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ETMarkets launches Crypto Corner, an all new section on cryptocurrency

With ETMarkets Crypto Corner, we go multi-format to ensure your crypto journey becomes an immersive experience. So, you will not just read, but also watch and listen to all-things-Crypto at this new corner. ....

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Bitcoin recovers to $38,000 after plunging 30% in 24 hours

Bitcoin recovers to $38,000 after plunging 30% in 24 hours
Bitcoin started seeing a major decline after Tesla CEO Elon Musk said his company will no longer accept Bitcoin as a digital payment due to damage it causes to environment. China has also proscribed financial institutions and payment firms from providing services related to cryptocurrency
BusinessToday.In | May 20, 2021 | Updated 09:15 IST
Bitcoin has fallen almost 50 per cent from April 12
The world s largest cryptocurrency Bitcoin has declined 6.62 per cent to $38,018.85 in the past 24 hours. The world s biggest cryptocurrency saw around a 26.7 per cent drop on Wednesday. It went from $43,602 5.15 pm ET to as low as $31,926 around 9.15 am ET, digital currency exchange CoinDesk data shows. ....

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Bitcoin recovers losses after Musk's tweet; jumps 5.6% to trade above $49,000

Bitcoin recovers losses after Musk s tweet; jumps 5.6% to trade above $49,000
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Last Updated: May 16, 2021, 02:31 PM IST
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Bitcoin, the world s biggest and best-known cryptocurrency is up 77.9% from the year s low of $27,734 on Jan. 4, and down 24% from the year s high of $64,895.22 hit on April 14.
Reuters
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BENGALURU: Bitcoin rose 5.63 % to $49,337.72 on Sunday, adding $2,628.83 to its previous close.
Bitcoin, the world s biggest and best-known cryptocurrency is up 77.9% from the year s low of $27,734 on Jan. 4, and down 24% from the year s high of $64,895.22 hit on April 14.
Ether, the coin linked to the ethereum blockchain network, rose 6.1 % to $3,868.42 by 0800 GMT on Sunday, adding $222.41 to its previous close. ....

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Bitcoin Latest Price News: Bitcoin Tops $50,000 As It Wins More Mainstream Acceptance

Bitcoin hit a record $50,603 and was last up 0.83 per cent at $48,351.
Bitcoin rose above $50,000 on Tuesday for the first time, adding steam to a rally fuelled by signs that the world s biggest cryptocurrency is gaining acceptance among mainstream investors and companies.
Bitcoin hit a record $50,603 and was last up 0.83 per cent at $48,351. It has risen around 67 per cent so far this year, with most of the gains coming after electric carmaker Tesla said it had bought $1.5 billion in bitcoin.
The move by Tesla, which also said it would accept bitcoin as payment, was the latest in a string of large investments that have vaulted bitcoin from the fringes of finance to company balance sheets and Wall Street, with US firms and traditional money managers starting to buy the coin. ....

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bitcoin rate: Bitcoin breaches $34,000 as rally extends into New Year

Bitcoin, the world’s largest crypto currency, topped $34,000, just weeks after passing another major milestone.
The currency gained as much as 7.8% to $34,182.75, before slipping to about $33,970 as of 3:05 p.m. on Sunday in Singapore. It advanced almost 50% in December, when it breached $20,000 for the first time.
The latest gains top an eye-popping rally for the controversial digital asset in 2020, which rebounded sharply after a severe crash in March that saw it lose 25% amid the coronavirus pandemic.
The currency “will be on the road to $50,000 probably in the first quarter of 2021,” said Antoni Trenchev, managing partner and co-founder of Nexo in London, which bills itself as the world’s biggest crypto lender. Institutional investors returning to their desks this week will likely boost prices further after retail buying over the holidays, he said. ....

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