Bitcoin


Markets

Yemen's Civil War Shows the Dangers of Crypto

The ongoing civil war in Yemen highlights the contradictions underlying bitcoin adoption.

A Yemeni sitting on a destroyed house. (Credit: Shutterstock / akramalrasny)

Markets

As Fed Contemplates Coronavirus-Prompted Easing, Bitcoin Traders Bet on Halving

Investors are betting the Fed will quickly slash rates amid coronavirus jitters. Whether they turn to bitcoin as a crisis hedge remains to be seen.

Federal Reserve Chair Jerome Powell

Markets

Bitcoin News Roundup for Feb. 28, 2020

Bitcoin in the dumps along with the Dow, top miners are racing to the halving, and Microsoft kills crypto jackers. It's the Markets Daily Podcast from CoinDesk.

MD FEB 27 RELEASE

Markets

Bitcoin Closes on First February Price Loss Since 2014

Bitcoin risks ending the second month on a negative note for the first time in years and could suffer deeper declines in the short-term.

btc chart

Markets

Coronavirus Hits US Stocks, Bitcoin Climbs, Haven Status Unclear

The spreading coronavirus sowed a new bout of fear among investors, triggering a stock market sell-off and flight to safe-haven assets like gold and U.S. Treasury bonds.

Coronavirus have a "crown-like" structure, image via the Ecohealth Alliance

Markets

Bitcoin Sees Corrective Price Bounce After Hitting One-Month Lows

Bitcoin's recovery from four-week lows could be extended to $9,000. However, the risk of deeper declines will persist as long as prices are below $9,400.

btc chart

Markets

Over $190M in Bitcoin Liquidated on BitMEX Amid Crypto Market Sell-Off

The crypto markets were shaken Wednesday amid a flurry of selling that saw more than $190 million worth of longs and shorts liquidated on BitMEX.

Water ripple. (Credit: Shutterstock)

Finance

Bitcoin Drove Half of Square's Cash App Revenue in the 4th Quarter

Square reported bitcoin revenues of $178 million between Nov. 1 and Dec. 31, 2019, with profits of $3 million, up 50 percent over the prior two quarters.

Square CEO Jack Dorsey

Markets

February Gains Disappear as Bitcoin Drops Below $9k

Crossing below the $9,000 price level is a new low for February 2020. Bitcoin has not traded below the $9,000 threshold since January 27, when it began a march to new highs in the $10,500 range.

bpigraphfeb262020

Markets

Bitcoin Erases 38% of 2020 Price Rally as Bears Gain Strength

The stage looks set for a further drop to below $9,000, albeit after a minor bounce.

btc chart