Sunday, December 4

Tag: Cryptocurrencies

Bitcoin surges above $8,000 for the first time in 2 months ahead of a key halving in the crypto markets | Currency News | Financial and Business News
PR Wire

Bitcoin surges above $8,000 for the first time in 2 months ahead of a key halving in the crypto markets | Currency News | Financial and Business News

Reuters Bitcoin crossed the $8,000 mark for the first time on Wednesday since March ahead of "bitcoin halving" that will take place on May 12.  Some analysts expect the bitcoin halving to increase prices. "After the two previous halvings, we've seen the price reach an all-time high within 3-9 months — which would be $20,000 in this case," one analyst said. Track the price of bitcoin live here. Bitcoin surged 11% on Wednesday and crossed $8,000 the first time since early March as analysts said a key deadline that will reduce the amount of units is helping boost prices.  Bitcoin is currently trading around $8,625 as of 12.55 p.m ET.  The last time it was anywhere near this level was in March, before stock markets crashed and when the impact of coronavirus began to spread.  An...
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 ...