a likely precursor to Bitcoin tapping a local price bottom before surging to new highs. CryptoQuant analyzed the metrics for miners, who are responsible for securing the Bitcoin network in exchange for newly issued BTC. As outlined in the…

Ethereum is primed to mount a comeback against Bitcoin this month after underperforming its sibling cryptocurrency since the start of the year, according to K33 Research. On the one hand, the leading smart contract platform is poised to receive its first US-listed spot exchange-traded fund (ETF) in July, inviting a tidal wave of new…