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Crypto Stocks Rally While Bitcoin Drops Below $40,000: Analysis

The crypto stocks rally while Bitcoin drops below $40,000 but later managed to make some gains after the Biden administration signed its plans for the industry so let’s read furhter in our latest Bitcoin news. The old saying “Buy the rumor, sell the news” was in full effect in the past 36 hours, and a […]

JP Richardson Requires All His Employees to Be Paid in BTC

JP Richardson – the CEO and founder of crypto wallet firm Exodus – is doing what many companies would consider unthinkable. He’s paying all his employees in bitcoin, and he’s broadcasting their salaries on the blockchain to ensure transparency. JP Richardson Is Pushing the BTC Initiative Richardson began his company in 2015. Initially, everyone working...

The post JP Richardson Requires All His Employees to Be Paid in BTC appeared first on Live Bitcoin News.

Bitcoin’s Biden Spike Gone, Price Reverses Following 8% Gain

Bitcoin (BTC) has retraced significantly today, a day after recording an 8% gain in response to President Biden’s executive order. Bitcoin, like the rest of the crypto market, is under pressure, falling more than 5% and falling below $40,000 levels. Bitcoin is currently trading at $39,324 with a market worth of $745 billion as of press time. Bitcoin Slumps After Gain Bitcoin reversed direction, while the euro’s two-day rally came to a halt, as investors awaited the European Central Bank’s (ECB) response to the gathering storm of high inflation and poor growth. According to TradingView data, the top fell to $39,000 during Asia hours, nearly reversing Wednesday’s 8 percent rise caused by US President Joe Biden’s crypto executive order. Laurent Kssis, a crypto exchange-traded fund expert and director of CEC Capital, said: “Market dropped again around 1:30 UTC during the Asian trading on long liquidations washouts which are still dominating the leverage markets. Any potential of a pullback seems futile due to the selling pressures these liquidations create.” Despite the fact that the crypto executive order boosted the crypto market, concerns about growing inflation remain. The entire focus will be on the approaching U.S. inflation, which is expected to rise due to the current geopolitical situation. Historically, the Federal Reserve (Fed) has had the most influence on cryptocurrency markets, whereas ECB rate decisions have had little to no impact. According to one observer, Thursday’s announcement is critical. Related article | Bitcoin Aims For $48K? BTC Reacts Upward To U.S. Inflation Report Griffin Ardern, a volatility trader from crypto-asset management company Blofin noted: “At present, we already know that the Fed will raise interest rates, so no matter how the U.S. market changes, this thing will happen. The most considerable influence at the moment may be the hawkishness of the European Central Bank this week.” The ECB is expected to publish its monetary policy decision on Thursday, March 10 at 12:45 GMT. Christine Lagarde, President of the European Central Bank, will hold a press conference at 13:30 UTC, 45 minutes following the ECB’s policy announcement. “Any unexpected move by the ECB could trigger a fall in the market,” Ardern added. BTC/USD trades at $39k. Source: TradingView Consumer prices in the United States rose 7.9% last month, the largest increase in more than three decades. This growing inflation data has put a significant amount of pressure on risky assets such as Bitcoin and stocks. As a result, Bitcoin has experienced significant volatility in recent months. Bitcoin has risen above $40,000 twice in the last month, but it has not been able to maintain this level for long. The volatility is likely to persist, knowing that the Federal Reserve of the United States can raise interest rates faster than predicted in the face of surging inflation figures. Related Reading | Battle Of The Hedges: How Gold And Bitcoin Have Performed With Russia-Ukraine Conflict

Bitcoin Falls Again as Investors Fear War in Europe

Bitcoin has fallen again. After a week or so of the world’s number one digital currency rising back above $40,000 and staying within that range, it looks like the asset has taken another tumble and at the time of writing, is trading for around $39,000 per unit. Bitcoin Takes Another Dive It appears the fight...

The post Bitcoin Falls Again as Investors Fear War in Europe appeared first on Live Bitcoin News.

U.S. Inflation Rises To 4-Decade High; Is A Crypto Crash Inevitable?

U.S. inflation has grown worse in February to a fresh four-decade high. The consumer price index (CPI) rose 7.9% which is a 0.5% increase from January. The Russian-Ukraine conflict is the main reason behind this massive drop. However, Bitcoin price didn’t react much to this fall. BTC prices dropped to the $38,500 mark then quickly

The post U.S. Inflation Rises To 4-Decade High; Is A Crypto Crash Inevitable? appeared first on CoinGape.

“War Will Accelerate The Adoption Of Bitcoin”- Michael Saylor

Michael Saylor, chairman and CEO of business intelligence company MicroStrategy, tweeted on Thursday that war or any war-like conditions will increase the adoption of Bitcoin. Saylor also cited a Wall Street Journal article on how the war in Ukraine has led to higher global inflation, as it has historically. War Promotes Bitcoin Adoption: Michael Saylor

The post “War Will Accelerate The Adoption Of Bitcoin”- Michael Saylor appeared first on CoinGape.

THORChain Activates Feature, 30% Spike Follows, Can Bulls Sustain It?

Up virtually 30% throughout immediately’s trading session, decentralized cross-chain change THORChain (RUNE) trades north of $5.28. One of the highest gainers within the present reduction rally throughout the market, the community has activated artificial property, a brand new characteristic that would appeal to use instances and customers to the platform. Related Reading | Monero And […]

The post THORChain Activates Feature, 30% Spike Follows, Can Bulls Sustain It? appeared first on Bitcoin Upload.

Is Crypto Regulation Necessary? Analysts Weigh In

Crypto regulation has long been a rather controversial topic. Traders and analysts everywhere seem to be split right down the middle on it. How Necessary Is Regulation? Some of the experts out there believe it’s completely necessary, and they’re all for it. Tally Greenberg – head of business development at All Nodes – explained in...

The post Is Crypto Regulation Necessary? Analysts Weigh In appeared first on Live Bitcoin News.

Bill Miller Is Still Confident in BTC Despite Recent Dips

With Russia and Ukraine taking up all the spots in the news, many are wondering what will happen with bitcoin and the world of crypto. Several altcoins and digital currencies have dropped once again now that the fighting between the two countries has allegedly intensified, and many are wondering if the world’s number one digital...

The post Bill Miller Is Still Confident in BTC Despite Recent Dips appeared first on Live Bitcoin News.

Bitcoin’s Transaction Fees Quickly Double But Still Remain Low

Bitcoin’s transaction fees quickly doubled but still remained low and the cost of sending one BTC from one to another address stayed low since July 2021 despite the spikes so let’s read further in today’s latest Bitcoin news. According to an Arcane Research report, Bitcoin’s transaction fees quickly doubled recently but are still low with […]

Shake Shack Unveils New BTC Rewards Program

A burger chain known as Shake Shack is giving crypto traders a reason to eat at its establishments. Any purchases made at a Shake Shack location using the Cash App will get rewarded with bitcoin. Shake Shack Is Experimenting with Bitcoin Customers who use the Cash App to purchase items from Shake Shack can receive...

The post Shake Shack Unveils New BTC Rewards Program appeared first on Live Bitcoin News.

Ethereum And Bitcoin Rally Together As Crypto Markets Recover

Ethereum and Bitcoin rally together as the crypto markets recover with most of the altcoins being in the green today as we can see in the latest altcoin news. Bitcoin already hit $42,000 overnight and ETH eyed the $2800 price point. The crypto market came surging back as Ethereum and Bitcoin rallied together. BTC as […]

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