Cryptocurrencies on Tuesday recovered some of the previous day’s losses after bitcoin briefly fell under $50,000 for the first time in six months. The price of the flagship cryptocurrency was last higher by 3.5% at $55,051.74, according to Coin Metrics. Ether, rose more than 2% to $2,457.73. Markets broadly bounced early Tuesday, including stocks tied
(Bloomberg) — Cryptocurrencies reeled from a bout of risk aversion in global markets on Monday, at one point sending Bitcoin down more than 16% and saddling second-ranked Ether with the steepest fall since the collapse of FTX in 2022. Most Read from Bloomberg Top token Bitcoin traded 9% lower at $53,883 as of 4:51 p.m.
Former U.S. President and Republican presidential candidate Donald Trump attends a campaign event in Philadelphia, Pennsylvania, U.S., June 22, 2024. Shannon Stapleton | Reuters Former President Donald Trump will headline a campaign fundraiser in Nashville on the sidelines of the Bitcoin Conference, where the top ticket is going for $844,600 per person. According to an
The Bitcoin price was surging in early-morning trading on Monday as markets reacted to the assassination attempt on former U.S. President Donald Trump. The token, which is the largest cryptocurrency in terms of market capitalization, was up 5% over 24 hours to $62,903. Excitement about the launch of several exchange-traded funds helped bitcoin hit a record high
Former U.S. President and Republican presidential candidate Donald Trump looks on during his campaign event, in Racine, Wisconsin, U.S. June 18, 2024. Brendan Mcdermid | Reuters The presumptive Republican presidential nominee promised to loosen the regulation of cryptocurrencies if he is elected in November, and to “get out of the way of innovation,” a person
(Bloomberg) — Coinbase Global Inc., the largest US crypto exchange, is zeroing in on potential demand in Australia’s growing self-managed pensions sector. Most Read from Bloomberg The exchange is developing a service that targets the segment, Asia-Pacific Managing Director John O’Loghlen said. Such portfolios make up about a quarter of Australia’s $2.5 trillion pension system
(Bloomberg) — Coinbase Global Inc. Chief Financial Officer Alesia Haas defended the crypto exchange’s rising expenses and the volatility of the digital asset industry after the company’s stock fell despite reporting better-than-expected first quarter results. “When we see high volumes, which we saw a sharp tick-up in volumes in March, we tend to then have