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“# Altcoins pop while Bitcoin looks for support near $50,000 ” Bitcoin (BTC) continues to look for direction but as this occurred, Ether and altcoins bounced higher from the May 13 sell-off. Dogecoin shocked investors with its 47% rally that kicked off after Coinbase announced that it would list (DOGE) in the coming months. Doge…
“# Price analysis 5/14: BTC, ETH, BNB, DOGE, ADA, XRP, DOT, BCH, LTC, UNI ” The Crypto Fear and Greed Index has dipped to levels not seen since April 2020, indicating that traders are nervous about Tesla backtracking on accepting Bitcoin (BTC) payments, Bitcoin’s multi-week technical weakness and U.S. regulator’s supposed investigation into the business…
“# As Bitcoin price staggers, ‘whale’ wallets may be becoming an endangered species ” As Bitcoin looks to recover from a stomach-churning dip on the back of a strong bid this morning, on-chain data indicates that high net worth ‘whale’ wallets may not be part of the effort. Bitcoin — along with most crypto markets…
“# Bitcoin ‘held up very well’ despite biggest exchange inflow since March 2020 crash ” Bitcoin (BTC) has performed “very well” as traders send more coins to exchanges than at any time since the March 2020 crash. Data from on-chain monitoring resources CryptoQuant and Glassnode shows that BTC exchange inflows hit a one-year high on…
“# Green energy tokens capitalize on Tesla’s decision to nix Bitcoin payments ” After months of touting the benefits of Bitcoin (BTC) and blockchain technology, Tesla CEO Elon Musk shocked the crypto Twitter on May 12 by announcing that the electric car company would suspend its accepting BTC as a form of payment, citing concerns…
“# Oh where, oh where have Ethereum bulls gone? Sub-$4K ETH fails to entice traders ” Cryptocurrency price corrected sharply today, including Ether (ETH), but this is a short-term move which is not reflective of the more macro-level events which still paint a bullish picture for assets like Ether and Bitcoin. In the last 30…
“# Price analysis 5/13: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, BCH, LTC, UNI ” Tesla CEO Elon Musk tweeted on May 13 that the company will stop accepting Bitcoin (BTC) payments for its vehicle purchases, citing “rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal.” Shortly after the announcement, Bitcoin…
“# Ratio of Ether’s market cap doubled Bitcoin in the last year – Pantera Capital ” The market capitalization of Ether (ETH) has increased at a much faster rate than Bitcoin’s (BTC) over the past year, highlighting the relative outperformance of ETH versus BTC over that period. In its latest Blockchain Letter, cryptocurrency investment manager…
“# Bitcoin whale MicroStrategy buys additional 271 BTC ” MicroStrategy, the Virginia-based business intelligence firm, has added another 271 Bitcoin (BTC) to its strategic reserves, underscoring CEO Michael Saylor’s growing conviction in the digital asset. The purchases were made through May 13 for an average price of $55,387, Saylor disclosed on Thursday. MicroStrategy now has…
“# Bitcoin drops to $46K, altcoins sell-off as report claims Binance is under investigation ” Within the last hour Bitcoin (BTC) price dropped by more than 3%, extending the decline which started on May 12 and saw the digital asset drop as low as $46,000 on some exchanges. Initially, on May 12 it was Tesla’s…