Crypto News

© Reuters Bitcoin to 200-Week MA? Huge Risk Revealed by Bloomberg’s Mike McGlone Mike McGlone, the senior commodity strategist at Bloomberg Intelligence, has published a post on the X social media platform to reveal an ominous prospect that Bitcoin is facing at the moment. He tweeted that Bitcoin is reversing to go toward the 200-week moving average, which may indicate a massive price decline in the future. Maturation implications for Bitcoin on horizon In his tweet, McGlone mentioned that he sees a high chance of unfriendly trends for Bitcoin unraveling soon. On the chart, McGlone says, Bitcoin is reversing toward the 200-week moving average in correlation with the stock market and the S&P 500 Index. The chart also refers to this...

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2468.7, up 1.2% (+29.84) since 4 p.m. ET on Wednesday. Eighteen of 20 assets are trading higher. Leaders: BCH (+4.2%) and NEAR (+3.7%). Laggards: APT (-1.4%) and FIL (-1.1%). The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally. https://finance.yahoo.com/news/coindesk-20-performance-bitcoin-cash-131046102.html

© Reuters. Mysterious Bitcoin (BTC) Transfer Stuns World's Largest Crypto Exchange There has been a surprising on-chain movement that has got crypto observers paying attention. A total of 600 BTC - worth about $50,603,597 - was transferred to Binance in one go, and the community wondered where it came from and what it is all about. Whale Alert picked up on the transaction, which came from an unknown wallet, and the community started talking about it. Blockchain data shows that the Bitcoin (BTC) came from a wallet connected to BIT.com (Matrixport), a centralized exchange with over $101 million in total assets. The transaction moved a total of 699.9999949 BTC, split between two outputs: A total of 600 BTC were sent to Binance, and...

Bitcoin (CRYPTO: BTC) has sometimes been referred to as "digital gold," suggesting that it can be a safe haven type of investment, and that it can help hedge against volatility in the stock market. But is that really the case? Based on how it's done this year and during the last big market crash, it looks to be the complete opposite. Bitcoin has crashed right along with the markets Gold is supposed to offer investors some stability in hard times. It's generally seen as a good way to store value, and investors normally flock to it when they are worried about the economy or the markets in general. Crypto investors see Bitcoin as potentially filling the same role, but in a digital way. However, with the S&P 500 index in a free fall in...

© Reuters Investing.com -- Blocksquare entered into agreement with Vera Capital to tokenize $1 billion worth of real estate assets across the United States, Investing.com has learned. Blocksquare, which is developing the infrastructure that enables the tokenization of real estate globally, said this move is set to transform a vast portfolio of commercial and multifamily properties into accessible investment opportunities through blockchain technology. On the other hand, the partnership will see Vera Capital launching a digital marketplace, utilizing Blocksquare’s white-label platform to offer global investors tokenized shares of institutional-grade properties. The initiative began with the tokenization of a commercial property in...

© Reuters. 'Bitcoin Will Crash': Schiff's Grim Prediction With a pessimistic new forecast, Peter Schiff, a longtime opponent of Bitcoin and supporter of gold, has stirred up controversy in the financial community. According to Schiff’s most recent comments, Bitcoin pumpers and their "paid shills" on CNBC are making a big deal about Bitcoin’s resiliency, as it has not dropped as much as the NASDAQ lately. However, that is only because investors are hoping it will eventually follow gold. Bitcoin will crash when people sell because they are fed up with waiting. This assertion is being made during a time when Bitcoin is reasonably stable. The digital asset is currently trading at about $84,000, gaining some ground above important moving...

There are thousands of cryptocurrencies on the market these days. But there's just a handful of elite names I'd recommend buying in this unstable economy. In a race with lots of challengers and runners-up, I'm focused on five top coins that look ready to thrive in the long run. These are not the only cryptocurrencies in my portfolio, but they are the only ones I'd trust for the long haul. They play very specific roles in the diverse crypto sector. All five come with long operating histories and ambitious plans for their technology development. Read on to see why I trust Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), XRP (CRYPTO: XRP), Chainlink (CRYPTO: LINK), and Polkadot (CRYPTO: DOT) to stick around for the decades ahead, rewarding...

Bybit Brings Exclusive Hands-on P2P Workshop Experiences to LATAM Buenos Aires RSVP - Mexico City The events are by registration only, and successful registrants will receive formal confirmation from Bybit P2P. P2P trading transforms finance by enabling direct selling and buying of crypto between individuals. Bybit P2P streamlines price matching, offers enterprise-level custodianship and execution, and allows users to utilize local payment methods with 24/7 support. The solution lowers reliance on traditional intermediaries, improving cost efficiency and making digital assets more accessible to people from diverse economic backgrounds. #Bybit / #TheCryptoArk About Bybit Bybit is the world’s second-largest cryptocurrency...

Vilnius, Lithuania, April 17th, 2025, Chainwire WhiteBIT, the largest European cryptocurrency exchange by traffic, proudly participated as a Golden Partner at Liquidity 2025, the premier Institutional Digital Asset Summit by LTP, bringing its latest suite of institutional services to the forefront of the global financial conversation. This underscores WhiteBIT’s commitment to expanding institutional access to digital assets and fostering the integration of centralized finance (CeFi) with decentralized finance (DeFi) in a compliant and innovative manner. Held in Hong Kong, Liquidity 2025 brought together the leading asset managers, financial institutions, trading experts, custodians, and regulators to discuss the future of digital...

© Reuters DOGE Team Likens Bitcoin to 'Hungry, Hungry Hippos', Opposing Saylor’s BTC Vision In a recently published post on the X social media network, the Dogecoin team opposed the recent tweet by Michael Saylor in which he shared his Bitcoin vision, comparing BTC to chess. The DOGE team seems to believe that Bitcoin is far from being similar to chess but rather looks like another popular game. "Bitcoin is hungry hungry hippos," Dogecoin team says The Dogecoin account’s X post is a response to Michael Saylor’s bullish Bitcoin statement yesterday amid the BTC market uncertainty. On Wednesday, he published an AI-generated image of himself sitting at a chess board with chess pieces on it. The caption he gave to the image was short and...

There are thousands of cryptocurrencies on the market these days. But there's just a handful of elite names I'd recommend buying in this unstable economy. In a race with lots of challengers and runners-up, I'm focused on five top coins that look ready to thrive in the long run. These are not the only cryptocurrencies in my portfolio, but they are the only ones I'd trust for the long haul. They play very specific roles in the diverse crypto sector. All five come with long operating histories and ambitious plans for their technology development. Read on to see why I trust Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), XRP (CRYPTO: XRP), Chainlink (CRYPTO: LINK), and Polkadot (CRYPTO: DOT) to stick around for the decades ahead, rewarding...

President Donald Trump's trade war has introduced significant volatility to financial markets since March, prompting investors to chase assets they believe provide a hedge in this turbulent environment. What's clear: Bitcoin (BTC) is not one of them, much to the dismay of bullish investors who have long thought of the largest cryptocurrency as digital gold either as a store of value or a haven investment. The reality is that since the onset of the trade war, bitcoin has become more closely correlated with the Aussie dollar-yen pair (AUD/JPY), the foreign exchange market’s risk barometer. Data from TradingView show the 90-day correlation coefficient between bitcoin and the AUD/JPY pair flipped positive in late February and has since...

Bybit kicks off 555% APR boost and airdrop for new deposit users offering up to 555 percent APR on USDT and a 5 USDT airdrop as part of a limited-time promotion. This campaign runs until June 30, 2025, and is open to first-time users who complete level 1 identity verification. To join, users need to deposit at least 100 USDT using a credit or debit card through one-click buy, fiat deposit or their preferred P2P payment method. Once eligible, they can stake between 100 and 300 USDT in a two-day fixed savings plan to earn extra rewards—and receive a 5 USDT airdrop once it’s complete. Spots are limited and the offer is restricted to one subscription per eligible user. It is worth noting that Bybit’s Savings product suite offers both...

SimpleFX Expands Global Trading Offer with Over 1000 Instruments Kingstown, Saint Vincent and the Grenadines, April 17th, 2025, Chainwire SimpleFX has announced a significant expansion of its trading offer, increasing its portfolio to include over 1,000 financial assets spanning global markets. This development marks a strategic extension of the platform’s multi-asset trading capabilities, aimed at providing broader market access to its users. Expanded Equities and Geographic Coverage The update introduces hundreds of new equities from regions including Australia, Malaysia, Hong Kong, the Republic of South Africa, and Singapore. SimpleFX has also extended its coverage in key markets such as Brazil, Germany, France, Japan, Sweden...

Coinbase’s latest market report paints a mixed picture for the crypto market, showing signs of decline but also potential for recovery later in the year. The report, published on April 15, reveals that the altcoin market cap has dropped by 41%, from $1.6 trillion in December 2024 to about $950 billion by mid-April 2025. This marks a significant contraction, with the market reaching as low as $906.9 billion on April 9. Venture capital funding for crypto projects has also decreased by 50-60% from the highs of 2021-2022, with these factors contributing to a gloomy outlook for the sector. Coinbase’s global head of research pointed to these issues, alongside global trade tariffs and ongoing economic uncertainty, as factors that may signal...

Bitcoin dipped 1.5% to $83,700 during remarks by Federal Reserve Chair Jerome Powell at the Economic Club of Chicago on Wednesday. The cryptocurrency later steadied at $83,800, down 0.5% over 24 hours. The S&P 500 also slipped 2% midday before partially recovering. The moves followed Powell’s cautious comments on inflation, tariffs, and monetary policy. Powell said recent tariff increases imposed by President Donald Trump’s administration were larger than expected and may produce more persistent economic effects. He said inflation was likely to rise temporarily due to the tariffs but added it was too early to determine the long-term impact. “We may find ourselves in the challenging scenario in which our dual mandate goals are in...

© Reuters Investing.com-- Bitcoin climbed on Thursday as markets hoped U.S. President Donald Trump would negotiate tariffs with key trading partners, while they assessed Federal Reserve Chair Jerome Powell’s hawkish comments. The world’s largest cryptocurrency rose 1.6% to $84,699.0 by 03:15 ET (07:15 GMT). The token had fallen to a low of near $83,000 on Wednesday. Trump hails ’big progress’ in tariff talks with Japan The cryptocurrency gained ground as markets responded positively to signs of possible tariff negotiations with major U.S. trading partners, including Japan and China.  President Trump said “big progress” was made after a meeting with a Japanese trade delegation in Washington on Wednesday, as the two nations opened...

Solinabot Records Over 2900 SOL in Processed Payouts on Telegram Singapore, Singapore, April 17th, 2025, Chainwire Solinabot Records Over 2900 SOL in Processed Payouts on Telegram Since February Launch Since its launch at the end of February 2025, Solinabot, a Telegram-based decentralized finance (DeFi) application built on the Solana blockchain, has processed over 650 verified payouts, totaling more than 2900 SOL. The team reports that all payouts are verifiable on-chain, with transparency maintained via the official Telegram payout channel, where users can observe recent transactions and associated TxIDs. The Solinabot community has grown steadily, reaching over 1050 members, reflecting increased engagement and interest. According...

Bhutan is exploring ways to mine and leverage green cryptocurrencies using hydropower to boost its economy and create jobs, according to the chief executive of its sovereign wealth fund. Green cryptocurrencies are digital currencies mined using clean energy resources such as wind, hydro, or solar power instead of fossil fuels. Bhutan, sandwiched between India and China, has earned millions by investing in popular cryptocurrencies and used some of the profits to pay government salaries, according to officials in Thimphu, the capital. "We are a nation that runs 100% on hydropower, and every digital coin we mine in Bhutan using hydropower offsets that coin which gets mined using fossil fuels," said Ujjwal Deep Dahal, CEO of Druk Holding...

A federal judge agreed to pause an ongoing lawsuit between 18 state attorneys general and a decentralized finance lobbyist group against the U.S. Securities and Exchange Commission (SEC) on Wednesday, after the parties noted the SEC's new leadership. The state AGs, all Republicans, filed the lawsuit alongside the DeFi Education Fund last November after Donald Trump's win in the 2024 presidential election. They allege that the federal securities regulator had exceeded its authority in filing lawsuits against crypto exchanges. In Wednesday's filing, the SEC suggested that Paul Atkins' confirmation as the new agency chair could end the litigation. "As support, the Defendants state that due to a leadership transition in the Securities and...