Jonathan Raa | Nurphoto | Getty Images Bitcoin pushed higher to end the week as investors took some comfort in the idea that outflows from the Grayscale Bitcoin ETF (GBTC) could be starting to taper off. The price of the cryptocurrency climbed more than 5% to $41,828.37 according to Coin Metrics, bringing its weekly gains … Read more
Bitcoin extended its recent declines on Tuesday, falling further below $40,000 to its lowest level since the beginning of December. The price of the cryptocurrency was last lower by more than 3% at $38,840.93, adding to its 4% loss from the previous day, when the coin briefly dipped below $40,000 for the first time this … Read more
DAVOS, Switzerland — Bitcoin does nothing, JPMorgan Chase CEO Jamie Dimon said Wednesday on the sidelines of the World Economic Forum. “I call it the pet rock,” he added. Dimon is a long-time bitcoin critic. The bank chief said in 2021 at peak crypto valuations that bitcoin was “worthless,” and he doubled down on that sentiment last … Read more
Cryptocurrencies tumbled on Thursday, with bitcoin falling back to $40,000. Bitcoin last traded lower by 3.6% at $41,167.14, according to Coin Metrics. Earlier, it fell as far down as $40,601.37, its lowest level since Dec. 18. Ether, which has gotten a boost in recent days while bitcoin struggled, fell too. It was last down 3% … Read more
Sopa Images | Lightrocket | Getty Images Now that bitcoin ETFs are trading across U.S. public markets, many large money managers that have been effectively locked out of crypto finally have a way to access the primary digital currency. For the $30 trillion advised wealth management industry, the floodgates could be about to open. Analysts … Read more
Bitcoin slid on Friday to end what should have been a momentous week for the cryptocurrency, with the launch of 11 bitcoin ETFs in the U.S. after a years long battle for institutional acceptance of the asset. The price of bitcoin dropped nearly 6% to $44,022.22, according to Coin Metrics, pulling most of the crypto … Read more
Omar Marques | Lightrocket | Getty Images Bitcoin hovered around the flat line higher late Wednesday after the Securities and Exchange Commission gave the green light for the first-ever spot bitcoin ETFs to trade in the U.S., as expected. The cryptocurrency trimmed earlier losses and was last trading flat at $46,671.22, according to Coin Metrics. … Read more
Bitcoin on Wednesday reversed its new year rally as investors weighed the Federal Reserve’s policy outlook and stayed on alert for updates on the Securities and Exchange Commission’s looming bitcoin exchange-traded fund decision. The price of bitcoin was last lower by more than 4% at $42,685.85, according to Coin Metrics. Earlier in the day, it … Read more
A representation of cryptocurrency Ethereum is placed on a PC motherboard in this illustration taken on June 16, 2023. Dado Ruvic | Reuters The price of ether jumped on Wednesday as investors moved into the cryptocurrency ahead of key upside catalysts expected in January. Ether was last higher by 6%, according to Coin Metrics. Solana’s … Read more
A worsening macroeconomic climate and the collapse of industry giants such as FTX and Terra have weighed on bitcoin’s price this year. STR | Nurphoto via Getty Images Bitcoin fell Monday as investors took profits after its December rally. The price of the cryptocurrency was recently lower by about 5% at $41,557.62, according to Coinbase, … Read more
