Bitcoin falls
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Bitcoin nears all-time high of $109,000
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Bitcoin initially rose to $109,857 in value during trading Wednesday morning as trade war tensions eased between the United States and China and a recent U.S. credit downgrade.
Saylor has also clarified that the company intends to keep buying, even at all-time highs. Interestingly, Strategy has never sold Bitcoin. Strategy's share price sits at 419.57 at press time, up over 0.66% over the last day.
On May 21, Bitcoin options markets showed a slight increase in demand for put (sell) options, but nothing unusual. For comparison, the put-to-call ratio at Deribit dropped to 0.4x during the previous bull run on Jan. 20, reflecting lower confidence due to reduced volumes in call (buy) options.
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Bitcoin erased most of its gains after briefly setting a new record price earlier Wednesday. The flagship cryptocurrency was last trading flat at $106,678.74, according to Coin Metrics, after Treasury yields spiked and stocks fell to session lows.
Bitcoin's price is creeping back toward all-time highs this week, but one options trade is eyeing much bigger gains in the month ahead.
El bitcóin alcanzó un máximo histórico después de que el avance de la legislación sobre las criptomonedas estables en Estados Unidos avivara las esperanzas de claridad regulatoria bajo el mandato del presidente Donald Trump.
US stocks open lower. Target cuts sales outlook but Lowe's tops estimates. 30-year bond yield hits 5% and oil prices rise.
Bitcoin soared to a fresh record on Wednesday amid increasing acceptance of cryptocurrencies on Capitol Hill and Wall Street.