Text size Costs per Bitcoin mined range from $4,500 to $16,000 across the industry. Dreamstime A recovery in the price of Bitcoin should fuel gains for mining companies that process transactions on th...
Tag: virtual currencies
Bitcoin rallies after Russia hints at using crypto with $50,000 seen possible on short covering
Bitcoin on Friday briefly traded above $45,000, a psychological level, as financial institutions pushed further into the digital asset space, while Russia hinted at the possibility of accepting bitcoi...
Bitcoin Prices Are ‘On the Verge of a Major Breakout’
Text size The prices of Bitcoin and other digital assets rise Friday. Dreamstime Bitcoin and other cryptocurrencies moved higher on Friday, boosted by the return of risk appetite among investors and a...
Bitcoin Is Bouncing but Ether Is Soaring. This Is Why.
Text size Cryptocurrencies are gaining as investors return to high-growth “risk assets.” Dreamstime Bitcoin has perked up, gaining 8% to roughly $42,600 in the past week. But Ether, the se...
Largest cryptocurrencies mixed as Cardano rises
The largest cryptocurrencies were mixed during morning trading on Thursday, with Cardano ADAUSD, -0.12% seeing the biggest move, rallying 2.82% to 85 cents. Polkadot DOTUSD, +0.62% led the decreases w...
Tesla’s Elon Musk Says He’s Not Selling His Crypto Holdings. Bitcoin Is Up.
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...
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...
Should You Buy the Grayscale Bitcoin Trust Fund? It’s on Sale—and That Could Be a Trap.
In closed-end funds, anything trading around 70 cents on the dollar might seem too good to pass up. Investors can get that kind of bargain now in the Grayscale Bitcoin Trust . But this may be a case w...
Why War and Sanctions Are Good for Bitcoin
Illustration by Elias Stein Text size Russia’s invasion of Ukraine is pressuring equities, pumping up oil prices, and scrambling Federal Reserve plans to raise rates. Through it all, Bitcoin has been ...
Coinbase stock falls as crypto platform casts doubt on Q1 outlook
Coinbase Global Inc. stock fell nearly 6% in extended trading Thursday after the Silicon Valley crypto platform crushed Wall Street expectations for its fourth quarter but cast doubt on current-quarte...
Stock Market Today: Overseas Stocks Fall as Russia-Ukraine Tensions Simmer
Text size Vladimir Putin and Joe Biden have agreed in principle to a summit in Europe. AFP via Getty Images Global stocks fell on Monday as tensions remained high over the Russian military buildup on ...
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...
Nvidia’s Earnings Are Today. What to Expect.
Text size The graphic chip giant has become the top semiconductor maker in the U.S., eclipsing Intel. Justin Sullivan/Getty Images Graphics chip giant Nvidia is expected to post strong financial resul...
Morgan Stanley Wants to Educate Investors on Ethereum
It’s not often that one of the major wirehouses tells clients to pay attention to cryptocurrencies, so when Morgan Stanley Wealth Management introduces a 20-page primer on the cryptocurrency Ether, it...
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 ...
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. ...
Opinion: ‘Easter Bunny cartoon cash’ — how Bill Maher called the Bitcoin crash
Young people were already feeling depressed about their future retirement prospects, according to polls. Still more following the collapse of all their cryptocurrency bets, one suspects. More than $1 ...
Crypto bull says ‘I look at the stock market and it is just starting to correct and that worries me more’: We could see ‘another 20%’ fall ‘for the Nasdaq’
Wealthy investor Mike Novogratz says the days of making easy money on Wall Street are coming to a swift end and he sees more pain in store for stock-market investors in coming months. “I look at the s...
Why the Floor for Bitcoin’s Price Is Zero
Text size What matters for Bitcoin is price momentum. Dreamstime A few thoughts early in the trading week: Recent crypto buyers who are sitting on deep losses surely don’t need me reminding them that ...
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...
Weekend reads: Inflation fear and opportunities for investors
U.S. consumer price inflation rose to a 40-year high of 7.5% in January. That pace is running way ahead of wage growth, and the official figures can mask even more pain, depending on a family’s circum...