Tuesday, November 29

Tag: btc

Crypto market grows by $13 billion as bitcoin breaks the $10,000 threshold for the first time since February | Currency News | Financial and Business News
PR Wire

Crypto market grows by $13 billion as bitcoin breaks the $10,000 threshold for the first time since February | Currency News | Financial and Business News

Reuters The cryptocurrency market added $13 billion in value over the past day as bitcoin jumped more than 6% Thursday evening. Bitcoin has rallied more than 100% from its March 16 low and has eclipsed $10,000 for the first time since February. The three major reasons for the move include anticipation of the next bitcoin halving, institutional investors adding exposure, and the perception that bitcoin would protect against a surge in inflation. Visit Business Insider's homepage for more stories. Bitcoin jumped 6% on Thursday, causing a $13 billion surge in market value for the entire cryptocurrency market, according to data from Coindesk. The entire cryptocurrency market is worth a combined $267 billion as of Friday morning, data from CoinMarketCap shows.  The to...
From precious metals to loans on the brink of default: Investors are flocking to these assets after the coronavirus market meltdown
PR Wire

From precious metals to loans on the brink of default: Investors are flocking to these assets after the coronavirus market meltdown

Mike Segar/Reuters Periods of widespread selling and cash-hoarding shifted the sands of the investing landscape to reveal new opportunities. Several of Wall Street's biggest firms are raising billions of dollars to pile into distressed debt, viewing the Federal Reserve's relief measures as a backstop for ailing corporations. Significant spending on coronavirus relief measures will drag on global currencies, Bank of America projected, setting gold up to skyrocket through the economic downturn. Even bitcoin is breaching key thresholds, and some investors are turning to the volatile asset for the first time "as a hedge against currency wars," Ed Moya, senior market analyst at OANDA, wrote Thursday. Visit the Business Insider homepage for more stories. Weeks of ...