Bitcoin has fallen double digits over the last week amid a slew of bad news, and one strategist said this loss of momentum could prove negative for the cryptocurrency in the near term. Boris Schlossberg, managing director of foreign exchange strategy at BK Asset Management, told CNBC's "Trading Nation" that...
Bitcoin sunk below $10,000 last Tuesday afternoon on Coinbase, after topping the psychologically key level in November. Some other cryptocurrencies followed. Ethereum fell 30 percent, to under $1,000, while Ripple decreased below $1. Almost every major digital currency experienced substantial losses throughout the day. Late Tuesday night, Ethereum sold a little...
The cryptocurrency market has lost $340 billion of value since the start of January, with a severe sell-off on Tuesday and Wednesday. Analysts are variously blaming: concerns about regulation, light trading volumes in Asia, bitcoin futures, and an unsustainable price run-up. Expect the volatility to continue this year,...
Salesforce CEO Marc Benioff warns that new technologies could kill one-third of the jobs in the US and create a world of have and have-nots. He believes CEOs and business leaders must think beyond their own balance sheets and take responsibility now for people displaced by new tech. In the...
The stock market is on fire. The Dow just zoomed another 300 points and closed above 26,000 for the first time. The latest rush to buy stocks left the average up almost 8,000 points since President Trump's 2016 election. The rally on Wednesday gave the Dow its best percentage gain since...
U.S. President Donald Trump said on Wednesday he would announce a decision soon on whether to slap tariffs on imported solar panels, and quipped that when countries dump subsidized panels in the United States, “Everybody goes out of business.” The solar industry is anxiously awaiting the decision, which will have...