Bitcoin

A bitcoin representation is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier Register now for FREE unlimited access to Reuters.com Register Sept 27 (Reuters) – Spare a thought for the beleaguered bitcoin miner. In late 2021, miners were the toast of the town with a surefire path to profit: hook powerful computers up to cheap power, crack fiendishly complex maths puzzles and then sell newly minted coins on the booming market. A… Source link

Bitcoin continues to trade in a tight range of $18,000 to $25,000 mark, keeping investors on edge about where the price is going next. The crytpo market has been plagued with a number of issues from collapsed projects to bankruptcies. Nurphoto | Getty Images Bitcoin topped $20,000 on Tuesday, hitting its highest level in the more than a week, but is still struggling to break out of its tight trading range. The world’s largest cryptocurrency was more than 7% higher at $20,265.95 at around 3:30… Source link

Ether (ETH) rose 2.6% and is maintaining a strong 30-day correlation coefficient (0.78) to BTC’s price. Correlations range between 1.0 and -1.0, with the former implying a direct relationship, and the latter implying a completely inverse relationship. Given their strong relationship, it’s unsurprising that ETH moved in tandem with BTC both in direction and in volume over the weekend. ETH reclaimed the psychologically important $1,300 mark. The supply for the second-largest cryptocurrency… Source link

Michael J. Burry, the financial wizard who was portrayed in the movie “The Big Short”, is known for predicting crises. For instance, his investment fund made billions from the 2008 housing crash, and Burry liquidated almost all his entire portfolio during the 2Q of 2022. Given that no one seems to know whether traditional markets will bounce before entering a further recessive environment, it might be a good time to consider investing in cryptocurrencies. Below are some examples on how… Source link

Flagship digital asset Bitcoin (BTC) has had a rough year, falling 72% from its all-time high and losing more than 50% of its value this year alone. On several occasions, the asset has seen its value plunge below the $20,000 mark. During the thick of the bear run, BTC fell below a previous cycle’s all-time-high price — $19,750 — for the first time in its history. These scenarios have led to the rise of one of the most prevalent questions in the market “how low can BTC go?” For… Source link

Bitcoin was launched in 2009, but a person or group of individuals named Satoshi Nakamoto. This was the time after the global economic meltdown of 2008, and many people felt the need for a financial system that did not depend on Big Banks. Bitcoin was launched with the promise that it would topple the currently prevalent, centralized global financial system in time. However, since it has a limited supply of coins and the source code can’t be changed, it’s also considered a hedge… Source link

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About this page Stock Market Today: Pound Tumbles, Dow Futures Fall Ahead of Open Last Updated: Sep 26, 2022 at 8:15 am ET Follow The Wall Street Journal’s full markets coverage as the British pound hit its lowest-ever level against the U.S. dollar. Share This Page Source link

Text size Bitcoin prices swung around over the weekend but have steadied above recent lows Monday. Ozan Kose/AFP via Getty Images … Source link

Bitcoin (BTC) starts a new week staring down a wild macro environment after sealing its lowest weekly close in nearly two years. As risk assets across the global economy take a hammering and the U.S. dollar surges, the largest cryptocurrency is on a limp footing. September, having started out on bulls’ side, is now living up to its informal crypto market nickname — “Septembear” — and BTC/USD is currently down 6.2% since the start of the month. The bad news keeps coming for hodlers,… Source link