A Bitcoin logo seen displayed on a smartphone with stock market percentages in the background in this illustration taken April 26, 2021. Omar Marques | SOPA Images | LightRocket | Getty Images Prominent investor Scott Minerd told CNBC that the fall in bitcoin is not yet over and shared his forecast for where the “real
When a cryptocurency token called titan dropped from more than $60 to several thousandths of a cent in the space of a few hours earlier this month, even traders with the thickest of skins were a bit alarmed. While rapid price appreciation and equally swift sell-offs are increasingly par for the course in the world
LAN network cables plugged into a Bitcoin mining computer server are pictured in Bitminer Factory in Florence, Italy, April 6, 2018. Alessandro Bianchi | Reuters With China cracking down on cryptocurrencies, it may soon become much easier — and more profitable — to mine bitcoin. Last month, Beijing called for measures to stamp out bitcoin
Ark Invest’s Cathie Wood took advantage of the volatility in bitcoin on Tuesday, buying up shares of Grayscale Bitcoin Trust and Coinbase. Wood — known for taking advantage of dips in her highest conviction picks —purchased 1,046,002 shares of the Grayscale Bitcoin Trust in the ARK Next Generation Internet ETF on Tuesday, a position worth
The reflection of bitcoins in a computer hard drive. Thomas Trutschel | Photothek via Getty Images Bitcoin continued to rebound from its lows for the year on Wednesday. The cryptocurrency sank below the key $30,000 threshold Tuesday, at one point briefly erasing all its 2021 gains. It later recovered to turn positive for the day.
The digital currency has jumped 5.4% over the last 24 hours, reaching $34,368 per coin, according to CoinDesk. The cryptocurrency has lost almost half its value since it hit an all-time high in April. Other currencies have experienced similar price swings. Ethereum and dogecoin each rebounded about 4.8% and 8.9% respectively on Wednesday, after getting