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Bitcoin slumps on Monday after surging to record high of $58,354 a day earlier

Bitcoin slumps on Monday after surging to record high of $58,354 a day earlier
The most popular cryptocurrency rallied over the weekend to record levels, almost doubling year-to-date. It hit a market capitalisation of $1 trillion on Friday
Reuters | February 22, 2021 | Updated 17:25 IST
Bitcoin fell as much as 6% on Monday, and was last trading down 4.4% at $54,941
Bitcoin fell sharply on Monday after surging to a record $58,354 a day earlier, as a selloff in global equities curbed risk appetite.
The most popular cryptocurrency rallied over the weekend to record levels, almost doubling year-to-date. It hit a market capitalisation of $1 trillion on Friday.
Bitcoin s gains have been fueled by signs it is gaining acceptance among mainstream investors and companies, from Tesla Inc and Mastercard Inc to BNY Mellon. ....

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Bitcoin tipped to rise to $1million in value after Elon Musk's Tesla backs crypto

| UPDATED: 12:48, Wed, Feb 10, 2021
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Billionaire entrepreneur Elon Musk sparked a Bitcoin frenzy this week after his company Tesla bought $1.5billion s (£1.1billion) worth of the cryptocurrency. In a stock market filing, Tesla said it has updated its investment policy and is therefore looking to invest in reserve assets such as digital currencies, gold bullion or gold exchange-traded funds. The shock move drove the value of Bitcoin up to record highs after a turbulent month in January. Its value is now approaching the $50,000 (£36,000) mark, with the price ....

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Bitcoin values poised to 'drop' as Joe Biden presidency to create 'volatile market'

| UPDATED: 09:20, Wed, Jan 20, 2021
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Mr Biden will be inaugurated as US President today, leaving business leaders to speculate on how his new agenda could impact the economy and business. Bitcoin traders are no different, but senior analyst at Investing.com Jesse Cohen believes Mr Biden s presidency could hurt the value of the cryptocurrency. She said earlier this month: “While many expect the Bitcoin rally to continue in 2021, I’m more concerned with what the Biden administration could mean for cryptos. Incoming Treasury Secretary Janet Yellen ....

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Bitcoin 'will surge to value of $1million' as expert predicts 'enormous money'

| UPDATED: 15:45, Mon, Jan 18, 2021
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Bitcoin s value has began to rise again after a chaotic last couple of weeks. The cryptocurrency was valued at £25,000 on January 5 before rising to a price of £30,000 on January 7. But following this, it endured its worst decline since March last year, losing around 20 percent of its value in just two days. The drop may have deterred many, as volatile price swings leave investors unsure about the long term profitability of the cryptocurrency. ....

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Bitcoin 'will reach £73,000 value by end of 2021' in startling claim

| UPDATED: 12:22, Thu, Jan 14, 2021
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Bitcoin values have shown volatility not seen since the cryptocurrency s crash in 2017 – leaving investors reeling. In early January, Bitcoin surged so much that values hit a record high. On January 5 it was valued at £25,000 before rising again to £30,000 on January 7. But following this, it endured its worst decline since March last year, losing around 20 percent of its value in just two days. The fluctuation seen in the last two weeks has caused worry among investors, although many have come to anticipate Bitcoin’s v ....

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