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Cryptocurrencies slip as bounce momentum ebbs; Bitcoin slips 4% to $37,600 Bitcoin dropped 4% in Asia to about $37,600 and the next biggest crypto token, ether, was down 7.5% at $2,676 - leaving both well above deep week-ago troughs but miles shy of the record highs they scaled in April Reuters | May 27, 2021 | Updated 15:04 IST Cryptocurrencies slipped on Thursday but without falling through recent lows, as enough traders clung to hopes that the asset class can claw its way back from last week's plunge. Bitcoin dropped 4% in Asia to about $37,600 and the next biggest crypto token, ether, wa...

Cryptocurrencies struggle to find footing as miners halt operations in China The collapse leaves the world's biggest cryptocurrency back where it traded in February, before Tesla announced a $1.5 billion bitcoin purchase and made a since-reversed decision to accept it as payment for cars Reuters | May 24, 2021 | Updated 14:58 IST Cryptocurrencies fought to find a footing on Monday after even weekend cheerleading from Tesla boss Elon Musk seemed unable offset selling pressure from spooked investors or nerves stemming from a gathering crackdown on the asset class in China. Musk had lent a bid ...

Challenging times for Bitcoin, cryptocurrencies ahead as US Fed signals stricter regulations US Federal Reserve chief Jerome Powell underlined cryptocurrency risks in an unusual video message that also laid out a clearer timetable as the Fed explores the possibility of adopting a digital currency of its own Reuters | May 21, 2021 | Updated 09:26 IST US Federal Reserve chief Jerome Powell turned up the heat on cryptocurrencies on Thursday, saying they pose risks to financial stability, and indicating that greater regulation of the increasingly popular electronic currency may be warranted. Th...