The cryptocurrency industry has been through a lot this year and another interest rate hike from the Federal Reserve is expected to plummet the price of crypto assets, including the major ones like Bitcoin and Ethereum.
The upcoming Bitcoin halving event for block number 840K in the spring of 2024 could postively impact the price of Bitcoin.
"I'm nearly bankrupt," says Jad Fawaz, a crypto trader in Abu Dhabi. "I'm laughing because there's no point in exerting more depression and more frustration about it."
Bitcoin traded at $17,000 levels on Sunday showing an almost 2% increase as investors hoped for a friendlier interest rate hike decision from the U.S. Central Bank.
Some Federal Reserve officials in the minutes of the meeting were quoted saying, that "slowing the pace of increase could reduce the risk of instability in the financial system."
These kinds of retail investors seemed undeterred by the ongoing crypto market crisis.
Earlier this week, Bitcoin entered the $15,000 territory and hit a two-year low price.
The continuing FUD hovering in the industry pummels top crypto assets like Bitcoin and Ethereum.
Despite the prolonged crypto winter, billionaires are not fazed and some are even bullish about Bitcoin.
Self-custody of cryptocurrency assets means investors have complete control of their crypto assets without the need to rely on any third party like the CEX.
Roughly three-quarters of people who have bought bitcoin have lost money according to a study published Monday.
According to an announcement, the company suffered a "minimal bitcoin impairment charge" due to lowered volatility in the price of the world's biggest crypto exchange in the third quarter of this year.
Pick n Pay has successfully completed the testing of accepting Bitcoin for payments for groceries at physical stores.
Asset manager Stone Ridge will invest $250,000 in select Taro and Lightning Network startups.
The service, which allows users to receive Bitcoin via Lightning Network, is available for all U.S. users, except those in New York.
Bitcoin has broken above $20,000 after weeks of decreased volatility resulting in $805.6 million being liquidated in the entire space in the last 24 hours.
Two Chinese intelligence officials, Guochun He and Zheng Wang, attempted to bribe a U.S. government employee with $61,000 in Bitcoin to gain access to crucial info.
The sale of the BTC "should not be taken as some verdict on bitcoin," Musk said after Tesla sold 75% of its BTC holdings in Q2 2022.
The financial regulator has approved multiple Bitcoin futures ETFs but is yet to sanction a Bitcoin spot ETF.
Bitcoin's market dominance dropped to a four-year low Thursday after altcoins outperformed the leading cryptocurrency.
Draper did not proceed with the planned venture after "discovering" that he was dealing with an impostor.
Bitcoin is the world's largest crypto asset by market capitalization.
The hacker who stole and leaked Rockstar Games' confidential files denied they sold the source code of the hit game "GTA 5."
MicroStrategy has once again made a Bitcoin purchase, this time buying 301 BTC for around $6 million.
A major Fed interest rate hike could impact the price of cryptocurrencies, particularly Bitcoin.
The company might allow its 34 million individual investors to be able to purchase the leading crypto coin via its brokerage platform, The Wall Street Journal reported.
The head of SEC, Gary Gensler, said that he supports the CFTC having more regulatory oversight over non-security cryptocurrencies.
Crypto market analysts are on the lookout for whales' activities since their movements impact the market.
Who can save bitcoin?The world's biggest cryptocurrency can't seem to catch a break.
"Retail investors are getting a little nervous about another risk-off period for the markets," a financial analyst said.