Blockchain

Bitcoin Reaches $50 000 For The First Time Since 2021

The Bitcoin (BTC) rate rose above $50 thousand on the Binance exchange, RBC reports. The rate was approximately the same in 2021, but then BTC began to fall in price sharply Bitcoin reached a peak value of $50,314 this evening, but by the time this note was published, the price of the main cryptocurrency had dropped slightly, to approximately $49,902, according to CoinDesk.

Bitcoin Reached $45 000

Bitcoin, which began its growth a few days ago, is slowly but surely regaining previously lost heights and hinting at the imminent setting of this year's record. After the top cryptocurrency moved sideways around $43,000 for nearly two weeks, the spring was compressing to shoot higher. Tonight the rate had already risen to $46,300, and at the time of publication of the note it was $46,100.

Bitcoin Continued To Decline And Almost Reached $40,000

Bitcoin is experiencing significant selling pressure. On Thursday, its price fell 3.45% to below $41,000, extending Bitcoin's weekly losses to more than 10%. At the same time, the daily minimum was $40,631. The negative dynamics of Bitcoin affected the shares of cryptocurrency-related companies. Coinbase and MicroStrategy ended the trading day down 7% and 2%, respectively. Miners CleanSpark and Marathon Digital each lost more than 6%, Riot Platforms fell 5%, and Iris Energy fell 8%. Experts note that the unrealized profit of short-term Bitcoin holders in December was 48%, and this week it dropped to 16%.

US Court Fines Binance $2.7 Billion

A US court has ruled against cryptocurrency exchange Binance and its former CEO Changpeng Zhao, setting fines in a money laundering case. According to the court's order, Zhao will pay the CFTC $150 million and Binance $2.7 billion. The U.S. District Court for the Northern District of Illinois previously approved the settlement and ordered a permanent injunction, a civil monetary penalty, and equitable relief from Zhao and Binance. the CFTC reported. The department's claims were settled at the end of November.

Adam Cochran Explained The Reason For The Bitcoin Fall

Volatility has returned to the cryptocurrency market - since the beginning of the week, Bitcoin (BTC) has fallen in price by 5%. At the same time, analysts believe that the market was collapsed by speculators trading derivatives with leverage. financial technology leader and renowned cryptanalyst Adam Cochran took it upon himself to explain what caused the sudden drop.

Bitcoin Rose Above $41,000 For The First Time Since April 2022

Over the past 24 hours, the capitalization of Bitcoin (BTC) has grown by more than 11%, to $816.2 billion, which is more than that of Elon Musk’s Tesla and Warren Buffett’s Berkshire Hathaway fund, according to the Companiesmarketcap service. On the morning of December 4, the Bitcoin rate surpassed $41 thousand and immediately reached $41,700, updating the previously set annual maximum.