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Cryptocurrencies

“Bitcoin rally falters just short of $50,000 as investors take profit”

“Bitcoin stalled just short of the $50,000 mark on Monday and other cryptocurrencies slipped, as investors took profit from a record-breaking rally that is being driven by a worldwide shift in investor and public attitudes towards digital assets. Bitcoin fell… Continue Reading…

Stocks

“Stock market news… Stocks rise to reach record highs; Bitcoin prices spike”

“The Dow added more than 100 points, or 0.4%, to a fresh record high, and both the S&P 500 and Nasdaq also reached record intraday levels… Investor optimism over another round of fiscal stimulus out of Washington helped boost U.S.… Continue Reading…

Cryptocurrencies

“Bitcoin price rises as second-biggest cryptocurrency ether hits all-time high”

“Bitcoin’s price rose on Monday after a brutal sell-off that saw the virtual currency briefly dip below $30,000. Meanwhile, ether — the world’s second-biggest cryptocurrency — hit a fresh record high. Bitcoin rose more than 7.4% in the last 24 hours to trade… Continue Reading…

Cryptocurrencies

“Bitcoin Plummets as Miners Sell Inventory, Spot Markets Panic”

“Over the last 24 hours, the cryptocurrency declined by more than $8,000 to $32,400, an over-20% fall from levels over $40,800 late on Sunday (UTC). The cryptocurrency was last seen changing hands up slightly near $35,380 – still down 13.6%… Continue Reading…

Cryptocurrencies

“…regulator’s blunt warning on bitcoin and other cryptocurrencies”

“The warning was prompted by firms “offering investments in cryptoassets, or lending or investments linked to cryptoassets, that promise high returns,” the Financial Conduct Authority said. The regulator said it had five concerns: Consumer protection, price volatility, product complexity, charges and… Continue Reading…

Cryptocurrencies

“JPMorgan says bitcoin could rise to $146,000 long-term as it competes with gold”

“In a note published Monday, JPMorgan made a bold long-term price target for bitcoin, claiming the red-hot cryptocurrency could rally as high as $146,000 as it competes with gold as an “alternative” currency. But, there’s a catch…” https://www.cnbc.com/2021/01/05/jpmorgan-bitcoin-price-could-rise-to-146k-as-it-competes-with-gold.html Just remember that in reality… Continue Reading…

Business, Cryptocurrencies

“Square’s Bitcoin Revenue Rises 1100%…”

“Square Inc (NYSE: SQ) on Thursday said the Bitcoin revenue for its Cash App rose 1100% in the third quarter, compared to the same period a year earlier. What Happened: The company’s Cash App Bitcoin revenue touched $1.63 billion. The revenue from the… Continue Reading…

Cryptocurrencies, Investing

“Bitcoin prices surge to highest since 2018 — here’s why”

“PayPal said that users on its platform will be able to purchase bitcoin  BTCUSD, 0.73%, as well as other sister cryptos like ethereum ETHUSD, 4.79%,  bitcoin Cash BCHUSD, 5.59%  and Litecoin LTCUSD, 4.24%.   That news has helped to drive the value of bitcoin to just under $13,000, marking its highest level since around January… Continue Reading…

Business, Cryptocurrencies

“Square buys $50 million in bitcoin, says cryptocurrency ‘aligns with company’s purpose’”

“Square said Thursday it bought 4,709 bitcoins, worth approximately $50 million. This represents about 1% of Square’s total assets as of the end of the second quarter of 2020… The price of the digital currency has risen to around $10,724 from $7,100… Continue Reading…

Banking, Cryptocurrencies, Investing

“Bitcoiners Go Wild After Goldman Revives Tulip Mania Comparison”

“Buzz that Goldman would release a report discussing the state of the economy as well as gold and cryptocurrencies set enthusiasts ablaze, with many hoping the bank would finally put its weight behind digital tokens. But Goldman disappointed and upset… Continue Reading…