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As Bitcoin plunges, is it a bust or a buy? Sorry, but your browser needs Javascript to use this site. If you're not sure how to activate it, please refer to this site: https://www.enable-javascript.com/ A PayDepot Bitcoin ATM machine in Union City, New Jersey | REUTERS Reuters May 20, 2021 NEW YORK/LONDON – Cryptocurrencies that seemed to be defying gravity just weeks ago came back down to earth with a bump Wednesday after a roller-coaster ride that could undermine their potential as mainstream investments. The two main digital currencies, bitcoin and ether, fell as much as 3...

By Tommy Wilkes, Sujata Rao and Gertrude Chavez-Dreyfuss NEW YORK/LONDON (Reuters) -Cryptocurrencies that seemed to be defying gravity just weeks ago came back down to earth with a bump on Wednesday after a roller-coaster ride which could undermine their potential as mainstream investments. The two main digital currencies, bitcoin and ether, fell as much as 30% and 45% respectively, but significantly pared losses after two of their biggest backers - Tesla Inc chief Elon Musk and Ark Invest's Chief Executive Cathie Wood - indicated their support for bitcoin. While many analysts thought the...

Publishing date: May 19, 2021  •  20 hours ago  •  3 minute read  •  Article content NEW YORK/LONDON — Cryptocurrencies that seemed to be defying gravity just weeks ago came back down to earth with a bump on Wednesday after a roller-coaster ride which could undermine their potential as mainstream investments. The two main digital currencies, bitcoin and ether, fell as much as 30% and 45% respectively, but significantly pared losses after two of their biggest backers – Tesla Inc chief Elon Musk and Ark Invest’s Chief Executive Cathie Wood – indicated their support for bi...