Page 45 - Cryptocurrency

World shares show mixed response; Bitcoin holds steady near $20,000

European benchmarks were higher Monday after most Asian markets retreated, while the price of bitcoin hovered near USD 20,000.

I will keep supporting and buying Dogecoin crypto, says Elon Musk

As all the leading cryptocurrencies get hammered, Tesla CEO Elon Musk has said he will keep supporting and buying Dogecoin, a cryptocurrency he has been vouching about for years.

Bitcoin goes past psychological threshold of $20,000 after significant drop

The price of a bitcoin inched above USD 20,000 on Sunday after the broader crypto selloff dragged it below the significant psychological threshold a day earlier

Crypto markets down nearly 70% from peaks: Will the carnage continue?

Despite US Fed's hawkish stance, crypto-currency markets continue to remain under the shadow of uncertainty. They have dropped about 70% from their all-time highs. What's the road ahead?

Crypto market starting to see even old-timers 'panic selling' amid rout

The vanishing gains suggest long-term owners are coming under pressure, a potentially worrying sign for a market known for its hodlers

Find the roaches and make a meal: Crypto's new name of the game

It was one of the most dramatic weeks in the short history of the cryptocurrency market

Crypto update: Bitcoin, Ether bounce off lows after record-breaking rout

Total liquidations in the crypto market were $566.7 million in the past 24 hours, with Bitcoin and Ether at around $271 million and $192 million respectively

Bitcoin bounces after rout but vibe is still 'strongly negative'

The world's largest cryptocurrency climbed as much as 12% early Sunday, recouping some of its losses from a steep drop Saturday that sent the token to as low as $17,599

Bitcoin drops below $20,000 to lowest since Dec 2020 as investors flee

The digital currency sector has been pummelled this week after cryptocurrency lending company Celsius froze withdrawals.

Bitcoin breaches $20,000 for first time since 2020 amid monetary tightening

"Surging recession fears are crippling appetite for risky assets and that has crypto traders remaining cautious about buying Bitcoin at these lows," said Edward Moya

Crypto's excruciating week has traders bracing for the next crisis

In between, a nascent technocratic industry with grand ambitions to reinvent the financial system was rocked repeatedly by echoes of past crises in the old system

Bill Gates blasts cryptocurrencies, NFTs as based on 'greater-fool' theory

Bitcoin plunged more than 15% Monday and another 5.4% Tuesday, part of a broader crypto selloff fueled by higher than forecast US inflation

Bitcoin sinks to fresh 18-month low of $20,079 as crypto meltdown deepens

The value of the global crypto market has tumbled 70% to under $900 billion from a peak of $2.97 trillion in November, CoinMarketCap data shows

'Get-rich-quick' days over for crypto investors post relentless sell-off

Global and domestic prices have been on a downward trail since November last year when Bitcoin prices hit a peak of close to $68,000 in international markets

Top headlines: Govt approves 5G spectrum auction; May trade deficit widens

Business Standard brings you the top headlines on Wednesday

Crypto update: Bitcoin's unrelenting selloff puts prices on verge of $20k

A market that started sliding late last year on expectations of tighter monetary policy is now showing signs of widespread panic

Crypto exchange Binance opens 2,000 positions for hiring, says CEO

This is in sharp contrast to a slew of job cuts by companies operating in the digital currency space

Coinbase lays off 18% of workforce; firm entering recession, says CEO

Leading crypto exchange Coinbase has announced that it is laying off 18 per cent of its workforce, or about 1,100 jobs amid the economic downturn

MicroStrategy can withstand bitcoin volatility: CEO amid margin call fears

MicroStrategy CEO Michael Saylor said the software firm was capable of withstanding volatility in bitcoin prices after the token slumped to levels that triggered fears of possible liquidation

Crypto exchange Coinbase to cut 1,100 jobs amid turmoil in crypto markets

The layoffs come a day after Bitcoin fell as much as 14% after major US cryptocurrency lending company Celsius Network froze withdrawals and transfers