Photographer: Akos Stiller/Bloomberg Photographer: Akos Stiller/Bloomberg China’s blockchain stocks are missing out on the cryptocurrency mania that has pushed their global peers to record highs. A Bloomberg-curated basket… Source link

Bitcoin came close to breaking the $50,000 barrier at the weekend and our Big Read on the cryptocurrency looks at its 350 per cent gain in the past 12 months. Driving the price in the past week has been the Tesla revelation that it had spent $1.5bn on bitcoin. Then BNY Mellon — America’s oldest bank — on Thursday said it would start holding and transferring cryptocurrencies for asset management clients, while Mastercard announced it would soon support “select… Source link

In the early hours of Feb. 15, Ether (ETH) price plunged to $1,660, followed by a 9% recovery within 10 hours. The move triggered $280 million in futures contracts liquidations, indicating excessive leverage from longs. Although the initial anxiety regarding CME’s ETH futures launch on Feb. 8 seems to have faded, sustained excessive transaction fees might have undermined investors’ confidence. Nevertheless, the fundamentals behind Ethereum remain solid, indicating ETH price should promptly… Source link

Bitcoin fell back after nearing $50,000 yesterday, but quickly recovered to more than $48,800. This … [+] helped show its strength. (Photo Illustration by Mykola Tys/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images Bitcoin illustrated its resilient nature today, managing to keep much of the gains it experienced during its recent climb toward $50,000. The world’s most prominent digital currency reached a fresh,… Source link

Wall Street analysts have peppered executives at other high-profile companies about possible bitcoin forays during recent earnings conference calls. GM (GM) CEO Mary Barra said during the automaker’s earnings presentation earlier this month that GM didn’t have any plans to buy bitcoin just yet. “We don’t have any plans to invest in bitcoin, so full stop there,” she said in response to a question from Morgan Stanley auto analyst Adam Jonas. But she did not rule out the possibility of customers… Source link

A minor correction in the broader market saw altcoins DOT, XMR, and IOTA fall towards their respective support levels at the time of writing. However, bulls rushed in to counter the selling pressure and the aforementioned altcoins looked to stabilize at higher levels on the charts. Polkadot [DOT] Source: DOT/USD, TradingView The formation of ‘three white soldiers’ on Polkadot’s 4-hour chart gave strong bullish signals after the price picked up from the $25.4 support. The 24-hour… Source link

Despite bitcoin’s rapid $3,000 fall from new record highs seen Sunday, institutions seem confident about the cryptocurrency’s long-term prospects. The cryptocurrency dropped to $47,790 earlier on Monday, after just failing to pass the psychological hurdle of $50,000 over the weekend. So far, however, are there are few signs of preparations for deeper losses in the options market. “There is still an absence of any institutional long-term hedging. In fact, funds continue to take advantage… Source link

The strength of the cryptocurrency market is spreading appears to be spreading to privacy-focused coins. The calm price action of Bitcoin (BTC) often sets up an intense period for altcoins to rally, where several groups of coins can start becoming bullish.  One of those segments is the privacy coin segment. For example, Monero (XMR) rallied by more than 50% last week. Meanwhile, Dash (DASH) has more than doubled with a 125% gain while Zcash (ZEC) rallied by 70% during the same period. Monero… Source link

Cesc Maymo/Getty Images Bitcoin fell from its record high of nearly $50,000 on Monday after a week-long flurry of increased attention. The token traded around 1.6% lower at $47,845 after hitting its latest all-time high of $49,716 on Sunday. Rising prices and market dominance will lead to increased regulatory scrutiny, one crypto expert said. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Bitcoin slid on Monday from its latest all-time high as… Source link

Bitcoin saw a significant drop early on Monday, soon after it had looked primed for a convincing move above $50,000.  The top cryptocurrency slipped from nearly $49,000 to $45,926 during the early Asian hours and was last seen changing hands near $47,790 – down 1.8% on the day, according to CoinDesk 20 data.  The decline surprised many investors, as a notable all-time high milestone had looked on the cards amid optimism generated by the recent wave of institutional adoption.  So what… Source link