A bout of selling that wiped billions from profitless growth companies, IPO stocks and SPACs has now caught up with Bitcoin, further stressing risk tolerances and brokerage balances among small-time traders.
Bitcoin plunged along with other cryptocurrencies overnight on Saturday, in another indication of the risk aversion sweeping across financial markets.
Joanna Ossinger and Vildana Hajric
Why on earth would anyone need to divide a token up to 18 decimal places? When it comes to decimal places, cryptocurrencies are treading into bizarre territory that other markets have never dared to go before.
Michael P. Regan
Reserve Bank head of payments policy Tony Richards has questioned how widely cryptocurrencies are held in Australia.
Perth’s premier baseball club will become the first sports team in Australia to officially pay players’ wages in bitcoin after striking a deal with a leading crypto currency company.
While it is difficult to link short-term price movements to any specific event some analysts think that both Bitcoin and Ether will only climb higher in the weeks ahead.
The self-proclaimed King of Bitcoin and his HyperFund wingman are behind failed company Blockchain Global
Neale Prior and Kate Purnell
As in past rallies, a myriad of reasons are being cited for the latest surge, including easing of concern about regulatory efforts in the US and China.
The White House nominated Saule Omarova last week to lead the Office of the Comptroller of the Currency, all but confirming that US financial regulators will be void of any crypto allies.
Jesse Hamilton and Akayla Gardner
The male-dominated cryptocurrency industry could provide more employment opportunities for women, according to the head of Australia’s largest digital-asset exchange.
In statements that were the most extreme and unequivocal so far, authorities on September 24 said crypto transactions in China are banned and they will root out mining of digital assets.
Joanna Ossinger and Zheping Huang
Bitcoin struggled for a third day, dropping briefly below $US40,000 for the first time since August amid rising criticism from regulators and a general mood of caution in global markets.
Dave Liedtka and Joanna Ossinger
When Wall Street makes the case for crypto, it’s all about the benefits of diversification. But when markets go down, Bitcoin has an embarrassing habit of getting swept up in the sell-off.
Eric Lam and Eddie van der Walt
The only potential profits in crypto are price increases. The risks of huge capital losses for those holding it are very real. Here’s why you need to beware the hype about its comparison to shares.
Kim Kardashian’s recent promotion to her 250 million Instagram followers to speculate on digital tokens may have been the financial promotion with the single biggest audience reach in history.
Bitcoin has held around $US32,000 ($43,500) in a consolidation of a rebound stoked by comments from Elon Musk, Jack Dorsey and Cathie Wood on the future of the largest cryptocurrency.
After a slew of news related to renewed crackdowns from China triggered a Bitcoin sell-off, chartists and analysts are turning to a sinister-sounding technical signal.
Elon Musk continued to toy with the price of Bitcoin overnight, taking to Twitter to indicate support for what he says is an effort by miners to make their operations greener.
In a bombshell survey, Australians have revealed a surprising new salary trend that experts say could be the norm within years.
Investors in Bitcoin are experiencing one of its rockiest weeks ever after a string of negative headlines, with prices swinging as much as 30 per cent in each direction on one day alone.
Vildana Hajric and Claire Ballentine
‘When they make a movie about Bitcoin, the stripper will realise Bitcoin is peaking when a Wall Street client starts talking about launching a crypto hedge fund.’
Animal spirits are alive and well in the cryptocurrency world, with the frenzy sending Dogecoin surging more than 50 per cent again and crashing Robinhood’s trading app.
WA investors have backed in the newly-listed Coinbase, trading millions of dollars in the crypto exchange platform over the past two weeks.
The total market value of cryptocurrencies pushed past $US2 trillion ($2.6tr) for the first time, doubling in about two months amid surging institutional demand.
© West Australian Newspapers Limited 2021