Shares of PayPal, Square, Mastercard, and Visa could benefit as more institutions adopt cryptocurrencies, Wedbush said.

Bitcoin sank as low as $US33,412.72 on Wednesday as investors continued to take profits from the cryptocurrency’s massive rally. The token reached a record of nearly $US42,000 earlier this month before momentum stalled. Analysts see $US34,000 as a key support level for the token, while a move above $US40,000 could […]

US stocks gained on Tuesday after two straight days of losses last week as investors await a flood of earnings reports including tech giant Netflix in the week ahead. Janet Yellen urged lawmakers at her Senate confirmation hearing on Tuesday morning that now is the time to “act big” on […]

US stocks sank on Friday as investors digested President-elect Joe Biden’s stimulus plan and a December slump in retail sales. Biden rolled out a $US1.9 trillion relief proposal on Thursday that includes $US1,400 direct payments, state and local government aid, and expanded unemployment benefits. While Democrats’ soft Senate majority increases […]

“Bond King” Jeffrey Gundlach told CNBC on Monday bitcoin hit “bubble territory” once it passed $US23,000, and he doesn’t feel comfortable with the coin’s current levels. “I don’t like bitcoin here, I don’t like things that are up on a stilt like that,” the DoubleLine Capital founder said of the […]

Approval of a bitcoinETF in the US could pull investors out of a popular trade and erode a key support to the cryptocurrency’s lofty price,JPMorgan strategists said Friday. Institutional investors largely invest in the Grayscale Bitcoin Trust for regulatory reasons instead of directly buying bitcoin. Yet the trust touts a […]

Bitcoin has more than doubled in less than a month, leaving analysts and investors stunned and concerned about a possible market bubble. In many ways the token’s rally in recent months is crucially different than the surge seen three years ago, as buyers now range from casual day traders to […]

All major US equity indexes closed at record highs on Thursday as Democrats’ victories in Georgia Senate runoffs bolstered hopes for additional fiscal stimulus. Democrats’ dual victories in Georgia Senate runoffs pave the way for the Biden administration to pass sweeping fiscal support in early 2021. A joint session of […]

Bitcoin crossed $US35,000 for the first time on the same day Democrats won the runoff elections in Georgia and took control of the Senate. US economists suggest that a Democratic Senate would likely lead to another round of large fiscal stimulus, crimping demand for assets like the dollar. The dollar […]

Bitcoin plummeted as much as 17% on Monday, its biggest single-day decline since March. The sharp decline comes after bitcoin hit a record high of $US34,792.47 on Sunday. The cryptocurrency had soared 59% since the start of December and 305% for full-year 2020. Some analysts said that after the stellar […]

US stocks closed mixed on Tuesday after Congress passed a multitrillion-dollar spending bill that includes $US900 billion in new stimulus. The package, which also funds the government through September 30, includes $US600 direct payments, $US300 in additional federal unemployment benefits, and aid for small businesses. The fresh fiscal support locked […]

Bitcoin bull Mike Novogratz explained two pandemic-induced trends that accelerated the “cryptocurrency revolution” during a Real Vision interview published Friday. The first: the policy response to the global pandemic, specifically from the US government he said. And the second trend: the “digitalization of everything.” “We are going to look back […]

US equities wavered on Wednesday as investors mulled the Federal Reserve’s policy update, disappointing economic data, and progress toward passing new stimulus. Congressional leaders are close to agreeing on a stimulus package that includes just under $US900 billion in relief funds, Politico reported. A deal could be finalised as early […]

US stocks gained slightly on Thursday after falling jobless claims offered an encouraging sign of labour-market improvement. New weekly claims for unemployment insurance totaled an unadjusted 712,000 for the week that ended Saturday. Economists surveyed by Bloomberg expected a reading of 775,000. The mild uptick puts the S&P 500 at […]

Tyler and Cameron Winklevoss told CNBC on Monday that bitcoin will skyrocket to $US500,000 within the next decade and surpass gold as a store of value. “Our thesis is that bitcoin is gold 2.0, that it will disrupt gold, and if it does that, it has to have a market […]

Guggenheim Partners revealed in a Friday regulatory filing that its Macro Opportunities Fund holds the right to invest up to 10% of its net asset value in Grayscale Bitcoin Trust. The trust solely invests in bitcoin, and a 10% bet from Guggenheim’s fund equates to roughly $US530 million. The filing […]

US stocks gained on Friday as hopes for a peaceful transition to the Biden administration offset concerns about soaring COVID-19 cases. The S&P 500 closed at a record high. President Donald Trump said Thursday that he’d hand over power when the Electoral College certifies President-elect Joe Biden as the winner […]

US stocks gained on Friday as hopes for a peaceful transition to the Biden administration offset concerns about rising COVID-19 cases. President Trump said Thursday that, should the Electoral College rule President-elect Joe Biden the winner of the 2020 election, he’ll hand over his power. The US reported 125,082 new […]

US stocks declined on Wednesday as a surprise jump in weekly jobless claims butted heads with vaccine hopes. The Dow Jones industrial average dipped below 30,000 after closing above the level at a record on Tuesday. New claims for unemployment benefits rose to an unadjusted 778,000 for the week that […]

US stocks fluctuated on Wednesday as a surprise jump in weekly jobless claims stifled recovery enthusiasm. New claims for unemployment benefits rose to an unadjusted 778,000 for the week that ended Saturday. Economists expected a reading of 730,000. The Dow opened just above 30,000 after breaking through the level in […]

US equities jumped on Tuesday after the General Services Administration’s ascertainment of President-elect Joe Biden’s victory lifted investor sentiments. The Dow Jones industrial average climbed above 30,000 for the first time, marking a rapid comeback after the index sank as low as 18,213 in March. The GSA announced Monday afternoon […]

US stocks fell on Friday as conflict over the use of Federal Reserve funds offset positive developments for vaccine distribution. Treasury Secretary Steven Mnuchin urged the Fed on Thursday to return funds set aside for emergency lending, setting up several relief programs for year-end expiration. The move marked a rare […]

US stocks fluctuated on Friday as soaring COVID-19 cases and disagreement on new stimulus offset positive developments for vaccine distribution. Pfizer and BioNTech both gained ahead of plans to apply for emergency-use authorization for their experimental coronavirus vaccine. The FDA’s vetting process is set to take a few weeks, teeing […]

US stocks fell on Wednesday as new economic restrictions erased morning optimism around coronavirus vaccine news. New York City announced Wednesday afternoon that it will shut down public schools as virus infection rates spike. The vaccine candidate being developed by Pfizer and BioNTech was 95% effective at protecting against COVID-19 […]

Ray Dalio tweeted on Tuesday he “might be missing something about bitcoin,” and that he sees a handful of reasons why it can’t serve as an effective currency. Bitcoin’s wild volatility diminishes its use as a medium of exchange and as a store of wealth, the billionaire hedge fund manager […]

Bitcoin soared above $US16,000 early Thursday morning, breaking above the support level for the first time since January 2018. The world’s largest cryptocurrency has rallied in recent weeks on a wave of market volatility and growing adoption. The latest uptrend kicked off in October after PayPal announced it would allow […]

US stocks slid on Friday as the market’s post-election rally faded and investors mulled Joe Biden’s victory. Still, t he S&P 500 posted its largest weekly gain since April. Biden is projected to be the country’s next president after taking the lead in Pennsylvania and Georgia on Friday morning, according […]

Bitcoin continued its post-election day surge on Thursday, punching past $US15,000. The digital token’s high of more than $US15,200 in Thursday afternoon trades represented its highest level since January 2018. In January 2018, bitcoin was in the early stages of unravelling much of its previous year’s gains as the cryptocurrency […]

Bitcoin gained as much as 3.9% in volatile Wednesday trading as investors flocked to risk assets. The rally pushed prices as high as $US14,257.53 before a slight retraction in the afternoon. The $US14,000 level represented a key resistance level for the world’s most popular cryptocurrency, according to technical analysts. Ethereum, […]

US stocks closed mixed on Tuesday as investors weighed optimism in the tech sector against continued sell-offs in other corners of the market. Xilinx traded higher after Advanced Micro Devices announced it will buy the latter in a $US35 billion all-stock deal. The acquisition and anticipation for Microsoft’s afternoon earnings […]

Bitcoin’s October rally will continue as investors start scooping up the token as an inflation hedge, billionaire investor Paul Tudor Jones said Thursday. The world’s largest cryptocurrency is up nearly 20% this month and recently rallied above $US13,000 for the first time since July 2019. With the Federal Reserve slated […]

Bitcoin’s 8% surge on Wednesday could be just the beginning of an even bigger move higher if analysis from Fairlead Strategies’ Katie Stockton proves to be correct. In a note on Wednesday, Stockton said that improving technicals could shore up Bitcoin’s price to $US14,000, representing a 10% jump from current […]

Bitcoin spiked as much as 8% higher on Wednesday after PayPal revealed it will soon allow users to buy, sell, and hold the popular cryptocurrency. The leap pushed bitcoin to an intraday peak of $US12,817.17, its highest level since July 2019. PayPal’s Wednesday announcement marks the latest move by a […]

Bitcoin rose above $US12,000 on Monday as investors continued to hunt for inflation hedges amid near-zero rates. The world’s most popular cryptocurrency has rallied more than 200% from its March low as industry giants and retail investors alike scoop up the token. Much of the rally has been fuelled by […]

Bitcoin has tanked as much as 50% in two days amid a major market rout over coronavirus concerns. The digital coin tumbled as much as 32% on Friday before paring some of those losses. “Investors are liquidating alternative assets such as Gold and Cryptocurrency to meet market obligations and build […]

Bitcoin fell below $US6,000 on Thursday for the first time since May amid a market-wide sell-off over coronavirus concerns. The largest digital currency led other coins lower –Ethereum,Litecoin, and Ripple also plummeted Thursday. “Investors are clearly not looking at Bitcoin as a safe haven asset,” Matthew Dibb, co-founder of the […]

Bitcoin gained 31% in January 2020. It was the best January performance for the digital currency since 2013. Bitcoin gained as investors piled into the asset looking for a safe haven amid coronavirus fears that weighed on stock, bond, and oil markets. Watch bitcoin trade live on Markets Insider. Read […]

Bitcoin has surged more than 10% since JPMorgan announced on Thursday that it would launch its own cryptocurrency, called “JPM Coin.” Bitcoin touched an intraday high of $US4,002.71 a coin on Tuesday, topping $US4,000 for the first time in over month. Watch Bitcoin trade live. Bitcoin hit a high of […]

Welcome to Crypto Insider, Business Insider’s roundup of all the bitcoin and cryptocurrency news you need to know today. Sign up here to get this email delivered direct to your inbox. Blockchain, the world’s biggest provider of digital wallets, is establishing a presence in San Francisco for the first time […]

Welcome to Crypto Insider, Business Insider’s roundup of all the bitcoin and cryptocurrency news you need to know today. Sign up here to get this email delivered direct to your inbox. Thousands of people will be in attendance at CoinDesk’s 2018 Consensus conference in May, but Ethereum founder Vitalik Buterin […]

Welcome to Crypto Insider, Business Insider’s roundup of all the bitcoin and cryptocurrency news you need to know today. Sign up here to get this email delivered direct to your inbox. A cryptocurrency CEO bragged that he ran off with $US50 million – but after a journalist tracked him down […]