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Search Result for “$8 billion”

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INVESTMENT

Bitcoin’s longest losing streak of 2024 casts cloud over crypto

Bloomberg News, Published on 09/05/2024

» MUMBAI - Bitcoin is grinding lower as part of a US$500 billion slide in digital assets, stoking questions about whether the crypto rebound has peaked.

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INVESTMENT

Bitcoin ETF discounts reach records after late-day selloff

Bloomberg News, Published on 02/05/2024

» NEW YORK - Prices of some of the biggest spot-Bitcoin exchange-traded funds closed Tuesday at their largest discounts to the value of their underlying assets since they were launched.

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INVESTMENT

Bitcoin surges to $50,000 for first time since 2021

Bloomberg News, Published on 13/02/2024

» BOSTON - Bitcoin hovered around US$50,000 after briefly scaling the closely watched level for the first time in over two years, a remarkable comeback from the crypto scandals and wipeouts that cast doubt on the industry's viability.

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INVESTMENT

Bitcoin down about 20%

Bloomberg News, Published on 23/01/2024

» PORTLAND - Bitcoin has fallen almost 20% since the Jan 11 launch of the first exchange-traded funds investing directly in the token as speculators become more cautious about the potential impact of the products.

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INVESTMENT

Bitcoin ETFs take Wall Street by storm with historic debut

Bloomberg News, Published on 12/01/2024

» NEW YORK - Wall Street may be divided over crypto's investment credentials but for Bitcoin brethren Thursday delivered validation: The first United States exchange-traded funds investing directly in the largest digital currency finally went live.