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‘I pump, I don’t dump’: Bitcoin, Ether and Dogecoin prices surge after Elon Musk says he owns cryptos

Bitcoin zoomed past $32,000 after Elon Musk, Jack Dorsey and Cathie Wood spoke during a panel on the future of Bitcoin. The largest digital currency rose more than 8% to about $32,270 on Wednesday. Other cryptos advanced too, including Ether and Dogecoin. Musk, the chief executive of Tesla Inc., reiterated his backing of Bitcoin, saying […]

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Business World

Cryptocurrency market takes deep plunge, nearly $1 trillion wiped off

The crypto markets took a deep dive on Wednesday that at one point it nearly wiped off $1 trillion market capitalization. Bitcoin and ether tumbled to a low of 3.5 months. They are on track to post their largest one-day loss since March last year. Bitcoin, the biggest and best-known cryptocurrency, had already been under […]