Bitcoin briefly surpassed $25,000 for the first time since mid-June, as momentum continued from a cooler-than-expected US inflation data and progress toward Ethereum’s big upgrade. The largest cryptocurrency rose as much as 2.2% on Sunday to $25,031, its highest level since June 13. It was trading around $24,750 as of 6 a.m. New York time, … 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
New Delhi: The cryptocurrency market was bleeding Thursday with a sharp fall following corrections in global stock markets. The hawkish stance of Federal Reserve and expectation of early rate hikes have dampened the sentiments of investors. Barring the dollar-pegged USD Coin, all other nine out of top 10 digital tokens were trading with sharp fall … Read more
By Joanna Ossinger and Emily Graffeo Bitcoin tumbled 20 per cent from the record high it notched earlier this month as a potentially worrisome new variant of the coronavirus spurred traders to dump risk assets across the globe. The world’s largest cryptocurrency fell as much as 9 per cent to $53,552 on Friday. Ether, the … Read more
By Eric Lam and Crystal Kim Ether, the second-largest cryptocurrency, soared to a record above $4,400 Friday on bullish sentiment surrounding the most used blockchain network. The digital asset gained as much as 4.8% to $4,459.20, topping the previous record of $4,379.62 in May. The token traded around $4,387 as of 2:41 p.m. in New … Read more
The cryptocurrency business has a lot to learn from stocks about preventing crashes. Eye-catching, mistaken plunges are not unusual in crypto. In June 2017, Ether had a harrowing 45 milliseconds that took its price down to 30 cents — a 99.9% loss. This week, it was Bitcoin’s turn to flash crash: The biggest cryptocurrency dove … Read more
Bitcoin is flirting with a run toward its all-time high after jumping more than 90% since a low in July. The largest cryptocurrency was trading just above $57,000 as of 7:52 a.m. in London, some $7,700 shy of its April record. A recent rally in digital tokens like Bitcoin and second-ranked Ether contrasts with the … Read more
The past week has been yet another massively volatile week for the cryptocurrency market. The sleeping giant Bitcoin finally woke up and crossed the $55,000 mark marking a period of massive rally. Most of the other altcoins followed the momentum in the largest cryptocurrency. The largest altcoin, Ether, went past the $3600 mark. A message … Read more
NEW DELHI: Major cryptocurrencies traded lower on Wednesday after investors took some profits off the table following a decent rally in the last 2-3 days. Nine out of the top 10 digital tokens were trading with cuts at 9.30 hours IST, with Polkadot leading the losers. After another weekend of wild price swings, the crypto … Read more
MUMBAI: The sudden meltdown in the cryptocurrency market over the past week came as a punch to the gut for investors, who had taken positions based on leverage. Bitcoin, Dogecoin and Ethereum’s over 50 per cent collapse from their all-time highs sent shockwaves throughout the financial markets, with many writing off the asset class for … Read more