Bitcoin

2 Bitcoin Stocks I’d Buy Right Now

I suggested that Bitcoin (CRYPTO:BTC) was a worthwhile buy two months ago, as long as you were prepared for some uncomfortable volatility. The leading cryptocurrency is 23% cheaper today, and it still strikes me as a reasonable investment, with the usual reminders to back up the truck very slowly and always be prepared for more volatility.

Maybe you’re not quite ready to take the Bitcoin plunge. Still, you’re interested in the cryptocurrency market and curious enough to dip your toes into the waters through more-traditional investment tools. Here are a couple of high-quality stocks with significant ties to Bitcoin.

These

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Bitcoin (BTC) falls below $30,000 as cryptocurrency market plunges

A representations of virtual currency Bitcoin is seen in front of a stock graph in this illustration taken May 19, 2021.

Dado Ruvic | Reuters

The price of bitcoin dropped below $30,000 late Monday night for the first time since Jun. 22, dragging other digital coins lower with it.

Bitcoin is trading in the $29,000 range, about 3% lower on the day, according to Coin Metrics. Ether is down 1.25% and XRP fell 4%. Even with the plunge bitcoin is up 2.3% for the year, according to CoinDesk data. Ether and XRP are both up about 140% for the year.

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Square bitcoin DeFi business; Elon Musk dogecoin tweets

The top cryptocurrencies by market value, including bitcoin and ether, remain in the red on Monday, extending losses from the past week. Dogecoin is also down over 18% in the last seven days.

But a lot is still happening in the crypto world. From Jack Dorsey announcing that Square is building a bitcoin focused decentralized finance business to Elon Musk continuing to tweet about dogecoin, here are six things worth knowing in crypto from the past week.

1. Federal Reserve chairman Jerome Powell calls for more stablecoin regulation

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Bitcoin price falls 6% as cryptocurrencies slide

Bitcoin was trading lower by more than 6% on Thursday morning.

The price was around $32,920 per coin, while rivals Ethereum and Dogecoin were trading around $2,200 and 21 cents per coin, respectively, according to Coindesk.

The Securities and Exchange Commission wants more time to review SkyBridge Capital’s application for a bitcoin exchange-traded fund, according to a filing by the U.S. regulatory agency and reported by Coindesk.

The SEC has extended the initial 45-day review period to Aug. 25. Anthony Scarammuci’s SkyBridge Capital

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Why Bitcoin, Dogecoin, and Ethereum Just Crashed

What happened

It’s Thursday, and cryptocurrencies are crashing. As of 10 a.m. EDT, the prices of several of the biggest names in cryptocurrency are tumbling:

Image source: Getty Images.

So what

Why is that? Well, the most obvious answer appears to be government regulation.

In the United Kingdom for example, regulators at the Financial Conduct Authority have ordered Binance, the world’s largest crypto exchange by trading volume, to post a notice on its website advising that “it is not authorized to operate in the U.K.,” reports CNBC today. The news agency further notes that “customers were temporarily unable to make

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Bitcoin Price Stabilizes, Nasdaq Hits All-Time High

Individual investors’ exuberance about the stock market isn’t expected to slow any time soon.

Households are expected to buy $400 billion of U.S. equities on a net basis this year, strategists at Goldman Sachs said in a recent note, a level that would trounce the $367 billion the group purchased in 2020.

“High cash balances and continued retail participation in equity markets should bolster household equity demand,” Chief U.S. Equity Strategist David J. Kostin and a team of analysts said in a note published Friday. “The tradeoff households face between equities and other asset classes favors equities through year-end given

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Bitcoin mining company Whinstone finds a welcome in Rockdale, Texas

How much the crypto explosion has helped Rockdale’s economy is open to debate. For 50 years, Rockdale, with a population of about 5,600, was a company town, with hundreds of jobs at Alcoa’s nearby coal mine and aluminum smelter. Its economic success even earned it the nickname “The Town Where It Rains Money” in a 1952 article by the Saturday Evening Post. But in 2008, Alcoa closed the mine and smelter, eliminating 1,200 jobs, and in 2018 the firm’s power plant was shut down, adding to those job losses.

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bitcoin price today: Top Cryptocurrency Prices Today: Bitcoin, Binance Coin up; Dogecoin surges 25%

New Delhi: Major cryptocurrencies were trading higher on Friday. Eight out of the top 10 digital tokens were trading with solid gains at 9.30 hours IST, led by Dogecoin which gained as much as 25 per cent.

The heads of some of the world’s biggest cryptocurrency exchanges say Bitcoin miners are shifting operations out of China as authorities intensify their crackdown on the space.

China’s moves had injected uncertainty into the cryptocurrency market and helped pull Bitcoin down to the lower end of its recent trading range, with the coin briefly falling below $30,000 this week after having reached nearly

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Stocks drift, Bitcoin prices tumble on regulatory concerns in China

Stocks extended gains on Tuesday, with equities steadying following concerns over the path forward for monetary policy. 

The S&P 500 advanced to end within striking distance of a record high. The Dow also added to gains, a day after the 30-stock index jumped by the most since March. The Nasdaq reached a record intraday and closing high.

Cryptocurrency prices were broadly lower as concerns over tighter regulatory actions from China continued to weigh, and tokens from Bitcoin (BTC-USD) to the meme-based Dogecoin (DOGE-USD) added to recent losses. Bitcoin prices fell below $30,000 and erased year-to-date gains at their intraday lows.

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