Bitcoin marches away from crypto pack in show of resiliency
Vildana Hajric and Claire Ballentine, Bloomberg News
Bitcoin has proven itself to be the hardest store of value in human history: Hut 8 Mining CEO VIDEO SIGN OUT
Bitcoinâs rebound is making another rebuttal to those who expect the largest cryptocurrency will be overtaken by the meme-worthy heirs cropping up in droves.
While the original token was able to pare back its losses to just 11 per cent from 31 per cent Wednesday, its peer coins werenât as lucky. Ether, Dogecoin and Binance Coin all remained down by at least 20 per cent in afternoon trading. Thatâs half of their earlier losses, but still double the damage compared to Bitcoin. For Bitcoin fans, the moves are yet another sign of its resiliency in the notoriously volatile market.
The largest pipeline in the US for transporting fuel shut down following a cyber attack.
The attack had an impact on fuel prices and created shortages resulting in some gas stations having to close.
An investing strategist breaks down how investors can capitalize on the attack over the short and long-term.
For six days, a hacker group held the largest pipeline system for refined oil products in the US, Colonial Pipeline, at ransom via a cyber attack.
This resulted in the shutdown of a 5,500 mile pipeline used to transport millions of barrels of fuel between Texas and the East Coast, causing fuel shortages and a rise in gas prices in the south east of the country in particular.