It has been a rocky 12 months for bitcoin. One year ago, bitcoin hit its all-time high of $68,789. Today, it’s back below $20,000, having lost 70% over the last 12 months. As bitcoin neared its record high last November, analysts attributed the rally in...
For the first time since mid-June, bitcoin is on track to close out a week without dipping below the psychologically vital $20,000 mark, and spent most of the week above $22,000. In this crypto market, that’s something of a victory. Not much of one, mind...
Ten days after Hurricane Bonnie ripped across El Salvador, causing flooding, damaging homes and cars, and killing at least one person, an economist took the government to task for spending 17 times more on bitcoin than on the entire Ministry of Environment and Natural Resources....
On America’s Independence Day, it’s worth looking back at bitcoin’s history, because both origin stories share a basic impulse: freedom from a system that controls our lives without giving us any input. That impulse led to the signing of the Declaration of Independence on July...
Bitcoin is down about 70% from its November all-time high, and the crypto market as a whole is in what is best described as an extreme fear cycle after a stablecoin run wiped out $45 billion and a couple of other companies eye insolvency. That...
As bitcoin crashed well below the psychologically important $20,000 mark over the Juneteenth holiday weekend, bottoming out at levels not seen since the very beginning of the crypto bull market in November 2020, fears are growing that it will get a lot worse before it...
On June 10, El Salvador was down about $38.1 million on its bitcoin investment. By Friday (June 17), that number had grown to $57.6 million. That’s $19.5 million out of the Salvadoran treasury in the space of a week, thanks to a plummeting bitcoin amid...
Almost year ago Sunday (June 5), President Nayib Bukele announced El Salvador would make bitcoin a legal tender, on par with the U.S. dollar. With bitcoin at $36,000 on that day, things looked even better on the morning of Sept. 7, when the law went...
The International Monetary Fund (IMF) dropped yet another strong hint that it won’t bail El Salvador out of coming debt payments that could lead to a default while bitcoin remains a legal tender in the Central American country. The administration of President Nayib Bukele’s legal...