Bitcoin declined on Monday by about 5% to $33,857, erasing most of its recent gains, amid relatively thin trade with the U.S. on a holiday with a long weekend, celebrating Independence Day. The world’s biggest cryptocurrency in terms of market capitalization dropped by 41% during the second quarter (Q2) of …
Read More »Cryptocurrency Plummets After Digital Dollar Headlines
Bitcoin, the largest digital currency, fell at these moments of trading on Monday, and during 24 hours, by about 3.7%, to $34.2. While the second-largest digital currency, Ethereum, ETH/USD, fell by about 2.7% to levels of $2.27 thousand, while its market value is about $264.8 billion. DOGE/USD is down about …
Read More »Crypto Assets Face Scrutiny in U.K. and Japan
With cryptocurrencies, led by Bitcoin, still impacted by the crackdown by the Chinese government against mining and trading due to concerns over high energy consumption and financial risks, other crackdowns are leading to more concerns over crypto asset. In the United Kingdom (U.K.), market regulators are putting increases scrutiny on …
Read More »Bitcoin Rebounds Near $33,000 Level
Bitcoin is showing recovery from a string of losses, which brought the world’s largest cryptocurrency below $30,000 for the first time in five months. However, the digital currency managed to flip the decline to rise by a little over 1% and reach a level above $33,100. Now, the cryptocurrency is …
Read More »Bitcoin Plunges Below $30,000, Its Lowest Since Late January
Bitcoin plunged 5.8% during the session, reaching its lowest level since late January to below $30,000 Cryptocurrency bitcoin plunged below $30,000 for the first time in nearly five months, weighed down by China’s recent crackdown on cryptocurrencies. The world’s largest cryptocurrency fell 6.4% to $29,614, its lowest since Jan. 27. …
Read More »Bitcoin Makes up For Some of Its Losses in Asia
Bitcoin recouped some of its losses on Tuesday, a day after hitting a two-week low after the People’s Bank of China (the central bank) confirmed its crackdown on cryptocurrencies in the country and its restriction of its circulation channels among the population. The world’s largest cryptocurrency was last up 3% …
Read More »Cryptocurrencies Plummet as Chinese Crackdown on Bitcoin Mining
Cryptocurrencies tumbled Monday as China’s crackdown on bitcoin mining activity spilled over into Sichuan Province. Bitcoin fell to as much as 32,288 dollars for the first time since June 8, and it was in the latest trading, down 7.9% at about 32,781 dollars. Its smaller peer, Ethereum, fell below $2,000 …
Read More »Bitcoin Drops After World Bank Slap
It seems that the impact of the US Federal Reserve yesterday, Wednesday, reached the cryptocurrency market after it hit gold. To make matters worse, however, El Salvador received an expected slap from the World Bank over the country’s adoption of Bitcoin as an official tender. Bitcoin fell during trading today, …
Read More »SEC Delays Decision on Bitcoin ETF
The U.S. Securities and Exchange Commission (SEC) has delayed for the second time its decision on the first Bitcoin exchange-traded fund (ETF). VanEck, an ETF and mutual fund manager, proposed an ETF for the world’s largest cryptocurrency and an SEC approval was delayed in April. The SEC reportedly wants to …
Read More »Bitcoin Crosses $40,000 After Musk Says Tesla Could Trade it Back
Bitcoin surged above $40,000 on Monday, after fresh swings over the weekend following tweets from Tesla CEO Elon Musk, who responded to criticism over his impact on the market and said that Tesla has sold its bitcoins but may resume trading with it. Bitcoin has wobbled at Musk’s views for …
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