The original cryptocurrency has lost roughly 50% from its mid-April high of around $64 000, leaving it up just 5% for the year. It’s a remarkable comedown for the digital asset which just weeks ago was trekking higher amid a warmer embrace from Wall Street as well as retail investors. For more information on how […]
But there were several more profitable ways to ride the bitcoin train, and one of these was to buy listed bitcoin miners. Results for the first quarter of 2021 shows the company mined 548 bitcoin in the first quarter worth about $32.4 million as of March 31, and added 4 500 mining rigs to its fleet. […]
A slate of companies are releasing or planning “Bitcoin adjacent” products that skirt US regulators’ refusal to allow the largest cryptocurrency to be put in an exchange-traded fund wrapper. It’s the only way US firms can cash in on the unrelenting clamour for digital coins, and it may stay that way for a while. For […]
Crypto combines many elements into one: it is a currency that frees users from the big banks, it is a payments system with low fees, it is a technology based on a shared incorruptible database and, to wrap it all up in a neat bundle, it is an investment vehicle that fits the ever-evolving scope […]
As the bitcoin volatility index chart below shows, the recent bull market was by no means exceptional in terms of volatility, which is still well below bitcoin’s 2013 and 2018 peaks, which were followed by dramatic price drops. That price difference typically ranges between 2% and 5% and went momentarily to 15% in recent weeks. […]
In December 2017, bitcoin hit a new all-time high of $20 000, having started the year at $950 – a 2 000% return for the year. Yet for all its divisiveness, bitcoin has clocked a 210% compound annual growth for the last decade, making it the best performing asset over this period and the fastest […]
After hitting a previous peak of $20 000 in December 2017, bitcoin fell 84% over the following year to a low of about $3 500 before recommencing its next bull run, which took it to a new all-time high above $63 000. Bitcoin is jittery around talk of restrictions and regulations, but even when countries like China, Pakistan […]
Noting that “a chart is a chart is a chart,” Tallbacken Capital Advisors’s Michael Purves — weighing in on crypto for virtually the first time — sent a note Wednesday with a technical analysis of the coin’s trading patterns. Purves’s decision to comment is the latest sign that Bitcoin has become too big for Wall […]