Showing news for Market Update

Crypto Gifts Surge 1,082% at Fidelity’s Philanthropic Powerhouse

February 15, 2022

As cryptocurrencies boomed last year, boosting the wealth of investors in the asset class, so did the amount of philanth...

Bitcoin Climbs Back Above $44,000 as Appetite for Risk Returns

February 15, 2022

Bitcoin rose to more than $44,000 for the first time since the end of last week as optimism over an easing of tensions a...

Tech Stock Turmoil Outstrips Bitcoin Volatility in Rare Reversal

February 14, 2022

The world’s largest cryptocurrency has been a relative snoozer six weeks into 2022.

Bitcoin Stages Stealth Rally With Third-Straight Weekly Gain

February 11, 2022

While Bitcoin’s price has meandered the last few days, the largest cryptocurrency by market value has staged a modest un...

Singapore Crypto Investment Jumped to a Record in 2021, KPMG Says

February 8, 2022

Investment in the cryptocurrency and blockchain sector in Singapore jumped more than 10 times last year to a record, acc...

Bitcoin Notches Longest Rally Since September; Shiba Inu Jumps

February 7, 2022

Bitcoin rose for a fifth consecutive day, the longest winning streak since September, as investors begin to re-embrace r...

Bitcoin Tops 50-Day Average for First Time Since November

February 7, 2022

Bitcoin rose above its 50-day moving average on Monday for the first time in more than two months.

Bitcoin Climbs Back Above $40,000 as Risk Appetite Returns

February 4, 2022

Bitcoin gained the most in more than three months as investors show signs of renewed risk appetite following a volatile ...

Bitcoin, Ether Advance as Amazon Share Surge Buoys Tech Stocks

February 4, 2022

The top cryptocurrencies gained on Friday as strong earnings from Amazon.com Inc. bolstered confidence in technology sto...

Bitcoin’s Trendline From Peak Keeps Pressure on Token

February 2, 2022

Bitcoin continues to trade below a valid line of resistance drawn from the token’s record peak of $69,000 in November. T...

Bitcoin’s Record Casts Long Shadow Over Its Recovery Odds

February 1, 2022

Bitcoin’s recovery from a January low of $32,970 is butting up against a trendline that has been hard to break. The tren...

Crypto Exchange Bakkt Has Tumbled 90% Since October Debut

January 28, 2022

Shares of digital-asset marketplace Bakkt Holdings Inc. have dropped to all-time lows, wiping out about $10 billion in m...

Bitcoin’s Price Tumble Tests Resilience of Crypto Miners

January 25, 2022

Bitcoin miners are facing a crucial test in the wake of the token’s 50% plunge from an all-time high.

Bitcoin’s New Floor Is $30,000 as 50% Rout Destroys Old Supports

January 24, 2022

Bitcoin’s plummet has pushed it through just about every recent technical support level, forcing traders to now consider...

Crypto Losses Deepen With Bitcoin Tumbling Below $34,000

January 24, 2022

The selloff in cryptocurrencies gained new momentum on Monday, with Bitcoin tumbling to a six-month low and other tokens...

Bitcoin, Ether, Memecoins Steady After Tumbling in Crypto Rout

January 22, 2022

The selling pressure in the global crypto market eased Monday after massive declines across digital tokens last week.

Crypto Selloff Pushes Bitcoin to a Six-Month Low of $38,000

January 21, 2022

Bitcoin tumbled in an extended selloff for cryptocurrencies, falling past $38,000 to its lowest level in six months.

Bitcoin Chart Hints at Possible Floor for Slide

January 21, 2022

Bitcoin’s weekly relative strength index -- an indicator of its momentum -- has fallen to a level that in the past accom...

Biggest Bitcoin Fund Sinks Near 30% Discount in Crypto Rout

January 19, 2022

One of the biggest casualties of the cryptocurrency selloff is the Grayscale Bitcoin Trust.

Bitcoin Climbs After Inflation Jump Rekindles Hedging Debate

January 12, 2022

Bitcoin climbed above $44,000 for the first time in a week as the most U.S. inflation in four decades revives the debate...

Stablecoins Get Their Moment as Crypto Selloff Drives Yield Hunt

January 11, 2022

The sharp selloff in crypto tokens since late November has done little to dent appetite for stablecoins, their less exci...

Bitcoin Is Off to Its Worst Annual Start Since the Dawn of Crypto

January 10, 2022

Bitcoin dipped below $40,000 for the first time since September, putting it on pace for its worst start to a year since ...

Bitcoin Lingers Near September Lows Amid Drop of 40% From Record

January 7, 2022

Bitcoin traded near the lowest levels since September after an earlier swoon extended its weeks-long decline from an all...

Meme Stocks Bounce With Retail Investors Dipping Back In After Slump

January 6, 2022

(Bloomberg) -- Renewed retail investor demand and quarterly results from Bed Bath & Beyond Inc. weren’t enough to lift b...

Meme Coins Return to Earth as Gloom Overtakes Crypto Fanatics

January 6, 2022

Cryptocurrency enthusiasts who piled into meme coins such as Dogecoin and Shiba Inu amid the long-time industry rallying...