Ether, the cryptocurrency of the Ethereum platform and the second-largest digital currency in the world, surged by more than 10% over the past 24 hours to trade near $2,623. Despite today’s rise, Ether remains far from its all-time record high of $4,300, but it has recovered from most of its …
Read More »Ethereum is up 5% But Remains 40% Lower Than Its Record Peak
Cryptocurrency Ethereum is up more than 5% today to $2,523 but remains more than 40% below its record peak above $4,300 recorded this month. The currency rose 4.1% to $ 2495.69 in morning trading. As for its rival Bitcoin, the largest and most famous cryptocurrency in the world, it rose …
Read More »Bitcoin Declines to Extend Weekly Losses
Bitcoin fell on Friday by more than 5% to trade near $36,340, as cryptocurrencies showed high selling pressures. The world’s largest digital currency has now lost about 4.6% over the past seven days. In a similar way, Ethereum plunged by about 7.7% to $2,515, but remained higher on a weekly …
Read More »Bitcoin is Down 8%, as it Heads Towards Its Biggest Monthly Loss Since September 2011
Bitcoin fell on Friday May 28 to its lowest level this week, pushing losses from a growing campaign against it in China and environmental concerns to nearly 40% since the start of the month. The largest cryptocurrency added to its previous losses, dropping 8.2% to $ 35,339, as it remained …
Read More »Bitcoin at Important Levels
It seems that digital currencies are on the way for the second day in a row towards recovering from the effects of the painful blows they took by surprise. The digital currencies managed to record a positive performance for the second day in a row, raising their market gains to …
Read More »Cryptocurrencies Rebound Following Recent Declines
Cryptocurrencies managed to rise on Monday, against a number of factors that led to a series of the recent decline, amid a crackdown by the Chinese government and increased selling pressures. Over the past 24 hours, Bitcoin rose by about 10.4%, trading at $38,444.72, reducing its losses over the past …
Read More »BoE’s Bailey Warns Against Cryptocurrencies
The Bank of England (BoE) Governor Andrew Bailey has expressed concerns about getting carried away in financial technology and innovation. His remarks came in a speech to the British Parliament’s Treasury Committee on Monday. “I do not want to be seen as a Luddite. I’m skeptical about crypto assets frankly …
Read More »After a Sharp Sell-off, Bitcoin is Fighting Back
Cryptocurrencies resisted today, Monday, and were able to offset some of the losses they suffered after a wave of selling at the weekend sparked by more indications that China is taking further scaling measures for the emerging sector. Bitcoin rose to $ 37,391, after falling 7.5% in the previous session. …
Read More »Goldman Sachs Expects Oil to Reach $ 80 a Barrel
Goldman Sachs signed that oil prices rise to $80 a barrel in the fourth quarter of this year, explaining that the market has not improved the estimate of recovery in demand, even despite the possible resumption of Iranian crude supplies. “The case for higher oil prices, therefore, remains intact given …
Read More »Bitcoin Down About 50% From Its Highest Level in 2021
Bitcoin fell 13% on Sunday, May 23, after the world’s largest and most popular cryptocurrency was subjected to further selling which led to a 50% drop from its highest level in a year. Bitcoin fell to levels of $32,601 during trading, and Ethereum, which is linked to the Ethereum blockchain, …
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