Bitcoin has struggled since hitting a high near $69,000 in November
All major groups in the S&P 500 retreated with losses in megacaps like Tesla and Apple weighing heavily on trading
Bitcoin is more likely to tumble to $10,000, cutting its value roughly in half, than it is to rally back to $30,000
Assets under management for crypto investment products in June reached a record low
Bitcoin has been sinking along with riskier assets in recent months
It appears to have found support around its 200-week moving average, which currently sits near $1,200
The Subdial50 index, which tracks global market prices for the 50 most traded luxury watches by value, has declined about 6 per cent in the past 30 days
The company plans to lay off roughly 1200 employees, ending the current quarter with about 5,000 employees
The transactions were stuck because they were submitted to the exchange with low transaction fees
The world’s largest digital token tumbled as much as 6.4 per cent to $25,593, its lowest level since May 12
Bitcoin has been strongly correlated with risk assets for much of the past couple years
Bitcoin and the rest of the cryptocurrency complex has struggled in recent months as the Federal Reserve hikes interest rates
Cryptocurrencies have struggled as the Federal Reserve and other central banks hike rates
Bitcoin is trading above $30,000 on Tuesday as it recovers from a sharp decline in the past three weeks
Bitcoin is holding up relatively well compared with some of its peers
Bitcoin has struggled in recent weeks as the Federal Reserve hikes interest rates and inflation remains high
The turmoil is a good time for investors to rebalance their portfolios
Gucci, owned by Kering SA, will initially accept 10 cryptocurrencies including Bitcoin, Bitcoin Cash, Ether, Dogecoin and Shiba Inu
Crypto assets have all been weighed down as the Federal Reserve and other global central banks raise interest rates
Bitcoin has been struggling along with risk assets in recent months
Bitcoin miners had been flocking to Texas for its low electricity prices and liberal regulations on crypto mining
Demand for call options that give the right to buy the cryptocurrency in the future has climbed this month as Bitcoin’s spot price rallied
The coin has added 15 per cent over the past week
Bitcoin is well above its 50-day moving average, which currently sits around $41,085
Bitcoin had spent the past few days mired in the tightest trading range since October 2020
Customers will be able to complete online transactions by paying in Bitcoin, Ethereum and over 35 altcoins directly through Stella Stays’ website
The UAE has been one of the most welcoming regions to establish cryptocurrency trading agencies and other cryptocurrency verticals
Investors may have more visibility around cryptocurrencies in the years ahead, notes Bloomberg Opinion columnist Nir Kaissar
Adam Farthing, chief risk officer for Japan at crypto trading firm B2C2, said Bitcoin could “de-link from risk”
The largest cryptocurrency dropped as low as $36,831 on Tuesday morning