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Last week, ETF Think Tank Contributors Michael Gayed and Mike Venuto traveled to their first in person investment conference since the beginning of the pandemic. ....
Thursday, 20 May 2021 07:23 AM MYT Bitcoin has dropped some 40 per cent from a record high of US$64,895 hit on April 14. Reuters pic Subscribe to our Telegram channel for the latest updates on news you need to know. NEW YORK, May 20 ― Cryptocurrencies that seemed to be defying gravity just weeks ago came back down to earth with a bump yesterday after a roller-coaster ride which could undermine their potential as mainstream investments. The two main digital currencies, bitcoin and ether, fell as much as 30 per cent and 45 per cent respectively, but significantly pared losses after two of their biggest backers ― Tesla Inc chief Elon Musk and Ark Invest s Chief Executive Cathie Wood ― indicated their support for bitcoin. ....
As Bitcoin plunges, is it a bust or a buy? Sorry, but your browser needs Javascript to use this site. If you re not sure how to activate it, please refer to this site: https://www.enable-javascript.com/ A PayDepot Bitcoin ATM machine in Union City, New Jersey | REUTERS Reuters May 20, 2021 NEW YORK/LONDON – Cryptocurrencies that seemed to be defying gravity just weeks ago came back down to earth with a bump Wednesday after a roller-coaster ride that could undermine their potential as mainstream investments. The two main digital currencies, bitcoin and ether, fell as much as 30% and 45% respectively, but significantly pared losses after two of their biggest backers Tesla Inc. chief Elon Musk and Ark Invest’s Chief Executive Cathie Wood indicated their support for bitcoin. ....
By Tommy Wilkes, Sujata Rao and Gertrude Chavez-Dreyfuss NEW YORK/LONDON (Reuters) -Cryptocurrencies that seemed to be defying gravity just weeks ago came back down to earth with a bump on Wednesday after a roller-coaster ride which could undermine their potential as mainstream investments. The two main digital currencies, bitcoin and ether, fell as much as 30% and 45% respectively, but significantly pared losses after two of their biggest backers - Tesla Inc chief Elon Musk and Ark Invest s Chief Executive Cathie Wood - indicated their support for bitcoin. While many analysts thought the explosion in crypto interest this year was not sustainable, the trigger for the shake-out was China s move on Tuesday to ban financial and payment institutions from providing cryptocurrency services. It also warned investors against speculative crypto trading. ....