Bitcoin was trading below $42,000 early on Wednesday morning. This follows a day in which most cryptocurrencies traded lower as bond yields rose, which also impacted equities.
was trading below $42,000 early on Wednesday morning. This follows a day in which most cryptocurrencies traded lower as bond yields rose, which also impacted equities.Investors have pulled money out of cryptocurrency funds for a fifth straight week, reflecting the bearish market mood as bitcoin suffered one of its worst-ever starts to a year, according to Coindesk.
"Frankly, it's a bit confusing about who actually regulates digital assets and especially crypto … and of course exactly what you can or cannot do," said Portney. In other cryptocurrency news, Britain is cracking down on "misleading" advertisements for cryptoassets, according to Reuters. The growing interest in cryptocurrencies has led to an increase in advertising, prompting warnings from Bank of England that investors they could lose all their money.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Investment giant Invesco predicts the Bitcoin bubble to burst in 2022, to trade below $30kInvestment management firm Invesco is projecting a Bitcoin bubble burst in 2022, citing reduced interest from investors. The projection is... Continue reading
Read more »
Majority of JPMorgan Clients Expect Bitcoin to Trade at $60K or More by Year-EndBitcoin should reach at least $60K by year-end, majority of jpmorgan clients said in a survey. By willcanny99
Read more »
Bitcoin Predicted to Plunge Below $30,000 by InvescoBitcoin could end up seeing steeper losses this year, according to Invesco strategist Paul Jackson
Read more »
Bitcoin Price Slipped Below $42K to a Weekly Low: LUNA Soars 6% (Market Watch)Bitcoin and most alternative coins keep losing value with BTC sliding to a weekly low. At the same time, LUNA touched $80 after an 6% increase.
Read more »
Crypto Markets Lose $100 Billion Daily as Bitcoin Dips Below $42K (Market Watch)The crypto market cap is down by roughly $100 billion in a day as bitcoin and most altcoins went on another ride south.
Read more »
Bitcoin mining becomes more sustainable: Mining Council's Q4 surveySlowly but surely, Bitcoin is going green. New data shows the percentage of the global BTC mining industry running on renewable power increased by 1% to 58.5% in the fourth quarter of 2021.
Read more »