Bitcoin Erases Most of New Year’s Gains Amid Short-Term Profit Taking
Bitcoin’s prices have surrendered much of 2021’s eye-popping gains in an equally breathtaking plunge, a drop traders and analysts said was mostly due to short-term profit taking by some institutional investors.
Bitcoin fell to as low $30,305.30, just over $1,100 its 2020 closing price of...
Bitcoin Plummets as Miners Sell Inventory, Spot Markets Panic
Bitcoin fell sharply early on Monday, having failed to establish a foothold above $40,000 over the weekend.
Over the last 24 hours, the cryptocurrency declined by more than $8,000 to $32,400, an over-20% fall from levels over $40,800 late on Sunday (UTC). The cryptocurrency was...
Bitcoin’s Big Drop Again Coincides With Dollar Bounce in Forex Markets
Bitcoin continues to trade in the opposite direction to the Dollar Index in a reflection of the cryptocurrency’s maturation as a macro asset like gold.
The top cryptocurrency by market value slumped to $32,400 early on Monday, having set record highs above $41,800 on...
First Mover: Cryptocurrency Euphoria Hits Breaking Point as Miners Lose Nerve
The recent euphoria in cryptocurrencies morphed into a severe sell-off, as bitcoin prices dove 12% on Monday, which would be the most for a single calendar day since March.
Prices for the largest cryptocurrency had soared last week to an all-time high of $41,962, and that...
Two NYC Bars Could Be Yours for Only 25 Bitcoin or 800 Ether: Report
A New York City bar owner is selling his business for bitcoin (BTC) and ether (ETH), which could make it the first cryptocurrency-only restaurant sale in the U.S.
According to the New York Post, owner Patrick Hughes has put the bars Hellcat Annie's and Scruffy...
Long-Desired Bitcoin ETF Could Actually Hurt Price in Short Term: JPMorgan
While a bitcoin exchange-traded fund (ETF) would be a long-term positive, in the short term it could hurt the price of the leading cryptocurrency as it would draw institutional money from the Grayscale Bitcoin Trust (GBTC), currently the only way for some on Wall...
Biden Administration May Be Awash with Cash Flow, Good for BTC
The US Congress now has the democrats in the majority and this may get the Biden administration a free ride to getting the new stimulus bill to be approved.With the United States of America, the most powerful nation in the world set to usher...
Think How Well Bitcoin Would Be Doing if You Could Actually Buy It
For all the talk about bitcoin (and broadly crypto) being easier to buy than ever before, Friday morning, as bitcoin was topping $41,000 per coin, I spent hours trying to make a small $100 purchase.
According to some, the latest rally was initiated by institutional...
Deluge of Would-Be Bitcoin Traders Prompts eToro to Put Out the Unwelcome Mat
eToro said it’s so overwhelmed by demand by newcomers who want to trade cryptocurrencies on the exchange it has temporarily boosted the amount new users have to put on deposit to discourage them from joining.
The platform, which mainly caters to "social" or beginner traders,...
Data shows Bitcoin sells are being scooped up by BTC whales
Bitcoin jubilation turns to panic as the market downturn takes hold. The last 24-hours have seen $260 billion wiped from the crypto market cap in what can only be described as a blood bath.Indications of a dip began to show over the weekend when...
