Tag: $Bitcoin

Cryptocurrencies on Tuesday recovered some of the previous day’s losses after bitcoin briefly fell under $50,000 for the first time in six months.

The price of bitcoin sank more than 13% on Monday to $50,963.57, according to Coin Metrics. At one point, it fell to $49,111.10 — its lowest level and first time under $50,000 since February.

Former President Donald Trump stopped short of promising to establish an official U.S. bitcoin strategic reserve currency during his Saturday keynote speech at the biggest bitcoin conference of the year.

Bitcoin’s price fell on Friday as news of cooling inflation inspired investors to dump their cryptocurrencies and rotate into other assets.

Bitcoin and other cryptocurrencies rose Monday, with cryptos climbing after Bitcoin completed its much-anticipated “halving.” While the halving represents a catalyst that could push prices higher, some analysts see digital assets as vulnerable to declines.

Japan’s government pension fund on Tuesday said it is requesting information on “illiquidity assets” such as bitcoin as part of research into potential new investments.

Bitcoin and other cryptocurrencies fell on Friday in what looked like a short-term correction after a red-hot rally in digital assets. Prices could fall further even as traders continue to be bullish on the outlook for cryptos in the months ahead.

The Financial Conduct Authority said Monday that it wouldn’t object to requests from recognized investment exchanges to create crypto-backed exchange-traded notes, or ETNs.

Bitcoin’s price grew over 10% over two days and on Monday, surpassed a $57,000 benchmark for the first time since December 2021.

The value of all the bitcoin in circulation, or market capitalization, on Wednesday rose above $1 trillion for the first time since late 2021, according to CoinMarketCap data.

Bitcoin and other cryptocurrencies were falling on Monday. The initial wave of buying after the approval of exchange-traded funds tied to spot trading of Bitcoin looks to have been exhausted.

The U.S. securities regulator on Wednesday approved the first U.S.-listed exchange traded funds (ETFs) to track bitcoin, in a watershed for the world’s largest cryptocurrency and the broader crypto industry.

Bitcoin was rising as the crypto sector remains on tenterhooks over the potential approval of exchange-traded funds tied to spot trading of Bitcoin, with a regulatory deadline looming Wednesday.

A slump in Bitcoin on Wednesday saw the cryptocurrency erase almost all gains it had made so far this year, bucking a long-running upswing that outperformed a global malaise in traditional assets.

Bitcoin and other cryptocurrencies gained on Thursday—despite an absence of major crypto catalysts—as traders remained bullish on the momentum behind digital asset prices into the end of the year.