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The Latest Breaking News from Bitcoin

Bitcoin Faces Uncertain Macro Environment But Impact From Terra Blowup Contained: What Ark Invest Said In Inaugural The Bitcoin Monthly Report

Ark Invest launched a new product over the weekend called The Bitcoin Monthly. Here’s what was covered in the first-ever issue of the online publication.

Benzinga

Security or Commodity? New Crypto Legislation to Provide Clarity

Sen. Cynthia Lummis (R-WY) and Sen. Kirsten Gillibrand (D-NY) will introduce on June 7 the Responsible Financial Innovation Act, which proposes integrating digital assets formally into the American financial systems.

Benzinga

Here's The Bull, Bear Case For Ethereum Classic As The Crypto's Range Tightens

Ethereum Classic (CRYPTO: ETC) spiked up more than 7% higher between 8 p.m. on Sunday and 4 a.m. on Monday before entering into a downtrend on smaller timeframes.

Benzinga

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Coinbase Holds Strong On Bitcoin, Ethereum Strength: Here's Why The Stock Must Hold This Pattern

Coinbase Global, Inc (NASDAQ: COIN) surged 12% over Friday’s closing price on Monday morning, before retracing down to trade about 5% higher at press time.

Benzinga

Who Are The People Using Crypto As Payment?

Bitcoin (CRYPTO: BTC) printed its first green weekly candle in 10 weeks yesterday, as the crypto markets are seeing some relief this morning. Bitcoin is now facing significant resistance around $31,500-$32,000, but if it can hold above this level, we can expect continuation to the upside.

Benzinga

Better Buy: Marathon Digital vs. Hive Blockchain Technologies

Massive sell-offs in the crypto market have caused the stocks of prominent cryptocurrency companies Marathon Digital Holdings (MARA) and HIVE Blockchain Technologies (HIVE) to suffer significant price retreats of late. But which of these stocks is a better buy at their current price levels? Read more to learn our view.

StockNews.com

Cryptocurrency Wrapped Bitcoin Up More Than 4% In 24 hours

Wrapped Bitcoin's (CRYPTO:WBTC) price has increased 4.19% over the past 24 hours to $31,276.00. Over the past week, WBTC has experienced an uptick of over 2.0%, moving from $30,705.09 to its current price. As it stands right now, the coin's all-time high is $70,643.00.

Benzinga

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BZ Chart Of The Day: Bitcoin Forms Classic Pattern

Bitcoin may be about to move higher. It has formed a classic rectangle pattern on its chart. This pattern can indicate a reversal.

Benzinga

Anonymous Crypto Wallet Moves $147M Worth Of Bitcoin Onto Gemini

What happened: An anonymous cryptocurrency wallet holding $147,616,283 of Bitcoin (CRYPTO: BTC) just transferred their funds onto Gemini. The bitcoin wallet address tied to this transfer has been identified as: 38UmuUqPCrFmQo4khkomQwZ4VbY2nZMJ67

Benzinga

Bitcoin Whale Moves 5,001 BTC Off Gemini

What happened: A Bitcoin (CRYPTO: BTC) whale just sent $149,793,504 worth of Bitcoin off Gemini. The BTC address associated with this transaction has been identified as: 3Kzh9qAqVWQhEsfQz7zEQL1EuSx5tyNLNS.

Benzinga

10,000 Bitcoin Was Just Transferred From Coinbase To Gemini

What happened: An anonymous Bitcoin (CRYPTO: BTC) whale just transferred $300,567,613 worth of Bitcoin off Coinbase, and the investor then sent these funds to Gemini.

Benzinga

Someone Just Sent $426M In Bitcoin To An Anonymous Wallet

What happened: $426,868,940 worth of Bitcoin (CRYPTO: BTC) was just moved between 2 anonymous cryptocurrency wallets in a single transaction. This mysterious person's bitcoin wallet address has been identified as: bc1q6pqn309cee3zchs9tn5gs5ft3mjkzmyf4grea0mmyhu9qvnn76tsdy52wc

Benzinga

What Happens When Your Bitcoin Miner Drops By 80%? In this Case, You Beat The Market By 10%.

Levered Bets on Bitcoin Go Both Ways Good news for an underlying commodity tends to be even better news for companies that mine it, all else equal, thanks to their inherent operational leverage. Frank Holmes explained the concept using gold miners as an example, in an article a few years back:

Benzinga

Down More Than 70% in 2022, is Now a Good Time to Buy Core Scientific?

The shares of digital asset mining company Core Scientific (CORZ) have plummeted more than 70% in price since their listing on January 20 due to bearish investor sentiment and industry headwinds. And because analysts expect the “crypto winter” to continue, the question is will CORZ be able to regain forward…

StockNews.com

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Benzinga

Bitcoin Rises More Than 5% In 24 hours

Over the past 24 hours, Bitcoin's (CRYPTO: BTC) price has risen 5.9% to $31,404.00. This continues its positive trend over the past week where it has experienced a 3.0% gain, moving from $30,491.84 to its current price.

Benzinga

Cathie Wood Says Incoming Bitcoin Volatility Will Be To The Upside

Cathie Wood, the founder and CIO of Ark Investment Management, believes that the next big bout of Bitcoin (CRYPTO: BTC) volatility will be favorable for holders of the digital asset.

Benzinga

Why Bitcoin-, Ethereum- And Litecoin-Related Stocks Are Rising Today

Shares of crypto-related stocks, including Coinbase Global Inc (NASDAQ: COIN) and MicroStrategy Incorporated (NASDAQ: MSTR), are trading higher Monday morning amid an increase in the price of Bitcoin

The Guardian - AU

Cryptocurrency and tax: could you end up paying the ATO more than you earned?

A lot of investors don’t understand their liability, warn tax agents, while others call for the complicated Australian system to be overhauled

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Benzinga

Benzinga Bulls And Bears Of The Week: Amazon, Tesla, Palantir, Coinbase, And A Company Betting Big On Bitcoin

Benzinga has examined the prospects for many investors' favorite stocks over the past week, while offering a 24/7 news feed, live chat and charting software on Benzinga Pro.

The Guardian - UK

Crypto has crashed – can it bounce back?

Plummeting prices and lost life savings confirmed for many that the blockchain dream was too good to be true – and it may now struggle to hit past highs

Benzinga

This Crypto Analyst Predicts Price Rebounds For Bitcoin And Ethereum: Here's How High They're Going

Amsterdam-based popular cryptocurrency analyst Michaël van de Poppe says Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) are on the verge of bouncing back in the market.

Benzinga

Here's How People Lost Close To $1B Worth Of Crypto (Mostly Bitcoin) To Scammers

A new report by the Federal Trade Commission suggests that more than 46,000 people reported losing over $1 billion in payment scams involving cryptocurrencies since the start of 2021.

The Guardian - UK

Penny savings: taking the measure of money at the Ashmolean museum

The Oxford museum’s Heberden coin room holds antique cash objects from around the world. As we test our faith in digital cryptocurrencies, what can we learn from its collection?

Benzinga

Here's How Much You'd Have Now If You Invested $100 In Bitcoin, Ethereum, Apple, Microsoft, Tesla, Amazon And Nvidia 5 Years Ago

Investors who placed their hard-earned cash into major U.S. indices have enjoyed respectable returns over the past five years.

Benzinga

Bullish: Ethereum On-Chain Fundamentals Paint A Positive Outlook For The Future

Things may be looking up for Ethereum (CRYPTO: ETH) with numerous on-chain data parameters painting a bullish picture for the coin.

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