
Bitcoin poised for sharpest daily drop in months after record-breaking run
The world’s largest cryptocurrency appeared to be hit by poor inflation data and cooled government interest.
The world’s largest cryptocurrency appeared to be hit by poor inflation data and cooled government interest.
The price of the world’s most valuable cryptocurrency has surged more than 28% this year.
Bitcoin rallied Thursday to a new all-time high above $116,000, the latest milestone for the cryptocurrency in recent months as House Republicans appeared to stoke regulatory optimism among crypto investors.
Bitcoin has plummeted sharply amid fears U.S involvement in the Israel-Iran conflict could escalate into a wider regional war, adding to volatility expected from an imminent Federal Reserve earthquake.
The bitcoin price set a new all-time high of $112,000 per bitcoin last month, surging 50% from its April low and helped by U.S. vice president JD Vance issuing a huge crypto prediction.
Last-mile delivery start-up Locate Technologies says it will stash cash in excess of its working capital in Bitcoin.
The Senate advanced regulations for stablecoins earlier this week, following support from the broader crypto industry.
GameStop shares surged over 9% after the company’s CEO posted a photo of him alongside MicroStrategy co-founder Michael Saylor.
Still up 25% since Election Day, bitcoin is a part of a major slump across asset classes in recent weeks.
Bitcoin’s breathtaking 2024 performance and its rise above $100,000, has captured the world’s attention. Here’s why one card-carrying value investor is bullish on the volatile digital asset.