Bitcoin

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

The largest digital currency fell as much as 10 percent in late Friday trading, reaching as low as $35,636, with other tokens also posting double-digit losses. Bitcoin is heading into the weekend in freefall again after a fresh warning from Chinese officials over cracking down on cryptocurrencies. The largest digital currency fell as much as 10% in late Friday trading to as low as $35,636, and peer tokens also posted double-digit losses. The coin almost hit $30,000 earlier in the week, after… Source link

Bitcoin’s (BTC-USD) price plunged 28% this week, this most recent meltdown spurred by an announcement from China and an Elon Musk tweet. The controversial crypto is now losing even more love on Wall Street a day after UBS’s CIO Mark Haefele questioned the need to own bitcoin in a portfolio. In a note published Thursday, Deutsche Bank analysts joined the conversation with a research note entitled “Bitcoin: Trendy is the last stage before tacky,” quoting the late fashion icon Karl… Source link

This photograph taken on April 26 in Paris shows a physical imitation of the Bitcoin cryptocurrency pictured with a one-dollar bank note. Cryptocurrencies like Bitcoin are plunging over a range of factors, including the spillover impact from falling stock markets and fears about increased regulations. Martin Bureau/AFP via Getty Images … Source link

Bitcoin regained some lost ground to trade near $40,000 on Thursday, a day after a brutal selloff on concerns over tighter regulation in China and unease over the extent of leveraged positions in the cryptocurrency world. The biggest and most popular cryptocurrency rose nearly 14% to $42,000, after plunging 14% on Wednesday to its lowest since late January. Smaller rival ether was up 20% at $2,935 at 1313 GMT, after its 28% tumble. Those bounces came after prominent crypto backers such as… Source link

Photo by Martin BUREAU / AFP via Getty Images Text size Bitcoin edged higher on Thursday after plunging to its lowest level since February on Wednesday. The previous day’s rout sparked a wider selloff among cryptocurrencies and stocks that have benefited from crypto’s surge. After an 11% drop on Wednesday… Source link

Voyager Digital CEO & Co-Founder Steve Ehrlich on bitcoin plunging below $36K, hitting its lowest level since January. Wednesday was a rough day for Bitcoin investors as the cryptocurrency plunged by as much as 30% from the prior day to a low of $30,201 by late afternoon. GET FOX BUSINESS ON THE GO BY CLICKING HERE Early Thursday, Bitcoin flirted with the $40,000 level, trading down 0.76% at $39,792 per Bitcoin, according to Coindesk. It fell as low as $30,066 on Wednesday. Keep in mind:… Source link

Tesla’s CEO Elon Musk tweeted “Tesla has diamond hands” through a combination of text and emojis, … [+] implying that the company would not be selling its $1.7 billion bitcoin stake. Getty Images The big crypto sell-off continues. Earlier in the morning, bitcoin, the world’s largest cryptocurrency, briefly fell below $30,000 and had continued to trade south of $40,000 – the first time since early February – for a few hours before making a comeback above the key… Source link

Bitcoin sold off sharply Wednesday. The slump represented an acceleration of a downtrend in the world’s No. 1 crypto that had begun over the past 10 days or so, investors and industry specialists told MarketWatch. At last check, bitcoin prices BTCUSD, -1.23% were changing hands at $38,732,56 on CoinDesk, which is actually a remarkable feat since it touched a session low of $30,201.96 before bouncing back. Prices of Ether Source link

An electronic board showed bitcoin’s price in late March in Seoul, South Korea. Photo: yonhap/Shutterstock Bitcoin bulls sitting on massive long-term gains might be able to laugh off the most recent selloff in it and other cryptocurrencies, but the episode still exposes flaws in the argument for… Source link