Bitcoin Valuation News Today

There are changes in the digital coin industry, something that takes a turn for the better for the crypto.

On Tuesday, Bitcoin rose as much as 2.35% to hit $50,398.10.

SINGAPORE (Reuters) - Cryptocurrencies fought to find a footing on Monday after even weekend cheerleading from Tesla boss Elon Musk seemed unable offset selling pressure from spooked investors or nerves stemming from a gathering crackdown on the asset class in China. Musk had lent a bid on Saturday by tweeting support for crypto in "the true battle" with fiat currencies. But on Sunday prices slumped as "miners," who mint crypto by verifying transactions, halted Chinese operations in the face...

By Tommy Wilkes, Sujata Rao and Gertrude Chavez-Dreyfuss NEW YORK/LONDON (Reuters) -Cryptocurrencies that seemed to be defying gravity just weeks ago came back down to earth with a bump on Wednesday after a roller-coaster ride which could undermine their potential as mainstream investments. The two main digital currencies, bitcoin and ether, fell as much as 30% and 45% respectively, but significantly pared losses after two of their biggest backers - Tesla Inc chief Elon Musk and Ark Invests ...

By Kevin Buckland and Alun John TOKYO/HONG KONG (Reuters) - Bitcoin rebounded to about $50,000 in Asian trading on Thursday after plunging as much as 17% after Elon Musk tweeted Tesla Inc had stopped accepting bitcoin to purchase its vehicles due to climate concerns. The price of the worlds largest cryptocurrency dropped from around $54,819 to $45,700, its lowest since March 1, in just under two hours following the tweet shortly after 2200 GMT. It recovered about half of that drop early in t...