Bitcoin dips below $20,000

Bitcoin cryptocurrency

Bitcoin dipped below $20,000 on Saturday, continuing a drop that has taken it down nearly 60% from its year high.

Bitcoin , the world’s biggest and best-known cryptocurrency, was last down 1.5% at $19,946 on Saturday, down $298 from its previous close.

It is down 58.7% from the year’s high of $48,234 hit on March 28.

Ether , the coin linked to the ethereum blockchain network, meanwhile dipped 2.76 % to $1,467.2, losing $41.60 from its previous close.

Bitcoin’s fall comes after a weak day on Friday for the currency, which fell as Wall Street slumped with all three benchmarks ending more than 3% lower.

The weakness in risk assets came after Federal Reserve Chief Jerome Powell cautioned against expecting a swift end to its rate tightening. The Fed’s actions on interest rates has caused some investors to forecast more pain for equities. read more

Bitcoin was last below $20,000 in mid-July.



from Science and Technology News - Latest science and technology news https://ift.tt/kCjIbwd

Comments

Post a Comment

Popular posts from this blog

Samsung trolls Apple for ‘Crush!’ in Galaxy Tab S9 Ad

Image
After Apple received flak for the new iPad Pro 2024 commercial, Samsung mocked the technology giant in an Ad for its Galaxy Tab S9. The Ad, shared by Samsung Mobile USA on its Instagram page, shows a woman walking over debris and paint reminiscent of Apple’s “Crush” Ad that saw an industrial press crushing things including books, musical items and paint. The woman is then seen picking up a damaged guitar and begins playing tunes assisted by notes displayed on her Galaxy Tab S9. The Ad ends with, ” Creativity cannot be crushed,” as Galaxy Tab S9 Series with Galaxy AI is mentioned on the screen.   View this post on Instagram   A post shared by Samsung Mobile USA (@samsungmobileusa) It is pertinent to mention that Apple’s Ad, titled “Crush!” for iPad Pro 2024 angered many including Hollywood stars who said that the tech company conveyed a wrong message by crushing a record player, a piano, a guitar, an old TV set, cameras, a typewriter, books
Read more

South Korea, Britain host AI summit with safety top of agenda

Image
SEOUL: South Korea and Britain kick off a major international summit on artificial intelligence in Seoul this week, where governments plan to press tech firms on AI safety. The meeting is a follow-up to the inaugural global AI safety summit at Bletchley Park in Britain last year, where dozens of countries voiced their fears to leading AI firms about the risks posed by their tech. Safety is again on the agenda at the AI Seoul Summit starting Tuesday and representatives are expected from leading AI firms, including ChatGPT maker OpenAI, Google DeepMind, French AI firm Mistral, Microsoft and Anthropic. “As with any new technology, AI brings new risks, including deliberate misuse from those who mean to do us harm,” South Korean President Yoon Suk Yeol and UK Prime Minister Rishi Sunak said Monday in a joint article. “However, with new models being released almost every week, we are still learning where these risks may emerge,” they said in the piece, published by the South Korean dail
Read more

Google News down for millions of users globally

Image
Google News stopped functioning on Friday preventing millions of its users globally from searching latest updates and queries. While Google Search engine continues to operate normally, the “News” tab is not showing results. The ‘News’ tab is experiencing an outage on its desktop page, iOS and Android apps while some complained that Google Search is also affected. Users began complaining about the issue earlier today which has now affected users globally. In the news dedicated section, users are not able to see the results of their search while the “filter” option has also stopped functioning around the world. Read more: Google to invest $2 bn in Malaysia: government Meanwhile, the company has not issued any statement regarding the issue and its cause or provide an estimated time for a fix. Users in United States, United Kingdom, India, Canada and European countries also reported facing issues in searching news. Along with Google News, Google Discover has also been affected by
Read more