Bitcoin loses 10% of value in 24 hours, crypto down 14% worldwide


by Newsweek

Newsweek— Major cryptocurrencies have taken a hit and are down about 14% worldwide, led by Bitcoin, which represents about 60% of the market by value, CoinMarketCap reported.

@Yahoo—Bitcoin Nears $1 Trillion Value as Crypto Jump Tops Other Assets.... (Bloomberg) -- Bitcoin is closing in on a market value of $1 trillion, a surge that’s helping cryptocurrency returns far outstrip the performance of more traditional assets like stocks and gold.The largest token has added more than $415 billion of value in 2021 to about $956 billion, data compiled by Bloomberg show. The Bloomberg Galaxy Crypto Index, which includes Bitcoin and four other coins, has more than doubled.Speculators, corporate treasurers and institutional investors are thought to...

CNBC—Crypto hedge funds see big returns as bitcoin boom gains steam: CNBC After Hours. CNBC.com's Pippa Stevens brings you the day's top business news headlines.

Business Insider—Musician 3LAU sells the world's first-ever crypto-albums, making $11.6 million in under 24 hours. One song from 3LAU's album sold for over $3.6 million. The EDM artist said NFTs could help musicians subsidize concert revenue losses from 2020.