bitcoin / 326 posts found
Market Wrap: Bitcoin Heads for Best Week in 3 Months
Cryptocurrency Bradley Keoun is the managing editor of CoinDesk’s Markets team. He owns less than $1,000 each of several cryptocurrencies. Glenn C Williams Jr, CMT is a Crypto Markets Analyst with an initial background in traditional finance. His experience includes research and analysis of individual cryptocurrencies, defi protocols, and crypto-based funds. He owns BTC, ETH, UNI, DOT, MATIC, and AVAX Bitcoin (BTC) rose Friday after a U.S. government report showed the Federal Reserve’s preferred inflation gauge rose slower than expected last month. The reason that matters is because it shows progress in the Fed’s campaign to tamp down the pace […]
Bitcoin miner’s stock slides on bankruptcy fears
Data: Yahoo Finance; Chart: Axios Visuals A major publicly-traded crypto mining operator says its cash reserves might not last for long, alarming investors about its solvency. The firm warned that it could, among other things, file for bankruptcy. Driving the news: Shares of Core Scientific plunged roughly 75% Thursday morning to a low of about 25 cents, making it the year’s biggest loser of major publicly-traded U.S. bitcoin miners. What’s happening: Core Scientific said that the combination of depressed bitcoin prices and heightened electricity costs, plus the ongoing litigation with Celsius Network, has rendered it unable to make debt payments. […]
Market Wrap: Bitcoin Marches Past $20K as Investors Regain Their Appetite for Riskier Assets
James Rubin is CoinDesk’s U.S. news editor based on the West Coast. Glenn C Williams Jr, CMT is a Crypto Markets Analyst with an initial background in traditional finance. His experience includes research and analysis of individual cryptocurrencies, defi protocols, and crypto-based funds. He owns BTC, ETH, UNI, DOT, MATIC, and AVAX Bitcoin (BTC) took a rare trip upward on Tuesday. The largest cryptocurrency by market capitalization was recently trading at about $20,300, up nearly 5% over the past 24 hours as chronically risk-averse investors drew encouragement from a number of big brands’ third-quarter earnings reports. BTC last topped $20,000 […]
Bitcoin and Ethereum Are Trending Again But A New Contender Is About To Gain More Momentum: Find Out What Makes Snowfall Protocol Unique!
Cryptocurrency There’s no doubt about it: Bitcoin (BTC) and Ethereum (ETH) are currently the two hottest cryptocurrencies on the market. However, a new contender is about to gain more momentum, and its name is Snowfall Protocol (SNW). What makes Snowfall Protocol (SNW) so unique? Keep reading to find out! Cryptocurrency Introduction To Bitcoin (BTC) and Ethereum (ETH) Before we get into what makes Snowfall Protocol (SNW) unique, we must first understand what Bitcoin (BTC) and Ethereum (ETH) are all about. Bitcoin (BTC) is a cryptocurrency that was created in 2009 by an anonymous individual or group of individuals known as […]
Market Wrap: Bitcoin, Ether Continue Their Sideways Moves as the World Twists and Turns
Cryptocurrency James Rubin is CoinDesk’s U.S. news editor based on the West Coast. Glenn C Williams Jr, CMT is a Crypto Markets Analyst with an initial background in traditional finance. His experience includes research and analysis of individual cryptocurrencies, defi protocols, and crypto-based funds. He owns BTC, ETH, UNI, DOT, MATIC, and AVAX Bitcoin is certainly liking the air above $19,000. The largest cryptocurrency by market value remained above this threshold for the 14th consecutive day as investors continued to digest a range of issues that have been plaguing markets for weeks or longer. Bitcoin was recently trading at about […]
La caída de bitcoin podría continuar si la fortaleza del dólar se mantiene en los próximos trimestres, según Goldman Sachs
Cryptocurrency Stephen Alpher is CoinDesk’s co-regional news chief, Americas. He holds BTC and ETH above CoinDesk’s disclosure threshold of $1,000. Un pico en el dólar estadounidense “parece estar a varios trimestres de distancia”, dijo el estratega de Goldman Sachs Kamakshya Trivedi en un artículo para los clientes del banco. Read this article in English. “No esperamos que la Fed comience la flexibilización hasta el 2024, y un descenso en el crecimiento también parece estar a meses de distancia”, escribió. Al observar lo que pasó en los años 70, un período de alta inflación como el actual, Trivedi notó que el […]