Bitcoin

Photographer: Chritophe morin/Bloomberg Photographer: Chritophe morin/Bloomberg Bitcoin plunged more than 10% Thursday, sparking a hunt for reasons the notoriously volatile asset was selling off. One that captured attention… Source link

A trader reacts as he works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 18, 2020. Lucas Jackson/Reuters Bitcoin fell as much as 10% on Thursday after a report from BitMEX Research suggested a critical flaw called “double-spend” occurred in the bitcoin blockchain. Double-spend is a highly feared scenario where a user is able to spend their same bitcoin more than once.  The double-spend event has not been confirmed and there have been mixed messages… Source link

Bitcoin and cryptocurrency traders are looking at a sea of red on exchanges today as major cryptocurrencies dive. The bitcoin price has dropped from over $35,000 per bitcoin last night to under $33,000, currently down almost 10% on the last 24 hours in a continuation of a sell-off that’s wiped over $100 billion from the total value of the world’s biggest cryptocurrency in a week. Bitcoin’s slump has dragged on other top 10 cryptocurrencies, with ethereum, Ripple’s XRP, litecoin and… Source link

Photographer: Simon Dawson/Bloomberg Bitcoin’s torrid rally lost more steam this week, with the cryptocurrency lying below its 10-day moving average and falling for a second straight day Thursday. The largest digital asset is down as much as 8.4% over a two-day slide and was trading at $34,670 as of 6:38 a.m. in London, according to price data consolidated by Bloomberg. The wider… Source link

Bitcoin is recovering from a steady price decline while ether options traders anticipate another high-water mark after it hit an all-time high of $1,439. Bitcoin (BTC) trading around $35,023 as of 21:00 UTC (4 p.m. ET). Slipping 4.1% over the previous 24 hours. Bitcoin’s 24-hour range: $33,430-$36,794 (CoinDesk 20) BTC above the 10-hour but way below the 50-hour moving averages on the hourly chart, a sideways signal for market technicians. Bitcoin trading on Bitstamp since Jan. 16.Source:

Topline Investment giant BlackRock filed documents with the Securities and Exchange Commission showing that it wants to include cash-settled Bitcoin futures as eligible investments for two of its funds—the latest instance of a major financial institution dipping a toe into cryptocurrencies.    Getty Images Key Facts Two new filings, for the BlackRock Global Allocation Fund and the BlackRock Strategic Income Opportunities Portfolio, state that “certain… Source link

REUTERS/Stephen Lam Bitcoin sank as low as $33,412.72 on Wednesday as investors continued to take profits from the cryptocurrency’s massive rally. The token reached a record of nearly $42,000 earlier this month before momentum stalled. Analysts see $34,000 as a key support level for the token, while a move above $40,000 could revive bitcoin’s rally. Watch bitcoin trade live here. Bitcoin tumbled below the key $34,000 level on Wednesday as selling continued to drag the largest… Source link

Janet Yellen expressed concern about cryptocurrencies like Bitcoin, which have surged in price Andrew Harnik/ASSOCIATED PRESS Treasury secretary nominee Janet Yellen has suggested lawmakers should “curtail” the use of cryptocurrencies such as Bitcoin, saying she is concerned that they are “mainly” used for illegal activities. Her comments come amid a surge of interest in Bitcoin, with its price soaring around 300% in the last year. The Bitcoin price was last down 7.59% to… Source link

Senate Finance Committee WILMINGTON, DELAWARE – DECEMBER 01: U.S. Secretary of the Treasury nominee Janet Yellen speaks … [+] during an event to name President-elect Joe Biden’s economic team at the Queen Theater on December 1, 2020 in Wilmington, Delaware. (Photo by Alex Wong/Getty Images) Getty Images Speaking at a Senate Finance Committee hearing today, Janet Yellen, President-elect Joe Biden’s pick for Secretary of the Treasury, stated… Source link

Ethereum, the world’s second biggest cryptocurrency by value after bitcoin, has broken fresh ground today for the first time since early 2018. The ethereum price, traded as the digital token ether, usually moves in tandem with the bitcoin price—but has surged higher over the last week as bitcoin trades sideways (though some smaller cryptocurrencies have made far larger gains). Ethereum’s huge rally, that’s seen it climb almost 300% since bitcoin and other cryptocurrencies broke out in… Source link