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The Latest Breaking News from Bitcoin

ASX rebounds as Reserve Bank admits it suffered 'reputational damage', bitcoin recovers above $US21,000

The Australian share market rebounds, after plummeting for seven straight days into correction territory, while cryptocurrency investors remains on edge after its recent meltdown.

ABC News

Bitcoin recovers as the wealthy swoop in

Bitcoin rebounded above the US$20,000 mark yesterday as wealthy investors scooped in to purchase cheap coins, believing they have long-term growth potential and the current market volatility is merely caused by temporary "panic sales".

Bangkok Post

Bitcoin’s struggle to hold $20,000 keeps crypto market on edge

Bitcoin struggled to hold above the closely-watched $20,000 level, extending a period of marked volatility that saw huge weekend swings.

Tribune News Service

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Central bank decisions and global oil price falls top markets’ weekly agenda

Central bank decisions and global oil price falls top the weekly agenda for financial markets this week. Here are five things to watch.

The New Daily

FTSE 100 Live: Bitcoin near $20,000 as markets hold firm, easyJet update

Stock market sentiment continues to be driven by recession fears after investors endured one of their worst weeks since the start of the pandemic.

Evening Standard

Investigating the crypto crash

The value of cryptocurrencies has plunged over recent days, with Bitcoin -- the largest coin by market cap -- sinking to its lowest point since 2020.

Bangkok Post

Bitcoin-boosting Salvadoran leader asks for patience

El Salvador’s Bitcoin-boosting president is asking people to be patient after the price of the cryptocurrency fell below $20,000 _ less than half the price the government paid

The Independent UK

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Crypto billionaire says Fed is driving current downturn

FTX CEO Sam Bankman-Fried says that, until investors get used to higher interest rates, risk assets, including cryptocurrency, won't recover.

WEKU

AP News Digest 4 a.m.

Here are the AP’s latest coverage plans, top stories and promotable content. All times EDT. For up-to-the minute information on AP’s coverage, visit Coverage Plan at https://newsroom.ap.org.

The Independent UK

Crypto panic as digital assets follow share prices in a downward spiral

In the past week bitcoin has fallen 34% and Celsius has put a hold on withdrawals. Some fear the turmoil is far from over

The Guardian - UK

Bitcoin Slides below $20,000 to Lowest since December 2020

Bitcoin dropped below the $20,000 level on Saturday to its lowest point in 18 months, extending its slide as investors showed they were unnerved by growing troubles in the industry and as the general pull-back from riskier assets continued. The digital currency sector has been pummeled this week after cryptocurrency…

Asharq Al-Awsat

As Bitcoin Plunges Below The Last Bull Cycle High, Here's A Likely Path Ahead

Bitcoin (CRYPTO: BTC) was plunging over 8% lower on Saturday, breaking down from a bear flag pattern Benzinga called out on Thursday.

Benzinga

Crypto Carnage: BTC Breaks $19K, ETH Below $1K

Amid a wider cryptocurrency market carnage over the weekend, the largest digital currency by market capitalization Bitcoin (BTC) has broken the $19,000 level, the first time since December 2020, while the second-largest crypto Ethereum (ETH) has broken the psychological $1,000 mark.

Benzinga

Jake Paul is "poor" after losing boxing wealth in cryptocurrency crash

Logan Paul has claimed his brother Jake is now "poor" after losing a chunk of his wealth generated from the boxing ring after investing in Cryptocurrency which has seen a huge value crash this week

Daily Mirror

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Benzinga

Benzinga Bulls And Bears Of The Week: Tesla, Netflix, General Motors, Disney And A Company Betting Big On Bitcoin

Benzinga has examined the prospects for many investors' favorite stocks over the past week, while offering a 24/7 news feed, live chat and charting software on Benzinga Pro.

The Independent UK

Bitcoin drops below $20,000 as crypto selloff quickens

The price of bitcoin has fallen below $20,000 for the first time since late 2020, in a fresh sign that the selloff in cryptocurrencies is deepening

The Guardian - UK

Bitcoin value slumps below $20,000 in cryptocurrencies turmoil

Digital asset slides to lowest level since November 2020 as rate rises increase pressure on markets

The Guardian - US

Trillion-dollar crypto collapse sparks flurry of US lawsuits – who’s to blame?

Kim Kardashian and Floyd Mayweather among those being sued, but prosecuting fraud in the crypto arena is notoriously difficult

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Benzinga

Bitcoin Breaks Below $20,000: Analyst Says 'Panic Could Be Massive,' Predicts Lower Price Target

On Saturday, Bitcoin (CRYPTO: BTC) broke below $20,000 for the first time since December 2020. One analyst has been anticipating the breakdown and says things could get worse from here.

Reason

Fadi Elsalameen on Using Bitcoin To Fight Corruption in Palestine

How bitcoin can help Palestinians bypass the Palestinian Authority's control over their finances

Bangkok Post

Bitcoin falls below $20,000

Bitcoin has fallen below $20,000 for the first time since December 2020 as evidence of deepening stress within the crypto industry keeps piling up against a backdrop of monetary tightening.

inkl Originals

The Weekly Wrap for Saturday, 18 June 2022

Bitcoin is crashing, Celsius has frozen over, but this time it's not just billionaires losing their bucks. The dirty laundry of the crypto world is front page news and regulators are finally taking notice.

Benzinga

3 Arrows Capital's Bitcoin And Other Positions Liquidated By FTX, BitMEX and Deribit; Fund Managers Have Gone Silent

Crypto lending and borrowing firm Three Arrows Capital (3AC) had positions liquidated by crypto exchanges Deribit, BitMEX and FTX.

Benzinga

Bitcoin Sees A Grim Moment As Addresses In Profit Reach A Two-Year Low

The world's first cryptocurrency, Bitcoin (CRYPTO: BTC), has not seen such a bad market mood for a long time, according to on-chain data.

Benzinga

What Ethereum Investors Are Watching Heading Into The Weekend: Will Crypto Predict Next Week's Market Action Again?

Ethereum (CRYPTO: ETH) was trading mostly flat on Friday in tandem with Bitcoin (CRYPTO: BTC) and the S&P 500, which were trading about 0.7% and 0.24% higher, respectively.

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