The price of bitcoin and several cryptocurrencies has plunged by over 7 per cent in the last few hours amid fears of the new coronavirus variant shaking traditional markets.BTC is down by about 7 per cent in just the last four to five hours and continues to nosedive, while Ethereum (ETH), Solana (SOL), Dogecoin (doge),…
Large holders of bitcoin are stocking up on the cryptocurrency, according to the latest data, leading some analysts to speculate that another major price rally is imminent.So-called bitcoin whales – crypto wallets with at least $50 million worth of cryptocurrency – have increased their holdings throughout June, July and August.The last time such large-scale accumulation…
The price of bitcoin has crashed once again over the weekend, leading a market-wide nosedive that shows no signs of slowing down on Monday morning.Nearly $200 billion was wiped from the cryptocurrency market since Sunday, adding to a further $200bn in losses over the last week. Bitcoin was back below $33,000 at the start of…
Bitcoin – as well as dogecoin and other cryptocurrencies – have dropped in value in the wake of a critical tweet from Elon Musk.The Tesla chief executive said that his company would no longer be taking bitcoin as payment for cars, leading its price to tumble and taking other major currencies with it.Mr Musk said that the…
Bitcoin has bounced back from a monthly low this week, with its price reaching above $32,000 on Thursday after once again testing the key $29k support level on Tuesday.The latest recovery was boosted by comments from Elon Musk that SpaceX has also invested in bitcoin, while his personal holdings also include Ethereum (ether) and dogecoin.Analysts…
Bitcoin rose to a three-month high on Monday following a price surge that built on impressive gains over the last few weeks.The cryptocurrency reached $46,637 on Monday, according to CoinMarketCap’s price index, before falling back below $46,000 on Tuesday morning – still up by more than 50 per cent up since crashing below $30,000 in…
Bitcoin has overtaken the Swiss Franc to become the world’s 13th largest currency by market cap.The cryptocurrency, which became legal tender in El Salvador last month, overtook Switzerland’s currency after a remarkable surge this week took its price to a new all-time high above $66,000.Follow The Independent’s live coverage of bitcoin and the crypto marketBitcoin’s…
Bitcoin could quintuple in price over the next five years, according to a senior figure at a leading hedge fund.Mark Yusko, chief investment officer of the hedge fund Morgan Creek Capital Management predicted that bitcoin would continue its current trajectory, which has already seen it rise in value by more than five-times over the last…
Bitcoin has bounced back from a monthly low on Tuesday, with its price returning above $30,000 on Wednesday after once again testing the key $29k support level.The cryptocurrency started the week at the lower end of that range, spending the weekend bouncing between $31k-$32k, before crashing below $30k on Tuesday morning.It has contributed to a…
Norton antivirus will now let its users turn their computers into crypto miners.The feature will sit alongside the more traditional tools – like those that aim to keep malware off a computer – and instead allow users to instruct their computer to put itself to work creating new cryptocurrency.Crypto miners undertake complex and largely pointless…