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news-imageSeptember 22, 2022

Bitcoin Price and Ethereum Escape Bearish Breakdown, DCR Surges

Bitcoin price managed to stay above the $18,500 support zone. BTC is currently (11:00 UTC) trading above $19,000. However, the price is still facing a couple of major hurdles near $19,500 and $19,600.
Publisher: Cryptonews
Sentiment: Positive
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Negative
cover-imageBenzinga
April 22, 2025

Bitcoin Is Dependent On The US, Not A 'Non-Dollar Asset,' Peter Schiff Says

Bitcoin's (CRYPTO: BTC) status as a non-risk asset is on shaky grounds, according to prominent critic Peter Schiff, who noted its high interdependence with the U.S. economy. What Happened: In a post on X on Monday, Schiff pushed back the idea of Bitcoin as a "non-dollar asset" or a hedge against the dollar, which assumes that BTC is outside U.S. influence.

Negative
cover-imageCointelegraph
April 22, 2025

Bitcoin-to-gold ratio risks 35% decline following Wall Street's $13T wipeout

Bitcoin's (BTC) value relative to gold (XAU) may be poised for a steep 35% drop as it mirrors historical bear market signals and reacts to massive turbulence that has wiped out $13 trillion from the US stock market.Bitcoin's breaks below key gold support As of April 22, the BTC/XAU ratio had closed below its 50-period exponential moving average (50-period EMA; the red wave) on the two-week chart for the first time since April 2022. BTC/XAU two-week performance chart.

Positive
cover-imageBenzinga
April 22, 2025

Bitcoin Reclaims $90,000: Is 'Digital Gold' Heading To $100,000 Next?

Bitcoin (CRYPTO: BTC) on Tuesday surged past the $90,000 mark for a 2.5% daily gain, as experts point to its growing perception as a safe-haven asset akin to “digital gold” amid a weakening U.S. dollar and market volatility. What Happened: The rally, which saw Bitcoin hit a high of $90,480, coincides with gold reaching new highs and U.S. equities sliding to tariff-era lows, prompting analysts to reevaluate the cryptocurrency's role in portfolio diversification.

Positive
cover-imageThe Cryptonomist
April 22, 2025

Bitdeer invests 60 million dollars to enhance ASIC production for Bitcoin mining in a context of record hashrate

The cryptocurrency mining company Bitdeer has recently secured a funding of 60 million dollars with the aim of expanding the production of ASIC for Bitcoin mining and strengthening its self-mining operations. This happens at a time when competition in the sector is becoming increasingly fierce. This investment comes in a context where the hashrate of the Bitcoin network has reached unprecedented levels, putting pressure on the profit margins of miners.

Positive
cover-imageCointelegraph
April 22, 2025

Bitdeer secures $60M to boost Bitcoin ASIC production amid record hashrate

Bitcoin mining firm Bitdeer has secured a $60 million loan to ramp up its Bitcoin ASIC manufacturing efforts as global mining competition intensifies amid record-breaking network hashrates. According to its annual report, Bitdeer entered a loan agreement in April with affiliate firm Matrixport, a crypto financial services company founded by Bitdeer chairman Jihan Wu.

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