Business News Asia
Expecting inflation to peak in the U.S., bitcoin rose above $22,000, reaching its highest level in nearly a month. This could ease pressure for the Federal Reserve (Fed) to raise interest rates. Bitcoin jumped 3.39% to $22,335.11. Investors are waiting…
Bitcoin rose above $21,000, reaching a two-week high. This was due to the weakening of the dollar, which boosted the purchase of risky assets, including cryptocurrencies. The bitcoin price rose 9.79% today to $21,605.05. In addition, bitcoin has been supported…
Bitcoin prices have risen back above the psychologically significant $20,000 mark this afternoon as the dollar’s depreciation has increased buying of risky assets, including cryptocurrencies. Bitcoin price increased by $1,951.57 or +10.16% to $21,112.93. The dollar index fell this afternoon,…
The bitcoin price fell 1.90% today (August 31) to $19,810.0. Bitcoin’s decline this morning came after the Dow Jones Industrial Average fell 308.12 points on Tuesday (August 30), following 2 straight days of declines in U.S. stocks. The Dow Jones…
Bitcoin is rallying above $20,000 as speculative buyers after the previous price drop amid concerns about the Federal Reserve (Fed) rate hike. The bitcoin price rose 2.99% this morning to $20,254.95. Investors are concerned that the Fed’s accelerated rate hikes…
Bitcoin prices have fallen below $20,000 this morning after Federal Reserve Chairman Jerome Powell signaled that the Fed will continue to raise interest rates to curb inflation. Bitcoin fell 345 points or -1.33% this morning to $19,706.61 Bitcoin prices fell…
Bitcoin has been falling steadily on concerns about the Federal Reserve (Fed) raising interest rates. The bitcoin price fell 5.51% this morning to $20,325.17. Bitcoin slid into negative territory this morning after the Dow Jones Industrial Average closed with a…
Bitcoin fell to nearly $21,000 today in line with U.S. equity markets on fears the U.S. Federal Reserve (Fed) will continue to raise interest rates to curb inflation. The Dow Jones Industrial Average fell 643.13 points, or 1.91%, to close…
The three largest U.S. bitcoin mining companies posted losses totaling more than $1 billion in the second quarter after facing impairments caused by the slump in cryptocurrency prices. Core Scientific posted a net loss of $862 million, Marathon Digital Holdings…
Investors sold cryptocurrencies in droves yesterday, taking risks amid uncertainty over the direction of the U.S. Federal Reserve’s (Fed) monetary policy and concerns about the Chinese economy. The downturn in the crypto market was swift. As a result, the market…
