Why is the crypto market down today?

Crypto prices keep falling, but why? This year’s market crash has turned most winning portfolios into net losers, and new investors are probably losing hope in Bitcoin (BTC). Investors know that cryptocurrencies exhibit higher than average volatility, but this year’s drawdown has been extreme. After hitting a stratospheric all-time high at $69,400, Bitcoin price crumbled…

Bitcoin, Ethereum and altcoins hold intraday gains after Fed hikes interest rates by 0.75%

Bitcoin (BTC) retreated and reversed its intraday gains after the Federal Reserve announced its third consecutive 75 basis point (bps) interest rate rise on Sept. 21. Traders sold the news BTC’s price dropped circa 6.5% from its intraday high of $19,950, hitting $18,660 minutes after the Federal Open Market Committee’s statement. Its decline mirrored a…

Raising a glass to Satoshi’s Place and the challenge of running Bitcoin businesses

Cointelegraph took a trip to Satoshi’s Place on Friday, a Bitcoin (BTC) hub in Greater Manchester. Named after the anonymous creator of the world’s largest and most widely accepted cryptocurrency, the bar and workspace offer workshops, coworking spaces for local businesses and Bitcoin-inspired cocktails. Adam, the founder (who chose not to share his surname), first…