Crypto VC funding climbs for first time in 2 years after bitcoin rally

Jonathan Raa | Nurphoto | Getty Images Crypto had a big bounceback year in 2023. Now, venture investors are returning. Venture funding for crypto-related companies in the fourth quarter of 2023 totaled $1.9 billion, a 2.5% increase from the prior quarter, PitchBook said Thursday. It marks the first time that venture VC investments in crypto … Read more

Bitcoin (BTC) regains $1 trillion market cap after price rise

Bitcoin surged to another more than two-year high on Wednesday, pushing its market cap back over $1 trillion as growing success of U.S. spot bitcoin ETFs turned investor sentiment more positive. The flagship cryptocurrency was last higher by 5% at $51,929.89, according to Coin Metrics. Earlier in the morning it rose to $52,079.00, its highest … Read more

Bitcoin falls under $50,000 following hotter-than-expected inflation data

An image of bitcoin and U.S. currencies is displayed on a screen during the Interpol World Congress in Singapore on July 4, 2017. Roslan Rahman | AFP | Getty Images Cryptocurrencies fell Tuesday amid a broader market sell-off following a hotter-than-expected CPI reading. Bitcoin was last lower by 0.8% at $49,658.57 according to Coin Metrics. … Read more

Bitcoin tops $48,000 in a big comeback to end the week

Bitcoin marched higher to end the week, with its price breaching the $48,000 level at one point for the first time since spot bitcoin exchange-traded funds began trading. The flagship cryptocurrency was last higher by 4.6% at $47,587.37, according to Coin Metrics. Ether advanced 2.69% to $2,492.97. Earlier, bitcoin rose to as high as $48,207.78 … Read more

Bitcoin turns positive for the week as investor worries about GBTC sell pressure subside

Jonathan Raa | Nurphoto | Getty Images Bitcoin pushed higher to end the week as investors took some comfort in the idea that outflows from the Grayscale Bitcoin ETF (GBTC) could be starting to taper off. The price of the cryptocurrency climbed more than 5% to $41,828.37 according to Coin Metrics, bringing its weekly gains … Read more

Bitcoin breaks below $39,000, bringing decline from ETF highs to more than 20%

Bitcoin extended its recent declines on Tuesday, falling further below $40,000 to its lowest level since the beginning of December. The price of the cryptocurrency was last lower by more than 3% at $38,840.93, adding to its 4% loss from the previous day, when the coin briefly dipped below $40,000 for the first time this … Read more

Bitcoin slides back to $40,000 as post-ETF correction deepens

Cryptocurrencies tumbled on Thursday, with bitcoin falling back to $40,000. Bitcoin last traded lower by 3.6% at $41,167.14, according to Coin Metrics. Earlier, it fell as far down as $40,601.37, its lowest level since Dec. 18. Ether, which has gotten a boost in recent days while bitcoin struggled, fell too. It was last down 3% … Read more

Bitcoin losses accelerate following ETF launch, while ether heads for an 18% gain on week

Bitcoin slid on Friday to end what should have been a momentous week for the cryptocurrency, with the launch of 11 bitcoin ETFs in the U.S. after a years long battle for institutional acceptance of the asset. The price of bitcoin dropped nearly 6% to $44,022.22, according to Coin Metrics, pulling most of the crypto … Read more

SEC’s account compromise was not due to breach of X’s systems, company says

INDIA – 2021/10/16: In this Photo illustration a Bitcoin logo seen displayed on a smartphone with an ETF(exchange traded fund) logo in the background. (Photo Illustration by Avishek Das/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images Social media X said late Tuesday it has completed a preliminary probe into the compromised … Read more

Coinbase to expand crypto derivatives in EU with license acquisition

LONDON, ENGLAND – NOVEMBER 09: In this photo illustration, a flipped version of the Coinbase logo is reflected in a mobile phone screen on November 09, 2021 in London, England. The cryptocurrency exchange platform is to release its quarterly earnings today. (Photo illustration by Leon Neal/Getty Images) Leon Neal | Getty Images News | Getty … Read more