Page 31 - Bitcoin

Bitcoin's m-cap plunges more than $500 billion in cryptocurrency rout

Bitcoin is now down more than 50 per cent from its record of almost $65,000 set in April

Top headlines: Bitcoin plunges to $30,066; IOC returns to profit in Q4FY21

Business Standard brings you the top headlines this evening

More drops in Big Tech pull stocks lower; Bitcoin drops another 20%

US stocks are opening broadly lower, extending a weak streak into a third day.

Bitcoin plunges to $30,066; crypto market cap losses nearly $1 trn

The sharp declines came after China banned financial and payment institutions from providing cryptocurrency services

Explained: Why cryptocurrency jumps and falls on Elon Musk's tweets

Bitcoin, the biggest and best-known cryptocurrency, has been under pressure from a series of tweets from Tesla boss Elon Musk. Cryptocurrency price declines last week were sparked by Musk's reversal on Tesla accepting bitcoin as payment. His subsequent tweets caused further confusion over whether the carmaker had shed its holdings of the coin. Every time the charismatic billionaire has made a statement about crypto, he’s sparked off financial turmoil. How and why? The video based on Business Standard's Devangshu Datta article "Why cryptocurrency jumps and falls on Elon Musk's tweets" explains in detail. Watch it now. Story link: https://www.business-standard.com/article/markets/explained-why-cryptocurrency-jumps-and-falls-on-elon-musk-s-tweets-121051801378_1.html

Explained: Why cryptocurrency jumps and falls on Elon Musk's tweets

The value of a crypto depends solely on the equation between supply and demand, and demand is driven solely by sentiment

Buyers beware as 'altcoin' frenzy bruises bitcoin's market share

Dogecoin last week jumped about 25% after Musk said he was working with its developers to boost its efficiency.

Elon Musk fuels Bitcoin volatility by saying Tesla hasn't sold stake

The drama started on Sunday after Musk sent a tweet that raised questions about whether Tesla might have already sold its stake

Amid volatility, Bitcoin rallies from three-month low on Musk's tweet

Musk said Tesla would not sell its bitcoin, but the cryptocurrency has dropped by almost a quarter since Musk's reversal on Tesla taking it as payment

Crypto exchanges draw attention of regulators over brand promotions

According to regulatory sources, the brand promotion could mislead retail investors as the legality of cryptocurrency itself is under the scrutiny of the central government

How to use 50 trillion Shiba Inu in Covid-hit, crypto-wary India

Prices of Shiba Inu have recovered about 25% in the past 24 hours, according to CoinGecko.com.

Roaring crypto cacophony drowns out rest of Wall Street in a wild week

Dogecoin wasn't the only canine-themed coin to take a tumble.

Elon Musk sends bitcoin tumbling with stunning reversal over payments

Bitcoin, the world's biggest digital currency, fell more than 7 per cent after the tweet and was trading at $52,669

Top headlines: Delhi's positivity rate at 1-month low; Bitcoin below $50k

Business Standard brings you stories that made the headlines on Thursday

Musk decries bitcoin's 'insane' energy use after Tesla payment U-turn

Musk denounces amount of energy used to produce bitcoin; however, Tesla will retain bitcoin holdings

Bitcoin recoups some losses in Asian trade after Musk-triggered tumble

The price of the world's largest cryptocurrency dropped from around $54,819 to $45,700, its lowest since March 1, in just under two hours following the tweet

Bitcoin rebounds after Musk says Tesla will suspend using cryptocurrency

Bitcoin rebounded to about $50,000 in Asian trading on Thursday after plunging as much as 17% after Elon Musk tweeted Tesla Inc had stopped accepting bitcoin to purchase its vehicles

Cryptocurrency ethereum hits another record high as 2021 gains near 500%

Cryptocurrency Ether hit another record high on Wednesday, taking gains this year to close to 500% on the back of growing interest in decentralized finance applications

Gaining currency

Large firms signal mainstream acceptance of crypto

A new avatar: Making a case for crypto-currencies to fill SME financing gap

Studies point out that the 40 million-odd SMEs in India, with limited access to formal credit, face a financing gap of $250-500 billion