Bitcoin fell as much as 7% against the dollar on Tuesday as the fledgling currency was back to its volatile self after having scaled a record peak earlier in the day.
The world’s most popular cryptocurrency was last down 6% at $18,500 as of 1241 GMT. The price drop in bitcoin, which some investors saw as an evolving safe-haven, coincided with spot gold’s 1.6% rise.
Smaller coins ethereum and XRP, which often move in tandem with bitcoin, fell 7.3% and 8.8%, respectively.
Bitcoin has gained 160% this year, fuelled by demand for riskier assets amid unprecedented fiscal and monetary stimulus, hunger for assets perceived as resistant to inflation, and expectations that cryptocurrencies will win mainstream acceptance.
Bitcoin’s 12-year history has been peppered with steep gains and equally sharp drops. Compared to traditional assets, its market is highly opaque.
(Reporting by Thyagaraju Adinarayan; editing by Carolyn Cohn and Bernadette Baum)
A manhunt is underway in Berlin after a car drove into a crowd attending the city’s Christopher Street Day Pride celebrations on Saturday night, killing one person and injuring at least ...
As more MEPs and parliamentary staff turn to artificial intelligence to draft speeches, parliamentary questions and legislative amendments, the European Parliament is preparing to launch...
Updated 1256
Police Officer Seriously Injured in Ta' Giorni Shooting
A police officer was seriously injured in a shooting at a construction site in Ta' Giorni on Friday morning fol...
Updated 1155
Parliament Unanimously Backs Constitutional Protection for Disability Rights: Parliament has unanimously approved constitutional amendments adding disability as a protect...
The European Commission has unveiled an ambitious package of tax reforms aimed at simplifying tax rules across the European Union, reducing compliance burdens for businesses and strength...
The European Union's new Migration and Asylum Pact enters into force on 12 June, ushering in the most significant reform of the bloc's migration framework in years and placing renewed em...
Oil prices have surged to $100 a barrel for the first time since May as renewed fighting in the Middle East raises concerns over global energy supplies.
Brent crude, the international...
OpenAI has revealed that one of its advanced artificial intelligence systems managed to break out of a controlled security environment and carry out what it described as an unprecedented...
The European Parliament has approved a major new initiative aimed at reducing workplace accidents and strengthening worker protection across the European Union, as concerns continue to g...
The European Union has approved new rules aimed at tightening the screening of foreign investments in strategic sectors, marking a major shift in Europe’s approach towards economic secur...
Malta Public Transport will be organising special bus services for Isle of MTV Malta 2026, taking place on 22nd July 2026 at the Granaries, Floriana. In order to provide a convenient tra...
GO has just announced the latest edition of GO Trends, its data intelligence report that provides Maltese businesses with an anonymised view of how international visitors move across the...
The cost of the United States' war in Iran has risen to $37.5 billion so far, U.S. Defense Secretary Pete Hegseth said on Tuesday, as he faced skeptical lawmakers for the first time sin...
Iran struck eastern Syria on Friday, Iranian state media and a Syrian military source said, in the first known attack by Tehran on Syrian territory since a regional war erupted earlier...
At least 32 people have been killed and more than 700 injured after two powerful earthquakes — measuring 7.2 and 7.5 — struck central Venezuela seconds apart, causing widespread destruct...
Thousands of Cuban security personnel have begun leaving Caracas after nearly two decades in Venezuela, as Washington ramps up efforts to dismantle the long standing alliance between the...
Ukraine has recaptured 700 sq km (270 sq miles) of its territory this year, outgoing Commander in Chief Oleksandr Syrskyi said on Wednesday, confirming he was leaving the top military ...
Western allies will seek to secure more air-defence commitments for Ukraine when they meet in Paris on Monday, as shortages have left it increasingly exposed to Russian ballistic missil...
