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
New Delhi: The cryptocurrency market staged a quick recovery on Friday as traders saw some value at lower levels. Hawkish comments from US Federal Reserve Chairman Jerome Powell spooked the traders a day before. The central bank will raise interest rates more than four times this year. Barring the US dollar-pegged Tether, Dogecoin and Terra, … Read more
The crypto bloodbath has transformed a famous Bitcoin ETF that launched the most successful debut ever into one of the biggest losers for an issuer in their first two months of trading. With a 30% drop, the ProShares Bitcoin Strategy exchange-traded fund, ticker BITO, is now one of the 10 worst performers when looking at … Read more
LONDON: Bitcoin smashed through $20,000 for the first time on Wednesday, its highest ever. The cryptocurrency jumped 4.5% to move as high as $20,440. It has gained more than 170% this year, buoyed by demand from larger investors attracted to its potential for quick gains, purported resistance to inflation and expectations it will become a … Read more
By Amena Saad One of the most alluring aspects of Bitcoin to traders and speculators is back: Volatility. Price swings by the largest cryptocurrency have reached the highest level in about a year in the past few weeks as the digital asset trades around $12,000. Bitcoin crashed almost $500 in a matter of minutes this … Read more