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Bitcoin sees slight rebound after nearly falling below $20,000, but it’s still at late 2020 levels Via CNBC.com: Bitcoin rose on Thursday following a similar jump in U.S. stocks, but investors are still reeling from a dramatic plunge over the last few days that saw the world’s largest cryptocurrency almost drop below $20,000. At 3:40 a.m. ET, bitcoin was trading at around $21,667.90, up nearly 3% in the past day, […]

Lagarde Calls For Crypto Crackdown, Says They're "Based On Nothing" Via ZeroHedge: European Central Bank President Christine Lagarde has taken aim at cryptocurrencies, arguing in an interview on Dutch television that they’re essentially “worth nothing” as they lack underlying assets “as an anchor to safety” while calling for them to be regulated. Lagarde made the remarks in an interview on the Dutch television program “College Tour,” due to be released on May […]

$3 billion in bitcoin was sold in a last-ditch attempt to save UST stablecoin from collapse Via CNBC.com: Investors have been eager to find out what happened to the $3 billion in bitcoinbought up by crypto firm Terra to back its failed stablecoin. Now, they’ve got their answer. Luna Foundation Guard, a fund set up by Terra creator Do Kwon, said Mondayit spent almost all of the bitcoin in its […]

Bitcoin slips back below $30,000 as investors digest hot U.S. inflation report Via CNBC.com: Bitcoin dropped below the $30,000 for the second time this week after new inflation data shows consumer prices remain at 40-year highs. The price of bitcoin was last down 7% at $29,135.00, according to Coin Metrics. Earlier in the day it dropped as low as $29,026.66, its weakest point since December 2020. Ether fell 10% to […]

Bitcoin dips below $30,000, drops more than 56% from its all-time high Via CNBC.com: Bitcoin dropped below the $30,000 level late Monday, breaching a symbolic price threshold. At its lowest price point, the world’s most popular cryptocurrency was more than 12% lower on the day — and more than 56% off its November all-time high of around $69,000. The last time bitcoin traded below $30,000 was in July 2021, when […]

Bitcoin drops below $34,000 to hit its lowest level since January after stock sell-off Via CNBC.com: Bitcoin continued to slide after a broader stock sell-off in the U.S. last week sent the cryptocurrency market into a frenzy and prompted the cryptocurrency to plummet by roughly 10%. Bitcoin, the world’s largest digital currency by market value, was lower by about 3% at $33,594.50 at around 3:36 a.m. ET, according to data […]

Secret Service seizes more than $102 million in crypto assets Via CNBC.com: The U.S. Secret Service is cracking down on illicit digital currency transactions, seizing more than $102 million in cryptocurrency from criminals in connection with fraud-related investigations. David Smith, assistant director of investigations, said agents and analysts actively track the flow of bitcoin and other cryptocurrencies on the blockchain, similar to an old-fashioned surveillance. Best known for protecting presidents, […]