Bitcoin, the world’s largest cryptocurrency, surged past $28,000 to hit a nine-month high, as investors flocked to cryptocurrencies as alternative assets amid concerns about the banking crisis. The price of Bitcoin rebounded by 0.89% to $28,124.12 this morning. The cryptocurrency was boosted by expectations that the US Federal Reserve (Fed) would slow down on raising …
Bitcoin Surpasses $28,000, Making New Highs for 9 Months Read More »
Bitcoin has surged past $27,000, hitting its highest level in nine months as investors turn to cryptocurrencies amid concerns over the banking crisis. The cryptocurrency jumped 9.77% to $27,546.06 this morning as investors sold stocks and sought out alternative assets. The parent company of Silicon Valley Bank, SVB Financial Group, has filed for Chapter 11 …
Bitcoin’s price has surged past $26,000, hitting a nine-month high and rising for the fourth consecutive day before experiencing a slight decline. Investors are reportedly optimistic about the digital currency’s ability to hedge against inflation and the recent collapse of Silicon Valley Bank (SVB). This morning, the price of bitcoin continued to rise, increasing by …
Bitcoin hits nine-month high, surpassing $26,000 Read More »
Bitcoin’s value has surged over $24,000 after US measures were introduced to safeguard depositors in the wake of the closure of Silicon Valley Bank (SVB) and Signature Bank (SB). Bitcoin saw a rise of 17.12% to $24,242.02 in response to the creation of a “Bank Term Funding Program” by the Federal Reserve aimed at protecting …
Bitcoin surpasses $24,000 on US SVB deposit protection measures Read More »
Bitcoin has surged above $22,000 in the wake of news that the US Federal Reserve (Fed) and Treasury Department have taken measures to protect deposits of citizens who deposit their money. The move follows the announcement of the closure of Signature Bank, a major lender to the cryptocurrency industry. The US government has confirmed that …
Bitcoin Soars Above $20,000 on US Deposit Protection News SVB-Signature Bank Read More »
Silvergate Capital, a prominent lender in the cryptocurrency industry, has announced that it will end its banking business and sell its assets to pay off its debts. This decision has caused Silvergate Capital’s shares to plummet by over 43% in trading after the New York Stock Exchange closed. Silvergate Bank, one of the two main …
“Silvergate” announces the end of its banking business Read More »
Bitcoin tumbled near $22,000 on Tuesday, falling in line with the Wall Street stock market amid concerns about the US Federal Reserve (Fed) accelerating interest rate hikes, which could drag down market liquidity. The leading cryptocurrency fell 0.90% to $22,226.53, as the Dow Jones Industrial Average dropped more than 300 points to nearly 33,000 after …
Bitcoin tumbles near $22,000, Wall Street Worries about Fed raising interest rates Read More »
On Tuesday (Feb 21), Coinbase, a US-based cryptocurrency exchange, announced its Q4 2022 earnings, reporting a net income of $605 million. This figure was higher than estimated, which was set at $588 million, but was still 76% lower than Q4 2021. For the entire year of 2022, Coinbase experienced a 57% decrease in net income …
Coinbase reports higher-than-expected Q4 revenue, but still experiences net loss Read More »
The value of Bitcoin has dropped by 4%, falling below $24,000, following reports of the US Securities and Exchange Commission’s (SEC) aggressive measures against illicit crypto companies. The cryptocurrency has also come under pressure as Federal Reserve officials (Fed) support interest rate hikes. The SEC has filed a lawsuit against South Korean cryptocurrency developer Do …
Bitcoin Tumbles 4%, Falls Below $24K as Fed Officials Push for Interest Rate Hike Read More »
Bitcoin rose above $23,000 on Thursday following a statement by Federal Reserve Chairman Jerome Powell regarding the slowing of inflation in the United States. Powell spoke at an event hosted by the Economic Club of Washington, where he stated that the disinflationary process has begun in the goods sector and is expected to significantly slow …
Bitcoin Surges Above $23K After Powell’s Inflation Slowdown Comments Read More »