Bitcoin

Two technicians inspect Bitcoin mining at Bitfarms in Quebec. LARS HAGBERG/AFP via Getty Images Text size Bitcoin is down 4.3%—and though it might not seem like it, that’s good news. If Bitcoin were the stock market, Tuesday’s drop would be frightening. For Bitcoin, it’s nothing. The cryptocurrency has… Source link

The chief executive told Reuters in an interview this week that his bank has no plans to launch a cryptocurrency trading desk, and “given the volatility, we are not into bitcoin as an asset class.” HSBC confirmed Quinn’s remarks to CNN Business but declined to comment further. Bitcoin (XBT) is currently on a roller coaster ride. The virtual currency has continuously made headlines for its wild price swings, and has dropped more than 30% in value this month alone, from roughly $58,000 to just… Source link

Here’s what you need to know: Elon Musk, the chief executive of Tesla, which bought $1.5 billion in Bitcoin last quarter.Credit…Michele Tantussi/Reuters Over the weekend, the price of Bitcoin briefly fell to around $31,000, more than 50 percent down from its high last month. It has recovered somewhat and is currently trading at around $37,000. “About $20 billion of long positions were liquidated last week,” Sam Bankman-Fried, the chief executive of the crypto derivatives exchange FTX,… Source link

Text size Dreamstime Bitcoin and other cryptocurrencies tumbled over the weekend, extending declines that began earlier this month. While Bitcoin prices recovered on Monday, there may still be more pain to come for cryptocurrency investors if the digital currency crashes like it did in 2017. Bitcoin continued to be volatile over the weekend…. Source link

Text size AFP via Getty Images Bitcoin is attempting to stabilize after being cut in half from April’s $64,800 high. The cryptocurrency sank to about $30,000 intraday last Wednesday—a critical support area that must hold. What are the technicals projecting? Let’s examine a weekly closing chart. Twice, Bitcoin advanced from large rounding… Source link

Bitcoin, which accounts for more than 45% of the global crypto market, was trading around $33,000 per coin Sunday morning eastern time — far off its all time high above 64,000 just over a month ago. Tesla CEO Elon Musk, whose tweets regularly influence the crypto market, on Saturday underscored his support for digital currencies, giving bitcoin a slight boost after a very rocky week. “The true battle is between fiat & crypto. On balance, I support the latter,” Musk wrote Saturday morning…. 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

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