Bitcoin

Bitcoin (BTC) trading around $55,736.37 as of 20:00 UTC (4 p.m. ET). Sliding 1.73% over the previous 24 hours.  Bitcoin’s 24-hour range: $53,350.37-$56,988.34 (CoinDesk 20) BTC trades between its 10-hour and 50-hour averages on the hourly chart, a sideways signal for market technicians. Bitcoin trading on Coinbase.Source: TradingView Bitcoin traded in a narrowed range as Monday’s sell-off appeared to subside and prices settled in the mid-$50,000 range for the most of Tuesday.  Monday’s… Source link

Bloomberg Credit Suisse Warns Greensill May Spoil Best Start in Decade (Bloomberg) — Credit Suisse Group AG warned it may take a financial hit after the implosion of Greensill Capital forced it to freeze $10 billion of funds and put a loan to the firm at risk, threatening to spoil what had been the bank’s best start to a year in a decade.The lender said Tuesday that while it’s still early, it may need to book a charge related to business it conducted with Greensill Capital, including a… Source link

Share Tweet Share Share Share Email Bitcoin has dipped in price as of Monday (March 15), slumping slightly from its high of $60,000 over the weekend, Reuters reported. In afternoon trading, bitcoin was down 5.3 percent at $55,865. In addition, the coin faces trouble in India, where a proposed bill would criminalize possession, issuance, mining, trading and transferring crypto assets. The bill would be in line with India’s stated goal of doing away with private virtual currencies. The… Source link

The 42-year-old says he first invested $40,000 in Bitcoin in 2017, and quickly made his money back as the value of the coins rose on the open market. He cashed out and got his initial money back, but then watched excitedly over the years as the 10 coins grew to be worth nearly 500,000 euros. Source link

Bitcoin (BTC) trading around $56,671.15 as of 20:00 UTC (4 p.m. ET). Sliding 5.30% over the previous 24 hours.  Bitcoin’s 24-hour range: $54,790.33-$60,695.91 (CoinDesk 20) BTC trades between its 10-hour and 50-hour averages on the hourly chart, a sideways signal for market technicians. Bitcoin trading on Coinbase.Source: TradingView Bitcoin on Monday suffered its biggest single-day price decline in more than two weeks, after the fizzing of a retail trader-driven rally over the weekend that… Source link

Bitcoin fell from its record highs north of $60,000 to $54,588.83 Monday morning following massive … [+] liquidations. Market analysts disagree over the source of withdrawals. SOPA Images/LightRocket via Getty Images It turns out last week’s bitcoin rally to the new record high of $61,923 reached on Saturday, was short-lived, with the crypto descending below 55,000 Monday morning.  The cryptocurrency fell as low as $54,588.83 and made a small bounce… Source link

Cesc Maymo/Getty Images Bitcoin fell as much as 9% on Monday as investors took profits following a weekend record. The cryptocurrency climbed as high as $61,742.41 on Saturday and continued to flirt with $62,000 on Sunday. The consolidation came amid reports that India is considering a partial ban on cryptocurrencies. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Bitcoin fell as much as 9% on Monday after hitting a record high over the weekend as… Source link

Bloomberg Biden Eyes First Major Tax Hike Since 1993 in Next Economic Plan (Bloomberg) — President Joe Biden is planning the first major federal tax hike since 1993 to help pay for the long-term economic program designed as a follow-up to his pandemic-relief bill, according to people familiar with the matter.Unlike the $1.9 trillion Covid-19 stimulus act, the next initiative, which is expected to be even bigger, won’t rely just on government debt as a funding source. While it’s been… Source link

Photographer: Akos Stiller/Bloomberg Photographer: Akos Stiller/Bloomberg Bitcoin eased back after scaling $61,000 for the first time on bets that some of the pandemic relief payments in the U.S. will end up chasing the… Source link

Share Tweet Share Share Share Email Bitcoin’s prices keep rising as the cryptocurrency has now hit a new record of $60,000, BBC reported, with a total market value of $1 trillion as of last month. Bitcoin has seen its value almost triple since the end of 2020, powered by several big-name companies, including Tesla and Mastercard, which have touted its use and bought up some of the crypto, according to the report. BBC reported that this new record is the product of the latest round of… Source link