Bitcoin volatility is back to levels not seen since early November, with the bulls and bears sparring at the $10 000 price level.
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US treasury secretary Steven Mnuchin said on Wednesday that the US soon will announce new regulations related to crytocurrency and digital payment systems.
The largest cryptocurrency’s recent upward momentum carried it past that psychologically significant level on Sunday for the first time since October.
Every generation or so, money goes through an evolutionary shift, and 10 years from now the fiat currencies currently in use will be regarded as relics of a bygone age, much like the fax machine.
Cryptocurrencies briefly jumped amid chaotic trading in Asia after China’s stock markets reopened to steep losses following an extended holiday shutdown.
Bitcoin’s infrastructure is more centralised than ever before, raising alarms about the security and viability of what is championed as a decentralised network.
Bitcoin’s claim for being digital gold appears to have another piece of evidence in its corner. In a day where global stocks plunged on concerns over the deadly coronavirus, the cryptocurrency gained as much as 5.8%.
Facebook’s libra cryptocurrency starts 2020 looking no closer to release, with authorities in its base in Switzerland raising fresh questions about its suitability as a global currency.
Bitcoin climbed to its highest since November as the debut trade of options linked to the digital currency boosted sentiment.
Whether a planned reduction in rewards for mining bitcoin will boost prices or it’s already factored in is dominating discussions across mediums from Twitter to analyst reports.