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“# Bitcoin is durable, says BlackRock’s Rick Rieder ” Rick Rieder, chief investment officer at BlackRock Financial Management, is pushing back against Telsa CEO Elon Musk’s decision to drop Bitcoin as a form of payment. In an interview with CNBC’s Squawk Box today, Rieder said Bitcoin (BTC) had “not reached maturity yet” and still had…
“# Bitcoin price fails to build $50K support as traders eye lower levels next ” Bitcoin (BTC) dipped below $50,000 again on Thursday as the fallout from Elon Musk’s criticism continued to resonate. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Traders wait for telltale buy signals Data from Cointelegraph Markets Pro and TradingView confirmed BTC/USD failing…
“# Here’s why Ethereum, AAVE, ALPHA are unfazed by Bitcoin’s latest ‘Elon candle’ ” Bitcoin (BTC) and altcoins’ markets lost a combined total of up to $602 billion overnight in a shocker brought forth by Elon Musk. The billionaire entrepreneur did an about-turn on his decision to accept Bitcoin for the electric vehicles offered by…
“# 3 reasons why Bitcoin doesn’t care about Elon Musk ” Bitcoin (BTC) dived 17% when Tesla CEO Elon Musk criticized its energy consumption — but it’s already bouncing back. On May 13, fresh from its dip to $45,60, BTC/USD is trading above $51,000, having regained over half its lost ground. With the drama still…
“# Backlash to Elon Musk’s Bitcoin bombshell as traders start to buy the dip ” With Tesla’s suspension of Bitcoin payments causing chaos in crypto markets today, critics have targeted CEO Elon Musk’s cavalier attitude to the dramatic effects his words and actions can have on the sector. On May 13, Tesla and Musk announced…
“# Bitcoin, altcoins and stocks drop as inflation fears impact investor confidence ” The cryptocurrency market corrected sharply on May 12 after the hype surrounding dog-themed tokens was deflated when Ethereum co-founder Vitalik Buterin dumped vast amounts of the previously hot Shiba Inu (SHIB), Dogelon Mars (ELON) and Akita Inu (AKITA) on the market and donated the…
“# When all-time high? Bitcoin traders lose confidence as BTC price slumps ” Bitcoin’s (BTC) recent price action has disappointed most investors, especially when one considers that the total altcoin market capitalization rallied 24% in nine days to reach a $1.35 trillion all-time high on May 9. Bitcoin’s 62% accumulated gain in 2021 has BTC…
“# Bitcoin price bounces despite stocks rout as Ethereum hits new $4,350 high ” Bitcoin (BTC) gained 4.3% on May 12 as cryptocurrencies recovered losses despite increasing turmoil on global stock markets. BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview BTC price reverses upwards Data from Cointelegraph Markets Pro and Tradingview showed BTC/USD erasing almost all the…
“# EOS and YFI lead altcoins higher as Bitcoin and Ether bounce from swing lows ” The markets were mixed on May 11 as Bitcoin (BTC) recovered from Monday’s drop to $53,000 by bouncing to $56,862 but the digital asset is still finding resistance at the $57,000 level. Ether (ETH) also worked its way back…
“# Dogelon Mars, Shiba Inu and Dogecoin take the lead as Bitcoin consolidates ” Cryptocurrency traders awoke to an altcoin bonanza as a handful of meme tokens, along with some of the more established projects, staged double-digit rallies while Bitcoin (BTC) price slowly recovers to the $57,000 level. The biggest event generating conversations across the…