(Bloomberg) -- Bitcoin pared losses as a bout of acute geopolitical tension began to ease after earlier sparking steep drops in cryptocurrencies.Most Read...
-- Bitcoin pared losses as a bout of acute geopolitical tension began to ease after earlier sparking steep drops in cryptocurrencies.The digital asset at one point on Friday sank more than 6% to $59,643 but later steadied, changing hands at $62,160 as of 1:14 p.m. in Singapore. Tokens such as Ether, Solana and meme-crowd favorite Dogecoin also stabilized.Israel launched a retaliatory strike on Iran less than a week after Tehran’s rocket and drone barrage, sending tremors through global markets.
Halvings historically bolstered the price of the largest digital asset. This time around, Bitcoin hit a record in mid-March before the event, leading to questions about whether the putative impact has already been discounted by traders. JPMorgan Chase & Co. and Deutsche Bank AG strategists have said that the quadrennial halving is largely already priced in by investors. A batch of three-month-old spot-Bitcoin exchange-traded funds in the US have posted five straight days of net outflows ahead of the event.Instant view: Oil, Japan's yen up on reports Israeli missiles hit Iran
-- With just a day or so to go, JPMorgan Chase & Co and Deutsche Bank AG say that the once-every-four-years Bitcoin software update called the “halving” that has long been touted as one of the keys to propping up the cryptocurrency’s value is pretty much priced in.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin (BTC) vs. Memecoins: Navigating the Bitcoin (BTC) (BTC) Investment LandscapeOne such memecoin that has garnered significant attention is Shiba Budz (BUDZ). Introduced as a playful spin-off of the Dogecoin phenomenon..
Read more »
MicroStrategy takes the heat as BTC retraces to $63kA report shows MicroStrategy's stock risk exposure to Bitcoin wild price swings due to its leveraged accumulation strategy.
Read more »
India Smallcaps Recoup Losses Sparked by Regulator’s Froth AlertA key gauge of India’s small-cap stocks recouped the month-long losses sparked by the regulator’s concern over market froth, as the meltdown offered investors an opportunity to buy the dip.
Read more »
Dollarama reports Q4 profit, sales up from a year ago even as inventory losses riseMONTREAL — Dollarama Inc.'s new chief financial officer says shrinkage — a metric the company uses to track inventory lost through theft, damage and fraud — has increased but is showing signs of plateauing.
Read more »
Canadian Wildfires Blamed for Global Surge in Tree LossesA global forest study reveals that Canadian wildfires in 2023 were responsible for a significant increase in tree cover loss worldwide. The study highlights that without considering Canada's losses, global tree loss would have decreased by four percent. The report attributes over 90 percent of Canada's tree losses to wildfires, which saw a five-fold increase compared to the previous year.
Read more »
Canadian Wildfires Blamed for Global Surge in Tree LossesA global forest study reveals that Canadian wildfires in 2023 were responsible for a significant increase in tree cover loss worldwide. The study highlights that without considering Canada's losses, global tree loss would have decreased by four percent. The report attributes over 90 percent of Canada's tree losses to wildfires, which saw a five-fold increase compared to the previous year.
Read more »