Cryptocurrency

Goldman Sachs Group Inc. is looking into investing in digital assets, the latest move by a US bank to enter the world of cryptocurrency, reported cryptocurrency news website CoinDesk.

Bitcoin resumed declines on Jan 13 as the digital coin heads for its worst week since March last year, casting doubt on the outlook for the cryptocurrency boom.

The white-knuckle Bitcoin ride took another twist Monday as a two-day tumble in the digital currency stoked concern that the polarising cryptocurrency boom may run out of steam.

Morgan Stanley’s investment management arm boosted a stake in Bitcoin vehicle MicroStrategy Inc. to more than 10% late last year.

Bitcoin is the ideal holiday gift for an underperforming hedge fund manager.

Bitcoin has the potential to reach US$146,000 in the long term as it competes with gold as an asset class, according to JPMorgan Chase & Co.

Bitcoin fizzled in Monday trading as the famously volatile cryptocurrency pulled back after a spectacular new-year rally.

The digital currency Ether reached a record on Monday a day after Bitcoin breached US$34,000 ($44,818.80) for the first time as the surge in cryptocurrencies continues.

Bitcoin vaulted above US$29,000 ($38,403.20) to reach yet another record level on the last day of 2020, in a fitting end to a groundbreaking year for the world’s largest digital currency.

Bitcoin surpassed US$21,000 ($27,933.80) for the first time, another milestone in what’s been an eye-popping rally for the controversial digital asset this year.