A bitcoin sell-off that began at the beginning of the week is gaining momentum, with a fifth of its value evaporating in just the past 24 hours. The digital currency slumped 19 percent to $12,668 Friday, according to the tracking site CoinDesk. The price of bitcoin has skyrocketed in recent weeks, and Friday’s drop brings […]
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Bitcoin fell more than 10 percent on Wednesday to a one-week low of $15,800 at cryptocurrency exchange Bitstamp, losing almost one- fifth of its value from a peak hit just three days ago. The digital currency has been sliding since it reached a record high of $19,666 on Sunday, when the exchange giant CME Group […]
Read More The newest way to bet on bitcoin, the cyptocurrency that has taken Wall Street by storm with its stratospheric price rise and wild daily gyrations, will arrive on Sunday when bitcoin futures start trading. The first bitcoin future trades are set to kick off at 6 p.m. EST (2300 GMT) on Cboe Global Markets Inc’s […]
Read More Bitcoin flirted with $17,000 on Thursday, triggering a warning the cryptocurrency was like a “train with no brakes” and prompting fresh concern about its looming launch on mainstream markets. Still under $14,000 in Asian trading hours, it smashed through $15,000 in European trading and got as high as $16,777 before pulling back, according to Bloomberg […]
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Bitcoin climbed to a new all-time high of $6,450 on Wednesday, boosted by bets the cryptocurrency could enter the financial mainstream after the world’s largest derivatives exchange operator said on Tuesday it would launch bitcoin futures. CME Group Inc said it would provide a regulated trading venue for the cryptocurrency market and would launch the […]
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