Bitcoin fell as traders monitored transfers by wallets belonging to the failed Mt. Gox exchange, whose administrators have been stepping up efforts to return a $9 billion hoard of the largest digital asset to creditors. The original cryptocurrency dropped as much as 2.7% and was trading at about $67,840 as of 12:15 p.m. Tuesday in … Read more
Bitcoin is on course to advance for a fifth straight month in what would be the token’s longest such winning streak since a pandemic-era rally oiled by easy money. The largest digital asset has risen about 2% in January, a month of pronounced swings sparked by the rollout of the first US spot Bitcoin exchanged-traded … Read more
Bitcoin slid to the lowest since mid-December as the speculative demand for the token sparked by hype about new exchange-traded funds dissipates, leaving the cryptocurrency in the red since the start of 2024. The largest digital asset briefly flirted with a drop below $40,000 before trading at $41,160 as of 6:30 a.m. Friday in Singapore, … Read more
After a quick recovery on the weekend, the crypto market was back in the red on Monday, reminding of the dreary days of September, when inflation and recession worries hurt the markets most. Bitcoin was holding the $19,000-mark, whereas Ethereum slipped below the $1,300-mark. Cryptos tracked equities markets, which were moving dismally amid rising fears. … Read more
New Delhi: Crypto tokens were trading higher on Friday, with Bitcoin holding above the key psychological level of $20,000. The asset class seems increasingly likely to remain in the same price rut until the release of inflation numbers later this month and Federal Reserve’s meeting outcome, said analysts. Barring Tron and US dollar-pegged Tether, all … Read more
New Delhi: Crypto tokens were trading lower on Thursday but Bitcoin held above the $20,000 threshold. The inflation worries and hawkish monetary policy comments dented the sentiments for the digital asset class. Crypto looks bearish for now and there is limited hope for any sharp revival. However, all eyes are set on the much-awaited software … Read more
New Delhi: Crypto market continued to bleed on Friday as investors assessed the minutes of the US Fed meeting. Bitcoins slipped below the $23,000 mark amid the anticipation of further rate hikes. Even for Ethereum, the merge excitement got done and dusted. Experts see a range-bound movement in the days ahead. Shiba Inu plunged 12 … Read more
Crypto market has scripted a strong recovery in the last one week, with major crypto tokens rising up to 70 per cent. The largest crypto token – Bitcoin surged on Monday to hit the $22,000 mark. Altcoins, meanwhile, beat the crypto behemoth as Polygon zoomed more than 13 per cent. Ethereum rallied over 7 per … Read more
New Delhi: Crypto market slipped in early trading hours on Thursday. Bitcoin barely held above $20,000 levels while the pain in altcoins was severe. Fears of recession in the global economy and rising inflationary pressure are denting the sentiment for the digital token market. Barring Unus Sed Leo, which gained about 4 per cent, and … Read more
New York: Bitcoin dropped the most in almost a month as the optimism seen across financial markets following the Federal Reserve‘s meeting on Wednesday faded. The largest digital currency fell as much as 8% to $36,639, the biggest intraday drop since April 11. It had gained 5.3% on Wednesday. Ether slumped as much as 7.2%. … Read more