Bitcoin seems to stabilize
Digest more
Trump, Bitcoin
Digest more
Shares of Strategy ($MSTR) plunged today, dipping more than 8% as Bitcoin traded at new one-year lows. Shares of Strategy plunged today, dipping more than 8% in trading as Bitcoin traded at new one-year lows and crypto risk assets came under renewed pressure.
Bitcoin has pushed deeper into bear market territory amid its latest sell-off, with the crypto down 37% from its October all-time high.
The bitcoin price has plummeted under the closely-watched $80,000 per bitcoin level, sparking fears that a full-blown bitcoin and crypto crash could be looming.
The price of bitcoin fell about 10% over the past week.
This firm is also a major gold holder.
Gold added $1.6 trillion in one day while bitcoin fell to 2026 lows. It's a story about who's buying what – and central banks aren't in bitcoin yet.
A new year hasn’t marked a turn in the price of Bitcoin (CRYPTO:BTC) and other cryptocurrencies. While there’s plenty to be concerned about as Bitcoin prices take a few steps lower following the bloodbath witnessed in the precious metal markets (gold and silver imploded last Friday in a vicious fashion),
“When interest rates increase, fixed-income assets lose value, and investors, knowing that interest rates are easier to predict and may continue to increase, instead of holding a ‘fixed-income’ asset that will lose value in the short term, they cut losses and invest in riskier assets, like Bitcoin,” he said in a recent analysis.
The ARK 21Shares Bitcoin ETF makes it easy to access that digital currency, but investors should evaluate the fund's pros and cons.
Last weekend, crypto investors globally saw the market nosedive to all-time lows. Bitcoin plunged to the 70's zone, dropping close to $74,000, about 40% drop from its all time highs. At press time, it was trading at $78,244.45