Bitcoin

UPDATED: Bitcoin hits 3-month low, then rallies, on Musk tweets

Bitcoin rallied from three-month low on Monday in a volatile session that saw investors initially selling and then buying cryptocurrencies in the wake of Tesla boss Elon Musk's tweets about…

Read More Here

Bitcoin rises 5.6% to $49,337.72

Bitcoin rose 5.63 % to $49,337.72 by 0800 GMT on Sunday, adding $2,628.83 to its previous close. Bitcoin, the world's biggest and best-known cryptocurrency is up 77.9% from the year's…

Read More Here

Bitcoin sinks below $50,000 as cryptos stumble over Biden tax plans

Bitcoin and other cryptocurrencies suffered hefty losses on Friday on concern that U.S. President Joe Biden's plan to raise capital gains taxes will curb investment in digital assets. The selloff…

Read More Here

Bitcoin falls back sharply after weekend record

Bitcoin fell back sharply on Monday after hitting a record high of $61,781.83 over the weekend after U.S. President Joe Biden signed off on his $1.9 trillion fiscal stimulus and…

Read More Here

Bitcoin takes breather after retreat from record near $62,000

Bitcoin consolidated around $60,000 on Monday, taking a breather from the weekend's record high as investors prepared for inflation worries and U.S. stimulus spending to propel it even higher. The…

Read More Here

Bitcoin hits record high; trades as high as $59,755 on Saturday

Bitcoin, the world's biggest cryptocurrency, on Saturday reached a record high, trading up to $59,755. Bitcoin is up more than 2% from its previous year high of $58,354.14 on Feb.…

Read More Here

Rush to bitcoin? Not so fast, say keepers of corporate coffers

When Elon Musk's Tesla became the biggest name to reveal it had added bitcoin to its coffers last month, many pundits were swift to call a corporate rush towards the…

Read More Here

Bitcoin rises 4.2% to $50,947.94

Bitcoin rose 4.18 % to $50,947.94 on Sunday, adding $2,043.31 to its previous close. Bitcoin, the world's biggest and best-known cryptocurrency, is up 83.7% from the year's low of $27,734…

Read More Here

Bitcoin is at a “tipping point,” Citi says

Bitcoin rose nearly 6% on Monday as risk assets rallied after last week's bond rout cooled, and Citi said the most popular cryptocurrency was at a "tipping point" and could…

Read More Here

UPDATED: Bitcoin falls over 6% to lowest in two weeks

Bitcoin fell over 6% on Friday to its lowest in two weeks as a rout in global bond markets sent yields flying and sparked a sell-off in riskier assets. The…

Read More Here

Bitcoin tumbles 17% as doubts grow over valuations

Bitcoin tumbled 17% on Tuesday, sparking a sell-off across cryptocurrency markets as investors grew nervous at sky-high valuations and leveraged players took profit. The world's biggest cryptocurrency suffered its biggest daily…

Read More Here

UPDATED: Bitcoin slides 6% to below $55,000

Bitcoin fell sharply on Monday after surging to a record $58,354 a day earlier, as a selloff in global equities curbed risk appetite. The most popular cryptocurrency rallied over the…

Read More Here

Elon Musk says Bitcoin and ethereum prices ‘seem high’

Billionaire CEO Elon Musk said the price of bitcoin and ethereum seemed high, at a time when the cryptocurrencies have hit record highs, with bitcoin crossing the $1 trillion market-capitalization…

Read More Here

Elon Musk says bitcoin is slightly better than holding cash

Tesla Inc CEO Elon Musk said that owning bitcoin was only a little better than holding conventional cash, but that the slight difference made it a better asset to hold.…

Read More Here

Dollar buoyed by U.S. recovery hopes, bitcoin near record $52,640

The dollar held its ground on Thursday after its first back-to-back gains in two weeks as upbeat data bolstered expectations that the U.S. economy would recover from the coronavirus pandemic…

Read More Here

Bitcoin’s record price unsustainable without lower volatility – JPMorgan

Bitcoin's charge to a record north of $50,000 isn't sustainable unless the cryptocurrency's price swings cool down quickly, JPMorgan analysts said in a note. The world's biggest digital currency hit…

Read More Here

Bitcoin vaults above $50,000 for first time ever

Bitcoin rose above $50,000 on Tuesday to a new record high, building on a rally fuelled by signs that the world's biggest cryptocurrency is gaining acceptance amongst mainstream investors. Bitcoin hit a…

Read More Here

Apple positioned to offer cryptocurrencies: RBC report

Apple Inc has a "clear opportunity" to offer a buying and selling mechanism for cryptocurrencies, a move that would allow the company to immediately gain market share, according to a research report…

Read More Here

A Tesla for a bitcoin: Musk drives price to moon with $1.5 bln purchase

Feb 8 (Reuters) - Bitcoin took another large stride toward mainstream acceptance on Monday after billionaire Elon Musk's electric vehicle company Tesla Inc revealed it had bought $1.5 billion of…

Read More Here

UPDATED: Bitcoin extends slide, heads for worst week since March 2020

Bitcoin wavered on Friday and was heading toward its sharpest weekly drop since September, as worries over regulation and its frothy rally drove a pullback from recent record highs. The…

Read More Here

Bitcoin slides more than 5% after topping $40,000 for first time

Bitcoin fell more than 5% on Friday, a day after topping $40,000 for the first time. The world's most popular digital currency slid to as low as $36,618.36 on Bitstamp…

Read More Here

Bitcoin breaks above $35,000 to touch new high

Bitcoin traded above $35,000 for the first time in Asia on Wednesday, rising to a high of $35,879 and extending a rally that has seen the digital currency rise more…

Read More Here

Bitcoin slumps 14% after weekend surge

Bitcoin fell sharply on Monday, losing ground from a record high of $34,800 touched a day earlier, with traders citing volatility in highly leveraged futures markets. Bitcoin fell over 14%…

Read More Here

Bitcoin trades near Sunday record of $34,800 following 800% surge

Bitcoin traded at $33,365 in Asia on Monday, after soaring to a record high of $34,800 on Sunday as investors continue to bet the digital currency is on its way…

Read More Here

Bitcoin off record highs, slumps 7% in volatile trade

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…

Read More Here

Bitcoin price drops more than $1,000 in Asian trade

Bitcoin hiccoughed in Asian trading on Thursday to at one point stand more than 6% down on the day after failing to make record highs. Bitcoin, the world's biggest and…

Read More Here

Bitcoin breaks $18,000 as rally powers on, all-time high in sight

Bitcoin broke through $18,000 on Wednesday to hit its highest since December 2017 extending its blistering 2020 rally driven by demand for its perceived quality as an inflation hedge and…

Read More Here

UK watchdog bans Bitcoin-based products for retail investors

Britain's financial watchdog said on Tuesday it would ban the sale to retail investors of products tracking the price of cryptoassets like Bitcoin, arguing that most people lost money on…

Read More Here

Bitcoin drops more than 10% as scrutiny of cryptocurrencies grows

Bitcoin slumped more than 10% over the weekend to a two-week low as fears of a crackdown of cryptocurrencies grew on mounting scrutiny of Facebook’s planned Libra digital coin. Bitcoin…

Read More Here

Midday Dispatch – Corporate and Financial News

Good afternoon Our daily round up of financial and corporate news. The seasonally adjusted unemployment rate for May 2019 was 3.5 per cent, unchanged from the previous month and down…

Read More Here

France considering budget amendment to lower bitcoin related capital gains tax

French lawmakers have adopted an amendment to the 2019 budget bill that will cut capital gains tax on bitcoin sales to 30 percent from 36.2 percent. This will bring cryptocurrency…

Read More Here