Bitcoin price: Bitcoin tops $70,000 again after slumping on US ETF outflows

New York: Bitcoin enthusiasts appear to be shrugging off last week’s outflows from US exchange-traded funds, with the largest cryptocurrency briefly climbing back above $70,000 again. Most digital assets were higher Monday, with Bitcoin gaining as much as 5.8% to $70,014. That’s the first time the token has been above $70,000 in more than a … Read more

Bitcoin jumps 7%, retakes $70,000 to start the week

Nicolas Economou | Nurphoto | Getty Images Bitcoin spiked to start the final week of March, reclaiming the $70,000 level. The price of the flagship cryptocurrency was last higher by 7.8% at $70,995.48, according to Coin Metrics. It briefly rose to $71,239.31 in late afternoon trading as the stock market closed. Ether jumped 7.4% to … Read more

FTX estate sells majority stake in startup Anthropic for $884 million

In this photo illustration, Anthropic logo is seen on a smartphone screen. Pavlo Gonchar | SOPA Images | Lightrocket | Getty Images Bankrupt crypto exchange FTX has struck a deal with a consortium of buyers to sell the majority of its stake in artificial intelligence startup Anthropic for $884 million, according to a filing submitted … Read more

Inside Austin’s bitcoin underground

AUSTIN — There is a sort of clubhouse for Austin’s bitcoin believers on the second floor of the Littlefield Building at the corner of Congress Avenue and Sixth Street. The hideaway is at the crossroads of two worlds — the majestic thoroughfare that leads to the Texas State Capitol and the iconic, albeit notorious, stretch … Read more

Isn’t Bitcoin better than Argentinian peso, wonders Uday Kotak

Amid reports that people in Argentina are buying Bitcoin to protect themselves from inflation, billionaire banker Uday Kotak today wondered whether the cryptocurrency is better than the Argentinian peso with 276% inflation. “When countries manage macro badly, savers move to protect the value of their savings. Traditionally it was gold. Now bitcoin too! While I … Read more

Bitcoin (BTC) price falls as cryptocurrencies lose $400 billion value

Bitcoin slid further on Wednesday, briefly dipping below the $61,000 mark after, continuing a sell-off that began after the cryptocurrency hit an all-time high last week. At around 03:38 a.m. ET, bitcoin had bounced back to trade just over $62,900, down around 2.5% from 24 hours prior, according to CoinDesk data. Bitcoin has had a … Read more

MicroStrategy, largest corporate holder of bitcoin, drops as much as 18%

CostFoto | Nurphoto | Getty Images Shares of MicroStrategy tumbled on Tuesday alongside the price of bitcoin, as the company bought even more of the cryptocurrency. The stock was last lower by 12%. Earlier, it fell as much as 18%. The move came as MicroStrategy bought an additional 9,245 bitcoins for about $623 million, according … Read more

Bitcoin briefly slumps below $63,000 after hitting $73,000 last week

Bitcoin extended its slide on Tuesday, dropping more than $10,000 from its all-time high last week. The flagship cryptocurrency was last lower by 6% at $62,918.35, according to Coin Metrics. Last week it climbed to a record $73,679. The move helped drag other cryptocurrencies lower. Ether lost more than 5% and was recently trading at … Read more

Japan government pension fund explores bitcoin as investment

A man walks past a poster that informs customers that bitcoin can be used in this shop in Tokyo on January 06, 2018.  Toru Yamanaka | Afp | Getty Images Japan’s government pension fund on Tuesday said it is requesting information on “illiquidity assets” such as bitcoin, as part of research into potential new investments. … Read more

Binance: Binance CEO sees Bitcoin topping $80,000

Bitcoin is set to continue its record-breaking rally and rise above $80,000 as institutional investors pour more money into the crypto-backed exchange-traded funds, according to Binance chief executive officer Richard Teng. The launch of Bitcoin ETF in the US earlier this year has attracted institutional investors and new fund flows, Teng said at an event … Read more