Bitcoin and cryptocurrency prices have had an unenviable September, struggling to make gains or even hold ground. The bitcoin price has lost almost 10% over the last 30 days, with China’s latest crypto crackdown sapping the enthusiasm of many bitcoin and crypto traders. Now, Tesla chief executive Elon Musk, one of the biggest boosters of…
Bitcoin and cryptocurrency prices have surged back in recent weeks after crashing earlier this year. The bitcoin price, which touched $65,000 per bitcoin in April before dropping to under $30,000, has this week topped $50,000 as smaller coins—including ethereum and its rivals cardano and solana as well as the meme-based dogecoin—have all soared. Subscribe now…
UKRAINE – 2021/03/25: In this photo illustration the QuantumScape logo is seen on a smartphone and a … [+] pc screen. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images In January, I saw three reasons to avoid shares of San Jose, Calif.-based electric battery maker QuantumScape. Since peaking at…
This is an excerpt from Deal Flow, Forbes’ daily newsletter about big buyouts, big mergers and the rest of Big Finance. Want a new edition in your inbox every afternoon? Subscribe here. It has already been the busiest year for IPOs in the U.S. since the dot-com boom, with superstar companies such as Robinhood, Coinbase…
Bitcoin and cryptocurrency prices have soared across the board over the last week, with the combined crypto market capitalization again passing the $2 trillion level. The price of the meme-based, somewhat satirical dogecoin—adopted this year as a pet project of Tesla TSLA billionaire Elon Musk—has added more than 10% this week, helping it climb to…
Tesla CEO Elon Musk speaks during the unveiling of the new Tesla Model Y (Photo credit should … [+] read FREDERIC J. BROWN/AFP via Getty Images) AFP via Getty Images Apple is a multi-trillion-dollar company, currently worth over $2.4 trillion. But it could be worth more than $3 trillion, if Apple CEO Tim Cook had…
Technical price action, not fundamental news, drives bitcoin forward. Getty Images Media outlets scrambled to find an explanation for bitcoin’s surge above $40,000 yesterday, settling on a dubious article in City AM, a free London newspaper, which quoted an unidentified “insider” at Amazon AMZN as saying that the online retailer was “ready to roll” with…
Bitcoin and cryptocurrencies have surged this week after two technology giants signaled their support for crypto (subscribe now to Forbes’ CryptoAsset & Blockchain Advisor and discover crypto blockbusters poised for 1,000% gains). The bitcoin price has added almost 10% over the last week, helped by a hotly-anticipated live discussion on bitcoin and crypto between Tesla billionaire Elon…
Bitcoin and cryptocurrency investors were yesterday glued to one of the most hotly-anticipated events in the crypto calendar so far this year—a live discussion between Tesla and SpaceX billionaire Elon Musk, Twitter’s Jack Dorsey, and major Tesla and bitcoin investor Cathie Wood. The bitcoin price jumped in anticipation of the virtual event, climbing back from…
Topline Despite his recent criticisms of the cryptocurrency, Tesla billionaire Elon Musk on Wednesday emphasized he is still a “supporter” of Bitcoin, and confirmed that he and both his companies—SpaceX and Tesla—own some, though reiterated his environmental concerns about the currency. Elon Musk, founder of SpaceX, speaks during the Satellite 2020 at the Washington Convention…