Cryptocurrency

Bitcoin slides in worst weekly drop since march amid selloff

The digital token slumped 20% this week, the most since the pandemic-fueled selloff last March

Bitcoin cracks 14% to break below $45,000 as crypto selloff gathers pace

• Bitcoin moved in a wide range of $51,982.84-44,537.65 over the last 24 hours, as per cryptocurrency tracker CoinGecko. It had last traded below the $45,000 level on 11 February 2021.

Bitcoin heads for worst weekly slide in a year amid selloff

The largest cryptocurrency slumped as much as 21% this week, the most since March. The wider Bloomberg Galaxy Crypto Index, tracking Bitcoin, Ether and three other cryptocurrencies, is down 23% this week

Coinbase files to go public on Nasdaq through direct listing

• Started in 2012, Coinbase has raised more than $500 million from backers
• Coinbase’s revenue more than doubled last year from 2019 as it swung to a profit.

MicroStrategy to buy more bitcoin after $1 billion purchase

The company’s latest foray into the cryptocurrency market pushed its total holdings past 90,000 coins at a cost of $2.17 billion

RBI has major concerns about crypto, says Das

Governor says central bank is getting ready to launch own digital currency

Bitcoin cracks 19% to fall below $49,000 level as crypto rally falters

• Bitcoin had hit an all-time high of $58,332.36 last week, becoming the first digital currency in the world to have a market valuation of $1 trillion. It took the crypto asset less than two months to reach this mark from a price of $25,000 as of end of December

RBI voices ‘major concerns’ about cryptocurrency

Governor Shaktikanta Das says the Reserve Bank of India has conveyed ‘major concerns’ to the government

Bitcoin climbs past $50,000 after backing from Ark’s Cathie Wood

The largest cryptocurrency advanced as much as 7.2% to about $51,393 in Asian trading

Bitcoin bet sparks rally at Japan’s most expensive brokerage

• Shares of Monex Group Inc. have been tracking the ups and downs of Bitcoin, and have more than tripled since the cryptocurrency’s rally gained momentum in October
• Monex has been diversifying into crypto as intensifying competition dims prospects of its mainstay stock brokerage business

Rakesh Jhunjhunwala on bitcoins: 'I won't buy it even for $5'

• 'I will never buy bitcoins in my life,' the ace investor said
• The regulators must ban cryptocurrencies in India, he added

Elon Musk loses $15 billion in a day after bitcoin warning

Elon Musk is no longer the world’s richest person after Tesla Inc. shares slid 8.6% on Monday, wiping $15.2 billion from his net worth

Bitcoin tumbles 17% to $45,000 as doubts grow over valuations

• The world's biggest cryptocurrency suffered its biggest daily drop in a month, falling as low $45,000.
• The drop extended a slump of nearly a fifth from a record high of $58,354 hit on Sunday — though bitcoin remains up around 60% for the year

Bitcoin cracks 8% to slip below $52,000; gives up $1tn m-cap level

• On 19 February, it had become the first digital currency in the world to hit a market valuation of $1 trillion after it crossed the $53,683 level

Bitcoin pares losses after tumbling on Elon Musk’s price remarks

• The world’s largest cryptocurrency has been on a tear this month, propelled by purchases from Musk’s Tesla Inc. and institutional investors who say Bitcoin is an attractive alternative to gold and the dollar

Bitcoin tumbles after Elon Musk hints that prices are excessive

Elon Musk’s embrace of Bitcoin last week rocketed the cryptocurrency 20% higher to more than $58,000. His cold shoulder this weekend has it in freefall

Bitcoin slides 6.6% to below $55000, rival ether falls 7% to $1,798

The most popular cryptocurrency surged over the weekend to record levels, almost doubling year-to-date. It hit a market capitalisation of $1 trillion on Friday

Bitcoin catches breath after rallying past $58,000 level

• Bitcoin on Friday, for the first time, hit a market capitalization of $1 trillion fuelled by interest from major corporations such as Tesla, MasterCard, Paypal and BlackRock

Bitcoin rally faces potential test from falling market liquidity

Market liquidity is currently much lower for Bitcoin than in gold or the S&P 500, which implies that even small flows can have a large price impact