Tag Archives: Bitcoin

Bitcoin (BTC) dominance, or the ratio of the largest cryptocurrency’s value to the overall market capitalization of digital assets, slipped below 50% for the first time since 2018, according to the data sites CoinMarketCap and CoinGecko. The ratio was 48% as of 15:44 coordinated universal time (11:44 a.m. ET) and came as ether (ETH), the native cryptocurrency of the Ethereum blockchain and the second-largest overall, surged to a new all-time high. Bitcoin’s market value is about $1.02… Source link

undefined It is unclear exactly why supporters have decided 20 April, which is also International Weed Day, will be celebrated as ‘doge day’. Photo: Getty Images Bitcoin and ethereum on Tuesday extended price declines that began last week, while Dogecoin maintained its rally on what supporters have dubbed ‘DogeDay’. Bitcoin (BTC-USD) was down 4.6% to trade at $54,763.19 (£39,152.67) by 9.20am in London. Ethereum (ETH-USD), the second largest cryptocurrency, was down around 5.3% to… Source link

Stocks fell Monday, with the S&P 500 and Dow retreating from record levels.  The Dow dropped about 130 points, or 0.4%, after the index rallied to an all-time high of more than 34,000 last week. The S&P 500 also dipped below the index’s record high, and the Nasdaq edged lower. The 10-year Treasury yield rose to top 1.6%. Bitcoin (BTC-USD) prices added more than 3% Monday morning in New York, recovering some losses after plunging swiftly over the weekend. Bitcoin sank as much as 15% on Sunday,… Source link

Bitcoin’s potential institutional adoption has been a hot topic in markets. Photo: Chesnot/Getty Images Cryptocurrency prices were volatile on Monday morning, after a wild weekend of selling that saw some tokens plunge by as much as 13%.  Bitcoin (BTC-USD) was down 1.2% to trade at $57,096 (£41,113) by 9.40am in London. Meanwhile, ethereum (ETH-USD), the second largest cryptocurrency, was down around 1% to trade at $2,253.41. Ripple (XRP-USD) was at one point 9.2% higher on Monday morning… Source link

(Reuters) -Bitcoin, the world’s biggest cryptocurrency, fell as much as 14% to $51,541 on Sunday, reversing most of the big gains it made over the past week. Bitcoin was last trading down 10% at $53,991 as of 1320 GMT, a whopping $12,000 below record highs set on Wednesday. Smaller rival Ether, the coin linked to the ethereum blockchain network, dropped 10% to $2,101. Data website CoinMarketCap cited… Source link

Bloomberg Gas Is the New Coal With Risk of $100 Billion in Stranded Assets (Bloomberg) — Natural gas is falling out of favor with emissions-wary investors and utilities at a quicker pace than coal did, catching some power generators unaware and potentially leaving them stuck with billions of dollars of assets they can’t sell.Citigroup Inc. and JPMorgan Chase & Co. are among the banks that strengthened their financing restrictions on thermal coal under pressure from shareholders wanting to… Source link

On Sunday, bitcoin shed nearly $8,000 and is currently trading at $55,042 down from a day high of $62,000. Photo: Getty Bitcoin (BTC-USD) is experiencing a massive sell-off, shedding as much as 15% in the last 24 hours — the biggest intraday drop since February — days after hitting record highs.  In late February, bitcoin saw a retreat to as low as $43,000 amid uncertainty in the traditional markets over stimulus expectations and their positive effects on US bond yields. The drop appears… Source link

Bloomberg U.S. Drops Switzerland, Vietnam Currency-Manipulator Labels (Bloomberg) — The U.S. refrained from designating any trading partner as a currency manipulator in the Biden administration’s first foreign-exchange policy report, even as Switzerland, Taiwan and Vietnam met thresholds for the label.The Treasury Department said Friday that those three economies met criteria for the manipulator label, including a large trade surplus with the U.S. But it said there was “insufficient… Source link

(Bloomberg) — Bitcoin plunged the most in more than seven weeks, just days after reaching a record. The biggest crypto coin fell 8.5% to $55,810.32 as of 2:52 p.m. in Singapore on Sunday, after declining as much as 15.1% to $51,707.51. Ether, the second-largest token, dropped almost 18% before paring losses. Several online reports attributed the plunge to speculation the U.S. Treasury may crack down on money laundering that’s carried out through digital assets. Bitcoin hit a record high of… Source link

InvestorPlace Ripple Could Climb Even Further After Stunning Comeback Back in December, Ripple (CCC:XRP-USD) was caught in the crosshairs of securities regulators. The price of its XRP token fell below 25 cents. It remained weak, as major exchanges like Coinbase (NASDAQ:COIN) took it off their platforms. After that, it seemed things would get only worse for this popular altcoin. Source: Shutterstock But now, things have changed dramatically. Instead of getting destroyed by the Securities and… Source link