More From Futures Now A bitcoin sale by the Treasury could send shock waves through the cnbc market, strategist warns. Bitcoin could 'easily double' insays Cnbc Tom Lee. The country's customs service bitcoin Wednesday that it had uncovered cryptocurrency price worth Digital currency has real value — Here's why. Price previously considered eliminating cryptocurrency exchanges, which threw the market into turmoil.
Should you invest in a cryptocurrency? Charles Hayter, CEO of Crypto Compare, said that investors were likely profit-taking as they prepared for risks ahead. South Korea brought in new rules to regulate cryptocurrency trading but stopped short of banning it outright. A Wall Street bull thinks stocks could hit an 'air pocket' mid before taking the next leg up. Facebook is banning all ads promoting cryptocurrencies — including bitcoin and ICOs.
More From Futures Now Bitcoin fire sale by the Treasury could send shock waves through the bond market, strategist warns. And on Price, the U. Not a Scientific Survey. Pay gains cnbc Trump's first year in office are the best since the Great Recession. Subscribe Futures Now price Facebook. Securities and Exchange Commission announced Tuesday bitcoin has obtained a court order to halt what is likely the largest initial coin offering ever. Download the latest Flash cnbc and try again.
But trading got off to a light start. Van-Petersen said that more institutions will get on board over time, but it won't happen quickly. Also, bitcoin has been trading sideways since the start of the year. But the Saxo Bank analyst said that bitcoin tends to trade around a certain level then "re-rates".
It's kind of building a foundation, then will re-rate a bit higher. Bitcoin and other coins, including ethereum and ripple , saw a big sell-off on Tuesday , however. And you can see transactions on their side eclipses transactions across other cryptos. Prices could triple by year's end, Bespoke analyst predicts Stephanie Landsman stephlandsman.
The bitcoin boom may be far from over. Vote Vote to see results. Not a Scientific Survey. Futures Now Oil market on brink of correction, energy expert Tom Kloza warns. Expect more big market swings, Wells Fargo says. Chart watcher sees a classic market theory predicting a problem for the rally. More From Futures Now A fire sale by the Treasury could send shock waves through the bond market, strategist warns. Bitcoin prices could triple by year's end, Bespoke analyst predicts.
A protracted cryptocurrency crash would 'spill over' into stocks, Wells Fargo warns. A 'big money indicator' is pointing to more record highs for stocks: Once the cryptocurrency market cracks, he contends, investor attitudes toward risk assets will change. According to Boockvar, the stock market could see collateral damage, but it would all be based on psychology — not on anything that's fundamentally wrong with the economy. After Tuesday's sell-off, investors would be wise to roll with the punches, says Wells Fargo's Scott Wren.
Ralph Acampora, called the godfather of technical analysis says a pause in the rally is coming. Stocks are under assault, but Wells Fargo's Scott Wren sees this as a market opportunity. Wall Street veteran Peter Boockvar predicts an epic crash will hit the cryptocurrency market. Vote Vote to see results. Not a Scientific Survey. Futures Now Oil market on brink of correction, energy expert Tom Kloza warns. Expect more big market swings, Wells Fargo says. Chart watcher sees a classic market theory predicting a problem for the rally.
Tom McClellan, The McClellan Market Report editor, explains the correlation between bitcoin prices to moves in the Dow. Jay Clayton, chairman of U.S. Securities and Exchange Commission. SEC halts one of the largest 'ICOs' ever as it wades deeper into the murky world of cryptocurrency offerings. PM ET Tue, 30 Jan. 16 Jan Bitcoin futures drop 20% as digital currency hits six-week low over crackdown fears. Cboe bitcoin futures fell 20 percent, triggering a temporary trading halt, while the price of bitcoin fell below $11, for the first time since early December, according to CoinDesk data. 1 day ago Digital currency bitcoin fell Tuesday as the 20 largest digital currencies by market capitalization all declined, according to CoinMarketCap. Bitcoin traded 12 percent lower near $9, as of p.m. ET, according to CoinDesk's bitcoin price index, which tracks prices from digital currency exchanges.