Within a couple of hours Wednesday, bitcoin prices skyrocketed to their highest levels in months, adding on to weeks of moderate gains amid a flurry of positive developments for the recently struggling market, with U.S. Bank and Bank of America among the latest legacy financial institutions embracing the space. KEY FACTS - Bitcoin’s price jumped 10% to more than $55,000 by 12:30…
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Though it's been one of the year's fastest-appreciating cryptocurrencies, Solana's sol token has given up much of its massive gains this week, plunging more than 35% from last week’s record high following a network outage that some experts believe could bolster the case for more-established platforms like Ethereum. KEY FACTS - Sol tanked as much as 10% Friday to $135.25, marking…
El Salvador acquired roughly $21 million worth of bitcoin on Monday, President Nayib Bukele announced, buoying the crypto market ahead of making history Tuesday by becoming the first country in the world to formally adopt the digital currency as legal tender. KEY FACTS - El Salvador bought its first 400 bitcoins in two lots on Monday—worth an estimated $21 million based on bitcoin’s…
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