Bitcoin continued to decline as the Wall Street session opened on April 26, with prevailing trading conditions limiting bullish momentum.
On Thursday, Bitcoin (BTC) briefly fell below the $63,000 mark as the cryptocurrency market experienced a downturn in response to recent data indicating higher inflation and decreased growth in the U.S. during the first quarter.
Federal prosecutors have charged two founders of the Samourai Wallet crypto-mixing service with aiding in the laundering of $100 million in proceeds from criminal activities.
Today, the price of Bitcoin has dropped due to renewed tensions in the Middle East and apprehensions regarding the state of China's economy, which have influenced investor confidence.
Jack Dorsey, CEO of Block (formerly Square), announces an expansion of the company's bitcoin mining efforts, transitioning from chip design to the development of a comprehensive bitcoin mining system.
Bitcoin continued its decline on Tuesday, plummeting by over $10,000 at one stage from its record high reached last week.
Bitcoin's price plummeted amidst a tumultuous day, witnessing crypto liquidations surpassing $661 million within the last 24 hours, impacting nearly 200,000 traders. During early trading on March 15, Bitcoin experienced a sharp 7.5% decline within a short span, dropping from $72,000 to $66,500.
Bitcoin has surged to a fresh all-time peak, marking its first such milestone in over two years. The current rally, driven by enthusiasm surrounding bitcoin exchange-traded funds and the impending halving event, has gained momentum.
At the beginning of the week, Bitcoin surged, moving nearer to its all-time high following a pause in the rally over the weekend.
Bitcoin, the world's largest cryptocurrency by market capitalization, continued its upward surge on Tuesday, hitting a two-year peak exceeding $57,000. This ascent buoyed the broader crypto market amidst favorable market developments and increased purchasing activity from crypto enthusiasts.