Showing news for Market Update
Crypto Gifts Surge 1,082% at Fidelity’s Philanthropic Powerhouse
3 years ago
As cryptocurrencies boomed last year, boosting the wealth of investors in the asset class, so did the amount of philanthropic gifts made with digital tokens.
Bitcoin Climbs Back Above $44,000 as Appetite for Risk Returns
3 years ago
Bitcoin rose to more than $44,000 for the first time since the end of last week as optimism over an easing of tensions around Ukraine renewed investors’ appetite for riskier assets.
Tech Stock Turmoil Outstrips Bitcoin Volatility in Rare Reversal
3 years ago
The world’s largest cryptocurrency has been a relative snoozer six weeks into 2022.
Bitcoin Stages Stealth Rally With Third-Straight Weekly Gain
3 years ago
While Bitcoin’s price has meandered the last few days, the largest cryptocurrency by market value has staged a modest under-the-radar recovery from its wintertime swoon.
Singapore Crypto Investment Jumped to a Record in 2021, KPMG Says
3 years ago
Investment in the cryptocurrency and blockchain sector in Singapore jumped more than 10 times last year to a record, according to a report, cementing the city-state’s status as a crypto hub even as it remains wary of speculative digital assets.
Bitcoin Notches Longest Rally Since September; Shiba Inu Jumps
3 years ago
Bitcoin rose for a fifth consecutive day, the longest winning streak since September, as investors begin to re-embrace risk assets across global markets.
Bitcoin Tops 50-Day Average for First Time Since November
3 years ago
Bitcoin rose above its 50-day moving average on Monday for the first time in more than two months.
Bitcoin Climbs Back Above $40,000 as Risk Appetite Returns
3 years ago
Bitcoin gained the most in more than three months as investors show signs of renewed risk appetite following a volatile week across financial markets.
Bitcoin, Ether Advance as Amazon Share Surge Buoys Tech Stocks
3 years ago
The top cryptocurrencies gained on Friday as strong earnings from Amazon.com Inc. bolstered confidence in technology stocks, which digital tokens have largely tracked over the past months.
Bitcoin’s Trendline From Peak Keeps Pressure on Token
3 years ago
Bitcoin continues to trade below a valid line of resistance drawn from the token’s record peak of $69,000 in November. The small recovery in January saw a so-called “shooting star” candlestick occur right at the trendline barrier, which pushed prices down by 24% to as low as $32,970 last week. The rebound since has swung Bitcoin back to this trendline, and a break above it will bring into focus the next cluster of Fibonacci resistance -- which is near $40,000.
Bitcoin’s Record Casts Long Shadow Over Its Recovery Odds
3 years ago
Bitcoin’s recovery from a January low of $32,970 is butting up against a trendline that has been hard to break. The trendline stems from the record high of almost $69,000 in November and now also coincides with the 20-day moving average. The world’s largest cryptocurrency will likely keep on consolidating around present levels, though “a lot of money on the sideline is ready to pounce” if risk appetite stabilizes, Edward Moya, senior market analyst at Oanda, wrote in a note.
Crypto Exchange Bakkt Has Tumbled 90% Since October Debut
3 years ago
Shares of digital-asset marketplace Bakkt Holdings Inc. have dropped to all-time lows, wiping out about $10 billion in market value since reaching a record high following the firm’s much-touted public market debut in October.
Bitcoin’s Price Tumble Tests Resilience of Crypto Miners
3 years ago
Bitcoin miners are facing a crucial test in the wake of the token’s 50% plunge from an all-time high.
Bitcoin’s New Floor Is $30,000 as 50% Rout Destroys Old Supports
3 years ago
Bitcoin’s plummet has pushed it through just about every recent technical support level, forcing traders to now consider $30,000 as the next line in the sand.
Crypto Losses Deepen With Bitcoin Tumbling Below $34,000
3 years ago
The selloff in cryptocurrencies gained new momentum on Monday, with Bitcoin tumbling to a six-month low and other tokens seeing big losses.
Bitcoin, Ether, Memecoins Steady After Tumbling in Crypto Rout
3 years ago
The selling pressure in the global crypto market eased Monday after massive declines across digital tokens last week.
Crypto Selloff Pushes Bitcoin to a Six-Month Low of $38,000
3 years ago
Bitcoin tumbled in an extended selloff for cryptocurrencies, falling past $38,000 to its lowest level in six months.
Bitcoin Chart Hints at Possible Floor for Slide
3 years ago
Bitcoin’s weekly relative strength index -- an indicator of its momentum -- has fallen to a level that in the past accompanied floors for selloffs in the cryptocurrency. The zone in question is the 33 to 40 range, and the gauge dipped into the region Friday amid a tumble in the largest digital coin. Bitcoin is down some $30,000 from a November record of nearly $69,000 as speculators question its outlook in a world of receding Federal Reserve stimulus.
Biggest Bitcoin Fund Sinks Near 30% Discount in Crypto Rout
3 years ago
One of the biggest casualties of the cryptocurrency selloff is the Grayscale Bitcoin Trust.
Bitcoin Climbs After Inflation Jump Rekindles Hedging Debate
3 years ago
Bitcoin climbed above $44,000 for the first time in a week as the most U.S. inflation in four decades revives the debate about whether the cryptocurrency is a hedge against rising consumer prices.
Stablecoins Get Their Moment as Crypto Selloff Drives Yield Hunt
3 years ago
The sharp selloff in crypto tokens since late November has done little to dent appetite for stablecoins, their less exciting cousins.
Bitcoin Is Off to Its Worst Annual Start Since the Dawn of Crypto
3 years ago
Bitcoin dipped below $40,000 for the first time since September, putting it on pace for its worst start to a year since the earliest days of the digital alternative to money.
Bitcoin Lingers Near September Lows Amid Drop of 40% From Record
3 years ago
Bitcoin traded near the lowest levels since September after an earlier swoon extended its weeks-long decline from an all-time high to about 40%.
Meme Stocks Bounce With Retail Investors Dipping Back In After Slump
3 years ago
(Bloomberg) -- Renewed retail investor demand and quarterly results from Bed Bath & Beyond Inc. weren’t enough to lift beaten down meme stocks as the group resumed declines after a volatile session.
Meme Coins Return to Earth as Gloom Overtakes Crypto Fanatics
3 years ago
Cryptocurrency enthusiasts who piled into meme coins such as Dogecoin and Shiba Inu amid the long-time industry rallying call of “to the moon” are finding this year’s journey back to earth pretty painful.
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