Bitcoin Falls as Much as 30% as Investors Sour on Cryptocurrencies
Investors have shunned riskier assets this week, marking a sudden shift in mood that is delivering heavy losses to inexperienced traders. Bitcoin, the volatile digital currency that briefly became a trillion-dollar market, plunged Wednesday as its monthlong slide morphed into a frenzied selloff. Cryptocurrencies have surged over the past year on a wave of speculative excitement […]
Bitcoin is Better at being Gold than Gold is
Decentralized: Bitcoin is more decentralized than gold. There are more than 100,000 hubs everywhere in the world confirming the Bitcoin blockchain. Bitcoin miners and designers are everywhere in the world also. Gold mining is dependent upon the ward they are situated in and the neighborhood government can undoubtedly force powers over the gold yield since […]
Cryptocurrency crunch is a great opportunity to buy,’ trader says amid a slew of negative catalysts
Cryptocurrencies collapsed Wednesday, with bitcoin plunging as much as 30% in a single session amid regulatory pressures overseas and negative headlines on the home front. In an interview with CNBC’s “Trading Nation,” New Street Advisors Group founder and CEO Delano Saporu said that “for investors that are thinking long term, this is actually a great opportunity to buy at prices you […]
Crypto Market Loses $460B as Ether, Altcoins Follow Bitcoin’s Deep Dive
The crypto market has lost more than $400 billion in a day. Prices for ether (ETH), the second-largest cryptocurrency by market capitalization, traded in deep red along with other alternative cryptocurrencies (altcoins), tumbling by more than bitcoin (BTC) in the biggest sell-off in digital asset markets since the “Black Thursday” of March 2020. At press time, ether was trading […]