Bitcoin at two-month low, hits $57,000 level amid US election uncertainty, Mt. Gox outflows

Bitcoin at two-month low, hits $57,000 level amid US election uncertainty, Mt. Gox outflows

Bitcoin dropped to a two-month low on Thursday, fell over 4 per cent to $57,711 amid uncertainty over the U.S. presidential elections and reports of bitcoin supply from a defunct Tokyo-based crypto exchange. Bitcoin fell to its lowest level since May 2, and has lost more than 6 per cent this week. Also Read | … Read more

Bitcoin plunges 3.7% to $66,870; here’s why its falling

Bitcoin plunges 3.7% to $66,870; here's why its falling

World’s biggest cryptocurrency Bitcoin slid as much as 3.78 per cent to $66,817 on Tuesday reflecting trader anxiety ahead of the US inflation data release and the Federal Reserve’s monetary policy decision. Bitcoin reached a record high of $73,798 in March, boosted by inflows into dedicated US exchange-traded funds. However, it has struggled to achieve … Read more

Bitcoin gained 150% in FY24, to remain in positive trajectory in FY25: Experts

Bitcoin gained 150% in FY24, to remain in positive trajectory in FY25: Experts

At the beginning of the fiscal year 2023-24, Bitcoin was valued at approximately $28,500. However, by March 2024, its price had surged dramatically to an impressive $73,750. In the year starting April 1, 2023, Bitcoin has had a remarkable run. Bitcoin gained more than 50% by mid-June 2023, rallying alongside tech stocks to trade around … Read more