Evelyn Cheng is a staff writer at CNBC.com covering daily U.S. market moves and broader market trends across both the United States and China.
Prior to CNBC, Cheng held internships with several news outlets including The New York Times Shanghai Bureau and Metro New York.
Cheng holds a bachelor's degree in Journalism, Urban Design and Architecture Studies from New York University. She was a recipient of the Edwin Diamond Undergraduate Award, presented to the top undergraduate journalism student at NYU, and a winner of the Roy W. Howard National Collegiate Reporting Competition. Cheng was also the Editor in Chief of NYU's Asian American interest magazine, Generasian.
Follow Evelyn Cheng on Twitter @chengevelyn.
Bitcoin briefly dropped more than $700 from a record high in less than two days after a week of intense speculation by investors.
Bitcoin's exponential surge is different this time around, most digital currency investors and software developers say.
Despite all the excitement around digital currencies, venture capitalist Fred Wilson said it will probably take much longer for bitcoin to go mainstream.
The world of finance is getting so interested in bitcoin that it's no longer just the land of coders.
In another intraday jump of more than $300, bitcoin surged to a record. Then it rolled over.
Bitcoin hit a record Wednesday after a late Tuesday announcement from the Digital Currency Group.
While most of the so-called Trump trades are based on proposals, one trade will likely work on Trump's actions alone.
Jeffrey Gundlach, CEO of DoubleLine Capital, said there could be a connection between bitcoin prices and the decline in China stocks.
Bitcoin's meteoric rise took a hit overnight as the digital currency erased, then mostly recovered, about $200 in 12 hours.
Bitcoin added more than $200 Monday as major U.S. financial institutions warmed to the digital currency.