Currencies articles

SALT LAKE CITY, UT - APRIL 26: A pile of Bitcoins are shown here after Software engineer Mike Caldwell minted them in his shop on April 26, 2013 in Sandy, Utah. Bitcoin is an experimental digital currency used over the Internet that is gaining in popularity worldwide. (Photo by George Frey/Getty Images)

Bitcoin Today: Price Breaks Below Key $9,000 Level, India Cracks Down

Bitcoin Today: Price Breaks Below Key $9,000 Level, India Cracks Down

February isn’t off to a great start for cryptocurrencies. Prices of all the major coins were falling Thursday, with bitcoin breaking beneath a psychological barrier at $9,000. As market caps shrink, these are the headlines you can’t miss on Thursday, Feb 1. Price Pitfalls Bitcoin dipped below $9,000 for the first time in more than


How Cryptocurrencies Could Take on Dollars, Euros and the Yen

While traditional and institutional investors are intrigued by the burgeoning crypto-economy, it’s clear that many are apprehensive to jump in because of the volatility and uncertainty surrounding it. If the goal is to make cryptocurrencies into a new normal, what, then, would make them as commonly used as dollars, euros and yen for everyday folks? Over


People Who Bought Bitcoin at $19,000 Were Foolish and Will Get Wiped Out

Investing in bitcoin is as controversial as washing down a diet pill with a caffeinated energy drink. Speaking on the sidelines of the Vancouver Resource Investment Conference, well-known market pundit and bitcoin hater Peter Schiff said, “the number of people who bought into the market at $12,000 [a coin], $13,000, $14,000, is enormous…people had no

Banks,Financial Services,Internet Hardware,Internet Software,Internet,Software,US:BTCUSD,US:SBUX,US:AXP

Bitcoin Plunge Continues; Prices Dip Below $13,000 in Cryptocurrency Corrrection

Bitcoin prices extended declines Friday amid one of the cryptocurrency’s most volatile weeks, which saw the year’s hottest investment phenomenon fall nearly 40% from its recent peak of just under $20,000 each. Bitcoins on the bitstamp exchange, which feeds prices into the reference rate for the CME Group’s benchmark futures contract, were changing hands at


Dollar gains, pulls euro back from $1.20 target

The U.S. dollar pared losses against its main rivals Monday, following stronger-than-expected home sales data and comments by a Federal Reserve official that put the central bank’s December policy meeting back on investors’ minds. Meanwhile, the euro, which had edged closer to the psychologically important level of $1.20 on optimism over the German economy and

Banks,Financial Services,Chemicals,Manufacturing,US:GS,US:BTCUSD,US:JPM,US:SPX,US:DJIA,US:COMP

Bitcoin eyes $10,000 milestone as ‘mesmerizing’ performance continues

Bitcoin surged to a new all-time high early on Monday, setting sights on the $10,000 milestone just a day after topping $9,000 for the first time ever. As traders returned from the Thanksgiving weekend Monday morning, the cryptocurrency BTCUSD, +3.12%  was up 3.1% at $9,616.74, according to CoinDesk, pulling back from a level of $9,732.76


Dollar on track for second weekly loss in a row

The U.S. dollar lost ground Friday, slipping after a report said that U.S. special counsel Robert Mueller’s probe into Russian election interference has made its first official order for information connected to President Donald Trump’s campaign. That drop for the greenback reversed some of the gains the currency logged Thursday after the House voted in


Dollar retreats as oil rally buoys resource-linked currencies

The dollar gave up its gains against rivals Monday as a rally crude-oil prices delivered a boost to currencies of countries pegged to commodities. What were currencies doing? Against the Canadian dollar USDCAD, +0.4644% the buck slipped to C$1.2715, compared with C$1.2763 late Friday. Earlier in the session, the Canadian dollar shrugged off the rise


Dollar gains ground after upbeat ISM data, but finishes the week flat

The U.S. dollar recovered from earlier losses against many of its major rivals on Friday, buoyed by a better-than-expected ISM services index, which came in at a 12-year high, but was set to close out the week little changed. Earlier in the session, the greenback had been rattled by a smaller-than-expected rebound in October jobs

Currency,Euro,Yen,Pound,U.S. Dollar,Federal Reserve

Dollar Edges Higher Ahead of Jobs Report; Powell Choice at Fed Tempers Gains

The U.S. dollar inched higher in European trading as investors put cautious bets in place ahead of the Labor Department’s October employment report that is expected to show a surge in post Hurricane Harvey hiring. The dollar index, which benchmarks the greenback against a basket of six global currencies, was marked 0.11% higher at 94.79 by