Tag: cryptocurrency

December 7, 2017

Wall Street banks have raised objections to the introduction of bitcoin futures trading, highlighting fears that the financial system can’t cope with the cryptocurrency’s volatile price swings. Bitcoin has rocketed higher Thursday, crossing the $15,000 mark less than 48 hours […]

November 17, 2017

Bitcoin hit a new record high Friday, coming within touching distance of the $8,000 handle. The cryptocurrency was trading at $7,998.40 in the early hours, U.K. time, according to industry website CoinDesk. Bitcoin did pare some of those gains, however, […]

August 10, 2017

Two traders are unfazed by bitcoin’s meteoric surge and say that between the cryptocurrency and gold, you’re better off trading the yellow metal. Bitcoin has jumped 240 percent this year to a high of $3,288 on Wednesday, while gold was trading at $1,280. […]

May 2, 2017

Bitcoin leaped to a fresh record high Monday, spurred by a jump in global trading activity. The digital currency briefly surged 5.5 percent to hit a high of $1,422.22 and was last near $1,415, according to CoinDesk. Alex Sunnarborg, a […]

March 24, 2017

Bitcoin is back below $1,000. Aggressive selling on Friday has the cryptocurrency down 4.1% at $987 a coin as traders remain uneasy over its near-term outlook. Traders continue to grapple with a number of headwinds. The future of bitcoin was called […]

February 1, 2017

Bitcoin is busting out of its range that had been in place for the middle part of January. The cryptocurrency spent the past two weeks trapped at the $880 to $920 resistance level but has finally broken through. Bitcoin rallied […]

January 12, 2017

Early selling pushed bitcoin down nearly 5% to a low of $752.46 per coin. The cryptocurrency has recovered a portion of its losses and is lower by more than 2% at $772 per coin as of 7:48 a.m. ET. Thursday’s […]

May 5, 2016

It is “overwhelmingly likely” that the financial industry will adopt uses for the technology underpinning bitcoin, former Treasury SecretaryLarry Summers said. “I’m reasonably confident … that the blockchain will change a great deal of financial practice and exchange,” he said […]