Tag Archives: tumbles

(Bloomberg) — Elon Musk continued to whipsaw the price of Bitcoin, sending it to the lowest since February after implying in a Twitter exchange Sunday that Tesla Inc. may sell or has sold its cryptocurrency holdings. Bitcoin slid below $45,000 for the first time in almost three months after the billionaire owner of the electric-car maker seemed to agree with a Twitter post that said Tesla should divest what at one point was a $1.5 billion stake in the largest cryptocurrency. It traded at… Source link

Bloomberg Coinbase Hits $100 Billion Then Slips in Landmark Crypto Listing (Bloomberg) — Cryptocurrency exchange Coinbase Global Inc. soared above a $112 billion valuation in its trading debut Wednesday, then slipped back below its opening price as Bitcoin fell from record highs and tech stocks fell across the board.The massive valuation, which dwarfs more traditional financial companies including Intercontinental Exchange Group Inc. and Nasdaq Inc. itself, is a landmark moment for the crypto… Source link

Bloomberg Buffett’s ‘Tone Deaf’ Annual Letter Skirts Major Controversies (Bloomberg) — Warren Buffett’s 15-page annual letter to shareholders on Saturday made mention of the pandemic that ravaged the globe in 2020 exactly once: One of his furniture companies had to close for a time because of the virus, the billionaire noted on page nine.Buffett likewise steered clear of politics, despite the contested presidential election and riots at the U.S. Capitol, and never touched on race or… Source link

(Bloomberg) — Bitcoin’s losses accelerated, with prices tumbling below $50,000, as investors started to bail on the market’s frothiest assets. The cryptocurrency tanked as much 18% on Tuesday and traded around $48,750 as of 10:41 a.m. in New York. While the selloff only puts Bitcoin prices at the lowest in about two weeks, investors are starting to wonder whether it marks the start of a bigger retreat from crypto or simply represents volatility in an unpredictable market. “Today’s… Source link

After a dominant season that included a Heisman Trophy and a national title, Alabama wide receiver DeVonta Smith has been discussed as a potential top-five pick who could be the first receiver selected in the 2021 NFL draft. But that’s not how things play out in the latest 2021 NFL mock draft from NFL Network’s Daniel Jeremiah, who has Smith falling out of the top 10. Jeremiah doesn’t explain his reasoning for Smith’s tumble, only correctly pointing out that his arrival in Minnesota at… Source link