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Bitcoin Retreats After Swings Highlighted the Risk of Volatility
Bitcoin retreated Tuesday after a bout of volatility highlighted lingering doubts about the durability the token’s mesmerizing rally. The cryptocurrency fell about 6.8% to $51,210 as of 11:52 a.m. in Tokyo on Tuesday, following a drop of as much as 17% a day earlier to below $50,000. The token is still up more than 400% in the past year, a rise that dwarfs other assets. Treasury Secretary Janet Yellen and Microsoft Corp. co-founder Bill Gates were the latest to weigh into a debate over the digital coin. Gates cautioned about how investors can be swept up in manias, while Yellen said Bitcoin is an “extremely ... (full story)
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From pymnts.com|Feb 22, 2021Full steam ahead for the digital dollar — but no go for bitcoin as (widespread) transaction mechanism? U.S. Treasury Secretary Janet Yellen said at a virtual conference held ...
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From stockhead.com.au|Feb 22, 2021video Populating the expert panel this week is Kin Wai Lau, CEO & executive director or Fatfish Group (ASX:FFG) and Leigh Travers, executive director, DigitalX (ASX:DCC). The ...
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From cnbc.com|Feb 22, 2021|14 commentsFacebook has reached an agreement with the Australian government and will restore news pages in the country days after restricting them. The decision follows negotiations between ...
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From @FirstSquawk|Feb 23, 2021tweet at 11:43pm: BOK CHIEF SEES NO INTRINSIC VALUE IN CRYPTOCURRENCIES
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- Posted: Feb 22, 2021 10:57pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 53
