Bitcoin

The move followed skeptical comments from Tesla CEO Elon Musk, Treasury Secretary Janet Yellen and Microsoft (MSFT) co-founder Bill Gates. Prices stabilized around $48,000 in early trading Tuesday, but that’s still a more than 10% drop from Monday’s levels. But even Musk is starting to show concerns about bitcoin’s surge, noting in a tweet on Saturday that he thought the prices of both bitcoin and ethereum, the world’s second largest cryptocurrency, “seem high.” On Monday, Yellen, a former… Source link

MINNEAPOLIS (WCCO) — Bitcoin hit a record high Friday, and the cryptocurrency’s value has risen more than 80% just this year. In the West Seventh neighborhood of St. Paul is a somewhat cryptic billboard that says, “A Peaceful Revolution,” and a $1 bill that says “A Decentralized Network.” The only identifying feature is a Twitter account that says its goal is to raise Bitcoin awareness. (credit: CBS) At Bobby and Steve’s Auto World in downtown Minneapolis, where there’s a… Source link

Bitcoin slid Tuesday after a bout of volatility highlighted lingering doubts about the durability of the token’s mesmerizing rally. The cryptocurrency fell as much as 11% to below $50,000. At one point Monday the digital currency plunged 17% before paring the worst of the slide. It’s still up some 400% in the past… Source link

Bitcoin took a hit in value over the weekend.  Angela Lang/CNET … Source link

Shares of Silvergate Capital (SI) are up more than 120% so far this year -— and the stock has skyrocketed nearly 1,300% since going public in November 2019. Increasingly more financial services firms, such as Bank of New York Mellon (BK), Visa (V), MasterCard (MA) and BlackRock (BLK), are starting to embrace bitcoin. But arguably no bank is as “all-in” on crypto as Silvergate. CNN Business spoke to Silvergate CEO Alan Lane about the bank’s bitcoin business and what he predicts next for the… Source link

Jaap Arriens/NurPhoto via Getty Images Bitcoin tumbled as much as 17% on Monday, to below $48,000. On Sunday, the cryptocurrency hit a record of $58,042, bringing its year-to-date gain to over 100%. On Friday, it reached a market capitalization of $1 trillion. Monday’s slide is a sign of the wariness of the cryptocurrency’s rapid ascent. Bears have long said bitcoin is in bubble territory, comparing the recent rally to what played out in 2017, when bitcoin plunged by 45%… Source link

“Bitcoin moon” or “Bitcoin to the moon” has been a favorite saying of BTC fans for years. Now, they … [+] are watching liftoff, thanks to institutional investor adoption, and new ETFs making it easier for retail traders to buy. getty Finally, Bitcoin has liftoff. Guys in the market were predicting Bitcoin $50,000 in early January. We’re there. Now what? Is it worth chasing? Nothing is worth chasing if you’re investing money you cannot afford to lose,… Source link

internet security and data protection concept, cybersecurity getty Now a trillion-dollar asset, bitcoin is paramount to cryptocurrency culture after its 60% hike this month, surpassing any traditional asset in this record-breaking milestone. Since its introduction to the financial market in 2009, this first-of-its-kind cryptocurrency has been marked by high volatility and price fluctuations. Being a “highly speculative asset”, U.S. Treasury Secretary… Source link

Bitcoin miners are seeing gold despite the cryptocurrency’s recent fall. NurPhoto/Getty Images  A new study of 30,000 Americans reveals 50% view cryptocurrencies as safe investments. The survey also revealed 57% of investors think companies should accept crypto as payment. Though crypto enthusiasts have mixed opinions on whether bitcoin will ultimately serve as a medium of exchange or simply a store of value. Sign up here for our daily newsletter, 10 Things Before the Opening Bell.

Tesla CEO Elon Musk against the backdrop of a financial chart showing Bitcoin going to the moon. KMR Images Last year at this time, Bitcoin was under $5,000. Now it’s over $50,000, though that is temporary. It can go back to $30,000 in a week as fast as it can go to another all-time-high. Sorry. I hope it didn’t jinx it. The reason Bitcoin is rising is because institutional investors are getting into Bitcoin as a store of value. Tesla TSLA … Source link