BTC/USD sheds $1,000 almost instantly as China's third-largest bank puts the cats amongst the pigeons in early trading.
Crypto markets provide a bird’s-eye view of a burgeoning crypto economy including Bitcoin (BTC) and a host of other crypto networks. The cryptocurrency market is radically different from the traditional global financial and commodities markets. Not only is the structure of these underlying assets fundamentally different, as they are natively digital and noncustodial in many cases, but the market participants are different as well.
Cryptocurrency networks such as Bitcoin feature a unique composition of stakeholders. There are the miners, which provide security and uptime to the network while earning cryptocurrency for their efforts; traders and investors navigating the ebbs and flows of the market for maximum profits; developers, who are the open-source builders working toward scaling and improving these protocols; and individual users, who may speculate or use their crypto to some productive capacity.
The dynamics among these stakeholders in these decentralized, open, permissionless systems are in striking contrast to traditional finance and are main topics of discourse in the space.
Stay tuned to news, analysis and in-depth coverage of crypto markets with Cointelegraph.
Major funds are probably interested in Bitcoin and altcoins, but four significant hurdles are preventing them from investing.4215
If Bitcoin price remains in the current range, ADA, THETA, XMR and AMP could bounce higher over the coming days.17482
The only way is (more or less) up for BTC price action, the analyst insists, offering a potential 2021 high of $450,000.45943
Downward volatility hits the market on Sunday, as market participants argue that most of the drop is already complete.60454
Ether could take longer than 12 months to regain ground versus Bitcoin due to increased uncertainties surrounding the shift to ETH 2.0 and reservations from institutional investors.17086
Analysts and traders are linking Bitcoin's bearish turn with the growing strength of the U.S. dollar, but data suggests otherwise.7374
Downside risks for BTC price are also heightened due to the recent dollar bounce.32436
PERL price defied the marketwide downturn with a 100% rally following the release of an environmentally friendly focused platform that provides users with carbon credits.8435
Bitcoin price drops a leg lower and stocks slump after St. Lous Federal Reserve President James Bullard signals that interest rates could rise by the end of this year.10686
Bitcoin’s drop to $35,130 has bulls hesitant to buy the current dip but on-chain data shows long-term holders continue to accumulate.16526
Traders expect further downside from Bitcoin and altcoins after BTC dropped below a key support level at $36,000.17626
The meme cryptocurrency has crashed by over 60% from its May 8 peak and one analyst believes it has another 60% deeper to go.34386
Support at $36,000 may also be temporary, one trader warns, after a major Binance buy wall is obliterated.9285
Bitcoin's production cost is dropping, and price action often rebounds to new highs if it dips below it, data shows.15497