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Dollar steady as Fed meeting looms; bitcoin pops above $40,000
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Bitcoin versus old-school dollar
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L euro se replie un peu face au dollar après des données positives
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Bitcoin rebound fizzles out
It has been a turbulent week for Bitcoin â and it s only Tuesday.
After the cryptocurrency suffered a flash crash on Saturday â plummeting some 14 per cent â it attempted to bounce back Monday.
But the rebound fizzled out quickly.
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After Bitcoin suffered a flash crash on Saturday â plummeting some 14 per cent â it attempted to bounce back Monday.(AFP via Getty Images)
Bitcoin fell 0.7 per cent against the US dollar around the time of the stock market close Monday, trading around US$56,000 ($72,188) per coin.
The weekend plunge was a rather dramatic end to a months-long rally that was topped off by Coinbase s enormous IPO last week, which valued the crypto exchange at nearly US$100 billion (approx. $128.9 billion).
Bitcoin tries to rebound after dramatic weekend selloff
It has been a turbulent week for Bitcoin and it’s only Monday. After the cryptocurrency suffered a flash crash on Saturday plummeting some 14% it is trying to regain
some of the lost ground.
Bitcoin rose a modest 0.1% against the US dollar early Monday, to more than $56,421 per coin.
The weekend plunge was a rather dramatic end to a months-long rally that was topped off by Coinbase’s enormous IPO last week, which valued the cyrpto exchange at nearly $100 billion. Coinbase shares fell 3.7% in the first minutes of Monday trading.
Bitcoin had tumbled because of “some countries like Turkey making noise about banning Bitcoin as a payment methodology and also talk of further scrutiny by the US Treasury,” said Brad Bechtel, global head of FX at Jefferies.