What happened
Cryptocurrency prices roared higher in Monday-morning trading, with Ethereum (CRYPTO: ETH) up 3.7% since midnight Sunday, Bitcoin (CRYPTO: BTC) up 4.4%, and Dogecoin (CRYPTO: DOGE) doing best of all -- up 5.9% as of 10:45 a.m. EDT.
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Roughly every four years, Bitcoin (BTC-USD) mining companies eagerly anticipate the halving event. According to the latest estimates, the nearest one may take place in April 2024 and will put pressure on the margins of mining companies as the miners’ rewards will be cut twice. This can also lead to a drop in the value of the main cryptocurrency, which in turn can negatively affect crypto stocks to sell before bitcoin halvi...
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“Bitcoin and any cryptocurrency at this point has not really established itself as a credible institutional investment,” Minerd said Wednesday during a Bloomberg Television interview from the World Economic Forum in Davos, Switzerland. “Everything is suspect.”
Minerd said his firm bought Bitcoin at $20,000 and sold w...
Bitcoin fell below $35,000 on Sunday morning after declining almost 4% over the past 24 hours and nearly 9% over the last seven days. The market cap of the largest cryptocurrency tumbled to $658 billion, according to CoinMarketCap data. On March 28, that figure stood at more than $900 billion.
The downward pressure began after the Federal Reserve announced it would...
Iconic fashion brand Gucci will begin accepting cryptocurrency in some of its U.S. locations later this month, with plans to roll out the program to other North American stores this summer.
According to Vogue Business, in-store payments will be made using a QR code that customers can scan with their crypto wallet, sent by Gucci via email. The stores will accept various digital currencies, including Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Dogecoin, and Shiba Inu.
The first locations to accept...
The two largest digital coins, Bitcoin and Ethereum, traded lower Thursday night as the global cryptocurrency market dropped 2.5% to $2.1 trillion.
Price Performance Of Major CoinsCoin | 24-hour | 7-day | Price |
---|---|---|---|
Bitcoin (CRYPTO: BTC) | -3.6% | 3.65% | $45,507.27 |
Ethereum (CRYPTO: ETH) | -3.25% | 6.1% | $3,287.11 |
Dogecoin (CRYPTO: DOGE) | -3.1% | 1.8% | $0.14 |
Cryptocurrency | 24-Hour % Change (+/-) | Price |
---|---|---|
STEPN (GMT) | +23.4% | $2.46 |
IOST (IOST) | +20.9% | $0.04274 |
Theta Network (THETA) | +10.9% | ââ$4... |
Bitcoin is taking a pause following a sharp rise in recent days that saw it reach its highest levels of the year.
The largest cryptocurrency fell as much as 2.2% on Tuesday to trade around $46,908, its first down day in six. The drop follows a break-neck surge of roughly 20% since mid-March, which had helped it wipe out all 2022 losses and accumulate gains of roughly 2% for the year. And Tuesday’s downturn comes as U.S. stocks -- which crypto markets have largely moved in tandem with all ye...
SHIB, an Ethereum (CRYPTO: ETH)-based project, was created anonymously by a person or persons who call themselves Ryoshi. The coin came to the fore in August 2020 and was listed by a number of major cryptocurrency exchanges in the following year.
On May 10, 2021, SHIB was listed by Binance. On the same day, FTX f...
“We’re gonna see a lot of that throughout tax season, where folks just didn’t understand what they did. And there’s a lot of millennials that really did a lot of trading without knowing what the implications are,” Goodarzi said in an inter...
The recent rise and rise of the cryptocurrency market followed by a crash has reinforced the distrust and defiance of Main Street, which still equates the entire crypto sphere with bitcoin, despite the growing popularity of NFTs - essentially a line of blockchain code, the platform upon which all cryptos are coded, that represents a one-of-a-kind object.
"Bitcoin is very volatile. It's very risky," said Hank Boyd, professor of marketing in the Business department at University of Maryland. He ...
Shares of several Chinese stocks, including Nio Inc - ADR (NYSE: NIO), are trading higher after the Chinese government vowed to focus on consumption recovery and reduce some income tax rates.
Shares of several Chinese stocks have otherwise been under pressure amid continued COVID-19 omicron variant concerns, which have prompted travel restrictions in some nations and added to lockdown fears. Omicron concerns have also caused uncertainty amid the ...
Bitcoin and ethereum are two of the most popular and biggest cryptocurrencies by market size.
Bitcoin, which came into existence in 2008, was created by someone using the alias Satoshi Nakamoto.
Russian-Canadian programmer Vitalik Buterin created ethereum in 2015.
Despite being both digital currencies, there are few fundamental differences between them.
Bitcoin was created to be a decentralized digital currency, which means nobody controls it--neither the government nor central bank.
Howe...
What’s Moving? The coin associated with Craig Wright soared 23.69% to $147.58 over 24 hours. For the week, it is down 0.55%.
BSV gained 18.17% against BTC, while it rose 17.17% against Ethereum (CRYPTO: ETH), the second-largest coin by market capitalization.
On a year-to-date basis, BSV has fallen 9.52%. Ove...
Over the past 24 hours, Ethereum's (CRYPTO: ETH) price has risen 3.72% to $4,796.15. This continues its positive trend over the past week where it has experienced a 12.0% gain, moving from $4,291.42 to its current price. As it stands right now, the coin's all-time high is $4,798.49.
The chart below compares the price movement and volatility for Ethereum over the past 24 hours (left) to its price movement over the past week (right). The gray bands a...
Ethereum was leading the crypto moon race while Bitcoin (CRYPTO: BTC) attempted to break up bullishly from a descending channel, but was still trading about 7% below its Oct. 20 all-time high of $66,999.
If Ethereum is able to get bullish follow through on the break it could be a big weekend...
A bitcoin futures exchange-traded fund is set to launch next week and is making the crypto industry very excited.
It's not quite the pure bitcoin ETF that many crypto enthusiasts w...
The ProShares Bitcoin Strategy ETF began trading on Intercontinental Exchange Inc's (ICE.N) NYSE Arca on Tuesday under the ticker BITO after being greenlighted by the U.S. Securities and Exchange Commission.
Bitcoin fu...
Jamie Dimon is the CEO of JPMorgan.
He’s also a master marketer.
Earlier this week, he called bitcoin “worthless.” It’s far from the first time he’s slammed the cryptocurrency. Here’s a quick trip down memory lane featuring some of Dimon’s greatest hits:
2014: “terrible store of value”
2015: “will not sur...
The crypto markets have also begun to trade in correlation with the overall markets this year due to Bitcoin and a number of altcoins being adopted by companies such as Square Inc (NYSE: SQ) and PayPal Holdings Inc (NASDAQ: PYPL).
See Also: Why Bitcoin And Ethereum Are Trading Lower Today
Video:...
CNBC "Mad Money" host Jim Cramer said Monday investors like him should book profits in their cryptocurrency portfolios before things get worse due to the weakness related to struggling Chinese property developer Evergrande.
What Happened: Cramer said, as much as cryptocurrency backers don't like to hear the word "sell," he was "begging" investors who have made gains in cryptocurrencies to sell some of their holdings and return to weigh in as the situation unfolds.
“Don...
Cryptocurrency prices roared higher in Monday-morning trading, with Ethereum (CRYPTO: ETH) up 3.7% since midnight Sunday, Bitcoin (CRYPTO: BTC) up 4.4%, and Dogecoin (CRYPTO: DOGE) doing best of all -- up 5.9% as of 10:45 a.m. EDT.
It's Tuesday, and for the second day in a row, cryptocurrencies are going down. In 10:30 a.m. EDT trading today:
Stefan Thomas really could have used a quantum computer this year.
The German-b...
So, yeah, it’s a horrible day for cryptocurrency investors. Every major digital currency—from Bitcoin to Dogecoin—is down a staggering amount as China has widened its crackdown on cryptos. (So, for that matter, is Wall Street.) But virtually all of them are also already seeing some sort of recovery.
The question is, are investors (perhaps the HODLers who are the most enthusiastic evangelists for crypto) buying on the low to send their crypto of choice higher...
Cryptocurrency is going mainstream. After nearly a decade as an alternative form of digital-only currency on the fringes, it’s now being embraced by some major financial institutions
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