The cryptocurrency market on Friday was broadly trading in the red, reeling from the Federal Reserve’s hawkish surprise to the investors. On Wednesday, Fed said it could raise interest rates by late 2023, earlier than what everyone expected. However, some remain optimist that Bitcoin may remain resilient, even as its…
The World Bank said on Wednesday it could not assist El Salvador’s bitcoin implementation given environmental and transparency drawbacks. ”We are committed to helping El Salvador in numerous ways including for currency transparency and regulatory processes,” said a World Bank spokesperson via email. ”While…
The cryptocurrency market was trading in red on Thursday after US Federal Reserve officials maintained accommodative monetary policy on Wednesday. Bitcoin, the largest cryptocurrency, lost nearly 4 percent after the announcement, despite trading 3 percent higher earlier on Wednesday. The markets also continued to face…
The cryptocurrency market is trading in red on Wednesday, with the market down by over 1 percent. This comes as the market saw a second consecutive week of outflows, adding up to $267 million, representing nearly 0.6 percent of the total asset under management. Ethereum witnessed the largest outflows, while outflows in…
Ahead of Federal Reserve’s Open Markets Committee (FOMC) meet outcome, billionaire hedge fund manager Paul Tudor Jones said investors should double down on defensive investments like cash, commodities, bitcoin. The billionaire who has invested two percent of his portfolio in Bitcoin touted the reliability of the…
Cryptocurrencies have been around for roughly a little over a decade but never have they captured the public’s popular imagination as they have in 2021, thanks to the spectacular rise in their prices led by Bitcoin, which at some point recently had risen more than 500 percent in five months. The wider public interest…
The COVID-19 pandemic and resulting lockdowns have changed the way the world works in many ways, including accelerating a digital revolution that has, among other things, shone the light on cryptocurrencies, such as Bitcoin and Ethereum. A parabolic increase in the price of Bitcoin over the past year has also…
Cryptocurrency investment products and funds saw outflows for a second straight week, with ether posting record outflows as institutional investors took a step back, data from digital asset manager CoinShares showed on Monday. Total crypto ouflows hit USD 21 million for the week ending June 11. Since mid-May, total…
Cryptocurrency market was trading in green on Tuesday after a string of good news helped Bitcoin test $40k. The world’s largest cryptocurrency surged over 25 percent in the last seven days, and touched the $40k level twice during this period. The latest surge came after Elon Musk said Tesla would allow bitcoin…
Bitcoin surged 9.8 percent to USD 39,035.47 on Sunday, adding USD 3,492.71 to its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is up 40.7 percent from the year’s low of USD 27,734 on Jan. 4. Ether, the coin linked to the ethereum blockchain network, surged 7 percent to USD 2,532.77 on…