PayPal logs its largest Bitcoin volume since May BTC price crash

The world's leading payment services provider processed $145.60 million worth of Bitcoin trades on the day BTC rallied to its record high of $67,000. Bitcoin (BTC) trading volumes on global payment service provider PayPal reached $145.60 million on Oct.

Bitcoin Price Flash Crash on Binance.US Attributed to Trader Algorithm Bug

The cryptocurrency exchange says a trading algorithm bug caused the brief 87% price crash.

Next Bitcoin price crash will be 'shallower' than 80%, says Pantera Capital CEO

Bitcoin price increases will also be less dramatic moving forward, the report suggests. Bitcoin (BTC) market's tendency to crash by over 80% after logging strong bull runs might come to an end.That is according to a new report published by California-based hedge fund Pantera Capital.

BTC price crash: Why did it happen? Join Sam Bankman-Fried live on 'The Market Report'

What caused Bitcoin's latest price crash? Theories are flying everywhere, but Cointelegraph's market experts have arrived to get to the bottom of it.

Despite Bitcoin price crash, BTC is the internet of value transfer: Novogratz

Retail investors had good reasons to overextend in the crypto market, says billionaire Bitcoin bull Mike Novogratz. The crypto market is back to major price swings followed by a Bitcoin (BTC) price crash on Tuesday, the day the largest cryptocurrency became legal tender in El Salvador.

El Salvador’s Bitcoin Play Starts With a Price Crash, Technical Difficulties

A 10% price crash and technical issues with the government's official Chivo Wallet have marred the debut of Bitcoin as legal tender in El Salvador.

Cardano defies Peter Brandt's 90% crash warning, ADA price doubles to new high

Bitcoin and Ethereum's upside exhaustion, Cardano's smart contract FOMO, and an overall boom in the altcoin market catalyzed ADA's gains. Cardano's native token ADA ignored a serious price crash warning to rally to a new all-time high.The ADA/USD exchange rate reached $2.56 for the first time on Aug.

Sub-zero interest? GBTC hits biggest discount since May Bitcoin price crash

GBTC will “take time” to restore its balance thanks to changing market forces, analyst Willy Woo says. Bitcoin (BTC) investment vehicle the Grayscale Bitcoin Trust (GBTC) is trading at its biggest discount since the May BTC price crash.Data on Thursday confirms that as BTC/USD trades near $44,000, GBTC shares are over 16.5% below the spot price.Analyst: Grayscale comeback “will take time”Grayscale, which has $42 billion in assets under management across its various cryptocurrency funds, has seen institutional interest endure throughout the recent Bitcoin price dip.Despite some conspicuous buy-ins, however, progress has been slow throughout the period of volatile activity, which saw Bitcoin dip from $64,500 to just $29,000.While the spot price has recovered, GBTC interest has lagged, producing a major discount to net asset value (NAV), which has increased, not decreased, with Bitcoin’s recent gains.This week, the discount even passed its lowest point from July, meaning that it is now at its deepest since the start of May’s price rout.GBTC premium chart.

GBTC premium matches Bitcoin price crash levels as unlocking fear fades

Funds are flowing back into GBTC, data suggests, as CEO Sonnenshein reiterates plans to turn Grayscale crypto funds into ETFs. The Grayscale Bitcoin Trust (GBTC) is echoing bullish sentiment in Bitcoin (BTC) as its premium over spot price rises to its highest since May.Data from analytics resource Bybt shows that on July 27, the so-ca Grayscale premium stood at -5.88%.

Crypto experts see Bitcoin replacing fiat money in 20 years

In a new survey, a number of cryptocurrency and fintech professionals expected a "hyperbitcoinization" to take place by 2040. Bitcoin's (BTC) current price slump has failed to dampen some experts' optimism regarding the world’s biggest cryptocurrency. In a new survey by personal finance comparison platform Finder.com, half of the respondents believe Bitcoin will surpass fiat money, or central bank-issued currencies, by 2040. While the sampling is arguably narrow — Finder.com says the report is based on a panel of 42 cryptocurrency experts — it shows that Bitcoin’s price crash from April’s all-time high didn’t impact the long-term perspective of crypto professionals.

Bitcoin bounce from $28.8K activates century-old financial model's bullish thesis

Bitcoin's recent push from under $30,000 to over $34,500 asserts hopes of a big price recovery ahead. A recent upswing in the price of Bitcoin (BTC) following a nail-biting price crash below $30,000 this Tuesday has activated a classic financial model's bullish outlook on the cryptocurrency.Titled Wyckoff Method, created by Richard D.

Bitcoin holds $34K as Bloomberg likens $30K support to $4K in 2020 BTC price crash

Long-term outlooks remain bullish, but traders are not ruling out more pain first. Bitcoin (BTC) maintained $34,000 support on Wednesday as a rebound from six-month lows showed surprising resilience.BTC/USD 1-hour candle chart (Bitstamp).

Hodlers see opportunity in Bitcoin price crash, CoinShares exec says

Meltem Demirors believes that the current Bitcoin price drop is a correction, and it is weeding out the paper hands. The downward trend in Bitcoin (BTC) price following the April all-time high might be worrying for first-time investors.

Bitcoin investors more bullish than ever despite 50% price crash: survey

A survey reveals investors are still bullish on Bitcoin and other cryptocurrencies despite the recent market drop. Despite Bitcoin (BTC) and the wider cryptocurrency market experiencing one of its worst crashes in recent memory, investors are apparently more bullish than ever regarding the future fortunes of Bitcoin and a host of altcoins.

The Netherlands Must Ban Bitcoin Ahead of Price Crash, Says a Dutch Official

Pieter Hasekamp advised the government of the Netherlands to ban bitcoin and altcoins as they can ruin the country's financial system.

One of the Richest Bitcoin Whales in History Receives $138,000,000 BTC Amid Market Turmoil

Bitcoin’s price crash is not dissuading one of the biggest BTC whales on record from accumulating more.

Bitcoin sell-off likely played a key role in boosting Gold's appeal

Investors' appetite for gold increased as they assessed higher inflation and a major price crash in the Bitcoin market. May was a testing time for cryptocurrencies like Bitcoin (BTC).

Bitcoin price crash isn’t over, says JPMorgan strategist

JPMorgan analyst Nikolaos Panigirtzoglou said that a medium-term fair value for Bitcoin now stands between $24,000 and $36,000. Following the worst May for Bitcoin’s (BTC) price in the past 10 years, the largest cryptocurrency is likely to continue falling in the short term, according to JPMorgan analysts.Weakened institutional demand is likely to drag the Bitcoin price below $30,000, JPMorgan strategist and Bitcoin expert Nikolaos Panigirtzoglou wrote in the latest research note to clients.Based on Bitcoin’s volatility ratios to gold, the JPMorgan analyst forecasted that Bitcoin will continue to trade between $24,000 and $36,000 in the mid-term.

Crypto derivatives market down but not out as $3B expiry sours the mood

The spot price crash reveals a high correlation with the derivatives markets as nearly $3 billion worth of options stand to expire in May. Bitcoin (BTC) led the entire cryptocurrency market through a tumultuous period after the majority of the cryptoverse was painted red on May 19, a day now also referred to as “Black Wednesday.” BTC’s price fell below $40,000 for the first time since it blew past the resistance level on Feb.

NFT volume has more than tripled — even amid price crash — as Meme.com raises $5M

The NFT sector has seen exponential growth, tripling in transactions since January and pushing through the market crash this month. The popularity of non-fungible tokens, or NFTs, shows little sign of slowing down, despite the extraordinary marketwide crash that wiped more than $1 trillion off the crypto market cap.According to a report by decentralized app marketplace DappRadar, the average number of NFT sales rose almost 300%, from 21,815 per day in January, to 82,373 in May (so far).

Bitcoin Crash Reveals Resiliency of Crypto Markets, Lack of Systemic Risk: Macro Guru Raoul Pal

Former Goldman Sachs executive Raoul Pal says the crypto industry exhibited remarkable structural resiliency amid the most recent price crash.

What to Do When Bitcoin Has a Price Crash

The text below is an advertorial article that was not written by Cryptonews.com journalists. Source Cryptocurrency has always been a volatile investment, especially because it is relatively new and we don’t have years of data to look back on.

David Rubenstein Says Cryptocurrencies Are Here to Stay Despite Price Crash

David Rubenstein remained bullish on cryptocurrencies, stating that the burgeoning asset class is not going away any time soon.