Bitcoin’s Moment
Bitcoin’s climb past the $100,000 mark is a watershed moment in the evolution of crypto-currencies, symbolising their growing acceptance as a legitimate asset class.
Bitcoin’s climb past the $100,000 mark is a watershed moment in the evolution of crypto-currencies, symbolising their growing acceptance as a legitimate asset class.
Christopher Wood, global head of equity strategy at Jefferies, plans to book profit in bitcoin once it hits the USD 1,50,000 mark, up nearly 53% from the current levels of USD 98,300 levels.
After a row erupted over an alleged "bitcoin scam" linked to the Maharashtra Assembly elections, BJP leader Vinod Tawde said that the Election Commission of India (ECI) should also take immediate action against the Maha Vikas Aghadi (MVA) leaders Supriya Sule and Nana Patole "on the basis of viral audio and chat."
On Monday, as of 10:21 a.m. in London, Bitcoin extended gains to hit an unprecedented $82,300 while on Sunday, the largest token climbed as much as 6.1%.
About 85 per cent of the world’s cryptocurrencies are worth less than one cent, according to a report on Monday.
Also, reportedly, the Grayscale Investments, a leading crypto asset manager, is in talks with major financial institutions like JPMorgan and Goldman Sachs about their potential roles in Grayscale’s proposed Bitcoin ETF.
Bitcoin experienced a significant rally, registering a staggering 152 per cent growth for the year in 2023.
The world's biggest cryptocurrency Bitcoin touched a 19-month high above $42,000 which was triggered by some "panic buying", reports said on Tuesday.
Mining cryptocurrencies can have major environmental impacts on climate, water, and land, according to new research by United Nations scientists.
The spike follows Sunday’s slight increase in Bitcoin’s price by 0.10% to $26,900. After the SEC’s approval of Grayscale’s bitcoin ETF, announced on Friday night, the cryptocurrency community looked excited.
