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Bitcoin surged as much as 18% after a wild day that saw the cryptocurrency briefly drop below $30,000

Bitcoin surged as much as 18% after a wild day that saw the cryptocurrency briefly drop below $30,000

Posted By: Editorial Teamon: June 24, 2021In: BUSINESS, ECONOMY, MARKETING, NEWSNo Comments

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. On Wednesday, bitcoin surged 18%, climbing back above the $34,000 mark in early morning trading, according to Coin Metrics data. […] Read more

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Bitcoin falls after U.S. seizes most of Colonial ransom

Bitcoin falls after U.S. seizes most of Colonial ransom

Posted By: Editorial Teamon: June 09, 2021In: BUSINESS, MARKETING, NEWSNo Comments

Bitcoin’s price slipped again Tuesday amid a brutal sell-off among digital currencies. The reason for the move was unclear, however it may be related to concerns over security of the cryptocurrency after U.S. officials managed to recover most of the ransom paid to hackers that targeted Colonial Pipeline. Court documents said investigators were able to access […] Read more

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Cryptocurrencies are close to reaching a big milestone versus gold by one Wall Street firm’s count

Cryptocurrencies are close to reaching a big milestone versus gold by one Wall Street firm’s count

Posted By: Editorial Teamon: May 19, 2021In: BUSINESS, MARKETING, NEWSNo Comments

Crypto bulls have long championed bitcoin as a modern-day replacement for gold, and by one measure, the new market is already close to surpassing bullion in that respect. The total value of the cryptocurrency market now stands above $2 trillion, putting it on nearly equal footing with the amount of gold held for private investment […] Read more

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Dogecoin spikes 400% in a week, stoking fears of a cryptocurrency bubble

Dogecoin spikes 400% in a week, stoking fears of a cryptocurrency bubble

Posted By: Editorial Teamon: April 17, 2021In: BUSINESS, ECONOMY, MARKETING, NEWSNo Comments

Dogecoin started out as a joke. Now it’s a top 10 digital currency worth $40 billion. The cryptocurrency is based on the “Doge” meme, which rose to popularity in late 2013. The meme portrays a Shiba Inu dog alongside nonsensical phrases in multicolored, Comic Sans-font text. Created in 2013 by software engineers Billy Markus and Jackson […] Read more

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Cryptocurrency market value tops $2 trillion for the first time as ethereum hits record high

Cryptocurrency market value tops $2 trillion for the first time as ethereum hits record high

Posted By: Editorial Teamon: April 06, 2021In: BUSINESS, ECONOMY, MARKETING, NEWSNo Comments

China — The value of the cryptocurrency market topped $2 trillion for the first time on Monday driven by a rally in ether, the second-largest digital coin. In just over two months, the market capitalization of the cryptocurrency market has doubled, according to price tracking website CoinGecko, as retail and institutional investors pile into the space. […] Read more

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Chart points to bitcoin ‘peaking out’ in early 2021

Chart points to bitcoin ‘peaking out’ in early 2021

Posted By: Editorial Teamon: December 29, 2020In: BUSINESS, ECONOMYNo Comments

Bitcoin could be headed for a breather in the new year. The red-hot cryptocurrency continued its longest monthly win streak in more than a year on Monday after grazing a new all-time above the $28,000 mark on Sunday. Based on the charts, that run might be put on pause come 2021, Mark Newton, founder and president […] Read more

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