Tag: Money/Currency Markets

4 reasons the bitcoin price is challenging the $40,000 barrier

A rally by bitcoin on Monday wasn’t all about a help-wanted ad from Amazon.com Inc., crypto analysts said. The ad, seeking a “digital currency and blockchain product lead” got credit for getting the ball rolling as it stoked expectations the e-commerce and cloud computing giant could soon begin accepting bitcoin for payment. That theme was […]

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Bitcoin rallies, tops key technical level for first time since early May

The price of bitcoin rallied over the weekend, trading above its 50-day moving average for the first time since early May. Bitcoin BTCUSD, +10.42% surged Saturday and into Sunday, recently trading at $37,973. according to CoinDesk, after recovering from its dive below the $30,000 level on Tuesday. Bitcoin is up nearly 20% over the past […]

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Bitcoin price slumps, erasing weekend gains

Bitcoin’s price sank Monday, erasing a weekend rally. Bitcoin BTCUSD, +0.33% fell around 5%, to about $33,858, as of Monday afternoon after peaking as high as $35,887 on Sunday, according to Coindesk data. The crypto traded as low as $32,768 on Friday, before a pair or surges Saturday and Sunday. The $30,000 level is seen […]

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