Bitcoin falls 15% on inflation bombshell

Crypto sinks with stocks as the Fed acknowledges inflation Bitcoin has fallen 15% over the last week as the market weighs the impact of big shifts in the crypto ecosystem and broader macro environment. On Wednesday, Fed chairman Jerome Powell acknowledged rising inflation, and responded by bringing forward the timing of the next interest rate hike toContinue reading “Bitcoin falls 15% on inflation bombshell”

Bitcoin bounces as Elon adds to El Salvador optimism

While altcoins bleed, Bitcoin moves in on $40K Bitcoin is bouncing back. The crypto king has reclaimed its throne, and is closing in on $40K as the altcoin market stagnates. El Salvador’s approval of Bitcoin as legal tender on Thursday could be credited with the turnaround, boosting market sentiment and sparking a wave of interest from politicians acrossContinue reading “Bitcoin bounces as Elon adds to El Salvador optimism”

Bitcoin falls to $35K on warning of China crackdown

Altcoins suffer double-digit losses in marketwide meltdown Anxiety has washed over the crypto market, with cascades of selling push prices down to the same levels as before Tesla announced its Bitcoin treasury allocation. Tweets from Tesla CEO Elon Musk have been widely blamed for giving the market jitters, which turned to full-blown fear as China called for a crackdown on Bitcoin mining andContinue reading “Bitcoin falls to $35K on warning of China crackdown”

Bitcoin reclaims $52K after clawing back losses

Tax fears trigger correction for crypto market The crypto rollercoaster has taken another sharp turn, with Ethereum hitting all-time highs last Thursday just before Biden’s plans to hike capital gains tax triggered a sell-off across global markets. Bitcoin plunged below $50K on the news, falling for five consecutive days before bouncing to $52K. Ethereum, on the other hand, managed toContinue reading “Bitcoin reclaims $52K after clawing back losses”

Altcoin frenzy pushes crypto market to $2 trillion

BNB rises 50% as Litecoin and Stellar make 16% gains While Bitcoin and Ethereum are resting at the key milestones of $60K and $2k respectively, smaller altcoins are darting ahead, pushing the total crypto market cap beyond $2 trillion for the first time. BNB is the biggest winner of the week with 50% gains, making the market capContinue reading “Altcoin frenzy pushes crypto market to $2 trillion”

Crypto Roundup, March 15, 2020: Bitcoin eclipses $60K on the anniversary of Black Thursday

Leading crypto celebrates more than 1400% gains year-to-date Bitcoin surged to fresh highs above $60K on Saturday, marking the one year anniversary of the Black Thursday crash with an astonishing show of strength. The buying frenzy began as another round of government checks hit American’s bank accounts. Biden’s $1.9 trillion plan was signed into law last Thursday afternoon, sparkingContinue reading “Crypto Roundup, March 15, 2020: Bitcoin eclipses $60K on the anniversary of Black Thursday”

Crypto Roundup, March 1, 2021 – Cardano bucks the trend as crypto market pulls back

Bitcoin falls alongside stocks after tagging $58K The Bitcoin rally hit a speed bump last week, pushing prices down to $43K as the stock market dropped and US Treasury Secretary Janet Yellen claimed the leading cryptoasset is “extremely inefficient for transactions.” Yet as the market moved lower, institutional investors kept buying. MicroStrategy and Square completed Bitcoin purchases of $1Continue reading “Crypto Roundup, March 1, 2021 – Cardano bucks the trend as crypto market pulls back”

Bitcoin goes for gold as market cap tops $1 trillion

Ethereum reaches $2K and Binance Coin doubles in value In yet another historic week, Bitcoin has blown past the trillion dollar market cap milestone to hit highs of $58K as institutional money pours into the market. MicroStrategy is buying an additional $1 billion worth of Bitcoin, Motley Fool has scooped up $5 million, and even the world’s largest assetContinue reading “Bitcoin goes for gold as market cap tops $1 trillion”

Tesla’s $1.5 billion Bitcoin buy could forever change corporate finance

Corporate uptake hits inflection point as Tesla’s Elon Musk buys Bitcoin In a move that has electrified the crypto market, Tesla has added $1.5 billion worth of Bitcoin to its balance sheet, and expects to accept the cryptoasset as payment in the near future. The news is not only another milestone for Bitcoin, which soared 20% onContinue reading “Tesla’s $1.5 billion Bitcoin buy could forever change corporate finance”

Crypto Roundup, February 8, 2021: Ethereum sets record price as Bitcoin closes in on all-time high

Market euphoria sends altcoins to the moon Ethereum blasted past all-time highs on Tuesday, setting the pace for a week of manic buying in the cryptocurrency market. Cardano and Binance Coin both surged to record levels as altcoins including Litecoin and Stellar flashed double-digit gains. Meanwhile, Bitcoin is back within striking distance of its own record high above $40K. The leading crypto has been boostedContinue reading “Crypto Roundup, February 8, 2021: Ethereum sets record price as Bitcoin closes in on all-time high”

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