Bitcoin (BTC) rose sharply on Wednesday to break above $22,000 as risk appetite resurfaced following the US Federal Reserve’s move to raise interest rates by 75 basis points. BTC was trading around $22,575 at 15:20 pm ET on Wednesday, up nearly 10% in the past
The cryptocurrency market is having an excellent Wednesday after underperforming over the past two days. The cryptocurrency market is recovering from the losses it recorded earlier this week. After dropping below the $1 trillion mark earlier this week, the total cryptocurrency market currently stands above
The South Korean government has moved to defer proposed cryptocurrency taxes up to 2025. The country has cited the weak market conditions as one of the reasons for the move. This is a big move considering South Korea is one of the biggest global cryptocurrency
The broader cryptocurrency market is down by more than 2% in the last 24 hours. The cryptocurrency market has been underperforming over the past 24 hours. Following last week’s rally, the broader market started this week in a bearish fashion. The crypto market has lost
FTX’s Sam Bankman-Fried is willing to lose money to ensure that the cryptocurrency industry operates as it should. Bankman-Fried, FTX co-founder and CEO, told attendees at the Bloomberg Crypto Summit in New York on Tuesday that he isn’t bothered by losing some money if his
Bitcoin (BTC) price rose as much as 8% in 24 hours to top $24,287 on crypto exchange Coinbase, its highest price in over a month. The upside came as a broader market rally saw most cryptocurrencies post significant gains to erase recent losses, with Ethereum
Tesla, which is the leading electric motor company and one of the companies that had accumulated the largest amount of bitcoins, has sold 75% of its bitcoin holdings in the second quarter of 2022. According to Tesla’s second-quarter report: “As of the end of Q2,
Celsius, a renowned crypto lender, has obtained crucial approval to go ahead with its plan of building a Bitcoin mining plant as it tries to find ways of returning it back to financial stability. The value of Celsius assets decreased from $22.1 billion to $4.3