Bitcoin's drop of around 10% in the last 24 hours was dwarfed by ethereum and smaller, top ten cryptocurrencies that crashed back by between 15% and
Part of the sell-off was catalyzed by Wednesday’s news that the Federal Reserve would not hold bitcoin in its reserve, prompting the world’s largest cryptocurrency to dip by 7
President-elect Donald Trump has expressed interest in building up a stockpile of bitcoin. What would that mean for taxpayers?
Bitcoin prices climbed to an all-new high during the week through Friday, December 20, as multiple developments, including some notable government announcements,
As the Federal Reserve's rate cut and revised inflation outlook send bitcoin tumbling below $100K, the cryptocurrency market faces widespread sell-offs. Simultaneously, groundbreaking athlete endorsements,
Bitcoin's price dipped Wednesday after Federal Reserve Chairman Jerome Powell said the central bank is not looking to hold the cryptocurrency.
Federal Reserve Chair Jerome Powell has ruled out the possibility of the central bank adding Bitcoin to its balance sheet, citing legal restrictions under the Federal Reserve Act. Powell addressed the issue during a Dec. 19 press conference, emphasizing that the Fed is not pursuing any legislative changes to alter this position.
Some may have seen Powell's comments as handing the market a lump of coal for Christmas. But the Fed's new projections should not have been surprising.
President-elect Donald Trump has been promoting the idea of creating a ‘Strategic National Bitcoin Stockpile,’ but the purpose of such an institution remains unclear.
Bitcoin, riding record highs following Donald Trump's embrace of the digital cryptocurrency, came back down to earth after Federal Reserve Chairman Jerome Powell said the central bank is not looking to hold it.
The price of bitcoin has tumbled about 12% from a record high reached earlier this week. After topping $108,000 for the first time on Tuesday, the world’s largest cryptocurrency dropped to a price below $93,000 in early trading on Friday. Bitcoin soon recovered some of those losses, settling around $95,000 at 9:30 a.m. ET.
Bitcoin dropped after Federal Reserve Chair Jerome Powell said the central bank would cut interest rates at a slower pace in the new year.