Browsing: Past

Bitmine Chair Tom Lee explains why Ethereum could hit a new all-time high past $5,000 this year

Bitcoin’s price snapped its recent downward trend, briefly touching $77,000 before settling around $76,600. Despite sharp swings and pressure from a unanimous 25-basis-point Fed rate hike, bitcoin maintained a $1.54 trillion market cap with a 1% daily gain.

Coinbase Global (COIN) CEO Brian Armstrong said he’s moving past the crypto industry’s big bill two days after the Senate failed to advance the landmark legislation. (Disclosure: Yahoo Finance has a partnership with Coinbase.)

Over the past 90 days, Bitcoin’s (CRYPTO: BTC) price rose 21%. That rally was partly driven by the U.S. national debt reaching a record $40 trillion in late August, making the world’s top cryptocurrency a more attractive hedge against the gradual debasement of the U.S. dollar.