Text size Bitcoin Dreamstime Dogecoin, Bitcoin and Ether briefly spiked on Monday after Tesla (ticker: TSLA) CEO Elon Musk tweeted that he still owns the cryptocurrencies and won’t sell. Dogecoin (D...
Tag: currency markets
What the Russian Invasion of Ukraine Means for Clients Considering Crypto
When Russia invaded Ukraine on Feb. 24, cryptocurrencies posted strong gains. Bitcoin rallied from $38,300 to $44,400, and Ether jumped to $3,000, up from $2,400. President Biden’s recent execu...
Bitcoin Falls to Below $40,000 as Wall Street in ‘Full De-Risking Mode’
Text size Dreamstime.com Bitcoin fell below $40,000 Friday on renewed worries of an imminent Russian invasion of Ukraine and the prospect of higher U.S. interest rates this year. Bitcoin, the world’s...
Investors Bet Ukraine-Russia War Will Be Averted
Russian troops are continuing to build up on the Ukrainian border, but investors are piling into bets that there won’t be a war. The Russian ruble and Ukrainian hryvnia have strengthened against the d...
Bitcoin’s Price Isn’t Done Falling. How It Could Drop to $10,000.
Text size Stifel’s top equity strategist thinks Bitcoin prices could sink to $10,000. Dreamstime.com The bull case for Bitcoin is that it powers up to $100,000, from recent prices around $43,000...
Crypto is volatile, but KPMG Canada just added bitcoin and ether to its balance sheet. Here’s why
KPMG in Canada has added an unknown amount of bitcoin and ether to its corporate balance sheet. The firm declined to disclose the amount of cryptocurrencies it purchased, but Kunal Bhasin, blockchain...
Tax season: does the IRS know if you trade crypto? Is your NFT sale or mining income taxable?
Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’m Frances Yue, crypto reporter at MarketWatch. It is tax season in the U.S., and I’ll ...
Opinion: Warren Buffett is teaching meme-stock players and crypto traders some hard lessons about why market fundamentals still apply
In early 2021, age-old investing principles of business valuation were declared passe by meme-stock buyers, SPAC enthusiasts, and crypto-traders. A new generation of market players declared that Warre...
How Low Can Bitcoin Go? The Views Vary.
Illustration by Elias Stein Text size Tighter monetary policies are weighing on speculative assets like crypto, Bitcoin crashed from $43,000 to $33,000 in four days and lost 23% of its value. On Jan. ...
Odell Beckham Jr. took his $750K salary in bitcoin — how much did it cost him?
Los Angeles Rams wide receiver Odell Beckham Jr. made headlines last November when he announced he would be converting his 2021 salary into bitcoin. The problem for Beckham: that bitcoin BTCUSD, -0.41...
Bitcoin drops below $40,000 as global market selloff spreads to cryptocurrencies
Bitcoin prices were trading at levels not seen since August, pushing below a key support level on Friday, as a selloff of perceived riskier assets spread to cryptocurrencies. Bitcoin BTCUSD, -6.06%, t...
Brace for a volatile 2022, but cling to this tech stalwart when the storm comes, says investment adviser
The pain is piling up for equity investors after the long U.S. holiday weekend, with bond yields at levels not seen since early 2020, and oil prices tapping 2014 highs. The pace of Federal Reserve mon...
China’s digital yuan notches $8.3 billion transactions in half a year
A sign for China’s digital currency, the electronic Chinese yuan (e-CNY) is displayed at a shopping mall in Shanghai on March 8, 2021. STR | AFP | Getty Images BEIJING — In a country where consu...
The IRS will ask every taxpayer about crypto transactions this tax season — here’s how to report them
Cryptocurrencies, also known as virtual currencies, have gone mainstream. That’s for sure. For example, you can use bitcoin BTCUSD, -0.21% to buy a Tesla TSLA, -6.75% and to buy or pay for lots of oth...
Opinion: Citadel’s $1.15 billion cash infusion isn’t a bailout but the final test of Ken Griffin’s ‘Death Star’
When you add more than a billion dollars’ worth of liquidity to a market maker that already executed more than one of every four trades in the U.S. markets on a daily basis, while simultaneously givin...
Bitcoin Price Falls to 3-Month Low. Has It Fallen Too Fast?
Text size Bitcoin Dreamstime Bitcoin declined to three-month lows on Friday as minutes of the latest Federal Reserve meeting raised the possibility the central bank could boost interest rates as soon ...
Bitcoin Tanked After the Fed Minutes Were Released. Here’s Why.
Text size Proponents of Bitcoin argue that its limited supply should make it an inflation-proof asset akin to gold. Dreamstime Bitcoin slid sharply after the Federal Reserve released minutes of its De...
The $2 Trillion Cryptocurrency Market Is Drawing Interest From Investors, Scrutiny From U.S. Regulators
WASHINGTON—As cryptocurrencies go mainstream, prices for bitcoin and other digital tokens are often displayed on cable-news tickers and finance apps as though they were just like regular stocks, bonds...
Opinion: Sanctioning Russia is a masterstroke that will cement the dollar’s dominant role in world affairs
LONDON (Project Syndicate)— The savage fighting in Ukraine has led many to wonder whether Russian President Vladimir Putin’s supposed strategic brilliance is all that it was chalked up to be. Though P...