Bitcoin

Bitcoin approaches US$70,000 as risk appetite returns to crypto

The token is down nearly 50% from an all-time high of almost US$127,000 reached in early October

Bitcoin has fallen alongside – and at times faster than – the macro risks it was meant to hedge.

Hedge funds that piled into US Bitcoin funds are first to exit

A shift in price momentum is partly the reason. Bitcoin has fallen with, and at times faster than, the macro risks it was meant to hedge

Cryptocurrencies have remained fragile since a wave of liquidations in October eroded market confidence, with Bitcoin plunging 24% in the three months ended Dec 31.

Bitcoin trapped in fragile trading as hedge funds pivot to cash

The token is down about 50% from an all-time high of almost US$127,000 reached in early October

Bitcoin is down more than 45% from its October peak of just over US$126,000 and has repeatedly failed to sustain rebounds, a sign that speculative demand is thinning.

Bitcoin under pressure in Asia after Standard Chartered warning

The broader crypto market has shed nearly US$2 trillion in value over the same stretch

While the crypto-friendly administration has been seen as a boon for the industry, Bitcoin recently reached its longest monthly losing streak since 2018.

Crypto investor exodus weighs heavier on Bitcoin also-ran Ether

Both crypto tokens have seen billions in outflows from their ETFs since the early October crash

Bitcoin’s slump from a peak of US$126,000 in October last year comes despite the backdrop of a crypto-friendly White House and surging institutional adoption.

Bitcoin falls below US$70,000 after wild roller-coaster ride

The move was still relatively tame compared with last week’s wild swings

Bitcoin prices briefly slumped 17% to 81.1 million won on Friday evening on Bithumb.

South Korean crypto firm accidentally sends US$44 billion in bitcoins to users

[SEOUL] South Korean cryptocurrency exchange Bithumb said on Saturday (Feb 7) it had accidentally given away more than US$40 billion worth of bitcoins to customers as promotional rewards, triggering a...

The Chinese authorities reiterated Beijing’s long-standing stance that cryptocurrencies including Bitcoin, Ether and stablecoins have no legal status equivalent to fiat money.

China bars unapproved issuance of renminbi stablecoins abroad

Beijing’s move comes at a time of elevated volatility in crypto markets