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.
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Bitcoin’s push back below $9 000 has a key technical indicator suggesting the cryptocurrency risks entering a selling trend.
Bitcoin may be a distant alternative to safe havens, but CoinShares Group is betting that trading a digital gold asset linked to the token may provide investors with a sense of security.
States dabbling in blockchain technology, or planning to issue their own digital currencies, isn’t flattery – it’s competition.
A Texas academic created a stir last year by alleging that bitcoin’s astronomical surge in 2017 was probably triggered by manipulation. He’s now doubling down with a striking new claim.
Bitcoin jumped on Monday, bringing its rally since Thursday to 26%, after China’s government threw its backing behind the digital coin’s underlying ledger technology.
The hostility toward Facebook’s libra cryptocurrency appears to be weighing on the sentiment for bitcoin.
Facebook has a warning for those in Washington determined to derail the company’s plans for creating a cryptocurrency: doing so would be a huge win for China.
A class-action complaint accuses the companies behind the stablecoin tether of “propping and popping the largest bubble in history”, leading to disappearance of $265-billion in cryptocurrency wealth.
There will be another bull market, much larger than the first one, where the potential is finally realised. And we won’t have to wait 20 years for the second act.