YICHANG, CHINA – MAY 19: Visual representations of digital cryptocurrencies Dogecoin, Ethereum coin and Bitcoin on May 19, 2021 in Yichang, Hubei Province of China. (Photo by Liu Junfeng/VCG via Getty Images) Crypto investors have been kept on their toes after China, Elon Musk and regulation fears sent a number of popular tokens deep into the red in recent days.  The volatility shaved billions off the wider crypto world’s value after deep correction hit the market. The global crypto market… Source link

Bitcoin investors have been rocked by a price crash that’s wiped more than 50% from bitcoin’s all-time high. The bitcoin price, after nudging $65,000 per bitcoin in April, dropped to just under $30,000 this week before rebounding slightly, falling after Tesla billionaire Elon Musk expressed doubts about bitcoin and fear gripped the market China could crack down hard on bitcoin operations in the country. Now, as bitcoin market sentiment plummets to lows not seen since the March 2020… Source link

The Tesla chief executive’s often-cryptic messages have sent bitcoin’s price on a roller-coaster ride this year. Prices soared nearly 20% one January morning when he added “#bitcoin” to his Twitter biography. They jumped 16% in a single day the following month after Tesla Inc. revealed it bought $1.5 billion worth of the cryptocurrency. Then, he tweeted earlier this month that Tesla would no longer accept bitcoin as payment… Source link

Whether the price is surging or dipping, Bitcoin stays a hot topic. The price of the famously volatile digital currency fell nearly 30% at one point Wednesday after the China Banking Association warned member banks of the risks associated with digital currencies. The decline narrowed to below 10% that same afternoon, but Bitcoin had still lost about $70 billion in market value in 24 hours. Bitcoin has lost about 38% of its value since April 13 when it hit a high of more than $64,800, according… Source link

BackyardProduction / iStock.com Cryptocurrencies have skyrocketed in popularity recently and this trend shows no signs of slowing. Given all the talk around these digital assets, you might be wondering whether now is the time to invest. But before pulling the trigger, it’s always a good idea to have an understanding of the underlying asset. Cryptocurrency is no exception and it is quite different than investing in stocks or bonds. Read: Dogecoin’s Major Price Increase: Is It a Worthwhile… Source link

The S&P 500 index is hovering right around an all-time high and the Dow Jones Industrial Average is up 12% for the year. Impressive returns, especially considering 2020’s strong performance. Unlike last year, this rally is being led by dividend and value stocks that are benefiting from high consumer demand and a recovering economy. Many of the tech companies that starred in last year’s recovery are down 20% — and some are down more than 50% from… Source link

We may receive payment from affiliate links included within this content. Our affiliate partners do not influence our editorial opinions or analysis. To learn more, see our Advertiser Disclosure. Nothing fires the imagination like an anonymous hero with a secret identity. It’s been an enduring trope since the Scarlet Pimpernel rescued his first aristocrat from Madame la Guillotine. From Batman to the street artist Banksy, each hero has his own reason for donning the mask of… Source link

Everybody’s talking about Ethereum. Here’s why. Ethereum has already surged about 330% this year. On Jan. 1, Ethereum was worth about $735, and as of this writing, it is worth roughly $3,130, according to data from CoinMarketCap. It hit a high of over $4,300 on May 12 but has fallen in recent days. Indeed, we’ve seen cryptocurrency price drops across the board this week. This was driven by Tesla CEO Elon Musk’s announcement that Tesla would stop taking Bitcoin payments because of environmental… Source link

A huge drop and snap back in cryptocurrency prices this week rippled into traditional asset classes, potentially offering a taste of what could happen in the event of a more severe shake-up. Some government bonds gained in price on Wednesday, while futures on the US benchmark S&P 500 equities index dipped and oil also pulled back after the price of bitcoin plunged 30 per cent on signs that China was preparing a crackdown on digital tokens. The Japanese yen — a currency… Source link

This week, the world of cryptocurrencies experienced a severe collapse, losing about 35% of its total capitalization in one day . Although this took investors and markets by surprise, Vitalik Buterin , the billionaire creator of Ethereum , revealed that he already expected the bubble to burst. In an interview with CNN Business , the 27-year-old mogul said that cryptocurrencies are “in a bubble,” but it is difficult to predict when it will burst. “It could be over by now … It could be over… Source link