Bitcoin advanced for a fourth day, exceeding $7 000 in its longest winning streak in more than a month, and with momentum indicators suggesting the rally has further to run.
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Bitcoin jumped more than 5% in the span of a few minutes on Wednesday, pacing a rally in cryptocurrencies as market watchers cited potential short covering for the move.
Bitcoin recovered from the lowest level since June and scores of smaller digital tokens rallied as concern eased that investors are giving up on the virtual alternatives to cash after this year’s collapse in prices.
View the latest contribution from TechCentral cartoonist Jerm.
The Chinese company that makes most of the world’s bitcoin mining rigs – as well as a big pile of mining and crypto-trading profit – is thinking about a stock market listing
Bitcoin dropped below $6 000 and dozens of smaller digital tokens tumbled as this month’s selloff in cryptocurrencies showed few signs of letting up.
In this episode of the podcast, Duncan McLeod interviews Stephen Young, chief product officer at a new, Cape Town-based cryptocurrency exchange called Coindirect, which is focused on facilitating crypto trading in emerging markets, especially in Africa.
Cryptocurrencies slumped on Wednesday, with bitcoin tumbling below $6 500 for the first time since July.
The ratio of legal to illegal activity in bitcoin has flipped, according to Lilita Infante at the US Drug Enforcement Administration.
Bitcoin slipped below $7 000 to its lowest level in three weeks, as seemingly positive sentiment surrounding the largest virtual currency soured over the weekend.