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Cryptocurrencies slid during Asian trading hours on Monday, with bitcoin dropping more than 5%, as investors took profits from a record-breaking rally. Cryptocurrencies slid during Asian trading hours on Monday, with bitcoin dropping more than 5%, as investors took profits from a record-breaking rally. Bitcoin fell as much as 5.6% to $45,914 and rival cryptocurrency ethereum dropped more than 8% to...
Bitcoin rose above $50,000 on Tuesday to a new record high, building on rally fuelled by signs that the world`s biggest cryptocurrency is gaining acceptance amongst mainstream investors. Bitcoin rose above $50,000 on Tuesday to a new record high, building on rally fuelled by signs that the world`s biggest cryptocurrency is gaining acceptance amongst mainstream investors. Bitcoin hit a new high...
Bitcoin rose above $50,000 on Tuesday for the first time, adding steam to a rally fuelled by signs that the world`s biggest cryptocurrency is gaining acceptance among mainstream investors and companies. Bitcoin rose above $50,000 on Tuesday for the first time, adding steam to a rally fuelled by signs that the world`s biggest cryptocurrency is gaining acceptance among mainstream investors...
The Managing Editor’s advice to all the investors in Bitcoin is that, a one-sided buying or selling in any asset class is not the correct investment strategy. He also cited example of GameStop shares which fell after rising significantly Bitcoin price has crossed the $50,000 mark. Reacting to this development, Zee Business Managing Editor Anil Singhvi said that Bitcoin is...
The market was plunged into crisis last month when Reddit users trading on low-cost retail platforms banded together to drive up the prices of GameStop and other stocks, squeezing hedge funds that had bet against those shares. A clear cryptocurrency regulatory regime is urgently needed as major companies like Tesla Inc, BNY Mellon Corp and Mastercard Inc embrace the alternative asset class,...
Record high signals acceptance among mainstream investors Bitcoin rose above $50,000 on Tuesday to a new record high, building on a rally fuelled by signs that the world's biggest cryptocurrency is gaining acceptance amongst mainstream investors. Bitcoin hit a new high of $50,602, and was last up 5% at $50,300. It has risen around 72% so far this year, with most...
The recent trigger being Tesla, Inc.'s announcement of having bought $1.5 billion in bitcoin. Ahead of the cryptocurrency Bill, the government is likely to levy both income-tax (I-T) and goods and services tax (GST) on gains and trading of bitcoins or cryptocurrencies, said a senior finance ministry official privy to the development. A circular will be released soon, he added....
Bitcoin’s recent tumble cleared some speculative “froth” but further declines remain possible, according to JPMorgan Chase & Co. Momentum traders such as commodity trading advisors and other quantitative funds likely played a big role in the slide by unwinding long Bitcoin futures positions, strategists led by Nikolaos Panigirtzoglou wrote in a Nov. 27 note. ““The previous froth in momentum traders’ positioning...
The number of Bitcoin users continues to grow, giving it an advantage that’s hard for rivals to surpass. There are now more than 30 million wallet addresses with active balances, according to data from ByteTree.com and Glassnode. Even with a big selloff Thursday, Bitcoin’s rebound toward all-time highs this week is no sign of a speculative bubble but the growth...
With the speed cryptocurrency is emerging as the Millennial generation’s alternative asset of choice in India, it’s hard to imagine that just two years ago a couple of blockchain pioneers were briefly in police custody. Sathvik Vishwanath and Harish BV, cofounders of a then five-year-old startup, were arrested in late 2018. No, they hadn’t pulled off a shady initial coin offering. Their...
The virtual currency is scarce, sovereign and a great place for the mega-rich to store their wealth. In “Shuggie Bain," Douglas Stuart’s award-winning and harrowing depiction of alcoholism, sectarianism and deprivation in post-industrial Scotland, money is always scarce and often dirty. Deserted by her second husband and unable to hold down a job, Shuggie’s mother, Agnes, relies on her twice-a-week...
Bitcoin can pass its $20,000 all-time highs within weeks, says Alex Saunders, while Ether only needs a year to beat its own record. Bitcoin (BTC) can hit $100,000 in five years and $1 million by 2035, Nugget’s News CEO Alex Saunders has told Cointelegraph. Speaking in an interview with Cointelegraph Markets analyst Michaël van de Poppe on Nov. 18, Saunders described current conditions as a...

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Bitcoin tops $50,000 as it wins more mainstream acceptance

Bitcoin rose above $50,000 on Tuesday for the first time, adding steam to a rally fuelled by signs that the world`s biggest cryptocurrency is...

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