262 days ago
Bitcoin jumped over the last few days in light of tumbling US Treasury yields and uncertainty in the banking sector. It has now advanced by 60% this year alone. All eyes will be on the Fed next week, which could add volatility to Treasury yields and in turn Bitcoin.
364 days ago
This afternoon, the biggest cryptocurrency in the world is reaching a three-week high, trading above USD17'270. Prices gained for a second straight day prior to today's action, and the trend is now decisively optimistic.
385 days ago
Cryptocurrencies and related stocks are rebounding on news that Binance is launching a recourse fund to limit the damage caused by the bankruptcy of rival FTX. BTC is up 2.6% and ETH 1.9% as of 3pm Swiss time.
388 days ago
As Sam Bankman-Fried quit FTX and filed the company bankruptcy, the crypto market suffered more selling pressure, as investors anticipate liquidation and crypto withdrawals could weigh on prices for longer. Bitcoin alone the largest crypto is down 4.62% in the past 24 hours and down 21.31% in the past 7 days. FTX Token the crypto which is directly tied with the company is down 22% in the past day, and the token is worth just $2.8, from a peak of $80 a year ago.
391 days ago
Bitcoin fell to as low as USD17'484, the lowest level since Nov. 2020, after Binance, the world's largest crypto exchange, said it had signed a letter of intent to acquire the non-US assets of rival FTX, which faces a "significant liquidity crunch." Many crypto-related stocks such as Robinhood, Silvergate, and Coinbase fell as investor confidence in crypto took a hit.
