Bitcoin

Bitcoin at February lows after Musk tweets; AT&T merging WarnerMedia with Discovery– business live | Business

Customers inside the Mile Castle pub in Newcastle as indoor hospitality and entertainment venues reopen today Photograph: Owen Humphreys/PA Shares in UK hospitality and travel-focused companies have dipped today, as people are urged to be cautious as pandemic restrictions are lifted. Restaurant Group, which owns Wagamama and Frankie & Benny’s, has fallen by 5% so far today, while food operator SSP Group (who run Upper Crust and Ritazza outlets at airports and… Source link

Read More »

Bitcoin Suffers Biggest Pullback of 2021, to 3.5-Month Low

Bitcoin slipped to 3.5-month lows early Monday, confirming the biggest price pullback of the current bull run.  The top cryptocurrency printed a low of $42,212 during the Asian hours, the level last seen on Feb. 8, marking a 35% drop from the record high of $64,880 reached on April 14, according to CoinDesk 20 data.  The bitcoin (BTC) price has seen four corrections from new price highs so far this year, out of which the latest 35% retreat is the biggest. Chart analysts had warned of a… Source link

Read More »

Elon Musk Dismantles Bitcoin Bit By Bit

BERLIN, GERMANY DECEMBER 01: SpaceX owner and Tesla CEO Elon Musk poses on the red carpet of the … [+] Axel Springer Award 2020 on December 01, 2020 in Berlin, Germany. (Photo by Hannibal Hanschke-Pool/Getty Images) Getty Images Like plucking the petals off a tulip, Elon Musk seems to be on a one-man mission to bring down Bitcoin. We’ll guess at why he’s doing it in a minute. Let’s first focus on what he’s doing and what it means for Bitcoin. The current drama… Source link

Read More »

From Bitcoin to Dogecoin: What’s Driving Cryptocurrencies’ Rise and the Challenges Ahead

Cryptocurrencies such as bitcoin, ether and dogecoin have surged to highs that few investors would have predicted a year ago. The furious run has even the most optimistic traders asking: Can it last? The forces underpinning the crypto mania mirror those that saw GameStop Corp. shares tear higher earlier this year. Excess money from stimulus checks aimed at helping the most vulnerable make rent has also found its way to brokerage accounts that offer free trading. Meanwhile, people globally… Source link

Read More »

Bitcoin price drops after Elon Musk fuels speculation that Tesla could dump its holdings

On Sunday, the Tesla (TSLA) CEO did it again: Bitcoin extended losses after Musk seemed to suggest in a Twitter exchange that his automaker may consider selling or has sold its holdings in the cryptocurrency. “Bitcoiners are going to slap themselves next quarter when they find out Tesla dumped the rest of their #Bitcoin holdings,” a user named CryptoWhale tweeted Sunday. As of 11:30 p.m. ET on Sunday, bitcoin was down about 7.7% to $43,000, according to cryptocurrency tracker Coinbase. It had… Source link

Read More »

Bitcoin hits three-month low as Musk drives investors to exit – Yahoo Finance

Bloomberg The World Economy Is Suddenly Running Low on Everything (Bloomberg) — A year ago, as the pandemic ravaged country after country and economies shuddered, consumers were the ones panic-buying. Today, on the rebound, it’s companies furiously stocking up. Mattress producers to car manufacturers to aluminum foil makers are buying more material than they need to survive the breakneck speed at which demand for goods is recovering and assuage that primal fear of running out. The corporate… Source link

Read More »

Dorsey Reaffirms Square’s Commitment To Bitcoin

Share Tweet Share Share Share Email Twitter and Square CEO Jack Dorsey has come out in favor of bitcoin, saying Square would always work to boost the cryptocurrency, Bloomberg says. Dorsey said bitcoin “changes everything for the better.” He made the tweet in what seemed to be a response to a tweet from Square Chief Financial Officer Amrita Ahuja,… Source link

Read More »

‘Bitcoin is melting.’ Here’s what a 30% drop from highs in the crypto may say about stock-market risk sentiment

What does a weekend meltdown in bitcoin prices portend for U.S. stocks? Bitcoin BTCUSD, +0.87% is supposed to be an asset that isn’t highly correlated with equity markets, or any other traditional asset for that matter, but some analysts have pointed out that the cryptocurrency has traded in closer step with parts of the market amid the recent turbulence in equities as investors attempt to assess the most effective strategies for playing an economy… Source link

Read More »

Why Tesla’s Reversal Is Good for Bitcoin

Earlier this week, Tesla exacerbated an already nervous market mood with the announcement that it was no longer accepting the cryptocurrency as payment for its products. As usual, the crypto market focused on the immediate narrative: If Elon Musk says that bitcoin is bad for the environment, other large investors will probably worry about public scrutiny and decide to sell, right? The expectations game, which consists of guessing what others think you’re thinking, then makes reducing… Source link

Read More »

Bitcoin slips below $46K as correction deepens; institutions keep accumulating

Bitcoin (BTC) price slipped below $46,000 on Sunday for the second time in four days, raising the specter of a deeper short-term correction for the flagship digital currency. Bitcoin fell to a session low of $45,127.01, according to TradingView, before staging a modest recovery to around $45,400. The largest cryptocurrency by market capitalization is down 5% on the day and over 20% in the last seven days. The Bitcoin price braces for short-term volatility. Source: TradingView The selloff in… Source link

Read More »