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Bitcoin (BTC-USD) crashed over 13% on Thursday, sinking below $64,000 to touch its lowest levels since October 2024 as a steep sell-off accelerated. The token is down nearly 50% from last year’s all-time high, erasing all of the gains made during President Trump’s second term. Investors had been optimistic that the administration’s crypto-friendly policies would […]
Continue ReadingBitcoin surged to an all-time high of $124,000 on Thursday, August 14 fueled by growing demand from U.S. retirement accounts, institutional investors, and treasury firms. The move coincided with a rally in American stocks, reflecting heightened global risk appetite. The world’s largest cryptocurrency by market value rose 0.9% from its July peak, while Ethereum hit […]
Continue ReadingBitcoin surged above $90,000 for the first time since March, rising over 5% to $91,605.01 on Tuesday, according to Coin Metrics. It briefly touched $91,752.00 and is now up more than 8% over two days, rebounding 22% from its April low. The rally comes amid continued stock market turbulence and a weakening dollar. U.S. equities […]
Continue ReadingBitcoin and its cryptocurrency peers have slumped in value over recent days as tariff threats from US President Donald Trump and new scandals affecting the sector shake confidence in volatile assets. Bitcoin dived Friday to trade under $80,000 for the first time since November. Its low of $78,225.84 was more than 25 percent off levels […]
Continue ReadingBitcoin hit $100,000 for the first time on Wednesday, surging to a new record after US President-elect Donald Trump unveiled administration picks believed to usher in crypto-friendly policies when he takes office in January. Among the picks by Trump is Paul Atkins, whom Trump intends to nominate to lead the Securities and Exchange Commission (SEC), […]
Continue ReadingBitcoin hit a fresh record above $71,000 on Monday as demand for the cryptocurrency picks up amid optimism that the Federal Reserve will cut interest rates the year. The unit hit a peak of $71,432 in afternoon Asian business, according to Bloomberg data, meaning it has advanced almost 70 percent this year. (AFP)
Continue ReadingBitcoin has dramatically dropped in value after China’s central bank on Friday, September 24 announced that all transactions of crypto-currencies are illegal, effectively banning digital tokens such as Bitcoin and ethereum in the country. China is one of the world’s largest crypto-currency markets and 95 percent of crypto mining occurs in China. “Virtual currency-related business […]
Continue ReadingBitcoin plunged below $40,000 for the first time in more than three months Wednesday after China said cryptocurrencies would not be allowed in transactions and warned investors against speculative trading in them. The comments sent the unit diving more than 10 per cent and dealt it another blow soon after being battered by comments from […]
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