Bitcoin

Ula launch at midnight getty The journey of venturing out and becoming a multi-planetary species has always attracted an eclectic mix of pioneers. From Elon Musk to Jeff Bezos, space itself has been the next frontier for private-public innovation. A new wave of pioneers and entrepreneurs is starting to tackle the problem of crossing the planetary frontier, working with long established governmental organizations. One of the pioneers involved in private… Source link

What Happened: The largest crypto exchange in Southeast Asia, Philippines-based PDAX, experienced a technical failure that led to Bitcoin trading at $6,000 – an 88% discount to its current price. Following the incident, PDAX asked its customers to return their Bitcoins, threatening legal action, a local news outlet Bitpinas has reported. According to the exchange’s CEO, the system error was not due to a hack but a technical “glitch” caused by a massive surge in trading activity. Why It… Source link

Bitcoin has surged to never-before-seen highs over recent weeks, breaking through to levels that seemed unimaginable just a few months ago. The bitcoin price climbed to almost $60,000 per bitcoin earlier this month before falling back to trade at around $50,000 after Tesla TSLA chief executive Elon Musk warned it “seemed high.” As bitcoin’s mammoth bull run rolls on, some—including MicroStrategy MSTR CEO and major bitcoin-buyer Michael Saylor—have said they expect… Source link

The recent rise of bitcoin toward all-time highs is creating millionaires, on paper, at a fairly rapid clip, according to data from BitInfoCharts. At last check, bitcoin was trading up by over 6.5% on CoinDesk BTCUSD, +2.27% at $49.141.23. But even with the asset down by about 12% for the week after a jaunt to a record high at $58,332.36 over the weekend, the digital currency’s ascent is helping mint a round of crypto millionaires. Read:… Source link

Bitcoin’s rapid recovery from the biggest two-day sell-off in almost a year shows the power of a recently overlooked factor in cryptocurrency markets: demand from Chinese retail traders. Prices for the largest cryptocurrency were higher on Wednesday, stabilizing around $49,000, after tumbling 15% in the prior two days. The sudden demand for bitcoin (BTC) from Chinese traders, possibly motivated by the price drop, can be viewed through a hitherto largely ignored metric: the “tether… Source link

A Bitcoin exchange shop in Krakow, Poland on March 5, 2019. (Photo by Jakub Porzycki/NurPhoto via … [+] Getty Images) NurPhoto via Getty Images The story of bitcoin has been one of a rapid rise recently, at least when it comes to short-term prices. In 2017, the story centred on the frenzy of retail investors who started getting interested in bitcoin and other cryptocurrencies and started figuring out how to navigate the rise of initial coin offerings…. Source link

Assets at cryptocurrency investing firm Grayscale have shot up to almost $38bn — for crypto enthusiasts, a sign of accelerating institutional interest in what has long been a speculative bet. But analysts say the build-up has been fuelled in part by a lucrative hedge fund trade that exploits a quirk in its flagship product. US-based Grayscale’s trusts have become favoured tools for institutional investors betting on red-hot cryptocurrency markets without the costs,… Source link

Bitcoin’s punishing sell-off appeared to decelerate as prices settled around $47,000, after the largest cryptocurrency by market capitalization logged its steepest two-day loss since March 2020 early Tuesday. Bitcoin (BTC) trading around $47,851.27 as of 21:00 UTC (4 p.m. ET). Slipping 11.72% over the previous 24 hours. Bitcoin’s 24-hour range: $44,964.49-$55,053.91 (CoinDesk 20) BTC trades below its 10-hour and 50-hour averages on the hourly chart, a bearish signal for market technicians.

Multiple analysts described bitcoin’s latest pullback as perfectly natural. getty Bitcoin prices declined over the last few days, pulling back from their latest all-time high and losing close to 25% of their value in under 48 hours. The world’s most prominent digital currency fell to as little as $44,964.49 this morning, according to CoinDesk data. By dropping to this level, the cryptocurrency had shaved 23% off its price, after rising to a record… Source link

Dado Ruvic/Reuters Bitcoin plunged as much as 18%, to $45,000, on Tuesday before slightly paring some losses as sky-high cryptocurrency valuations unnerved investors. The cryptocurrency traded 13% lower, at $47,608.24, as of 11:45 p.m. in New York. Bitcoin has soared in 2021, with the price more than doubling this year to reach a record $58,350.41. Increased interest from big companies such as Tesla, as well as record amounts of stimulus, have powered the rally. Yet investors… Source link