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Tag: bitcoin

Important things to know before the stock market opens Wednesday

Here’s a list of the most important news, trends and analysis that investors need to start their trading day: 1. Dow could rebound after breaking three-day winning streak Stock futures for the United States increased on Wednesday after the Dow broke a three-day winning streak. The 30-stock average closed down 81 points on Tuesday as the market struggled for direction ahead of Memorial Day weekend. It was up more than 100 points at session highs. 2. Bitcoin makes some progress, but the recent collapse has strengthened gold prices Prices for the popular cryptocurrency “Bitcoin”...

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Bitcoin sinks 12% after Elon Musk tweets that Tesla won’t accept it as payment

CNN — The price of bitcoin sank about 12 percent early Thursday morning after Tesla CEO Elon Musk said his company was suspending plans to accept the cryptocurrency as payment for electric cars. The price of one Bitcoin now sits around $50,900, according to cryptocurrency news website Coindesk. Musk cited the cryptocurrency’s high environmental cost as reason for the move, after months of being bullish on it. “We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel,”...

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