Bitcoin fell by as much as 5.7% on Tuesday in its largest one-day drop in two weeks, as a wave of selling hit cryptocurrencies and other risk assets, such as stocks.
The price was last down 5.25% at $63,806, having hit a two-week low of $63,555, while ether dropped 5.1% to $3,326.
Bitcoin is still showing a 52% gain for the year so far, as investors have piled into U.S. exchange-traded funds backed by spot bitcoin.
Europe’s automotive industry is undergoing a significant transformation. This column uses firm-to-firm data to map…
Numerous studies have analysed the effects of AI on productivity, growth and employment. Few of…
The Bank of England is approaching the 30th anniversary of operational independence and a wide-ranging…
The 2026 Iran war provides a natural experiment that allows model-free estimation of the price…
Estimates of the cost of Russia’s war on Ukraine are dominated by what the war…
Modern manufacturing often requires firms to share confidential information with outside suppliers, some of whom…