News

Bitcoin helps USD's reserve status ‘in a strange way’: Coinbase CEO

Coinbase CEO Brian Armstrong stated that Bitcoin is indirectly supporting the U.S. dollar's status as the world's reserve currency. He explained that the growing adoption of Bitcoin and other cryptocurrencies is leading to increased interest in the dollar, as many crypto transactions still rely on fiat currencies. Armstrong emphasized that while Bitcoin is often seen as a competitor to traditional finance, it can also bolster the dollar's dominance. He noted that the integration of cryptocurrencies into the financial system could enhance the overall stability of the dollar.

Read the full article: Coin Telegraph

Bitcoin Profit Cycle Turns Negative for First Time Since 2023: CryptoQuant

Bitcoin's profit cycle has turned negative for the first time since 2023, according to data from CryptoQuant. This shift indicates that more investors are selling at a loss rather than at a profit, raising concerns about market sentiment. The decline in profitability is attributed to various factors, including

Bitcoin returns fail to match risks, just like 2022

Bitcoin's returns in 2023 have not compensated for the associated risks, mirroring the trends observed in 2022. Despite a notable price recovery, the volatility and potential for significant losses remain high, leading to a risk-return imbalance. Analysts highlight that investors are still grappling with the aftermath of last

DOJ Flags Three Crypto Cases in 'America First' Push Against Fraud

The U.S. Department of Justice (DOJ) has identified three significant cryptocurrency fraud cases as part of its "America First" initiative aimed at combating financial crimes. These cases involve allegations of fraudulent schemes that misled investors and misappropriated funds. The DOJ emphasizes its commitment to protecting consumers and

U.S. bitcoin ETF weekly outflows largest since November may signal BTC price bottom

Recent data indicates that U.S. Bitcoin exchange-traded funds (ETFs) experienced their largest weekly outflows since November, totaling approximately $70 million. This trend may suggest a potential price bottom for Bitcoin, as significant outflows often precede market recoveries. Analysts are closely monitoring these movements, as they could indicate shifting investor

Read more

Bitcoin Profit Cycle Turns Negative for First Time Since 2023: CryptoQuant

Bitcoin returns fail to match risks, just like 2022

DOJ Flags Three Crypto Cases in 'America First' Push Against Fraud

U.S. bitcoin ETF weekly outflows largest since November may signal BTC price bottom