Page 6 - Bitcoin Falls News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The sharp declines came after China banned financial and payment institutions from providing cryptocurrency services. Bitcoin dropped to $30,066, the lowest since late January. It was last down 22% at $33,502. The most popular cryptocurrency posted its largest one-day loss since March 2020. Ethereum fell to as low as $1,850, its weakest level since late January as well. It was last down 28% at $2,439. Ethereum's one-day losses were the biggest since March last year. Bitcoin, the biggest and best-known cryptocurrency, had already been under pressure from a series of tweets from Tesla bo...

At one point of time, not so long ago, Bitcoin was trading at an all-time high of $65,000, after Tesla embraced the cryptocurrency in February. Months down the line, the company reversed its position on accepting payments in the cryptocurrency. Promoted On Sunday, a Twitter user suggested that those who've invested in Bitcoins would be very disappointed next quarter after finding out that Tesla had already dumped the rest of its Bitcoin holdings. To this tweet, Elon Musk replied, “Indeed”. This created widespread confusion that the billionaire tycoon was implying that Tesla has sold or ma...

Inflation is coming. Or wait, it’s already here. Bond investors are looking at the 4.2% annual rate that U.S. consumer prices jumped to in April and wondering if it’s all because of depressed levels from last year. Could it be that the Federal Reserve is wrong about higher prices being transitory? In that case, the Fed and other central banks may have to rethink, among other things, their space-race-type competition to offer digital cash. It’s a project best undertaken after price pressures have eased, and the vast pools of excess liquidity to fill the gaping economic hole left by the...

The S&P Dow Jones Indices launched new cryptocurrency indexes, it said on Tuesday, further mainstreaming digital currencies including bitcoin and ethereum by bringing them to the trading floors of Wall Street. The new indexes, S&P Bitcoin Index, S&P Ethereum Index and S&P Crypto Mega Cap Index, will measure the performance of digital assets tied to them. The list will expand to include additional coins later this year, the division of financial data provider S&P Global said. The company first announced the plan in December when it said it would cover more than 550 of top-traded coins and ...

Bitcoin and other cryptocurrencies suffered hefty losses on Friday on concern that U.S. President Joe Biden's plan to raise capital gains taxes will curb investment in digital assets. The selloff came after reports that the Biden administration is planning a raft of proposed changes to the U.S. tax code, including a plan to nearly double taxes on capital gains to 39.6% for people earning more than $1 million. Bitcoin, the biggest and most popular cryptocurrency , slumped 5% to $48,8867, falling below the $50,000 mark for the first time since early March, while smaller rivals Ether and XRP f...