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Representational: The largest US crypto exchange ended the week valued at $68 billion, more than the owner of the New York Stock Exchange.(Reuters)

Bitcoin slumps 14% as pullback from record gathers pace

Agencies | , London
UPDATED ON APR 19, 2021 06:17 AM IST
Bitcoin was last trading down 10% at $53,991 as of 1320 GMT, a whopping $12,000 below record highs set on Wednesday.
Crypto bulls are out in force as growing list of companies embrace Bitcoin, even as skeptics doubt the durability of the boom.(Reuters representative image)
Crypto bulls are out in force as growing list of companies embrace Bitcoin, even as skeptics doubt the durability of the boom.(Reuters representative image)

Bitcoin rallies to all-time high as traders eye Coinbase listing

Bloomberg |
PUBLISHED ON APR 13, 2021 02:25 PM IST
Bitcoin rose as much as 4.3% to $62,531, exceeding the previous peak in March.
A growing list of companies are looking at or even investing in Bitcoin, drawn by client demand, price momentum and arguments that it can hedge risks such as faster inflation.(Reuters)
A growing list of companies are looking at or even investing in Bitcoin, drawn by client demand, price momentum and arguments that it can hedge risks such as faster inflation.(Reuters)

Bitcoin rises by 2.6% to $61,229

Bloomberg |
PUBLISHED ON APR 12, 2021 05:22 PM IST
On March 13, Bitcoin reached a record of $61,742. The cryptocurrency is up almost ninefold in the past year.
Representations of virtual currency Bitcoin and US dollar banknotes are seen in this picture illustration. (Reuters)
Representations of virtual currency Bitcoin and US dollar banknotes are seen in this picture illustration. (Reuters)

Cryptocurrency market cap hits record $2 trillion; Bitcoin's at $1.1 trillion

Reuters | , New York
PUBLISHED ON APR 05, 2021 11:29 PM IST
  • Bitcoin was last up 1.4% at $59,025, with a market cap of $1.1 trillion.
Iridium, which is also used in spark plugs, has climbed to $6,000 an ounce.(Pixabay)
Iridium, which is also used in spark plugs, has climbed to $6,000 an ounce.(Pixabay)

Iridium, an ultra-rare metal, is surging ahead of Bitcoin this year

Bloomberg |
PUBLISHED ON MAR 26, 2021 03:18 PM IST
  • Iridium has surged 131% since the start of January, far beating Bitcoin’s 85% gain.
Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies.(REUTERS)
Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies.(REUTERS)

Crypto firm Blockchain.com raises $300 million, valued at $5.2 billion

Reuters | , London
PUBLISHED ON MAR 24, 2021 03:33 PM IST
Blockchain.com offers digital wallets for storage of cryptocurrencies as well as retail trading and other services for larger investors.
In addition to lending increased legitimacy to electronic currencies, Elon Musk’s embrace of Bitcoin fits his maverick image. REUTERS/Brendan McDermid/File Photo/File Photo(REUTERS)
In addition to lending increased legitimacy to electronic currencies, Elon Musk’s embrace of Bitcoin fits his maverick image. REUTERS/Brendan McDermid/File Photo/File Photo(REUTERS)

'You can now buy a Tesla with Bitcoin', Elon Musk says

Bloomberg |
UPDATED ON MAR 24, 2021 01:22 PM IST
  • Elon Musk on Wednesday tweeted that “you can now buy a Tesla with Bitcoin” and that paying by Bitcoin will also be available to customers outside the US later this year.
With only 36 percent saying they intend to spend these checks, "it's not clear who will be doing all the sustained, voracious consumption markets now are pricing in." Major stock indices have hit new records two days in a row after Biden signed the stimulus measure into law last week, as investors are betting the rush of funds will spur a rapid recovery of the world's largest economy.(Bloomberg)
With only 36 percent saying they intend to spend these checks, "it's not clear who will be doing all the sustained, voracious consumption markets now are pricing in." Major stock indices have hit new records two days in a row after Biden signed the stimulus measure into law last week, as investors are betting the rush of funds will spur a rapid recovery of the world's largest economy.(Bloomberg)

Biden's 1.9 trillion bill could end up in stocks, bitcoin: Analysts

AFP |
UPDATED ON MAR 16, 2021 11:56 AM IST
About $400 billion in payments will flow directly to households, going to individuals earning less than $75,000 a year or married couples making up to $150,000, as well as their children.
The fortunes of a range of companies are increasingly tied to the cryptocurrency, from listed Bitcoin miners and brokers to firms that have invested in the token.(REUTERS)
The fortunes of a range of companies are increasingly tied to the cryptocurrency, from listed Bitcoin miners and brokers to firms that have invested in the token.(REUTERS)

Bitcoin extends drop after weekend rally to record above $61,000

Bloomberg |
PUBLISHED ON MAR 15, 2021 03:49 PM IST
Bitcoin has climbed more than 1,000% in the past year, pushed higher by signs of increased institutional and corporate interest alongside the usual speculative demand.
The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 will be introduced to create a framework for creation of the official digital currency and ban all other cryptocurrencies in the country.(AFP)
The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 will be introduced to create a framework for creation of the official digital currency and ban all other cryptocurrencies in the country.(AFP)

India to propose cryptocurrency ban, penalising miners, traders: Report

Reuters | , New Delhi/mumbai
UPDATED ON MAR 15, 2021 07:09 AM IST
If the ban becomes law, India would be the first major economy to make holding cryptocurrency illegal.
Over the weekend, Chinese beauty app Meitu Inc. said it invested in Ether and Bitcoin.(Mint file photo)
Over the weekend, Chinese beauty app Meitu Inc. said it invested in Ether and Bitcoin.(Mint file photo)

Bitcoin nears $54,000 level, highest in two weeks as big-money bets flow

Bloomberg |
PUBLISHED ON MAR 09, 2021 11:03 AM IST
Bitcoin is in a “strong position” to reach $75,000, Evercore ISI strategist Rich Ross wrote in a note.
Treasury Secretary Janet Yellen and Microsoft Corp. co-founder Bill Gates were the latest to weigh into a debate over the digital coin. Gates cautioned about how investors can be swept up in manias, while Yellen said Bitcoin is an “extremely inefficient way of conducting transactions.”(REUTERS)
Treasury Secretary Janet Yellen and Microsoft Corp. co-founder Bill Gates were the latest to weigh into a debate over the digital coin. Gates cautioned about how investors can be swept up in manias, while Yellen said Bitcoin is an “extremely inefficient way of conducting transactions.”(REUTERS)

Bitcoin on your balance sheet? Here's what you need to know

Reuters | , London/new York
PUBLISHED ON MAR 08, 2021 12:20 PM IST
Here are some of the key questions over cryptocurrency bookkeeping and tax.
The cryptocurrency has been volatile. Prices plunged 21% last week and have recovered with the broad bounce back in equities.(REUTERS)
The cryptocurrency has been volatile. Prices plunged 21% last week and have recovered with the broad bounce back in equities.(REUTERS)

Bitcoin jumps above $50,000 in recovery from last week’s rout

Bloomberg |
PUBLISHED ON MAR 03, 2021 06:24 PM IST
The digital token climbed 8% to trade around $51,500 in early US trading, reaching the highest level in a week.
Bitcoin trading volumes are around $10 billion daily for the spot and futures market combined, compared with an equivalent figure of $100 billion for gold.(REUTERS)
Bitcoin trading volumes are around $10 billion daily for the spot and futures market combined, compared with an equivalent figure of $100 billion for gold.(REUTERS)

Bitcoin rises after Chinese region declares war on crypto mining

Bloomberg |
PUBLISHED ON MAR 01, 2021 03:46 PM IST
  • Chinese officials first outlined proposals in 2018 to discourage crypto-mining
Only 5% of the executives polled said they planned to hold bitcoin in 2021.(MINT_PRINT)
Only 5% of the executives polled said they planned to hold bitcoin in 2021.(MINT_PRINT)

Bitcoin slumps 6%, heads for worst week since March

Reuters | , London
PUBLISHED ON FEB 26, 2021 04:14 PM IST
The world's biggest cryptocurrency slumped as low as $44,451 before recovering most of its losses.
After counting of votes for six municipal corporations in Gujarat began at 9am, early trends till 11am showed that ongoing farmers protest, fuel price rise are not likely to dent the ruling BJP's vote bank locally.(PTI)
After counting of votes for six municipal corporations in Gujarat began at 9am, early trends till 11am showed that ongoing farmers protest, fuel price rise are not likely to dent the ruling BJP's vote bank locally.(PTI)

News updates from HT: BJP ahead as votes are counted for Gujarat municipal polls

By hindustantimes.com, Hindustan Times, New Delhi
PUBLISHED ON FEB 23, 2021 01:00 PM IST
  • Here are today’s top news, analysis, and opinion. Know all about the latest news and other news updates from Hindustan Times.
Treasury Secretary Janet Yellen and Microsoft Corp. co-founder Bill Gates were the latest to weigh into a debate over the digital coin. Gates cautioned about how investors can be swept up in manias, while Yellen said Bitcoin is an “extremely inefficient way of conducting transactions.”(REUTERS)
Treasury Secretary Janet Yellen and Microsoft Corp. co-founder Bill Gates were the latest to weigh into a debate over the digital coin. Gates cautioned about how investors can be swept up in manias, while Yellen said Bitcoin is an “extremely inefficient way of conducting transactions.”(REUTERS)

Bitcoin tumbles below $50,000 as caution about rally takes hold

Bloomberg |
PUBLISHED ON FEB 23, 2021 12:08 PM IST
The cryptocurrency fell as much as 11% to below $50,000. At one point Monday the digital currency plunged 17% before paring the worst of the slide.
Bitcoin trading volumes are around $10 billion daily for the spot and futures market combined, compared with an equivalent figure of $100 billion for gold.(REUTERS)
Bitcoin trading volumes are around $10 billion daily for the spot and futures market combined, compared with an equivalent figure of $100 billion for gold.(REUTERS)

Bitcoin rally faces potential test from falling market liquidity

Bloomberg |
PUBLISHED ON FEB 22, 2021 12:07 PM IST
Such a backdrop opens up the possibility of sharp moves higher or lower in the cryptocurrency depending on the prevailing ardor for digital assets.
The RBI had issued guidelines about bitcoins many times but recently a revised advisory was issued regarding it on December 5, 2017.(Reuters File Photo)
The RBI had issued guidelines about bitcoins many times but recently a revised advisory was issued regarding it on December 5, 2017.(Reuters File Photo)

Dark web, drugs and bitcoins send Bengaluru police into a tizzy

By Arun Dev , Hindustan Times, Bengaluru
PUBLISHED ON FEB 22, 2021 09:06 AM IST
  • Bengaluru police opened a bitcoin account recently and told the accused to transfer his bitcoin to the account because it had to seize the cryptocurrency.
FILE PHOTO: Representations of virtual currency Bitcoin are placed on U.S. Dollar banknotes in this illustration taken May 26, 2020. REUTERS/Dado Ruvic/Illustration/File Photo(REUTERS)
FILE PHOTO: Representations of virtual currency Bitcoin are placed on U.S. Dollar banknotes in this illustration taken May 26, 2020. REUTERS/Dado Ruvic/Illustration/File Photo(REUTERS)

Bitcoin stocks are possibly the dumbest Bitcoin play

Bloomberg |
PUBLISHED ON FEB 21, 2021 01:37 PM IST
Most companies that supply to or invest in the Bitcoin boom underperform the cryptocurrency itself
Representations of virtual currency Bitcoin are placed on US Dollar banknotes.(REUTERS)
Representations of virtual currency Bitcoin are placed on US Dollar banknotes.(REUTERS)

Bitcoin scales $51,000 for the first time amid crypto fever

Bloomberg |
PUBLISHED ON FEB 17, 2021 04:16 PM IST
The largest cryptocurrency rose almost 6% Wednesday to about $51,431 after a fivefold surge in the past year, according to a composite of prices compiled by Bloomberg. The Bloomberg Galaxy Crypto Index reached a record.
Bitcoin fell as much as 5.6% to $45,914 in Asian trading hours. (Reuters File Photo )
Bitcoin fell as much as 5.6% to $45,914 in Asian trading hours. (Reuters File Photo )

Bitcoin rally falters just short of $50,000 as investors take profit

Reuters | , Singapore
PUBLISHED ON FEB 15, 2021 02:29 PM IST
Bitcoin is up about 20% in the week since electric carmaker Tesla Inc announced it had $1.5 billion in bitcoin and would accept the currency as payment.
In the previous session, gold prices for April had slipped by <span class='webrupee'>₹</span>59 or 0.12 per cent to <span class='webrupee'>₹</span>47,954 per 10 gram.(REUTERS)
In the previous session, gold prices for April had slipped by 59 or 0.12 per cent to 47,954 per 10 gram.(REUTERS)

Gold down by over 9,000 from its 2020 peak

By hindustantimes.com | Edited by Deepali Sharma, Hindustan Times, New Delhi
PUBLISHED ON FEB 12, 2021 12:00 PM IST
The prices of the bullion in the country are down by over 9,000 from its last year's peak of 56,200.
The digital currency first came into existence in 2009 and is totally decentralised with no one central power to administer it.(REUTERS)
The digital currency first came into existence in 2009 and is totally decentralised with no one central power to administer it.(REUTERS)

All you need to know about Tesla, Bitcoin and the cryptocurrency boom

By hindustantimes.com | Edited by Deepali Sharma, Hindustan Times, New Delhi
PUBLISHED ON FEB 09, 2021 12:46 PM IST
One of the most valued companies on the stock market said that it has invested $1.5 billion in bitcoin.
Bitcoin’s ascent to its latest summit came with big swings that continue to stoke controversy about its outlook..(Reuters)
Bitcoin’s ascent to its latest summit came with big swings that continue to stoke controversy about its outlook..(Reuters)

Bitcoin tops $47,000 for first time after Tesla purchase

Bloomberg |
PUBLISHED ON FEB 09, 2021 10:05 AM IST
The token rose as much as 6.3% to almost $47,493 in Asian trading before paring some of the gains.
FILE PHOTO: A representation of virtual currency Bitcoin is seen in front of a stock graph in this illustration taken January 8, 2021. REUTERS/Dado Ruvic/File Photo(REUTERS)
FILE PHOTO: A representation of virtual currency Bitcoin is seen in front of a stock graph in this illustration taken January 8, 2021. REUTERS/Dado Ruvic/File Photo(REUTERS)

Bitcoin rally takes crypto market value to another record

Bloomberg |
PUBLISHED ON FEB 06, 2021 10:09 AM IST
The largest cryptocurrency rose as much as 4.3% to $39,499 on Saturday, taking it closer to early January’s record of almost $42,000.
"I think bitcoin is on the verge of getting broad acceptance by conventional finance people," Elon Musk said, adding he should have bought it eight years ago. (Reuters File Photo )
"I think bitcoin is on the verge of getting broad acceptance by conventional finance people," Elon Musk said, adding he should have bought it eight years ago. (Reuters File Photo )

Elon Musk says bitcoin 'on the verge' of being more widely accepted

Reuters | , San Francisco
PUBLISHED ON FEB 01, 2021 02:31 PM IST
  • The comments come after the Tesla Inc CEO's use of a "#bitcoin" tag on his Twitter profile page led to a 14% jump in the cryptocurrency on Friday. "I am a supporter of bitcoin," Elon Musk said during his debut on the invitation-only social media app Clubhouse.
Representations of virtual currency bitcoin(Reuters)
Representations of virtual currency bitcoin(Reuters)

Rally in bitcoin sparked by Elon Musk has almost evaporated

Bloomberg |
PUBLISHED ON FEB 01, 2021 11:33 AM IST
Cryptocurrencies have been buffeted recently by volatile retail-investor demand shaped online in Twitter feeds and Reddit forums. Dogecoin -- a Shiba Inu-themed digital coin that started as a joke -- rallied into the top 10 cryptocurrencies by market value last week before plunging over the weekend.
Bitcoin is the world’s most popular cryptocurrency, it has a convertible value, which has been witnessing record highs the past few months.(Unsplash)
Bitcoin is the world’s most popular cryptocurrency, it has a convertible value, which has been witnessing record highs the past few months.(Unsplash)

Govt to introduce bill for banning cryptocurrencies. All you need to know.

By hindustantimes.com | Edited by Ayshee Bhaduri, Hindustan Times, New Delhi
PUBLISHED ON JAN 30, 2021 05:20 PM IST
  • The Regulation of Official Digital Currency Bill, 2021, which is scheduled to be tabled at the upcoming Union Budget session, aims “to create a facilitative framework for the creation of the official digital currency” and “prohibit all private cryptocurrencies in India”.
On Friday, Bitcoin rallied above $35,000, with brokers attributing the move to Elon Musk mentioning the cryptocurrency in his bio page on Twitter(REUTERS)
On Friday, Bitcoin rallied above $35,000, with brokers attributing the move to Elon Musk mentioning the cryptocurrency in his bio page on Twitter(REUTERS)

Bitcoin investors may lose everything, European Central Bank warns

Bloomberg |
PUBLISHED ON JAN 29, 2021 05:03 PM IST
  • Gabriel Makhlouf’s comments echo skepticism from ECB leaders. The cryptocurrency is a “highly speculative asset,” President Christine Lagarde said this month. Bitcoin prices have more than doubled since November and topped $40,000 earlier this month.
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