Browsing: cryptocurrency

Bitcoin raced to an all-time peak above $72,000 Monday as the world’s most popular cryptocurrency won further support on greater trading accessibility and dollar weakness.

Bitcoin touched a record high on Tuesday, fueled by investors pouring money into US spot exchange-traded crypto products and the prospect that global interest rates may fall.

Bitcoin, which has just hit a record price of $69,000, is the most famous cryptocurrency, but remains shrouded in mystery and controversy.

It will stop supporting withdrawals after Friday and any remaining balances in Nigerian Naira will be automatically converted into Tether

Dollar steady versus euro ahead of ECB and US data, bitcoin in spotlight

LONDON – Investors poured the most cash into technology stocks since August in the week to Wednesday and doubled the amount they put into cryptocurrencies, according to a report on Friday from Bank of America Global Research.

The cryptocurrency gained more than $3,000 in price in less than 24 hours, an increase of more than 40% over a month

The token rose as far as $57,036 in early Asian trading, its highest level since November 2021, having recovered from a tumble below $40,000 in the initial days following the opening of US-based spot Bitcoin exchange-traded funds (ETFs) in early January. Later in the day, it pulled back slightly to trade at $56,325 as of 08:30 GMT, still up more than 9% over the past 24 hours.

The authorities believe such platforms have engaged in currency speculation that has led to a devaluation of the country’s national currency

Binance Holdings Ltd (BHL), the world’s biggest cryptocurrency exchange, is to pay $4.3 billion for violations of anti-money laundering and sanctions laws in a settlement approved by a US judge on Friday.