Text size Bitcoin has torn higher to start the year, but there is reason to think the gains could be unsustainable. Dreamstime Bitcoin and other cryptocurrencies were on pause Wednesday as traders awaited a key decision on interest rates from the Federal Reserve. After the best January for Bitcoin in a decade, bad news out … Read more
Text size Bitcoin prices have had a standout January, rallying about 40% since the start of the year. Dreamstime Bitcoin and other cryptocurrencies were slightly lower Monday, paring gains after a rally over the weekend. Crypto traders are awaiting the Federal Reserve decision on interest rates due Wednesday, which is likely to be a catalyst … Read more
Sam Bankman-Fried’s fall from grace has dealt an unprecedented blow to the crypto industry’s reputation — and some of this infamy may rub off on politicians who took his money, as well as on former regulators and Capitol Hill staffers who took well-paying jobs representing digital-asset companies before Congress. Bankman-Fried, founder and CEO of the … Read more
Some market gurus are starting to worry the summer rally on Wall Street may be starting to fizzle, after stocks quickly lurched from oversold to overbought. Gene Goldman, chief investment officer of Cetera Financial Group, explained that stocks are likely headed for a pullback, even though the economy is in better shape than many Americans … Read more
Text size Cryptos prices are well off their recent lows but remain down this year. Ozan Kose/AFP via Getty Images Bitcoin prices were soaring on Wednesday as investors piled back into digital assets amid a return of risk sentiment in wider markets. Analysts are keenly watching for signs that this rally has momentum—and where it … Read more
Text size Crypto prices have collapsed in recent months, but prices recently have rallied. Dreamstime Bitcoin and other cryptocurrencies were trading mixed Tuesday, with prices wavering amid fragile investor sentiment following a selloff in the stock market on Monday. The price of Bitcoin rose slightly over the past 24 hours to $22,171, having moved as … Read more
Text size Crypto prices rallied over the weekend. Dreamstime Bitcoin and other cryptocurrencies were rallying on Monday as optimism swept through the digital asset space and stock market alike. The price of Bitcoin rose 6% over the past 24 hours to $22,400—the highest levels since a selloff in mid-June drove the largest crypto down from … Read more
Text size Crypto prices have collapsed in 2022. Dusan Zidar/Dreamstime Bitcoin and other cryptocurrencies dropped on Wednesday after investor sentiment soured following the release of key U.S. inflation data. The price of Bitcoin is 4% over the past 24 hours to $19,200, having previously been edging higher, approaching the $20,000 level that it plunged though … Read more
The latest crisis started Sunday with Celsius, one of the biggest crypto lending platforms, pausing all withdrawals, swaps and transfers between accounts. The company reportedly has hired restructuring attorneys to advise on possible solutions for its mounting financial problems, according to a Tuesday report by the Wall Street Journal. Meanwhile, rumors swirled over potential stress … Read more
Veteran investor and bitcoin bull Michael Novogratz doesn’t have a rosy outlook on the economy, which he described as headed for a substantial downturn, with the likelihood of a “fast recession” on the horizon. “The economy is going to collapse,” Novogratz told MarketWatch. “We are going to go into a really fast recession, and you can … Read more