Bitcoin

Bitcoin gained as much as 4.5 percent on Monday to hit $41,020. By Vildana Hajric and Claire BallentineBloomberg After a volatile weekend, Bitcoin has once again surpassed $40,000, reaching its highest level in more than two weeks. The world’s largest crypto gained as much as 4.5% Monday to $41,020, extending its rally to a second day. The coin has rallied roughly 9% since Friday. The wider Bloomberg Galaxy Crypto Index, which tracks some of the major cryptocurrencies, also advanced, adding… Source link

Topline Less than a week after announcing the offering, business analytics firm MicroStrategy, which owns more bitcoin than any other corporation in the world, has raised $500 million in bonds to acquire more of the world’s largest cryptocurrency—signaling institutional investors are still optimistic about the token’s future as it pares back losses from a crash last month. At one point worth more than $5 billion, MicroStrategy’s bitcoin holdings are now worth about $3.8 … [+]… Source link

Text size The price of Bitcoin climbed above $40,000 on Monday, a gain of nearly 13% in 24 hours. Photo by TOBIAS SCHWARZ/AFP via Getty Images Just one tweet, that’s all it took. Bitcoin investors who have been waiting for Tesla Chief Executive Elon Musk to swoop in and… Source link

Ten years ago, Sandra Ro was working in finance in London when some currency-trading friends told her about bitcoin. The cryptocurrency had been released only a couple of years previously and was still far from a global phenomenon. “Bitcoin was only really known in geeky tech circles and eventually currency traders in London found out about it around 2010,” says Ro. She invested in the cryptocurrency, made a substantial fortune and is now chief executive of the Global Blockchain… Source link

Topline As the cryptocurrency market’s weeks-long rut continues, Tesla’s billionaire CEO Elon Musk took to Twitter Sunday afternoon to refute claims that he engaged in a bitcoin pump-and-dump scheme earlier this year and said the electric-vehicle company would once again invest in the world’s largest cryptocurrency once its mining operations constitute a “reasonable” amount of clean energy usage. Elon Musk in March 2020. AFP via Getty Images Key Facts “This is not… Source link

Tesla TSLA chief executive Elon Musk may no longer be the bitcoin community’s favorite tech billionaire but he can still move the bitcoin price. Musk, who has alienated many in the bitcoin space over recent months with his tongue-in-cheek support of “joke” cryptocurrency dogecoin, sent the bitcoin price sharply higher on Sunday afternoon. Sign up now for Billy Bambrough CryptoCodex—a free, new, daily newsletter that gets you up to speed and ahead of the market. Arriving in your… Source link

Bitcoin has stuck to the $37,000 level over the past 24 hours while ether slid. Bitcoin (BTC) trading around $37,275 as of 21:00 UTC (4 p.m. ET). Gaining 2.4% over the previous 24 hours. Bitcoin’s 24-hour range: $36,010-$37,536 (CoinDesk 20) Ether (ETH) trading around $2,397 as of 21:00 UTC (4 p.m. ET). In the red 1.8% over the previous 24 hours. Ether’s 24-hour range: $2,377-$2,492 (CoinDesk 20) Bitcoin sentiment mixed Bitcoin’s hourly price chart on Bitstamp since June 8.Source:

Bitcoin’s (BTC-USD) chances of falling below $10,000 have increased significantly since mid-April, according to betting aggregators US-Bookies.com. The odds that Bitcoin drops to $10,000 in 2021 were 8/11 (57.9% implied probability), a sharp increase from mid-April, where the odds were 4/1 (20%). “The latest trends have not indicated a positive outcome for the popular cryptocurrency,” a US-Bookies spokesperson said. Bitcoin rose over $2,000 Thursday after the Basel Committee recognized… Source link

EL ZONTE, El Salvador (AP) — After El Salvador’s congress made the bitcoin legal tender this week, eyes turned to this rural fishing village on the Pacific coast. Known to surfers for its pounding waves, El Zonte has had the cryptocurrency in its economy for the past year. Some 500 fishing and farming families use bitcoin to buy groceries and pay utilities, something the government envisions for the country at large. Bitcoin already was legal to use in El Salvador but its acceptance was… Source link

The FBI’s surprise announcement Monday that it had seized some of the ransom that Colonial Pipeline paid to criminal hackers came as a double shock. On one hand, it was major news that the U.S. government had flexed its cybersecurity muscles on behalf of the owner and operator of the country’s largest fuel pipeline, taking over a bitcoin account and marking the first public recovery of funds ever from a known ransomware gang.  On the other hand, it raised a question: Why hadn’t the U.S. done… Source link