Bitcoin was far and away the best-performing asset class in 2024 as new exchange-traded funds ushered in more widespread adoption and hopes for deregulation under a new presidential administration lifted digital assets to record levels. But owning cryptocurrency also came with its usual unpredictability and dizzying swings, as this month’s trading clearly illustrates. Bitcoin has […]
Representations of cryptocurrency Bitcoin are seen in this illustration taken Nov. 25, 2024. Dado Ruvic | Reuters After a blistering rally in bitcoin this year, crypto investors and industry executives told CNBC they’re expecting the flagship cryptocurrency to hit new all-time highs in 2025. In December, the world’s largest cryptocurrency broke the highly anticipated $100,000, […]
A visual representation of the digital Cryptocurrency, Bitcoin, displayed on December 23, 2017 in Paris, France. Chesnot | Getty Images LONDON — Britain is making a fresh pitch to become a global crypto hub, but faces a tough road ahead amid criticism from local entrepreneurs and U.S. competition under President-elect Donald Trump. Britain’s Labour government has […]
“Make Bitcoin Great Again” hats displayed for sale at the Bitcoin 2024 conference in Nashville, Tennessee, July 27, 2024. Bloomberg | Bloomberg | Getty Images The price of bitcoin is tracking for one of its best months of the year after former President Donald Trump’s election victory catapulted the flagship cryptocurrency to new records consistently […]
Bitcoin on Wednesday climbed back above $95,000, recovering slightly from a pullback this week that knocked it from record levels. The price of the flagship cryptocurrency was last higher by 5% at $95,886.00, according to Coin Metrics, while ether jumped more than 7% to $3,555.82. The broader crypto market, as measured by the CoinDesk 20 […]
CNBC’s Jim Cramer on Tuesday defended his stance on cryptocurrency, saying he endorses owning some as a hedge against government spending and a ballooning deficit, as “national debt worries are never going to go away.” “I’ve liked crypto for a very long time, mostly because I know there’s a huge constituency of investors who want […]
Bitcoin cryptocurrency is displayed in Ankara, Turkey, on Nov. 23, 2024. Anadolu | Anadolu | Getty Images The price of bitcoin retreated further from the psychologically important $100,000 milestone, as investors booked profits from the cryptocurrency’s post-U.S. election gains. The largest cryptocurrency by market capitalization was last lower by more than 4% at $90,999.30, according […]
Monitors display Coinbase signage during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, on Wednesday, April 14, 2021. Michael Nagle | Bloomberg | Getty Images Coinbase Wednesday reported weaker-than-expected third-quarter results, weighed down by muted trading in the cryptocurrency market. While trading is likely to be more lively in the […]
Marquee at the main entrance to BlackRock headquarters building in Manhattan. Erik Mcgregor | Lightrocket | Getty Images SALT LAKE CITY — A year ago, Samara Cohen believed there was so much pent-up demand for bitcoin that she and her team at BlackRock launched one of the first-ever spot bitcoin exchange-traded products in the U.S. […]
