The excessive price volatility of Bitcoin- which has a finite supply and is distributed via cryptology, with no central intermediary-has elicited numerous discussions about whether the digital asset has intrinsic value. Since its launch in early 2010, Bitcoin has displayed a wild price ride, hitting an all-time high price of around $64 000 in April 2021. Thus, 2017 was a historic year in Bitcoin's price charts: the coin started at $1000 and ended at $19 783.06, representing a 1 824%…
Tag: CNBC
Robinhood Temporarily Restricts Crypto Trading As BTC and DOGE Go Ballistic
Following the recent surge in the prices of the top cryptocurrency, bitcoin (BTC), and the meme-inspired digital token, Dogecoin (DOGE), the popular trading app Robinhood abruptly restricted the trading of cryptocurrencies on all of its platforms. According to a Friday report by CNBC, the investing platform temporarily stopped its customers from making deposits into their digital wallets for crypto purchases. Thus, customers can only buy cryptocurrencies using only the funds that they had already deposited into their accounts before the…
9 months ago
