BITCOIN VS DOLLAR
Gold prices near Rs 1.5 lakh/10 grams; silver rises as dollar eases from multi-month high. What lies ahead?
Gold and silver prices gained on MCX on Thursday, supported by a weaker dollar and expectations of another US Fed rate hike. MCX December gold rose Rs 557 to Rs 1,49,660 per 10 grams, while December silver gained Rs 327 to Rs 2,23,888 per kg.
Wharton professor sounds alarm: Bitcoin could destroy the Dollar’s global power, cites these reasons
A Wharton professor has warned that Bitcoin could be a big threat to the U.S. dollar. He said Bitcoin is becoming popular as “digital gold” and more people trust it during inflation. With new crypto rules and global changes, experts believe Bitcoin’s role in money and finance is growing fast around the world.
Roaring crypto cacophony drowns out rest of Wall Street
Even for a market that’s famous for its wild volatility and gimmicks, the past week’s cryptocurrency news set new records for jaw-droppers.
Ether’s 1,500% jump is just the start for the crypto faithful
Crypto proponents argue investors are now looking beyond Bitcoin to Ether and other tokens despite warnings of a stimulus-fueled mania in the sector.
Ethereum extends gains to fresh record above $3,400
The ether/bitcoin cross rate stood at its highest in more than two-and-a-half years on Tuesday while bitcoin was steady at $57,295.
Ethereum breaks past $3,000 to quadruple in value in 2021
The launch of ether exchange-traded funds in Canada and surging demand for ether wallets to transact non-fungible tokens such as digital art have also pushed up the price.
Bitcoin is facing a make-or-break moment, technicals show
Though the cryptocurrency has rebounded above its average price over the past 100 days, it’s still trading below its 50-day moving average.
India’s oldest crypto exchange seeks to double volume to $2 billion a month
ZebPay, a platform with about 4 million customers, expects to churn $2 billion worth of trades per month, said chief executive officer, Rahul Pagidipati.
Bitcoin gains over 4% to $50,948
The currency's peak this year was $58,354.14 on February 21.
Bitcoin gains 5% to $50,943
Bitcoin's price soared this year as major firms, such as BNY Mellon, asset manager BlackRock Inc, credit card giant Mastercard Inc, backed cryptocurrencies, while those such as Tesla Inc Square Inc and MicroStrategy Inc invested in bitcoin.
Bitcoin falls over 6% to lowest in two weeks
The world's biggest cryptocurrency slumped as low as $44,451 before recovering some of its losses. It was last trading down 1.3 per cent at $46,588.
Bitcoin tumbles below $49,000 as fear sweeps through crypto
While the selloff only puts Bitcoin prices at the lowest in about two weeks, investors are starting to wonder whether it marks the start of a bigger retreat from crypto or simply represents volatility in an unpredictable market.
Operator of world’s largest Bitcoin mine said to eye $500 million US IPO
Bitcoin hit a market value of $1 trillion late last week, a surge that’s helping cryptocurrency returns far outstrip the performance of more traditional assets like stocks and gold.
Bitcoin ETF roars in debut with $165 million of trading volume
After a relentless surge in the world’s largest digital currency, the first Bitcoin product that’s officially labeled an exchange-traded fund debuted Thursday in Toronto.
Bitcoin tops $50,000 as it wins more mainstream acceptance
Bitcoin has risen around 67% so far this year, with most of the gains coming after electric carmaker Tesla said it had bought $1.5 billion in bitcoin.
Bitcoin pulls back from brink of $50,000
Bitcoin fell as much as 5.6% to $45,914 in Asian trading hours after having posting a record peak of $49,714.66 on Sunday.
Bitcoin retreats after weekend rally to record of nearly $50,000
The digital token dropped as much as 6.1% to $45,893, paring its advance so far this year to about 60%.
Bitcoin seen topping $50,000 as it vies with gold
Bitcoin quadrupled last year, eventually reaching an all-time high of almost $42,000 in early January before sliding back by about $10,000.
Bitcoin, crypto inflows hit record last week: CoinShares
Total assets under management (AUM) in the industry slipped to $29.7 billion as of Jan. 22, from an all-time peak of $34.4 billion on Jan. 8. At the end of 2019, the total AUM was just $2 billion.
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