Bitcoin slide fuels fear of bubble burst | Industry Leaders
Bitcoin has wiped out about $185 billion in value since Friday, more than the market capitalization of 90% of individual companies in the S&P 500.
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Bitcoin has wiped out about $185 billion in value since Friday, more than the market capitalization of 90% of individual companies in the S&P 500.
The digital asset’s 900% advance since 2018 has been so swift that it dwarfs all other boom cycles in financial assets during the past 50 years.
Is Bitcoin "The Mother-Of-All-Bubbles"? What Investors Say Last week, for example, Bitcoin managed to trade 179 per cent above its average price over the past 200 days, three times as high as the Nasdaq 100 ever got during the heyday of the dot-com bubble. Updated: January 12, 2021 11:32 am IST Bitcoin fell as much as 20 per cent Monday, and was down 16 per cent to $33,440 as of 4 p.m. in New York. While little exists intrinsically to judge the fair value of a digitized currency, comparing Bitcoin to other high-momentum assets of the past shows how heated its rally has become -- and why i...
Bitcoin really is an asset like no other, on technical charts Premium Up 38% this year through Friday, Bitcoin had its best start to a year since 2012, when it surged almost 60% over the first eight days (REUTERS) . Updated: 12 Jan 2021, 09:24 AM IST Bloomberg Bitcoin’s feverish run-up has called into question whether it’s gone too far, too fast Share Via Read Full Story Everyone has watched in awe as Bitcoin notched new highs almost daily. Now that its rally has abruptly ended, investors are wondering if they’re starting to witness the start of an even quicker crash. Analysts and st...
Bitcoin’s Slide Dents Price Momentum That Dwarfed Everything Bloomberg 1/11/2021 Vildana Hajric and Lu Wang (Bloomberg) -- While little exists intrinsically to judge the fair value of a digitized currency, comparing Bitcoin to other high-momentum assets of the past shows how heated its rally has become -- and why it’s vulnerable to swoons like Monday’s. Last week, for example, Bitcoin managed to trade 179% above its average price over the past 200 days, three times as high as the Nasdaq 100 ever got during the heyday of the dot-com bubble. The digital coin was up 120% ...