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Bitcoin falls to $38,000 to hit a six-month low.

The leading cryptocurrency Bitcoin (BTC) has dumped 7.5% in the past 12 hours, plunging to 6-month lows from $43,328 yesterday to $38,258 by 4 am UTC today. Today’s price crash has so far wiped about $50 billion from the overall crypto market. The total crypto market cap has been on a slow decline since early […]

New York City Mayor Eric Adams to Buy Bitcoin (BTC) and Ethereum (ETH) Dips Today

There’s a major bloodbath on Satoshi Street once again as Bitcoin and Ethereum corrected over 8% each. However, New York City Mayor Eric Adams Is All Set to Buy the Bitcoin Dip later today. As announced earlier, Adams shall be converting his paycheck from U.S. Dollars to Bitcoin and Ethereum. The fund conversion will happen

The post New York City Mayor Eric Adams to Buy Bitcoin (BTC) and Ethereum (ETH) Dips Today appeared first on CoinGape.

Breaking: Twitter Integrates NFT Profile Pictures and Crypto Wallets On IOS

Twitter just made the day for NFT owners as it announced to roll out NFT profile pictures for IOS users. Last year in September Twitter enabled Bitcoin tipping and announced it will soon allow users to authenticate NFTs. This announcement proves Twitter’s keen interest in crypto adoption. Twitter’s Crypto Support Continues Everyone knows Twitter CEO

The post Breaking: Twitter Integrates NFT Profile Pictures and Crypto Wallets On IOS appeared first on CoinGape.

BNY Mellon Sees Meaningful Revenue In Crypto by 2023 Post Clear Regulations

Bank of New York Mellon is optimistic about a meaningful revenue ticking from its crypto services. On Tuesday, January 18, the bank’s chief financial officer Emily Portney said that the bank is collaborating with Fireblocks, a unicorn FinTech that allows financial institutions to store crypto assets. Portney said that the U.S. regulators should provide more

The post BNY Mellon Sees Meaningful Revenue In Crypto by 2023 Post Clear Regulations appeared first on CoinGape.

Moody’s Confirms El Salvador’s Ratings Unchanged After President Bukele’s Reactive Tweet

El Salvador President Nayib Bukele took on Twitter on Sunday, January 17, responding to a warning from rating agency Moody’s. However, Moody’s has confirmed that the Central American country’s ratings remain unchanged. President Nayib Bukele Tweeted: “BREAKING: EL SALVADOR DGAF” which means “don’t give a fuck”. President Bukele was responding to a tweet from Investing.com.

The post Moody’s Confirms El Salvador’s Ratings Unchanged After President Bukele’s Reactive Tweet appeared first on CoinGape.

Bitcoin reclaims $43,000 after a volatile week.

After yesterday’s drop to near $42,000 levels, the leading cryptocurrency bitcoin bounced off and spiked to around $43,000. Most altcoins are slightly in the green as well on a daily scale, with BNB nearing $500 and more impressive gains from Litecoin and ATOM. The past several days seemed quite positive for the original cryptocurrency. The […]

Block Inc’s Jack Dorsey Announces Open Bitcoin Mining System for All

Block Inc Jack Dorsey confirmed on Thursday, January 13, that the company is building an open Bitcoin mining system that reduces the entry barrier in Bitcoin. The new open Bitcoin mining system will be open for all, small and new miners, making it easy for users to mine from the comfort of the couch. Currently,

The post Block Inc’s Jack Dorsey Announces Open Bitcoin Mining System for All appeared first on CoinGape.

Buy or Sell Bitcoin (BTC)? These Charts and On-Chain Metrics Will Help You Decide

The U.S. released its inflation data on Wednesday, January 12, but this doesn’t seem to dampen the sentiment for Bitcoin investors as of now. Bitcoin is trading in the green zone as of press time at price levels above $43,700. Whether Bitcoin remains a buy or a sell at this stage remains a big question

The post Buy or Sell Bitcoin (BTC)? These Charts and On-Chain Metrics Will Help You Decide appeared first on CoinGape.

U.S. Inflation Numbers In Line With Expectations, Bitcoin (BTC) Continues to Trade Above $43,500

On Wednesday, January 12, the United States has reported the highest inflation at 7% in over four decades since 1982. Well, this doesn’t seem to have a greater impact on the Bitcoin price as it continues to trade above $43,500 moving further away from the death cross. As of press time, Bitcoin is trading 2.45%

The post U.S. Inflation Numbers In Line With Expectations, Bitcoin (BTC) Continues to Trade Above $43,500 appeared first on CoinGape.

JPMorgan clients Bitcoin could end 2022 at or above $60,000.

Ethereum is more valuable than Bitcoin, according to Kenneth Worthington, a financial analyst at JPMorgan. The US bank’s clients are of the opinion that Bitcoin could end 2022 at or above $60,000 based on a recent report. In a recent report, JP Morgan had asked clients where they see Bitcoin trading at the end of […]

Bitcoin continues to struggle at $42,000 as some altcoins see green.

Following the latest price corrections, bitcoin attempted a quick recovery in the past 24 hours but was stopped at its tracks at nearly $43,000. Most altcoins are slightly in the green, while a few have produced more impressive increases, such as Avalanche and Polygon. The primary cryptocurrency has been on a downtrend for several days. […]

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