The price of bitcoin surged above the $40,000 level over the weekend for the first time since mid-May, but the rally started to stumble Sunday.
Bitcoin BTCUSD, -3.74% peaked above $42,000 on Saturday, according to Coindesk data, but by Sunday evening, had retreated to around the $39,600 level.
The world’s largest cryptocurrency has surged since dipping below $30,000 on July 20, partly because investors see it as a hedge against inflation and currency values if and when the Federal Reserve starts tapering its $120 billion-a-month asset purchases. Other cryptocurrencies followed bitcoin’s lead, falling Sunday after a streak of daily gains. Ethereum ETHUSD, -4.01% was recently trading off about 5% on the day, while dogecoin DOGEUSD, -2.57% was down about 3.5%, according to Kraken data.
While bitcoin is about flat over the past five days, it’s up 14% over the past month, and up 38% year to date, even though it’s off around 40% from its all-time high around $65,000 in April.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Philanthropists Award $40 Million to Help Advance Gender EquityBIG CONGRATULATIONS to the Winners of the Equality Can't Wait Competition -- $40 Million to Help Advance Gender Equity NMCCAP girls_inc adaacademy domesticworkers CaringAcrossGen eqitycantwait melindagates
Weiterlesen »
I’ve used Apple AirPods for years now. Here’s what happened when I tried these $40 competitors (psst: they’re good)The pros and cons of my new noise-cancelling, wireless earbuds.
Weiterlesen »
Simone Biles withdraws from floor exercise, leaving only beam remaining on scheduleBREAKING: American gymnast Simone Biles has pulled out of the floor exercise, USA Gymnastics says. The only competition she has not yet pulled out of is the balance beam.
Weiterlesen »
Apple Floats Above China Technology Crackdown — For NowNo big U.S. tech company is more exposed to China’s political climate than Apple. But its adroit management of the Chinese market is insulating it from the turmoil gripping the country’s own tech stocks.
Weiterlesen »