Cryptocurrencies: Bitcoin soars 4%, Ethereum jumps 8%
Bitcoin has been less volatile in recent days but is down by more than 35 per cent this month, weighed by growing regulatory pressures on the sector
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Bitcoin has been less volatile in recent days but is down by more than 35 per cent this month, weighed by growing regulatory pressures on the sector
Bitcoin, the world's biggest and best-known cryptocurrency, is down 47.8% from the year's high of $64,895.22 on April 14
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Highlights Bitcoin is a digital currency that is not tied to a bank or government and allows users to spend money anonymously. Bitcoin was launched in 2009 by a person or group of people operating under the name Satoshi Nakamoto. Elon Musk owned Tesla had invested $1.5 billion in Bitcoin and it started taking Bitcoin as payment Bitcoin witnessed a massive fall of nearly 30% after the China Banking Association issued a warning to the member banks regarding the risks associated with the digital currency. In a matter of just 24 hours, Bitcoin lost about $70 billion in the market and it has lost...
Bitcoin loses ground on concerns over regulations in China Bitcoin, the biggest and most popular cryptocurrency, rose 8.75 per cent to touch $40,000, after plunging 14 per cent on Wednesday to its lowest since late January Reuters | May 20, 2021 | Updated 14:24 IST Bitcoin regained some ground on Thursday from the previous session's brutal slide to four-month lows but was weighed down by concerns over tighter regulation in China and unease over the extent of leveraged positions in the cryptocurrency world. Bitcoin, the biggest and most popular cryptocurrency, rose 8.75 per cent to touch $40,...