Bitcoin drops 9% to below $44,000 as risky assets tumble globally, regulatory concerns intensify

The price of bitcoin dropped sharply Monday as investors began shedding risk amid an equity markets decline. While bitcoin is often called a safe haven asset, the growing reality is its price tends to go down amid broader declines in risk assets. Also much like stocks, bitcoin’s price usually experiences a September slide. Bitcoin lost… Continue reading Bitcoin drops 9% to below $44,000 as risky assets tumble globally, regulatory concerns intensify

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Ukraine is the latest country to legalize bitcoin as the cryptocurrency slowly goes global

The bill was set in motion in 2020 – and it now heads to the desk of President Volodymyr Zelensky.Until today, dealing in crypto in Ukraine has existed in a legal gray area. Ukraine is the fifth country in as many weeks to lay down some ground rules for the cryptocurrency market, a sign that… Continue reading Ukraine is the latest country to legalize bitcoin as the cryptocurrency slowly goes global

Bitcoin tumbles nearly 10% as El Salvador adopts it as legal tender

What El Salvador’s bitcoin rollout could mean for mainstream adoptionThe price of bitcoin fell Tuesday after breaking through $52,000 late Monday, reaching its highest level since May. The price action comes on the day El Salvador is set to adopt the largest cryptocurrency by market cap as legal tender, becoming the first country to do… Continue reading Bitcoin tumbles nearly 10% as El Salvador adopts it as legal tender

Bitcoin retreats from the highest level since May as El Salvador adopts it as legal tender

The price of bitcoin fell Tuesday after breaking through $52,000 late Monday, reaching its highest level since May. The price action comes on the day El Salvador is set to adopt the largest cryptocurrency by market cap as legal tender, becoming the first country to do so. Bitcoin is now down about 2.5% and last… Continue reading Bitcoin retreats from the highest level since May as El Salvador adopts it as legal tender

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El Salvador bought $21 million of bitcoin as it becomes first country to make it a legal currency

El Salvador bought roughly $20.9 million worth of bitcoin, one day before it formally adopts the world’s most popular cryptocurrency as legal tender. In a series of tweets Monday, President Nayib Bukele revealed that the country had purchased a total of 400 bitcoin, the first step in a larger push to add the digital currency… Continue reading El Salvador bought $21 million of bitcoin as it becomes first country to make it a legal currency

Bitcoin rises this week to $51,000, highest since May

The price of bitcoin climbed over $51,000 on Friday, reaching its highest level since the middle of May. Investors say bitcoin’s movement coincided with hundreds of millions of dollars in options expiries on Friday. They also pointed to Fed Chair Jerome Powell’s dovish Jackson Hole, Wyoming, speech, suggesting that bitcoin is seeing a catch-up trade… Continue reading Bitcoin rises this week to $51,000, highest since May

Bitcoin nears $50,000 after months of weakness

Bitcoin neared $50,000 as it continues to rebound after months of weakness The world’s largest digital currency by market value rose to $49,821 on Saturday afternoon in New York, according to data from Coinbase. It was trading at a price of $48,876 as of 10 a.m. ET on Sunday. The recovery comes after Bitcoin was… Continue reading Bitcoin nears $50,000 after months of weakness

Bitcoin volatility will drive investors back to gold, says mining firm chairman

Wild swings in cryptocurrencies will eventually drive bitcoin investors to return to gold, says the executive chairman of gold mining firm Evolution Mining. Jake Klein said bitcoin still has a “long way to go” before it demonstrates the kind of “longevity and security” that gold has proven to offer investors over the last 70 years.… Continue reading Bitcoin volatility will drive investors back to gold, says mining firm chairman

Mark Cuban says he doesn’t prefer dogecoin over bitcoin, but ‘to say doge doesn’t have a place is wrong

Though the meme-inspired cryptocurrency dogecoin was created as a joke and its creators never intended for it to be taken seriously, billionaire Mark Cuban sees value in it — especially after it saw a surge of interest earlier this year. “The point about doge that people miss is that doge’s imperfections and simplicity are it’s… Continue reading Mark Cuban says he doesn’t prefer dogecoin over bitcoin, but ‘to say doge doesn’t have a place is wrong

Peter Thiel-backed crypto broker Bitpanda triples valuation in five months to $4.1 billion

Bitpanda, a European cryptocurrency trading platform, has raised $263 million in a fresh round of funding valuing the company at $4.1 billion. That’s more than three times the $1.2 billion Bitpanda was worth in its last private financing round five months ago. The latest cash injection brings the company’s total raised to nearly $500 million.… Continue reading Peter Thiel-backed crypto broker Bitpanda triples valuation in five months to $4.1 billion