An oil processing facility at Abqaiq and the nearby Khurais oil field was attacked on Saturday.Marketsread more
"There is reason to believe that we know the culprit," Trump said in a post on Twitter.Politicsread more
Stocks fell on Monday amid fears that a surge in oil prices following an attack in Saudi Arabia could slow down global economic growth.Marketsread more
President Donald Trump signaled Iran is not telling the truth about the drone attacks on Saudi Arabia's largest oil facilities.Oilread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
U.S. Energy Secretary Rick Perry spoke to CNBC following drone strikes on Saudi Arabia's oil processing facilities.Oilread more
An extended Saudi oil outage could push Brent crude prices north of $75 per barrel, Goldman Sachs warned clients.Marketsread more
As investors worry about oil supply, airline and cruise ship stocks are getting hit, while some energy stocks are shooting upward.Marketsread more
Consumers in the U.S. prefer Apple's more expensive models, while the standard iPhone 11 appears to be more attractive to buyers in China, according to Kuo.Technologyread more
The Times updated an article detailing a previously unreported accusation against Justice Kavanaugh from when he was a Yale University student, noting that "the female student...Politicsread more
The U.S. faces less oil-shortage risk after weekend strikes on Saudi facilities because America has been aggressively developing its own domestic resources in recent years,...Oilread more
Tax selling was the culprit behind this year's massive bitcoin sell-offs, Spencer Bogart, a partner at Blockchain Capital, told CNBC.
"People realized way more tax gains in 2017 than they expected to," Bogart said Thursday on "Fast Money." "And now with crypto prices down 50 percent from their highs, people have to sell twice as much crypto just to cover those taxes."
"The tax selling has been a very real thing, and it has accelerated over the past couple of weeks," said Bogart, whose firm invests in a variety of crypto assets. "I'm not surprised as we get a bit closer to Tax Day that some of that pressure, that selling pressure, is starting to ease a bit."
In fact, with U.S. personal income taxes due in less than a week, bitcoin made a comeback Thursday morning — albeit a brief one — surging 17 percent to $8,011, according to Coinbase, before sliding back down below $8,000. Bitcoin's winning day pushed other cryptos — including ethereum, bitcoin cash, litecoin and ripple — to highs of their own.
Bitcoin rallied to $19,500 in mid-December 2017. While Bogart said he's not completely ready to call the end of the bitcoin bear market with unresolved regulatory concerns still lingering, he said "it would be very easy for bitcoin" to go over its December highs.
Other digital coins, Bogart pointed out, have had ICOs, or initial coin offerings, which prompted regulatory concerns and attracted the attention of the Securities and Exchange Commission.
"Bitcoin is in the safest place out of all the other cryptocurrencies out there," he said. "Bitcoin is the only one that very cleanly falls on the safe side of the SEC."