Bitcoin is sliding after Federal Reserve Chairman Jerome Powell poured cold water on Facebook’s plans to launch a cryptocurrency. The world’s best-known digital coin — which has experienced a meteoric rise in 2019 — fell 12% to about $11,450 on Thursday, according to CoinDesk data. Bitcoin had hit a 17-month high above $13,000 just two weeks ago. It’s currently up about 200%
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Bitcoin declined sharply today, losing close to 8% in less than two hours. The world’s most prominent cryptocurrency fell to as little as $12,138.37 shortly after 11:00 EDT, a roughly 7.9% drop from its intra-day high of $13,175.69 reached at roughly 09:30 EDT, CoinDesk data shows. The digital currency then extended these losses, trading at $12,062.47 shortly after 1:30 EDT, additional
The bitcoin price is once again trading above the $12,000 level, and the current market cycle could take the price to a new all-time high. Morgan Creek Capital Management CEO Mark Yusko was featured on CNBC, where he emphasized that bitcoin is the best-performing asset since October 2018 by a long shot. “I think we’re
A new research note from crypto prime dealer SFOX indicates there may be a correlation between the bitcoin price and holidays, at least during pronounced bull runs. The note from the SFOX research team points to 2017’s massive rally in the crypto asset market around Thanksgiving and Christmas in the United States and a more recent
The price of Bitcoin plunged Thursday after major cryptocurrency exchange Coinbase suffered an outage. It comes after Bitcoin and related digital currencies and stocks staged a powerful prolonged rally after last week’s Facebook (FB) announcement that it is entering the crypto space. Bitcoin prices soared as high as $13,844.77 on Wednesday but plunged as low as $10,373
Bitcoin has tripled in price in under three months, from $4,000 at the start of April to over $12,500. The cryptocurrency has surged by more than a third in the past week. Rising mainstream interest, geopolitical tensions, expansionary monetary policy, a supply cut next year, and bitcoin whales may be responsible. Watch bitcoin trade live.
Other than technical analysis, which can assist in finding buy and sell points, crypto traders are beholden to the whims of other traders. This is particularly true for bitcoin because its value isn’t tied to any asset, which would give it some framework for intrinsic value. Traders are making decisions based on what they think someone else believes bitcoin
Bitcoin (BTC) set a new 2019 high on June 21, hitting $9,800 and firmly beating daily returns of almost all major cryptocurrencies. Data from Coin360 put BTC/USD trading at around $9,675 at press time Friday after a minor correction from earlier highs. The performance further cements bitcoin’s bullish progress over the past three months, surprising investors
When I jumped on a WhatsApp call with 41-year old Didi Taihuttu, he was a few days away from joining his family on CoinBank’s annual Mediterranean “Blockchain Cruise” — a combination vacation getaway and crypto symposium at which all the movers and shakers in the decentralized finance arena get together to discuss a hypothetical future where government-printed
Despite many investor’s laser-like focus on Bitcoin’s breathtaking rally, one currency that’s far outpacing Bitcoin and other cryptocurrencies is Litecoin, up about 340% this year as of today with a market value of $8.3 billion. The digital coin has grown at far more than double the pace of Bitcoin in 2019, and is now the