CRYPTO INSIDER: Bitcoin falls again
Advertisement
Mike Segar/Reuters
Advertisement
Welcome to Crypto Insider, Business Insider's roundup of all the bitcoin and cryptocurrency news you need to know today. Sign up here to get this email delivered direct to your inbox.
Bitcoin is slumping again, down 8% Monday, as the flagship cryptocurrency pares many of Friday's gains. The brief buoyancy was seen as a possible correction to last week's bloodbath.
Here's the scoreboard as of Monday morning:
- Bitcoin (BTC): $10,594 (-8.0%)
- Ethereum (ETH): $973 (-7.1%%)
- Ripple (XRP): $1.19 (-5.8%)
- Bitcoin Cash (BCC): $1,587 (-10.3%)
- Litecoin (LTC): $175 (+7.9%)
What's happening:
Advertisement
- The world's most valuable bitcoin startup just grabbed an ex-Twitter exec to make cryptocurrency more user-friendly
- Financial watchdogs are going through the cryptocurrency market with a 'fine tooth comb'
- DEUTSCHE BANK: Correlation between bitcoin and Wall Street's 'Fear Index' is increasing 'dramatically'
- Shares of a telecom company jumped 130% after it pivoted to blockchain.
- The electricity needed to mine one bitcoin is more than the average American household uses in two years, Morgan Stanley estimates.
- Bitcoin's fluctuations are too much even for cybercriminals, who are beginning to instead denominate their ransoms in US dollars
- Finally, OF COURSE governments won't give up control of money - that's why crypto is crashing
Get the latest Bitcoin price here.>>
EXCLUSIVE FREE REPORT:
The Bitcoin 101 Report by the Business Insider Intelligence Research Team.
Get the Report Now »
The Bitcoin 101 Report by the Business Insider Intelligence Research Team.
Get the Report Now »
Advertisement
- CEO says he tried to hire an AI researcher from Meta, and was told to 'come back to me when you have 10,000 H100 GPUs'
- We bought a house in Japan for $30,000. We'll have more land than we could afford in the US, and our kids will be more independent.
- Rumors Prince William is having an affair with Rose Hanbury are flooding social media again after Stephen Colbert waded into 'Katespiracy'
- COVID-19 vaccine can slash risk of post-infection heart failure by half, study finds
- Stock markets close higher in volatile trade ahead of key Fed policy meeting
- 10 Must do activities in Kodaikanal on your next trip
- Harnessing the benefits of weekly fasting: transforming your health inside out
- Citroen to supply 4,000 units of EV e-C3 to BluSmart Mobility in 12 months