Tags : Worries

Market

Bitcoin Worries ‘Fading’ as Crypto Goes Mainstream, S&P Says

Bitcoin has “a lot of similarities” with gold, and consumer fears of the cryptocurrency being stolen are fading, according to a new report from a unit of the bond-rating and investment-index firm Standard & Poor’s. “Concerns of bitcoin theft were rampant a few years ago,” Jim Wiederhold, associate director for commodities and real assets for […]Read More

Market

Bitcoin Sells Off on Bearish Sentiment, Yellen Worries

Bitcoin’s price slumped by around 5.6% in the past 24 hours thanks to some Asian traders taking a short-term bearish view and concerns the new Biden administration in the U.S. will seek to put a damper on cryptocurrency use. Profit-taking occurred in the spot market during Asian market hours after bitcoin failed to consolidate around […]Read More