Bitcoin climbs back above $57,000 as cryptocurrencies rebound from sell-off

The value of Bitcoin (BTC) has exceeded the threshold of 66,895 dollars for the first time in his history. Chesnot | Getty Images Bitcoin and other cryptocurrencies surged Monday after a sharp sell-off at the end of last week. The price of bitcoin climbed nearly 6% in the last 24 hours to $57,373, according to … Read more

Covid developments to rule the market once again in the week ahead after Friday’s rout

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 14, 2021. Brendan McDermid | Reuters Uncertainty about a new emerging coronavirus strain could continue to spook markets, just as Friday’s employment report and other data in the week ahead show the economy has been getting stronger. … Read more

Stripe says it’s open to accepting crypto for payments, three years after ending bitcoin support

John Collison, President and co-founder of Stripe, attends the 2018 Viva Tech conference in Paris. Christophe Morin | IP3 | Getty Images Stripe isn’t ruling out accepting cryptocurrency as a method of payment in the future, according to co-founder John Collison. The online payments company ended support for bitcoin payments in 2018, citing the digital … Read more

Ripple seeing ‘good progress’ in SEC case over XRP, outcome expected next year

In this photo illustration of the ripple cryptocurrency ‘altcoin’ sits arranged for a photograph on April 25, 2018 in London, England.  Jack Taylor | Getty Images News | Getty Images Fintech company Ripple is making great strides in its legal feud with the U.S. Securities and Exchange Commission, CEO Brad Garlinghouse told CNBC on Monday. … Read more

5 things to know before the stock market opens Wednesday

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street looks steady after more retail earnings, near-record closes Traders work on the floor of the New York Stock Exchange (NYSE) on November 15, 2021 in New York City. Spencer Platt | Getty Images U.S. stock … Read more

Crypto is a religion not an investment, global investor Mark Mobius says

Global investor Mark Mobius on Wednesday called cryptocurrencies a religion, joining a chorus of digital coin skeptics at a time when bitcoin and ether are trading near all-time highs. “It’s a not an investment it’s a religion,” he founder of Mobius Capital Partners said on “Squawk Box.” “People should not look at these cryptocurrencies as … Read more

5 things to know before the stock market opens Thursday

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Dow set to drop after hitting an intraday record Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 20, 2021. Brendan McDermid | Reuters 2. Southwest, American report … Read more

First bitcoin futures ETF rises 3% in trading debut on the NYSE

An illustration showing the cryptocurrency bitcoin with a price chart in the background. STR | NurPhoto via Getty Images Shares of the first U.S. bitcoin-linked exchange-traded fund rose slightly in their trading debut on Tuesday. The ProShares Bitcoin Strategy ETF, ticker ‘BITO,’ was last up about 3%. The fund tracks CME bitcoin futures, or contracts … Read more

First bitcoin futures exchange-traded fund starts trading Tuesday. What to know before adding it to your portfolio

Bitcoin on display. Chesnot | Getty Images The first U.S. bitcoin futures exchange-traded fund will launch on Tuesday, a milestone for the cryptocurrency industry, and others may soon follow. The long-awaited ProShares ETF will offer exposure to bitcoin futures contracts — agreements to buy or sell the asset later for an agreed-upon price — rather … Read more

Bitcoin bull Mark Yusko sees trouble at $60,000, calls the cryptocurrency ‘overbought’ right now

A bitcoin bull is on pullback watch. Hedge fund manager Mark Yusko believes investors will take profits due to the cryptocurrency’s sharp rally over the last few weeks. “There are a lot of people that think we could hit $100,000 by the end of the year. The stock to flow model says we should,” the … Read more