Bitcoin slips below $38,000 in a retreat from Monday's rally
The largest digital currency slipped 4.6% to trade at $37,250 as of 7:43 am in New York, following a 16% jump on Monday
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The largest digital currency slipped 4.6% to trade at $37,250 as of 7:43 am in New York, following a 16% jump on Monday
The second-largest cryptocurrency ether jumped more than 10% to as high as $2,321, erasing losses of 8.6% on Sunday that pushed it to near a two-month low around $1,730. The catalyst for the slump was cryptocurrency "miners", who mint cryptocurrencies by using powerful computers to solve complex maths puzzles, halting Chinese operations in the face of increasing scrutiny from authorities.
Bitcoin has plunged to less than $40,000 a token, the lowest since February.
Ethereum crosses $3,000-mark, Bitcoin hovers at $58,000 Ether rose 2% on the Bitstamp exchange to hit the milestone early in Asia trade Reuters | May 3, 2021 | Updated 08:50 IST Cryptocurrency ether hit a record high of $3,017 on Monday, extending last week's rally in the wake of a report that the European Investment Bank (EIB) could launch a digital bond sale on the ethereum blockchain network. Ether rose 2% on the Bitstamp exchange to hit the milestone early in Asia trade. It is up more than 300% for the year so far, outpacing a 95% rise in the more popular bitcoin. Ether is the digital ...
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