Bitcoin

After rallying to record-setting prices, recapturing the attention of the public and becoming once-again the topic du jour, cryptocurrencies are losing ground today. Bitcoin, the best-known cryptocurrency, peaked at more than $41,000 apiece on January 8. Today after shedding a little over 23% in the last 24 hours, one bitcoin is now worth around $31,800. Similarly, ether, the token associated with the Ethereum blockchain, peaked at a little over $1,300 on January… Source link

Bitcoin is still up a lot over the past few months, not to mention from where it was trading just a few weeks ago. But the drop highlights how the stunning rise has raised alarm bells among some on Wall Street. “It’s scary when the price of bitcoin just goes straight up,” said James Putra, vice president of product strategy for TradeStation Crypto. “This pullback was needed.” Just last week a strategist at Bank of America said bitcoin’s surge may be the “mother of all bubbles,” noting that… Source link

Bitcoin tumbles 20% in worst crash since March | Fortune … Source link

Dado Ruvic/Reuters People could “lose all their money” if they invest in cryptocurrencies such as Bitcoin, the UK’s financial watchdog said on Monday. Bitcoin hit an all-time high of almost $42,000 on Friday but has since fallen to about $35,000. Regulators are increasingly concerned about cryptocurrencies such as Bitcoin and are paying more attention to digital assets. Visit Business Insider’s homepage for more stories. People who invest in cryptocurrencies could well “lose all… Source link

Photo illustration of visual representations of digital cryptocurrencies Yuriko Nakao/Getty Images Bitcoin slid as much as 21% overnight, under pressure from investor risk aversion that also undermined equities, while the dollar rallied. The possibility of a second impeachment for Donald Trump, led by the Democrats, encouraged safe-haven flows into the dollar, which rose to two-week highs. Bitcoin fell to a one-week low, but was still up about 25% in value so far this… Source link

Bitcoin is going to the Moon – again. Twelve years after its launch at the hands of pseudonymous coder Satoshi Nakamoto, the original cryptocurrency has been skyrocketing in price to unprecedented heights. After starting 2020 at about $8,000 a unit, and slumping to just over $5,000 in March, the… Source link

There are people who prefer to exist in a cash economy for reasons other than a negative economic analysis of central bank monetary policies or an attachment to the iconography of banknotes. Criminals and corrupt politicians, for example. Cash works rather well for them, but can sometimes be quite inconvenient. Here’s a case I wrote about last year: two Californian working-from-home pharmaceutical freelancers were arrested after police caught them dumping nearly $1 million in cash which… Source link

China’s wealthy are increasingly buying into cryptocurrencies. (Photo illustration by Jakub … [+] Porzycki/NurPhoto via Getty Images) NurPhoto via Getty Images Everyone loves Bitcoin. Personally, I can’t get enough of it. Though I just sold all of my XRP, as an aside, because I learned it was being delisted from Coinbase next week, Bitcoin, on the other hand, I am keeping for the moonshot. Now that Grayscale has its Bitcoin Trust exchange-traded fund,… Source link

Heidi Gutman/CNBC/NBCU Photo Bank/NBCUniversal/Getty Images Legendary investor Bill Miller told CNBC on Friday he sees bitcoin surging 100% in 2021 as more investors add the coin to their portfolios as a hedge against inflation. “One of the things that’s interesting about Bitcoin is that it gets less risky the higher it goes, and that’s the opposite of what happens with most stocks,” the Miller Value Partners founder said.  He added that he’s not sure when the price of the… Source link

Last year certainly qualifies as one of the most volatile in stock market history. Investors navigated their way through the widely followed S&P 500 losing over a third of its value in about a month. They also enjoyed a bounce-back rally for the ages, with the S&P 500 hitting new highs less than five months after finding a bottom on March 23. If there’s one figure that stands out above all else, it’s that 10% of the roughly 3,700 stocks with a market cap of at least $300 million ended 2020… Source link