Cryptocurrency

Cryptocurrency sell-off widened Tuesday, September 7, while Bitcoin shed nearly 4% while its smaller rival, Ethereum, shed more than 6%. Bitcoin, the world’s largest and most popular cryptocurrency, fell 4% to $50,516, after rising to its highest level since mid-May above $52,000 earlier, in Asian trading. Ethereum fell more than …

Most cryptocurrencies are showing a negative performance on Monday, led by Bitcoin. The world’s largest digital currency in terms of market capitalization is trading down for the day by 3.87% at $46,761.30, extending its losses over the past seven days to 5.3%. Meanwhile, Ethereum and XRP are down by 0.7% …

Argentinian football player Lionel Messi, who recently completed a move to Paris Saint Germain, is partially paid in cryptocurrency, according to media reports. The French capital club has agreed a two-year deal with the former captain of FC Barcelona with an annual salary of $41 million, a sum that could …

PayPal will soon allow its customers in the United Kingdom to hold, buy, and sell Bitcoin and other cryptocurrencies. Customers will be able to choose between Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. PayPal warned its customer base that crypto assets are considered volatile because of how much and how quickly …

For the first time since the beginning of last May, Bitcoin, the largest cryptocurrency by value, succeeded in surpassing the $50,000 levels, which served as an important psychological resistance point for the bulls. According to analysts, testing the levels of $50,000 establishes new support levels above the $48,000 in an …

Cryptocurrencies are rising across the board with increased investors’ demand and news about investment inflows from institutions. Coinsbase reportedly plans to invest $500 million in cryptocurrencies and invest future returns in a portfolio of crypto assets. The world’s biggest and most famous cryptocurrency, Bitcoin, rose by about $3,228 or 7% …

Bitcoin was the first cryptocurrency and remains the biggest in terms of market capitalization, however, some market experts now believe that Ethereum (Ether) with its recent surge could one day overtake the number one spot. Ethereum will continue to outperform Bitcoin, said Nigel Green the head of a financial institution, …

Bitcoin continued its rally on Monday, surging to its highest level in about three months. Recent news has reassured investors in crypto-assets and improved their appetite for digital currencies, allowing Bitcoin to recover some of its recent losses. The world’s largest cryptocurrency in terms of market capitalization is up for …

The U.S. Federal Reserve Board Governor Christopher Waller is against recent moves to explore the establishment of a digital Dollar. Waller acknowledged the growing interest from central banks towards digital currencies but said that he remains skeptical that a digital Dollar would solve any major problem confronting the U.S. payment …

“Remarkable how little headline news there has been on UK economic activity since May.” “Our view is inflation pressures will reduce.” “We don’t see a spike in unemployment when furlough ends.” “Number of unemployed people will be about 250,000 higher than before pandemic.” “Should economy grows as expected, some modest …