Bitcoin climbed to the highest since November after breaching the $8 000 price level. Concerns about an escalation in the conflict between the US and Iran are seen as contributing to the rally.
Emerging out of the ashes of the financial crisis, bitcoin was created as a bypass to the banks and government agencies mired in Wall Street’s greatest calamity in decades. It proved to be the decade’s best-performing asset.
Bitcoin dropped below $7 000 for the first time since November, with the sell-off pushing the cryptocurrency to its lowest level since May.
Three men have been charged by US prosecutors with helping run a $722-million cryptocurrency fraud that amounted to a “high-tech Ponzi scheme”.
Blockchains. They’re all the rage. The fervour of blockchain believers has been matched only by the furious scepticism and dismissal of its naysayers. Can we just stop? Please! By Cayle Sharrock.
Bitcoin sank nearly 10% to the lowest level in six months, extending last week’s slide past the weekend on concerns about a crackdown on cryptocurrency operations by China.
Bitcoin’s sell-off deepened on Friday, putting the digital token at the lowest level since May, after it dropped below yet another key support level.
The largest cryptocurrency’s slide snowballed on Monday, with the price dropping as much as 5% to test the key $8 000 level, which it hasn’t breached since the end of October.