Market Wrap: Crypto Market Cap Breaks $1.5T as Buyers Show Up for the Dip

Bitcoin has fully pared losses from Sunday’s dip as the leading cryptocurrency fell from around $48,600 to below $46,000 early Monday morning. As of 21:00 UTC (4 p.m. ET), bitcoin was trading above $48,600 on Coinbase. But the leading cryptocurrency still has yet to trade above the psychologically significant $50,000 mark.  Much of bitcoin’s choppy […]

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China Was Questioning Tesla About Quality Problems. Then Bitcoin Happened

Tesla’s $1.5 billion bitcoin investment couldn’t have come at a better time for the electric car manufacturer. As it happened, about the time the company revealed its massive stake in the cryptocurrency on Feb. 8, Chinese officials had announced that five agencies were questioning Tesla about quality and safety issues. Specifically, China’s State Administration for […]

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Ether Cryptocurrency Passes $1,800 for First Time

Ethereum’s ether cryptocurrency rallied to new lifetime highs early on Tuesday amid a continued drying up of sell-side liquidity in the market. The second-largest cryptocurrency registered a record high of $1,824.59 during the European trading hours, surpassing the previous peak price of $1,761.35 hit on Feb. 5, according to CoinDesk 20 data. The cryptocurrency is […]

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Bitcoin Tops $47K After Tearing Through $45K, $46K in Tesla-Fueled Rise

In a run reminiscent of bitcoin’s stunning ascent in early January, the price of leading cryptocurrency blew past $45,000, $46,000 and $47,000 in less than an hour on Monday evening, driven by Tesla’s announcement that it had bought $1.5 billion of bitcoin. UPDATE (Feb. 8, 23:35 UTC): Updates to add bitcoin passed $46k for the […]

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Could Scalable Bitcoin Payments Undermine the Asset’s Value?

With the wild journey that is bitcoin price swings so far this year, you might have missed the accelerating rhythm of companies announcing services to support bitcoin for payments. We’re not talking about small idealistic startups, either. A week ago, on Visa’s Q1 earnings call, CEO Al Kelly said the company may add cryptocurrencies to […]

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A GameStop-Like Mania Is Unlikely in China’s Stock Market

Could GameStop-style short-selling speculation show up in China’s stock market?  Last week’s market frenzy in the U.S. may have inspired China’s crypto community to make more bets on dogecoin (DOGE) and bitcoin (BTC), but even the boldest traders are unlikely to try stirring up that kind of short-selling speculation in Chinese stocks. “The Chinese financial […]

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Portfolio App Blockfolio Adds Crypto, Stock Trading to Capitalize on GameStop Drama

Blockfolio has launched zero-fee cryptocurrency trading within its portfolio tracking app, according to an announcement Friday. The firm is also listing all tokenized stocks listed on derivatives exchange FTX in the trading service (available to non-U.S. users only). A Blockfolio representative told CoinDesk it decided to include these offerings due to the ongoing situation with […]

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