Bitcoin has lost almost half its value since its November high, with cryptocurrency prices continuing to plunge as major economies look to curb their growing popularity.
And it's not just Bitcoin, as cryptocurrencies in general have had a dismal start to the year. Bitcoin has fallen over 8% in the last 24 hours, and was trading at US$35,479 as of Friday night, according to CoinDesk. The world's most valuable cryptocurrency has plummeted over 20% since the beginning of the year. In November it was trading at a record high of $68,990.
Its peers have fared worse. Ethereum, the world's second most valuable cryptocurency, has fallen more than 12% in the last 24 hours, and was trading at around $2,400 as of mid-morning Saturday, according to CoinDesk. That's an almost 30% drop since the start of the new year.
Investors are getting jittery about digital currencies and other riskier assets ever since the U.S. Federal Reserve signaled it may unwind economic stimulus more aggressively than expected.
Governments are cracking down as well. On Thursday, Reuters reported that Russia's central bank has proposed a ban on crypto use and mining. Russia is one of the biggest crypto-mining nations in the world, but its central bank said that digital currencies can pose a threat to the country's financial stability.
The Russian proposal comes just a few months after China launched a full-scale clampdown on cryptocurrency, banning both trading and mining.
Other countries are also flirting with a ban on crypto. In November, India said it was preparing to introduce a bill that would regulate digital currencies, although much is still unknown about that proposal. Earlier this week, India's prime minister Narendra Modi said that global cooperation is needed to tackle problems posed by crytocurrencies.
However, not everyone is pessimistic. Goldman Sachs said that the price of bitcoin could reach more than $100,000 within the next five years. In a report published earlier this month, the bank's analysts said they saw strong gains ahead because bitcoin would increasingly steal market share from gold.
Donald Trump has said he wouldn’t be a dictator — 'except for Day 1.' According to his own statements, he's got a lot to do on that first day in the White House.
King Charles III led the nation Sunday in a two-minute silence in remembrance of fallen service personnel in central London as the Princess of Wales looked on, a further sign the royal family is slowly returning to normal at the end of a year in which two of the most popular royals were sidelined by cancer.
The black balls – initially thought to be made of tar – were actually mini "fatbergs," made up of human feces, methamphetamine, human hair, fatty acids, and food waste, among hundreds of other vile and befuddling substances.
Police in Newfoundland say a man was electrocuted Saturday by a downed power wire about 10 kilometres north of St. John's, N.L.
No. 15 LSU has been criticized for unveiling a live caged tiger in its stadium for the first time in almost a decade before they were routed 42-13 by No. 11 Alabama in their SEC showdown.
Racist text messages invoking slavery raised alarm across the country this week after they were sent to Black men, women and students, including middle schoolers, prompting inquiries by the FBI and other agencies.
Paris police said Sunday that 4,000 officers and 1,600 stadium staff will be deployed for a France-Israel soccer match to ensure security in and around the stadium and on public transportation a week after violence against Israeli fans in Amsterdam.
As the possibility of mass deportations looms following Donald Trump's re-election on Tuesday, border towns like the City of Cornwall are preparing for a potential influx of asylum seekers.
Bitcoin on Sunday hit a new record above US$80,000. The world’s largest cryptocurrency surged in the run-up to Tuesday’s US presidential election, rose sharply immediately on election night after it became clear Donald Trump would win and has continued rising in the days since his victory.
Police in Newfoundland say a man was electrocuted Saturday by a downed power wire about 10 kilometres north of St. John's, N.L.
Nova Scotia's New Democratic Party says a candidate criticized by the Centre for Israel and Jewish Affairs for "troubling" and "damaging" social media posts is no longer running for the party in the Nov. 26 general election.
Dozens of people gathered in Surrey's Holland Park on Saturday to show their support for the family of missing 18-year-old Joseph Maku.
A woman is dead after a driver crashed a truck through a Boston Pizza in Fort McMurray late Saturday morning.
Brian Avery was three years old when he and his parents packed their belongings into a boat and pulled away from Deer Harbour, N.L., leaving behind their home, their way of life and centuries of family history.
On Thursday morning, Dave Penny officially ended a suggested hundred-day isolation period that followed his diagnosis and stem cell treatment for non-Hodgkin's Lymphoma. On Thursday night, Penny returned to a stage at a downtown St. John's bar, regaling a small crowd with songs and stories with a distinctive Newfoundland flair.
Donald Trump has said he wouldn’t be a dictator — 'except for Day 1.' According to his own statements, he's got a lot to do on that first day in the White House.
Thousands of Spaniards marched in the eastern city of Valencia on Saturday to demand the resignation of the regional president in charge of the emergency response to last week's catastrophic floods that left more than 200 dead and others missing.
Paris police said Sunday that 4,000 officers and 1,600 stadium staff will be deployed for a France-Israel soccer match to ensure security in and around the stadium and on public transportation a week after violence against Israeli fans in Amsterdam.
Bitcoin on Sunday hit a new record above US$80,000. The world’s largest cryptocurrency surged in the run-up to Tuesday’s US presidential election, rose sharply immediately on election night after it became clear Donald Trump would win and has continued rising in the days since his victory.
Racist text messages invoking slavery raised alarm across the country this week after they were sent to Black men, women and students, including middle schoolers, prompting inquiries by the FBI and other agencies.
The black balls – initially thought to be made of tar – were actually mini "fatbergs," made up of human feces, methamphetamine, human hair, fatty acids, and food waste, among hundreds of other vile and befuddling substances.
Canada's ambassador to the United States — and co-lead of the federal government's Team Canada war room — says U.S. president-elect Donald Trump has a different understanding of the bilateral relationship than he did during his first term in the White House.
NDP Leader Jagmeet Singh has thrown his weight behind a campaign fighting for better work rights for Kal Tire employees, joining a picket line of workers in Burnaby Saturday morning.
The Public Service Alliance of Canada says the government held a briefing with unions on Thursday to discuss the 'Refocusing Government Spending Initiative." PSAC says, "without prior consultation, the government unilaterally announced their plans to cut costs across the federal public service."
Just five more minutes of exercise doesn’t sound so bad, right? Especially when such a small amount may improve your blood pressure, according to a new study.
Researchers say taking a peek inside a person's brain is as difficult as understanding the universe or discovering the ocean in its entirety.
B.C. health officials say they have detected Canada's first-ever case of H5 avian influenza in a human.
Bernadett 'Bett'” Szabó, a 19-year-old Hungarian sex worker, was murdered in the Dutch capital in 2009. Now, more than 15 years after her death, police are hoping to uncover new information about her killing.
In 1916, Harold Wrong plucked a flower from the fields of Somme, France and tucked it into a letter he mailed home to Toronto. For decades, the type of flower sent remained a mystery.
Elwood Edwards, who voiced America Online’s ever-present 'You’ve got mail' greeting, has died Tuesday at his home in New Bern, N. C. He was 74.
On Thursday morning, Dave Penny officially ended a suggested hundred-day isolation period that followed his diagnosis and stem cell treatment for non-Hodgkin's Lymphoma. On Thursday night, Penny returned to a stage at a downtown St. John's bar, regaling a small crowd with songs and stories with a distinctive Newfoundland flair.
The first 'Saturday Night Live' since Donald Trump's election victory began with the most somber of tones as a group of plainly dressed cast members, primarily women and minorities, described their new reality.
Kate Winslet shared an anecdote about an encounter she had with someone from her star-making blockbuster film 'Titanic' while producing her new film 'Lee.'
Shannon Davidson was let go from her executive role at a marketing firm last year after a merger led to cuts. She knew she wasn't done with her career yet, but finding her next workplace in her mid-50s was a daunting prospect.
Bitcoin on Sunday hit a new record above US$80,000. The world’s largest cryptocurrency surged in the run-up to Tuesday’s US presidential election, rose sharply immediately on election night after it became clear Donald Trump would win and has continued rising in the days since his victory.
Contract negotiations resume today in Vancouver in a labour dispute that has paralyzed container cargo shipping at British Columbia's ports since Monday.
Doom spending, or the practice of spending money to soothe fears about broader issues like politics or the economy, shows up everywhere from YouTube and TikTok videos to Reddit to personal finance discussions and data in surveys.
A Vancouver designer is making waves in the architectural world with an outdoor modular building created to address the city’s unrelenting housing crisis.
A rare letter signed by three of the U.S. Founding Fathers of the United States is going on sale, and is expected to fetch up to US$1 million when it goes under the hammer next week.\
The Edmonton Oilers may have found the break they were looking for.
No. 15 LSU has been criticized for unveiling a live caged tiger in its stadium for the first time in almost a decade before they were routed 42-13 by No. 11 Alabama in their SEC showdown.
A Maui man who lost a part of his leg to a shark bite is now out of the hospital and thanking those who saved his life and helped him recover.
Select Porsche owners in Canada have been told to stop driving their cars immediately and to seek repairs after an issue was identified that could cause wheels to separate from vehicles.
A driver's trip from London, Ont. to Ottawa to visit their girlfriend ended in a traffic stop for speeding on Highway 417, according to police.
Recall notices have been issued for some Volkswagen models from 2006 to 2019 for airbag safety issues.
A congestion crisis, a traffic nightmare, or unrelenting gridlock -- whatever you call it, most agree that Toronto has a congestion problem. To alleviate some of the gridlock, the Ontario government has announced it plans to remove bike lanes from three major roadways.
For the second year in a row, the ‘Gift-a-Family’ campaign is hoping to make the holidays happier for children and families in need throughout Barrie.
Some of the most prolific photographers behind CTV Skywatch Pics of the Day use the medium for fun, therapy, and connection.
A young family from Codroy Valley, N.L., is happy to be on land and resting with their newborn daughter, Miley, after an overwhelming, yet exciting experience at sea.
As Connor Nijsse prepared to remove some old drywall during his garage renovation, he feared the worst.
A group of women in Chester, N.S., has been busy on the weekends making quilts – not for themselves, but for those in need.
A Vancouver artist whose streetside singing led to a chance encounter with one of the world's biggest musicians is encouraging aspiring performers to try their hand at busking.
Ten-thousand hand-knit poppies were taken from the Sanctuary Arts Centre and displayed on the fence surrounding the Dartmouth Cenotaph on Monday.
A Vancouver man is saying goodbye to his nine-to-five and embarking on a road trip from the Canadian Arctic to Antarctica.
Contract negotiations in a labour dispute that has paralyzed container cargo shipping at British Columbia's ports since Monday have been called off.
A Vancouver designer is making waves in the architectural world with an outdoor modular building created to address the city’s unrelenting housing crisis.
Connor McDavid scored and notched a pair of assists as the Edmonton Oilers trounced the Vancouver Canucks 7-3 on Saturday.
Taylor Swift’s Eras Tour is coming to Toronto this month and will likely be the most commercially successful concert series the city has ever seen.
Patrons were inside a movie theatre when a suspect fired bullets at the business’ doors on Saturday night, before the cinema was shot at again hours later in a second incident, police say.
A weapon that posed a “significant concern” for public safety, with photos allegedly shared across social media, has been confiscated from a Hamilton encampment.
A pair of 105-mm howitzers bark constantly as they turn plywood tank targets into kindling kilometres away on the windswept landscape of one of Canada's largest military bases.
On Saturday the City of Calgary held the first of three open houses seeking public input regarding the the intersection and roadways of Sarcee Trail and Bow Trail S.W.
Calgary’s Nick Tetz was crowned the 2024 Professional Bull Riders (PBR( champion Saturday night in Edmonton, besting Cody Coverchuk of Meadow Lake, Saskatchewan at Rogers Place.
Three people, including an eight-month-old have died after a two-vehicle collision on Highway 401 in eastern Ontario Saturday afternoon, according to the Ontario provincial Police (OPP).
A stabbing incident that happened in the early hours of Sunday morning in the ByWard Market has seriously injured two individuals, according to the Ottawa Paramedic Service.
The Canadian Pacific Kansas City (CPKC) holiday train will be passing through several eastern Ontario cities next month.
Researchers say taking a peek inside a person's brain is as difficult as understanding the universe or discovering the ocean in its entirety.
It's a century-old tradition that's carried on year after year with pride – we wear a poppy to honour our nation's veterans. But to retired lieutenant-colonel Henry F. Hall it's so much more.
Montreal police say a car was set on fire overnight Sunday in Montreal's Pointe-aux-Trembles area.
The Edmonton Oilers may have found the break they were looking for.
A boy is in hospital after being stabbed at a McDonald's in Beaumaris on Friday.
A woman is dead after a driver crashed a truck through a Boston Pizza in Fort McMurray late Saturday morning.
New Brunswick health officials are urging residents to get vaccinated after 11 new cases of measles were confirmed in the province.
It's been a trip to cherish for a group of Canadians visiting Belgium this week to honour the legacy of Indigenous soldiers.
A new pottery exhibition in Tatamagouche, N.S., is highlighting decades of artwork and the contributions of dozens of creators in the province.
Murray Sinclair’s family members say the late justice and senator has been laid to rest according to his wishes.
The Winnipeg Blue Bombers whipped the Saskatchewan Roughriders 38-22 in Saturday's CFL West Division final to earn their fifth consecutive trip to the Grey Cup.
Winnipeg Sun sports editor Ted Wyman lived his life to the fullest, building a reputation in Canadian sports media for his passion -- in and out of the stadiums and arenas where he worked.
The Saskatchewan Roughriders extended their Grey Cup drought to 11 years after losing 38-22 to the Winnipeg Blue Bombers in the CFL’s Western Final on Saturday.
The final round of ballots from Saskatchewan’s provincial election were tallied on Saturday, and a race that was previously too close to call has officially been declared.
Urban municipalities across southern Saskatchewan are preparing for their civic elections on November 13.
A man has been charged after a stabbing at an apartment building in Kitchener.
The Guelph Police Service is putting out a warning after two deaths in the downtown area.
A Kitchener woman is facing multiple charges after a concerned citizen called in a potentially impaired driver.
The Saskatchewan Roughriders extended their Grey Cup drought to 11 years after losing 38-22 to the Winnipeg Blue Bombers in the CFL’s Western Final on Saturday.
The Regina Rams claimed the Evan Hardy Cup after a hard fought battle against the Saskatoon Huskies 19-14 on Saturday in the first all Saskatchewan U-Sports western conference final since 2002.
Elections Saskatchewan completed the final step in the vote counting process from the provincial election on Saturday.
Donald Trump has said he wouldn’t be a dictator — 'except for Day 1.' According to his own statements, he's got a lot to do on that first day in the White House.
Police have arrested a 15-year-old in connection with a break-in and $50,000 in damage done to the Centennial Arena in Elliot Lake in September.
As questions loom over Prime Minister Justin Trudeau’s leadership, a new Nanos Research poll commissioned for CTV News says a quarter of Canadians say none of the potential candidates appeal to them.
Three people were taken to hospital after a plane crashed in the Municipality of Southwest Middlesex.
Journalist, broadcaster, and author Andrew Lawton has won the nomination to run as Member of Parliament for the Conservative Party of Canada in the new riding of Elgin—St. Thomas—London South.
More details have been released about a police investigation at the Ambassador Bridge that connects Windsor, Ont. and Detroit, MI.
A former Barrie landlord says she been scammed by a woman recently charged by provincial police with posing as a nurse after allegedly falsifying her credentials to work in long-term care homes.
Crews responded to an overnight porch fire at a residence in Orillia, where the occupant managed to escape from the home.
OPP are investigating a Saturday evening incident in Caledon that resulted in one death.
One person has been arrested after Chatham-Kent Police Service (CKPS) received multiple complaints about an alleged drunk driver.
An individual is dead following a collision involving a motorcycle in Kingsville.
The Windsor Police Service (WPS) has arrested a suspect they say is connected to a string of break-and-enters.
B.C. health officials say they have detected Canada's first-ever case of H5 avian influenza in a human.
Contract negotiations resume today in Vancouver in a labour dispute that has paralyzed container cargo shipping at British Columbia's ports since Monday.
Environment and Climate Change Canada has issued a special weather statement for Metro Vancouver, Howe Sound and parts of the Fraser Valley and Sunshine Coast as another storm approaches.
The emergency department at South Okanagan General Hospital in Oliver, B.C., will be closed for 31 hours this weekend, the second such closure in a week and the third since the start of November.
Police in Kamloops, B.C., are reminding parents and guardians to check their children's Halloween candy after receiving a report of a mother finding a razor blade in one of her daughter's treats.
More than two years after Alannah Brown and Douglas Barker were found dead north of Penticton, police are asking for help identifying a vehicle they believe was associated with the crime.
The Southern Alberta Recreation Association is officially announcing the Town of Taber as next year’s host for the Southern Alberta Summer Games.
The Lethbridge Hurricanes broke open a close game with three goals in the first two minutes of the third period as they defeated the Warriors 7-3 in a game played Friday night in Moose Jaw.
There might not a lot snow just yet, but many southern Albertans are still itching to get outdoors.
Police have arrested a 15-year-old in connection with a break-in and $50,000 in damage done to the Centennial Arena in Elliot Lake in September.
Mayors of the five largest cities in northern Ontario met in North Bay the last two days to discuss a range of critical issues impacting their cities and the region.
Residents in the Sault expressed concerns ranging from vandalism to privacy invasions during recent consultations on the city's plan to install automated speed enforcement cameras.
Police in Newfoundland say a man was electrocuted Saturday by a downed power wire about 10 kilometres north of St. John's, N.L.
On Thursday morning, Dave Penny officially ended a suggested hundred-day isolation period that followed his diagnosis and stem cell treatment for non-Hodgkin's Lymphoma. On Thursday night, Penny returned to a stage at a downtown St. John's bar, regaling a small crowd with songs and stories with a distinctive Newfoundland flair.
A Memorial University scientist says the mysterious white blobs washing up on Newfoundland beaches are actually gobs of plastic -- and they need to be cleaned up.
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