It was a long, grueling path for many in the crypto world, but it finally happened: The price of bitcoin crossed the $100,000 mark for the first time.
Beyond making bitcoin holders quite happy, given the digital...
Bitcoin (CRYPTO: BTC) is having a moment. After starting 2024 off with a bang, the cryptocurrency delivered disappointing performance from March through September. Now, Bitcoin is reaching new heights after rocketing up nearly 80% in the last three months.
The US economy added more jobs than forecast in November while the unemployment rate ticked higher as the labor market rebounded from a month negatively impacted by severe weather and labor strikes.
Data from the Bureau of Labor Statistics released Friday showed 227,000 new jobs were created in November, just...
Former US Secretary of the Treasury Larry Summers said in an interview with Bloomberg that the idea of a national Bitcoin (BTC) reserve is “crazy. “
Summers said he understands the concept of other commodities’ reserves, such as oil and gold, but argued:
“Of all the prices to support, why would...
Bitcoin hit a big milestone: On Wednesday night, the digital currency’s price crossed the six-figure threshold for the first time.
As of Friday morning, that number hovered around $99,000 according to CoinMetrics. Throughout the day on Thursday, though, the value rose as high as $103,844.
Here’s how much a $1,000 investment in bitcoin made...
Friday’s jobs report virtually cements that the Federal Reserve will approve an interest rate cut when it meets later this month. Whether it should, and what it does from there, is another matter.
The not-too-hot, not-too-cold nature of the November nonfarm payrolls release gave the central bank whatever remaining leeway it may...
U.S. stocks were lower on Thursday as investors awaited Friday’s big jobs report.
The Dow Jones Industrial Average dipped 248.33 points, or 0.55%, to close at 44,765.71. Meanwhile, the Nasdaq Composite slipped 0.18% to end at 19,700.26....
Oil prices edged lower on Friday, with weak demand in focus after the OPEC+ group postponed planned supply increases and extended deep output cuts to the end of 2026.
Brent crude futures fell 6 cents, or 0.1%,...
Golden bitcoin coin over defocused stock chart with copy space, Olsztyn, Poland 13 July 2021
The price of bitcoin soared past the long-awaited $100,000 benchmark for the first time ever late Wednesday evening.
By Thursday afternoon, the flagship...
Bitcoin’s meteoric run may have gotten a little extra push from an unlikely source: Federal Reserve Chair Jerome Powell.
In comments Wednesday about the cryptocurrency, the central bank leader noted that he does not and cannot own...
