Tag: Bitcoin

Bitcoin holds ground after China voices support for blockchain – Reuters

Bitcoin held ground on Monday near a one-month high scaled over the weekend after China’s president Xi Jinping said the world’s second biggest economy should accelerate the development of blockchain technology.
— Read on www.reuters.com/article/us-crypto-currencies/bitcoin-holds-ground-after-china-voices-support-for-blockchain-idUSKBN1X710J

Bitcoin Is Growing Up as Deliverable Futures Start Trading

(Bloomberg) — Bitcoin is growing up.Monday marks the debut of futures contracts offered by Intercontinental Exchange Inc. that can result in delivery of the digital currency, a new chapter in Bitcoin’s tumultuous 10-year history. The first federally regulated market to buy and sell Bitcoin could entice
— Read on ca.finance.yahoo.com/news/bitcoin-growing-deliverable-futures-start-230000211.html

Bitcoin and Gold Are Monuments To Irrationality

(Bloomberg Opinion) — With worries about a currency war growing and bond yields collapsing, investors have reached for their usual haven of gold. Only this time it has a friend (as my colleague Tim Culpan wrote this week): Bitcoin. Gold’s dollar price has risen 7% this month, Bitcoin’s by 18%. This
— Read on ca.finance.yahoo.com/news/bitcoin-gold-monuments-irrationality-060013454.html

Bitcoin Is Dancing in Tandem With Gold Again

(Bloomberg Opinion) — As gold climbed toward the psychological $1,500 mark, another speculative asset has also been staging a recovery. Bitcoin is well away from its historical peak; in fact, it’s below the recent June high. However, the two assets look to have been marching in lockstep over the past
— Read on ca.finance.yahoo.com/news/bitcoin-dancing-tandem-gold-again-042743363.html

Bitcoin near two-week highs, fueled by hopes for Facebook’s Libra – Reuters

Bitcoin held on Tuesday near its highest for two weeks after surging as much as 9% overnight, a move analysts said was probably driven by hopes that cryptocurrencies are gaining wider acceptance after Facebook disclosed plans for a digital coin.
— Read on www.reuters.com/article/us-crypto-currencies/bitcoin-near-two-week-highs-fueled-by-hopes-for-facebooks-libra-idUSKCN1U40U3

Bitcoin sell-off accelerates, breaking below $11,000 – Reuters

A pullback in prices of bitcoin deepened on Thursday, falling over 16% to below $11,000 after jumping to 18-month high of nearly $14,000 earlier this week amid optimism about the widening usage of digital currencies.
— Read on www.reuters.com/article/us-crypto-currencies-bitcoin/bitcoin-sell-off-accelerates-breaking-below-11000-idUSKCN1TS2Q9