Cryptocurrency

Bitcoin slipped on Friday as reports of U.S. President Joe Biden mulling a tax hike on wealthy Americans drew stronger selling pressure in the spot market. The biggest cryptocurrency traded well below the 100-day simple moving average support of $49,470 during the European hours, marking the first breakdown of the widely tracked technical line in six months and extending the recent sell-off from record highs above $64,000. Other alternative cryptocurrencies such as ether, binance token, XRP, dogecoin, suffered bigger pullbacks, having outperformed bitcoin in recent days. Dogecoin slipped nearly 25%, while others witnessed 14% to 18% drawdowns against bitcoin’s 11% drop. “The market has been trading extremely risk on due to Federal Reserve’s [liquidity-boosting] policy that supported risk trades. Now the reality of the Biden administration hits, and the market is going to start worrying about taxes & regulations,” Phillip Gillespie, CEO of the over-the-counter liquidity pr

Getty Images LONDON/GUANGZHOU, China — Bitcoin and other digital currencies plunged on Friday as a proposed capital gains tax hike from U.S. President Joe Biden led to a wave of selling. At around 10 a.m. London time, bitcoin was down over 8% in the last 24 hours at $48,687, according to Coin Metrics data. It's the first time bitcoin has traded below $50,000 since early March. Ether fell to $2,211, down more than 12%. XRP, the fifth-biggest cryptocurrency, plunged nearly 19%. This wiped out more than $200 billion of value from the entire cryptocurrency market, according to data from CoinMarketCap. "The market has run up quite a bit overall, and it's probably cooling off before the next leg up," Vijay Ayyar, head of business development at cryptocurrency exchange Luno, told CNBC by email. President Biden is expected to raise long-term capital gains tax for the wealthiest Americans to 43.4%, including a surtax. That would be higher than the top federal tax

Benzinga Minerco (MINE) Developer of SHRUCOIN a Cryptocurrency That Can Be Purchased Online With VISA & MasterCard, Launches Shrucoin Pay Platform For Online Payments That Allows Merchants to Accept Bitcoin, Ethereum, Bitcoin Cash, Litecoin, DASH and EOS for Cannabis & Psychedelics Sales Company Also In Talks To Acquire Cannabis Mobile Delivery Services To Utilize Shrucoin Pay As Method Of Payment: Will Allow Company To Enter Into The Rapidly Growing Global Cannabis Dispensary Delivery Services Market Which Is Expected To Reach $30 Billion By 2024 ANN ARBOR, MI / ACCESSWIRE / April 21, 2021 / Minerco, Inc. "The Magic Mushroom Company" (OTC PINK: MINE) today announced that it has launched Shrucoin Pay (https://shrucoinpay.com) a payment services platform that allows merchants in the Cannabis and Psychedelic sales market to receive Bitcoin, Ethereum, Bitcoin Cash, Litecoin, DASH, and EOS for online payments that go straight into the merchant's accounts. Julius Je

Bitcoin prices bounced back this morning, experiencing some gains after their weekend sell-off. ... [+] (Photo by Jordan Mansfield/Getty Images) Getty Images Bitcoin prices have recovered recently, climbing more than 10% from their recent low, after suffering a notable decline over the weekend. The world’s most prominent digital currency reached as much as $57,609.37 this morning, CoinDesk data shows. At this point, it had risen 10.5% from the local low of $52,148.98 it hit on Sunday, additional CoinDesk figures reveal. The cryptocurrency experienced a notable drop over the weekend, losing roughly 16.6% of its value in short order. [Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.] Click here to subscribe to Forbes CryptoAsset & Blockchain Advisor MORE FOR YOU When explaining this correction, analysts cited several variables, includin

The Bitcoin price is crashing today as investors rush to take profit after it reached its all-time high of $64,945. The BTC has dropped by more than 5% from this high and is currently trading at $61,300. Its market cap is at more than $1.16 trillion. What happened: Bitcoin has been in a strong rally this week. This performance was mostly because of the mainstreaming of digital currencies as Coinbase went public. Also, there are signs that demand for the digital currency has risen in the past few months.  However, after surging to an all-time high, BTC price has struggled. This is in line with what I predicted on Wednesday. In my article, I forecasted that the price would retreat because of the buy the rumour, sell the news situation. This is where investors buy an asset ahead of a key event and then exit it after the event happens. We also saw the situation this week when the US dollar declined after the strong US inflation numbers. Advertisement Why it matters: If you have

10 Best Cryptocurrencies To Invest in for 2021 - Yahoo Finance 10 Best Cryptocurrencies To Invest in for 2021 - Yahoo Finance Goldman Sachs Predicts 'Big Evolution' Coming to Cryptocurrency Regulation – Regulation Bitcoin News - Bitcoin News Ethereum Reaches New All-time High Of $2,200 - Yahoo Finance 10 Best Cryptocurrencies To Invest in for 2021 - Yahoo Finance Posted: 10 Apr 2021 09:00 AM PDT ©Shutterstock.com / Shutterstock.com Cryptocurrency is digital money that isn't managed by a central system like a government. Instead, it's based on blockchain technology, with Bitcoin being the most popular one. As digital money continues to gain traction on Wall Street, more and more options become available. There are currently more than 5,000 cryptocurrencies on the market. While you can use cryptocurrency to make purchases, most people treat it as a long-term investment. However, inv

Cryptocurrency markets have gathered fresh gains this weekend, as bitcoin’s value spiked above the $60k handle touching $61,222 per unit during the early morning trading sessions on Saturday (EST). Moreover, a number of digital assets saw price jumps as well, as the entire market capitalization of all 9,190 crypto-assets in existence is over $2 trillion today. A touch after 1 a.m. (Eastern Standard) on Saturday, the market valuation of the entire crypto-economy jumped 3% higher. Bitcoin (BTC) touched a high of $61,222 per unit coming awfully close to the all-time high (ATH) the crypto asset captured last month. Currently, BTC is trading just above the $60k handle after losing some of the gains from the hours prior. BTC is still up over 2% today and has a market cap of around $1.1 trillion. The second-largest market held by ethereum (ETH) is up 3% on Saturday and each ETH is swapping for $2,144 per unit. While BTC’s market dominance among the 9,190 crypto-assets in existence is 55%

Latest Ethereum price and analysis (ETH to USD) - Yahoo Finance Latest Ethereum price and analysis (ETH to USD) - Yahoo Finance Posted: 09 Apr 2021 04:50 AM PDT National Review Semiconductor Cycle: Is This Time Different? Welcome to the Capital Note, a newsletter about business, finance, and economics. On the menu today: the semiconductor shortage, funds considering new prime brokers, Amazon workers say no to union, and a look at the capital cycle. To sign up for the Capital Note, follow this link. Chip Shortage Since late last year, a shortage in computer chips has slowed production of everything from cars to video-game consoles, as semiconductor manufacturers struggle to keep up with growing demand. The shortage is so severe that President Biden has pledged to take action to boost output. Meanwhile, chipmakers are ramping up capacity, with Intel, Applied Materials, and Taiwan Semiconductors all projecting significant increases in capi