Cryptocurrency

Crypto assets currently pose limited risks to the stability of the UK financial system according to the Bank of England in its Financial Stability Report, released Monday. But the pace of growth means cryptocurrencies could become more dangerous as they become increasingly linked to wider financial networks, the report added.“Material …

The US Dollar Index (DXY) which measures the performance of the US dollar against major currencies, has slid by 0.19%, settling at 96.04 during the New York trading session.The market sentiment was positive as the Wall Street session closed, with major US shares finishing in the green territory recording gains …

Bitcoin ( BTC -0.69% ), Dogecoin ( DOGE -3.25% ), and Chainlink’s ( LINK -9.14% ) tokens fell roughly 10%, 17%, and 18%, respectively, so it has been another tough week of selloffs for the broader cryptocurrency market.In addition to concerns about cyclical pricing trends and regulatory risks, cryptocurrency prices …

Bitcoin continued to struggle below the critical USD 50,000 resistance level on Thursday. The short-term downtrend over the past month remains in effect, which could limit further upside beyond $50,000-$60,000.The famous cryptocurrency is down about 4% over the past 24 hours, although support at around the 200-day moving average (now …

President Joe Biden told Russian Counterpart Vladimir Putin that the United States is prepared to launch strong economic measures in case Russia decides to invade Ukraine. The Bank of Canada is expected to keep the major part of focused spotlight on inflation at its policy decision, as the country’s central …

Cryptocurrency mining stocks recorded gains, on Tuesday, due to a price rebound among cryptocurrencies including Bitcoin ( BTC -0.08% ), in addition to the hotter than normal stock market. The S&P 500 was up 2%, which is a big move for a single day. And Bitcoin is up 4% over …

Bitcoin continued its decline after a strong decline on Saturday and fell on Monday by more than 3% to settle around $47,700 levels. Bitcoin lost about a fifth of its value during trading on Saturday, and some attributed this strong decline to profit-taking and global fears, but then managed to …

Bitcoin hovered near $49,000 on Monday, down 1.5% on the day, as traders took losses after a grueling weekend when the world’s most popular cryptocurrency at one point lost more than 20% of its value. This trajectory brought the price of Bitcoin and the amount invested in its futures contracts …

America and Germany decided to adopt stricter restrictions to circumvent COVID-19 on Thursday, away Austria, there are tailored or modified lockdowns elsewhere all over the globe to combat the emergence of the new Omicron strain. Such measures provoked turmoil across financial markets, lest it could ignite severe global economic slowdown …

A sudden bitcoin and crypto selloff has followed a warning made by famed investor Louis Navellier that widely-expected Federal Reserve taper will potentially burst the bitcoin and crypto bubble.Bitcoin and cryptocurrency prices have fallen sharply, wiping around $300 billion worth of value from the combined crypto market in just two …