Why Bitcoin dropped below $20,000 again and what experts say is next for the volatile cryptocurrency

Bitcoin

Bitcoin

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Today's News

Welcome to our news roundup for today. In today's headlines, we see a continuation of the crypto sell-off that began last week, with Bitcoin dipping below $20,000. We also see the SEC questioning Grayscale's legal stance on Stellar, Zcash, and Horizen crypto trusts. Finally, we see bear market uncertainty driving some crypto companies to focus on building and learning.

Outline

  • Bitcoin falls to below $20000
  • Twitter's whistleblower appears at inopportune moment
  • Mark Zuckerberg admits to censorship at the request of FBI
  • Ex-Bond star who switched to crypto career is unfazed by layoffs
  • Why Ethereum, Bitcoin, and Solana dropped on Saturday
  • Is it still possible to become a millionaire with crypto?
  • 'Massive interest' and 'incredible returns' - why some suddenly think now is a good time to buy Bitcoin amid $1 trillion crypto price crash
  • Bitcoin falls below $20,000 amid recession fears
  • SEC questions Grayscale's legal stance on Stellar, Zcash and Horizen crypto trusts
  • Sonic Sphere and Empyrean Gate
  • How countries could try to kill Bitcoin adoption
  • Energy, currency, and deglobalization warning signs
  • Bitcoin dips below $20,000
  • SEC questions Grayscale's legal stance on Stellar, Zcash and Horizen crypto trusts
  • Should you still consider buying Coinbase (COIN) shares?
  • Bitcoin price briefly loses $20K on 'bunch of nothing' Powell speech
  • Pro-blockchain narratives hinder Bitcoin adoption, says StackinSat founder
  • Mt. Gox rumors panic Bitcoin Twitter as BTC price returns below $20K
  • Bear market uncertainty is the perfect time to build and learn, says Sato exec
  • What is a seed phrase and why is it important?
  • US stocks lose $1.25T in a day - more than entire crypto market cap
  • Crypto will become an inflation hedge - just not yet
  • Blockchain audits: The steps to ensure a network is secure
  • How the Fed may be setting Wall Street up for another crash
  • Bitcoin dips below $20,000
  • Bitcoin dips below $20,000, extending second weekly retreat: 'Powell's admission that there will be pain before there is relief is rather hawkish'
  • Bitcoin, Ethereum sell-off deepens as fundamentals drive crypto lower
  • AdEx price gains 20% as market plunges, are bulls behind the pump?
  • Cardano price at $0.44 with strong strong, what's next?
Bitcoin drops 1.6% to below $20000

Bitcoin drops 1.6% to below $20000

Bitcoin was off 1.63% at $19,920 by late afternoon in Europe on Saturday, down $330 from its previous close.

Twitter’s whistleblower has pitched up at a very inconvenient moment | John Naughton

Twitter’s whistleblower has pitched up at a very inconvenient moment | John Naughton

A long and detailed complaint about lax practices by the social media firm’s former security chief must be music to Elon Musk’s ears“Ex-Twitter exec blows the whistle, alleging reckless and negligent cybersecurity policies,” said the CNN headline. My initial …

Mark Zuckerberg admits censorship at behest of FBI

Mark Zuckerberg admits censorship at behest of FBI

Listen to a reading of this article: Facebook restricted visibility of the New York Post's Hunter Biden laptop story in the lead-up to the 2020 election after receiving counsel from the FBI, according to Facebook/Meta CEO Mark Zuckerberg. “So we took a differ…

Ex-Bond Star Who Switched to Crypto Career Is Unfazed by Layoffs

Ex-Bond Star Who Switched to Crypto Career Is Unfazed by Layoffs

The finance professionals who switched from traditional careers to the cryptocurrency sector are now seeing the latter retrench globally, but South Korea’s highest-profile example of such a job move has no regrets.

Why Ethereum, Bitcoin, and Solana Dropped on Saturday

Why Ethereum, Bitcoin, and Solana Dropped on Saturday

The Federal Reserve strikes again.

Is It Still Possible to Become a Millionaire With Crypto?

Is It Still Possible to Become a Millionaire With Crypto?

With crypto prices sinking, is it still worthwhile to invest?

‘Massive Interest’ And ‘Incredible Returns’—Why Some Suddenly Think Now Is A Good Time To Buy Bitcoin Amid $1 Trillion Crypto Price Crash

‘Massive Interest’ And ‘Incredible Returns’—Why Some Suddenly Think Now Is A Good Time To Buy Bitcoin Amid $1 Trillion Crypto Price Crash

Bitcoin Subscribe now to Forbes' CryptoAsset & Blockchain Advisor and successfully navigate the bitcoin and crypto market crash The bitcoin price Now, Want to stay ahead of the market and understand the latest crypto news?

Bitcoin Drops Below $20,000 Amid Recession Fears

Bitcoin Drops Below $20,000 Amid Recession Fears

Major cryptocurrencies continued to drop Saturday after the Federal Reserve warned it will continue to act “forcefully” to combat inflation.

SEC Questions Grayscale’s Legal Stance on Stellar, Zcash and Horizen Crypto Trusts

SEC Questions Grayscale’s Legal Stance on Stellar, Zcash and Horizen Crypto Trusts

ZEC, ZEN and XLM “may currently be a security, based on the facts as they exist today,” Grayscale said in recent, little-noticed filings.

Sonic Sphere and Empyrean Gate

Sonic Sphere and Empyrean Gate

If I had to pick one reason why I’d suggest every person should attend Burning Man at least once, it would be the art. (Second reason would be seeing the principles in action.) This year I am particularly excited to support two pieces, the first being the Son…

How Countries Could Try To Kill Bitcoin Adoption

How Countries Could Try To Kill Bitcoin Adoption

Understanding how bitcoin adoption could be stopped is critical to becoming a better Bitcoiner and there are numerous possible attack vectors that exist.

Energy, Currency And Deglobalization Warning Signs

Energy, Currency And Deglobalization Warning Signs

This analysis of the changing world order, its impacts on the global economy, and the future of central bank monetary policy is the first in a two-part series.

Bitcoin dips below $20,000

Bitcoin dips below $20,000

Bitcoin, the world's biggest and best-known cryptocurrency, was last down 1.5% at $19,946 on Saturday, down $298 from its previous close. Bitcoin's fall...

SEC Questions Grayscale’s Legal Stance on Stellar, Zcash and Horizen Crypto Trusts

SEC Questions Grayscale’s Legal Stance on Stellar, Zcash and Horizen Crypto Trusts

ZEC, ZEN and XLM “may currently be a security, based on the facts as they exist today,” Grayscale said in recent, little-noticed filings.

Should You Still Consider Buying Coinbase (COIN) Shares?

Should You Still Consider Buying Coinbase (COIN) Shares?

Hayden Capital, an investment management firm, published its second-quarter 2022 investor letter – a copy of which can be downloaded here. The portfolio...

Bitcoin price briefly loses $20K on 'bunch of nothing' Powell speech

Bitcoin price briefly loses $20K on 'bunch of nothing' Powell speech

Bitcoin could well sink below the $20,000 mark again, traders warn, with price targets now as low as $16,000.

Pro-blockchain narratives hinder Bitcoin adoption, says StackinSat founder

Pro-blockchain narratives hinder Bitcoin adoption, says StackinSat founder

Josselin Tonnellier, the founder of crypto investment banking firm StackinSat, said that while organizing an event during the bear market was difficult, seeing attendees from abroad was very rewarding.

Mt. Gox rumors panic Bitcoin Twitter as BTC price returns below $20K

Mt. Gox rumors panic Bitcoin Twitter as BTC price returns below $20K

Claims that 137,000 BTC are about to be offloaded on the open market are met with intense suspicion as BTC price volatility returns.

Bear market uncertainty is the perfect time to build and learn, says Sato exec

Bear market uncertainty is the perfect time to build and learn, says Sato exec

Fanny Philip, COO of Sato Technology, doubled down on believing that bear markets should be considered a builder’s market for mining companies.

What is a seed phrase and why is it important?

What is a seed phrase and why is it important?

It’s crucial to remember your seed phrase, which is a string of random words produced by your cryptocurrency wallet when you initially set it up.

US stocks lose $1.25T in a day — more than entire crypto market cap

US stocks lose $1.25T in a day — more than entire crypto market cap

Risk assets take a major blow as Fed Chair Jerome Powell stays firmly hawkish on inflation and monetary policy.

Crypto will become an inflation hedge — just not yet

Crypto will become an inflation hedge — just not yet

Crypto can act as protection against inflation, but not until it establishes its fundamentals and achieves mass adoption.

Blockchain audits: The steps to ensure a network is secure

Blockchain audits: The steps to ensure a network is secure

Even though blockchain tech is known for its high level of security and privacy, there have been quite a few cases where networks have contained loopholes and vulnerabilities.

How The Fed May Be Setting Wall Street Up For Another Crash

How The Fed May Be Setting Wall Street Up For Another Crash

The Fed had delivered another hawkish message during the bankers' symposium in Jackson Hole.

Bitcoin dips below $20,000

Bitcoin dips below $20,000

:Bitcoin dipped below $20,000 on Saturday, continuing a drop that has taken it down nearly 60 per cent from its year high.Bitcoin, the world's biggest and best-known cryptocurrency, was last down 1.5 per cent at $19,946 on Saturday, down $298 from its previou…

Bitcoin dips below $20,000, extending second weekly retreat: ‘Powell’s admission that there will be pain before there is relief is rather hawkish’

Bitcoin dips below $20,000, extending second weekly retreat: ‘Powell’s admission that there will be pain before there is relief is rather hawkish’

Some analysts say that the recent trading pattern presents a buying opportunity.

Bitcoin, Ethereum Sell-off Deepens as Fundamentals Drive Crypto Lower

Bitcoin, Ethereum Sell-off Deepens as Fundamentals Drive Crypto Lower

Bitcoin, Ethereum and alt coins ruined by Fed Chair Jerome Powell’s speech that sent cryptocurrency and risk assets into a sea of red. Next up is ISM and NFP, two big data points for risk aversion.

AdEx Price Gains 20% As Market Plunges, Are Bulls Behind The Pump?

AdEx Price Gains 20% As Market Plunges, Are Bulls Behind The Pump?

The price of AdEx (ADX) explodes with a double-digit gain against Tether (USDT) as bulls push the price to a higher region. Despite the market downtrend in recent days with Bitcoin (BTC) and Ethereum (ETH) all (Data from Binance) Related Reading: Polkadot Dev…

Cardano Price At $0.44 With Strong Strong, What’s Next?

Cardano Price At $0.44 With Strong Strong, What’s Next?

Cardano price registered bearishness as it declined from the $0.48 level at the time of writing. Over the last 24 hours, the coin fell by over 2%. In the past week, it declined by 12%. Bitcoin’s move to the $20,000 had led to other altcoins falling on their c…