Bitcoin rises 6% as risk assets rally; Citi says at a “tipping point”

LONDON: Bitcoin rose nearly 6% on Monday as risk assets rallied after last week’s bond rout cooled, and Citi said the most popular cryptocurrency was at a “tipping point” and could become the preferred currency for international trade. With the recent embrace of the likes of Tesla Inc and Mastercard Inc, Bitcoin could be at […]

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

Bitcoin slid Tuesday after a bout of volatility highlighted lingering doubts about the durability of the token’s mesmerizing rally. 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. It’s still up some 400% in the past year, a […]

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Tweet Buster: Can Bitcoin replace gold? And how to live with high PE

NEW DELHI: As the stock market turned lacklustre last week amid a spike in bond yields and the firming up of the Dollar Index, Bitcoin hogged limelight after its market value surged to more than $1 trillion for the first time. Those looking for diversification of portfolio for hedging purposes are showing preference for cryptocurrencies […]

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Bitcoin jumps to all-time high as cryptocurrency fever continues

Bitcoin jumped again on Wednesday to set another all-time high after breaching $50,000 for the first time a day earlier. The largest cryptocurrency rose as much as 4.8% to about $50,927, according to a composite of prices compiled by Bloomberg. The token is up more than fivefold in the past year. Bitcoin’s rally for some […]

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