A year filled with highs and lows for cryptocurrency is ending with surprising winners — neither of which are Bitcoin (BTC-USD), Dogecoin (DOGE-USD) and Shiba Inu (SHIB-INU), the three digital coins that grabbed most of the headlines in 2021. Ether (ETH-USD) was one of the year’s biggest winners, more than quadrupling Bitcoin as an investment. Despite heavy investor buzz and new exchange-traded funds, the leading cryptocurrency spiked to a fresh record near $69,000 — only to retreat in… Source link
Read More »Bitcoin’s retreat from $66K may signal a whipsaw end to an ’emotional’ year
Bitcoin (BTC-USD) may finish 2021 defined by the same vertigo-inducing price action that took it from under $30,000 to a fresh record near $66,000 within the space of a few months, analysts say. On Thursday, investors booking profits in the wake of the successful launch of two Bitcoin futures-based exchange traded funds (ETFs) last week dragged the digital coin down by about 5% on the day. More new funds are expected to hit the market from issuers like VanEck, Galaxy Digital and Bitwise,… Source link
Read More »Archegos-Linked Stocks Whipsaw With Block-Trade Woes Persisting
(Bloomberg) — The group of stocks at the center of a $20-billion block trades selling spree last week were under pressure on Monday as investors worried there could be more fallout from forced offerings. ViacomCBS Inc. fell as much as 4.3% in New York trading after a $2.1 billion block trade was said to price at the top of its range, while Discovery Inc. gained 2.4%. The American depositary receipts of Chinese companies Tencent Music Entertainment Group, Baidu Inc. and GSX Techedu Inc. were… Source link
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