A senior executive at Goldman Sachs said a report that it is backing away from a cryptocurrency trading desk is “fake news.” The original story in Business Insider spooked the market on Thursday. That resulted in a near $1,000 per coin drop in bitcoin prices,
Bitcoin and other cryptocurrencies hopped on a downbound train over the last 24 hours, following up yesterday’s massive hit to the bottom line with a sequel.
As of early morning, bitcoin was sitting around $6,400, down about $500 from yesterday’s $6,900 level. That mark was also down $500 from previous day highs,
Bitcoin did an abrupt about face this morning, as investors were spooked by a news report that institutional giant Goldman Sachs was dropping plans for a cryptocurrency trading desk.
Business Insider reported Wednesday that Goldman Sachs sees the regulatory environment as ambiguous and therefore too risky to delve into cryptocurrencies.
Bitcoin continues to surge as the US returns from a long holiday weekend. As of early morning on Tuesday, bitcoin sits above the $7,300 mark, up more than one percent in the last 24 hours and seemingly gaining momentum.
Elsewhere, Litecoin and Bitcoin Cash continue to gain.
Bitcoin rallied back above the magic $7,000 mark over the weekend, displaying renewed vigor after a brief round of profit-taking.
As of mid-morning on Monday (a holiday in the US), bitcoin sat at the $7,200 mark, a gain of about half a percent.
Investors were in a holiday mood heading into the US Labor Day long weekend, as yesterday’s minor dip in the crypto markets was in turnaround on Friday.
At mid-morning, bitcoin was back up to the $6,900 per single coin mark, a gain of slightly more than one percent over the last 24 hours.
Bitcoin and other cryptocurrencies in the top ten continued a soft descent today, with prices down two to as much as seven percent in the top ten coins.
As of mid-morning, bitcoin was in the $6,800 per single coin range, down slightly more than two percent over the last 24 hours after rising as high as $7,200 on Wednesday.
Yesterday’s big run-up in prices for the top ten coins came back to earth today, as the markets digested the Tuesday gains and awaited what comes next.
At mid-morning, bitcoin sat at the $6,900 per single coin level, down from yesterday’s $7,200 plus highs.
One of the strongest days for bitcoin and cryptocurrency in months arrived on Tuesday, as prices climbed and green arrows were plentiful in the top ten coins.
At mid-morning, bitcoin sat just above the magic $7,000 per single coin mark, boosting the rest of the cryptocurrency markets.
Bitcoin and the rest of the cryptocurrency markets surged forward today, showing some strong gains after a relatively quiet period.
At mid-morning, bitcoin was at the $6,700 per single coin mark, up close to two percent over the last 24 hours. Ether, XRP and Bitcoin Cash had similar gains,