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Bitcoin bounces back as crypto market rallies The digital currency has surged nearly 21% in value in Thursday's session, with other high-profile cryptos such as Ethereum and Dogecoin following suit Bitcoin has staged a strong rebound on Thursday as the crypto market seemed to recover swiftly from yesterday’s bloodbath. In late afternoon trading in London, Bitcoin was up 20.8% over the last 24 hours at US$42,101, giving it a market cap of just under US$788bn. Meanwhile, Ethereum, the market's second-largest crypto has bounced 21.4% higher to US$2,939, while meme-inspired crypto Dogecoin was...

Bitcoin plunges below US$40,000 as Chinese crackdown triggers fresh selloff The digital currency took another hit to its value early on Wednesday after the People's Bank of China said financial institutions and payment providers should not accept crypto or provide services related to digital currencies Bitcoin’s value fell below US$40,000 for the first time since early February as a selloff in cryptocurrency markets showed signs of accelerating. In early trading in London on Wednesday, Bitcoin was down 12.4% over the last 24 hours at US$39,477, giving it a market cap of just under US$739bn....

Crypto carnage as quarter of market value wiped out: Bitcoin, Ethereum slump The market has lost around half a trillion dollars in the last 24 hours as panic selling saw sharp declines for major digital currencies including Bitcoin and Ethereum The crypto market is finding itself engulfed in a bloodbath on Wednesday as a sharp selloff saw around a quarter of its entire value wiped out over the last 24 hours. According to TradingView data, the crypto market’s total value stood at around US$1.57 trillion in late afternoon trading in London on Wednesday, a decline of around 23% since the sam...

Coinbase results eyed amid crypto crash The crypto trading platform is due to report its first quarter numbers after the closing bell on Thursday in the wake of a sudden plunge in the prices of Bitcoin, Ethereum, Dogecoin and several other digital currencies A crash in the price of several cryptocurrencies earlier today is an unfortunate turn of events for digital currency exchange Coinbase Global Inc (NASDAQ:COIN) as it prepares to reports its first-quarter results after the closing bell, the first set of numbers since the firm entered the market through a direct listing in April. While inte...

The two data centres have a combined power capacity of 20 megawatts and currently house a significant proportion of the company's cryptocurrency mining...