Tag: bitcoin price
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Tesla’s bitcoin holdings grew to $2.5 billion in the 1st quarter, SEC filings show
Tesla and its Manager Elon Musk have been key drivers of bitcoin-mania NurPhoto/Getty Images Tesla's bitcoin holdings were worth $2.48 billion at the end of the year, SEC filings show.The electrical vehicle manufacturer originally purchased $1.5 billion of bitcoin in January and now takes the cryptocurrency for a kind of payment because of its products.Tesla…
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Bitcoin investors should be more aware of its history of bubbles and price crashes, a crypto entrepreneur explains
Bobby Lee said the history of bitcoin was among bubbles bursting and growing again Dado Ruvic/Reuters Bitcoin investors need to be aware of the strength 's history of large booms and busts, Bobby Lee said.The crypto exchange creator said bitcoin is likely to shoot up further but then crash dramatically.Yet Lee said he’s optimistic about…
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Bitcoin may be entering the later stage of a bull market, crypto analysts say, as talk of a price plunge grows
Bitcoin has soared more than 700% in a year Dado Ruvic/Getty Images Bitcoin conditions are "similar to the second half or later stages of a bull market," crypto analysts said.Glassnode's report pointed to signs of long-term holders spending coins and a reduction in big wallets.Talk of a bitcoin price plunge has grown, with a crypto…
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Global funds giant Fidelity joins the race for the first US bitcoin ETF
The race for the first US bitcoin ETF is heating up Dado Ruvic/Reuters Fidelity, the $4 trillion funds giant, applied to list a bitcoin ETF called the Wise Origin Bitcoin Trust.The ETF would track the price of bitcoin using data from exchanges including Bitstamp and Coinbase.The race for the first US bitcoin ETF is heating…
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Huge outflows cause Grayscale Bitcoin Trust to sink to first discount to bitcoin since 2017
The Grayscale Bitcoin Trust has fallen sharply Together with the cryptocurrency itself SOPA Images/Getty Images The Grayscale Bitcoin Trust plunged this week, with investors withdrawing money at the fastest rate in nearly a year.It closed in a 3.77% reduction on Thursday, a sharp reversal after trading in a hefty premium to bitcoin.The bitcoin price itself…
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Legendary investor Bill Miller has set up his flagship fund to buy into Grayscale Bitcoin Trust
Bill Miller. Heidi Gutman/CNBC/NBCU Photo Bank/NBCUniversal/Getty Images Famous investor and noted bitcoin bull, Bill Miller, is currently permitting his flagship fund to buy into bitcoin via the Grayscale Bitcoin Trust. Miller’s $2.7 billion finance, the Miller Opportunity Trust, is in the upper 2 percent of all funds in terms of performance within the last five…
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US stocks edge towards new records after jobless claims fall more than expected
Getty Images / Xinhua News Agency US stocks gained slightly on Thursday after falling jobless claims offered an encouraging sign of labor-market improvement.New weekly claims for unemployment insurance totaled an unadjusted 712,000 for the week that ended Saturday. Economists surveyed by Bloomberg expected a reading of 775,000.The mild uptick puts the S&P 500 at the brink…
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Crypto Markets Recover With Bitcoin Breaking $5,300, Gold and Oil Prices Rise
All but one top 20 coins by market cap are in green, with litecoin seeing the profits of around 7 percent. Tuesday, April 30 — following another decline yesterday, crypto markets again reversed to obtain momentum upward, with all but one top 20 coins by market cap in the green. Having skyrocketed more than 18%…