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“# Bitcoin price nears $55K as fund manager ‘still sees $100K’ in 2021 ” Bitcoin (BTC) is still on course to hit $100,000 this year and its recent dip is “unchanged price action.” That was the conclusion of one of the industry’s best-known investors as BTC/USD recovered from its trip to near $46,000. Tapiero eyes…
“# Altcoins hit new highs after bulls kick Bitcoin price back above $50K ” Cryptocurrency investors breathed a sigh of relief on April 26 as the sharp reversal in the price of Bitcoin (BTC) was accompanied by a market-wide recovery that has a majority of altcoins seeing green. It’s likely that the breakout was aided…
“# Tesla books huge profit from Bitcoin sale in Q1 ” Tesla Motors sold a portion of its Bitcoin (BTC) holdings in the first quarter of 2021, generating net proceeds of $272 million, the electric vehicle maker reported Monday. In a 30-page slide deck accompanying its quarterly financial results, Tesla noted a $101 million “positive…
“# Glass half full: Bitcoin options traders neutral after 28% BTC price dip ” Bitcoin (BTC) might have recovered from the $47,000 low seen on April 25, but the subsequent 15% bounce was not enough to bring optimism to the BTC options markets. Even at the present $54,000 level, the price remains 17% below the…
“# Eric Weinstein calls Bitcoin potential hedge against fiat catastrophe ” Eric Weinstein, managing director of Thiel Capital and host of the popular podcast The Portal, urged his followers over the weekend not to get caught up in Bitcoin’s (BTC) daily fluctuations. He seemed to feel that it was wiser to focus on the cryptocurrency’s ability…
“# Today marks the 10-year anniversary of Satoshi Nakamoto’s final message ” Bitcoin (BTC) creator Satoshi Nakamoto left the cryptocurrency community with a parting message exactly one decade ago today: “I’ve moved on to other things.” In the years since, Bitcoin has evolved from an obscure and esoteric project to a trillion-dollar financial asset drawing…
“# Price analysis 4/26: BTC, ETH, BNB, XRP, ADA, DOGE, DOT, UNI, LTC, BCH ” Bitcoin price started the week off with a strong move that propelled the price above $50,000 and at the time of writing, bulls are in pursuit of the $55,000 level. On April 21, JPMorgan analysts wrote that the liquidity in the…
“# Nigerian hotel becomes country’s first to accept Bitcoin payments ” A luxury hotel in Lagos, Nigeria will reportedly accept Bitcoin (BTC) as a form of payment and adopt the digital asset as its primary reserve currency as concerns about inflation continue to grip Africa’s largest economy. George Residence confirmed its intent to begin accepting…
“# Bitcoin bulls respond with a $150M short squeeze above $53K — Can BTC go higher? ” Roughly $150 million worth of shorts were liquidated within a span of hours as the price of Bitcoin (BTC) rose from around $47,000 to over $53,000 on April 26. The cryptocurrency market as a whole saw a strong…
“# 5 things to watch in Bitcoin this week as greed and leverage get ‘flushed out’ ” Bitcoin (BTC) is keeping bulls and bears guessing as it opens a new weekly candle in the green, heading away from $50,000. After an uneventful but uninspiring weekend, BTC/USD has begun Monday by reclaiming $53,000 for the first…