|Day's Range||8,333.334 - 8,928.571|
|52 Week Range||1,256.2300 - 18,750.9258|
Digital assets are moving higher Friday, looking to build on gains over the past 48 hours. After two losing days to begin the week, the No. 1 digital currency is more than 5% off its Tuesday low and at ...
The digital coin's stellar run, compared to the benchmark S&P 500's 13.4% gain over a year, led many once on the sidelines to get into crypto investing due to fear of missing out on the next big thing in tech. “We estimate the break-even point for big mining pools should be US$8,600, even if we assume a very low electricity cost (US$0.03 kW/h)," wrote Morgan Stanley equity analyst Charlie Chan in a research note Thursday.
Bitcoin and other virtual coins were higher on Friday as the European Union Parliament supported a move to require cryptocurrency exchanges to apply customer verification rules to their platforms. Under the measure, exchanges, platforms and wallet providers will have to apply due diligence procedures that are designed to combat money laundering. The rules would also reduce the amount for identifying holders of prepaid cards from €250 to €150.
A lesser-known bitcoin indicator appears to be undergoing a notable change, one that could signal where the crypto asset's price is heading.
Investing.com – Cryptocurrencies continued to rebound on Friday, while reports that South Korean-based crypto exchange Bithumn is considering to issue its own digital coins in Singapore garnered some attention.
The value of all cryptocurrencies moved above $350 billion Thursday, with bitcoin — which accounts for more than 40% of all 1,575 digital currencies — recording back-to-back winning days. On Tuesday, Eric Schneiderman’s office sent a questionnaire to 13 digital-currency exchanges seeking information to help improve transparency and better protect investors.