After outperforming most asset classes in 2024, bitcoin now finds itself under pressure amid global instability.
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European Central Bank president Christine Lagarde said it’s improbable that any EU country will choose to add bitcoin to its monetary reserves.
“Why don’t we hold strategic beef reserves, or mutton reserves, or apple reserves? Why bitcoin?” the Reserve Bank governor said.
Bitcoin topped R2-million for the first time on Monday, just 11 months after it breached the R1-million mark.
US President-elect Donald Trump is planning to release an executive order elevating crypto as a policy priority.
After 15 years of cryptocurrency boom-and-bust cycles, a carnival mood is back and hushing the naysayers.
Bitcoin has catapulted above $100 000 for the first time, a milestone hailed as a coming-of-age for cryptocurrencies.
There is growing uncertainty about whether the ethereum blockchain will continue to underpin commerce in crypto.
The shadow of the 2021 crypto bubble still hangs over much of the sector.
Bitcoin, the world’s biggest and best-known cryptocurrency, has more than doubled this year.