First Mover: It Might Be Getting ‘Silly’ as Bitcoin Passes $39K, $40K, $41K
It's taken just eight days in 2021 for bitcoin prices to surge more than 40%, and some analysts are starting to handicap the chances for a correction.
Bitcoin's powerful move over the past couple of months to more than $700 billion in market value is suddenly commanding more attention from global financial regulators.
Though bitcoin's rally has lost some steam, many traders are still in a bullish mood – and shifting to alternative cryptocurrencies known as "altcoins" whose prices have yet to clear all-time highs from years past.
The Federal Reserve might need to print money to help finance Biden's coronavirus relief proposal, to keep Treasury bond interest rates from climbing.
Record trading volumes have accompanied bitcoin's rally this year, and subsequent swoon, offering a healthy sign of just how much price discovery is taking place in rapidly growing (to $3T?) cryptocurrency markets.
Crypto euphoria gets a reality check as bitcoin and ether tumble, though XRP is still trading well as SEC-inflicted damage proves limited.