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Bitcoin Falls More Than 4%, Nearing $60,000 In A Day
Bitcoin, the world's biggest and best-known cryptocurrency, reportedly fell to more than 4 percent on November 16. According to reports, the cryptocurrency was seen at an all-time high for a week nearing $69,000. Ether, the second-largest cryptocurrency was also reported to be down by 4.5 percent at $4,355.4. Analysts have said that the downfall is caused by profit-taking after the sharp run-up.
Tags: Bitcoin, Ether, Cryptocurrencies, net profit, cryptocurrency polygon
Courtesy: Reuters
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Bitcoin, Ether Prices Up 3%; Continue To Be In Green
Bitcoin and Ether reached fresh highs in two months, after uncertainty over cryptocurrency rules in the United States. The prices of Bitcoin soared as much as 3.1% to $45,328, while Ether increased as much as 3.5% to $3,191. "Concerns about China’s crackdown and Elon Musk-fueled questions about Bitcoin’s energy usage", as per reports. However, experts believe that the fluctuations in the crypto market may prolong.
Tags: Bitcoin, Ether, Increase, Cryptocurrency
Courtesy: Bloomberg
Photo: Bloomberg.com
China Government Toughens Stances Against Cryptocurrency
China's crackdown on cryptocurrency tightened as the Central bank of China urged banks and payment firms to crack down harder on cryptocurrency trade on June 21. People's Bank of China urged the payment firms and banks to thoroughly check their client's accounts in order to identify the ones engaged in cryptocurrency trade and cut off their payment channels. Currently, bitcoin is at a two-week low and ether a five-week low.
Tags: Cryptocurrency, China, Bitcoins, Ether
Courtesy: The Times of India
Photo: Knoxville News
Elon Musk's Tweet On Bitcoin Costs Him $15 Bn, Loses Top Billionaire Spot
Tesla CEO Elon Musk on February 22 slipped again from the wealthiest position after losing $15.2 billion from his wealth. The financial blow took place after Musk's tweet that read prices of Bitcoin and its rival Ether "do seem high", causing a 8.6% dip in Tesla's share. Just two weeks ago, the company had announced to have invested $1.5 billion in Bitcoin for future transactions . Meanwhile, Amazon's Jeff Bezos topped the Bloomberg… read-more
Tags: Elon Musk, Tesla Inc., Cryptocurrency, Bitcoin, Ether
Courtesy: The Economic Times
