Tag Archives: drops

A survey shows hedge funds plan to increase their exposure to cryptocurrencies by 2026. Photo: Getty Images Bitcoin dropped below $40,000 (£28,410) on Tuesday morning even as a survey showed hedge funds interest is on the up and billionaire venture capitalist Tim Draper said he is sticking by his prediction that the cryptocurrency will reach $250,000 by the end of 2022 or early 2023. Bitcoin (BTC-USD) was down 1% and trading at $39,717 a day after it got a boost as American hedge fund magnate… Source link

(Bloomberg) — Bitcoin and most other top cryptocurrencies fell on Sunday on concerns that there may be a further crackdown on the industry in China and as a report from Goldman Sachs Group Inc. served as a reminder that institutional adoption may be a long process. Bitcoin and many others in the top 30 cryptocurrencies excluding stablecoins declined in the past 24 hours as of 12:20 p.m. in London on Sunday, according to pricing data from CoinGecko, though No. 2 Ether was slightly higher…. Source link

Investors have been selling bitcoin for the past week, according to on-chain data. Meanwhile, ether’s daily trading volumes have consistently outpaced BTC’s.  Bitcoin (BTC) trading around $35,987 as of 21:00 UTC (4 p.m. ET). In the red 2.5% over the previous 24 hours.Bitcoin’s 24-hour range: $35,754-$37,833 (CoinDesk 20)Ether (ETH) trading around $2,549 as of 21:00 UTC (4 p.m. ET). Losing 3.2% over the previous 24 hours.Ether’s 24-hour range: $2,532-$2,734 (CoinDesk 20) Bearish… Source link

Bitcoin is nursing losses on Friday despite hopes of more inflation-boosting U.S. stimulus to come. On Friday, President Joe Biden is set to release his first full budget, seeking $6 trillion in federal spending for the fiscal year 2022 and $8.2 trillion by 2021, The New York Times reports. The proposal shows the Biden administration remains undeterred by recent inflation fears and is unlikely to close the liquidity tap anytime soon, having already pumped trillions of dollars into the system… Source link

Bitcoin tumbled for a fifth-straight day, putting the largest cryptocurrency on track for its worst month in more than three years and leading a full-flown retreat from digital-asset markets. At press time, bitcoin (BTC) was changing hands at around $38,500, after dropping below $31,000 earlier Wednesday. The price was down 9.8% since 0:00 coordinated universal time (8 p.m. ET Tuesday). As recently as April, the price had hit an all-time high of close to $65,000. The latest crash shook out… Source link

Bloomberg The World Economy Is Suddenly Running Low on Everything (Bloomberg) — A year ago, as the pandemic ravaged country after country and economies shuddered, consumers were the ones panic-buying. Today, on the rebound, it’s companies furiously trying to stock up. Mattress producers to car manufacturers to aluminum foil makers are buying more material than they need to survive the breakneck speed at which demand for goods is recovering and assuage that primal fear of running out. The… Source link

Bloomberg ‘A Preventable Mess’: How Dementia Takes Toll on Aging Lawyers (Bloomberg) — Robert Fritzshall had to be pushing 80, Bethany McLean thought, so she was a little surprised to hear him talk about expanding his law practice.His office was a bit dusty and cluttered with papers. There were files on the floor. She was concerned that he didn’t see the need to carry malpractice insurance. But she doesn’t remember anything being a red flag.“He was charismatic, enthusiastic,” she… Source link

Kevin Durant made quite the statement on Sunday afternoon. Durant returned to the lineup for the Brooklyn Nets one week after suffering a left thigh contusion, and dropped 34 points off the bench in their 128-119 win against the Phoenix Suns at the Barclays Center. Durant played 28 minutes in the win, and shot 12-of-21 from the field while grabbing six rebounds and dishing out four assists. “It was a good start,” Durant said, . “Hopefully I’ll build on this game and keep going.” Kyrie… Source link

Demand for cryptocurrencies in the country has been driven up recently by inflation pressures and a weaker Turkish Lira. The country’s annual inflation rose above 16% in March. Photo: Chesnot/Getty Images The price of bitcoin (BTC-USD) descended from record highs on Friday following a decision by Turkey’s central bank to ban cryptocurrencies for payments.  The Central Bank of the Republic of Turkey (CBRT) said the use of cryptocurrencies and other crypto assets based on distributed ledger… Source link

The U.S. economy brought back more jobs than expected in March, presaging even faster employment growth in the coming months as more Americans become vaccinated and jobs across industries return.  The Department of Labor released its March employment report Friday at 8:30 a.m. ET. Here were the main metrics in the report, compared to consensus estimates compiled by Bloomberg:  Change in non-farm payrolls: +916,000 vs. +660,000 expected and a revised +468,000 in February  Unemployment rate:… Source link