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“# Tesla allocates 7.7% of gross cash to Bitcoin ” Tesla (TSLA) sent shockwaves across the financial markets Monday after a United States Securities and Exchange Commission filing confirmed that the electric vehicle maker has added Bitcoin (BTC) to its balance sheet. Tesla’s latest Form 10-K filing for the fiscal year ended Dec. 31, 2020…
“# Bitcoin goes into ludicrous mode as it briefly flippens Tesla ” Earlier this morning, Tesla Motors announced that it had allocated part of its balance sheet to Bitcoin. Not even two hours have passed, and the crypto asset’s market cap briefly exceeded that of the car manufacturer itself. For a short time today, Bitcoin…
“# CME Ethereum futures go live, Bitcoin caps its best week ever: 5 things to watch this week ” Bitcoin (BTC) bulls seem firmly in the driving seat this week as the largest cryptocurrency begins Monday at near $40,000. After climbing through much of the previous week’s trading, BTC/USD is now up 15% compared to…
“# Billionaires pushing crypto: Mexico’s third-richest person changes Twitter bio to include Bitcoin ” Ricardo Salinas Pliego, chairman at conglomerate Grupo Salinas and Mexico’s third richest person, is plugging Bitcoin on social media. The billionaire with an estimated net worth of more than $13 billion as of January changed his Twitter bio over the weekend…
“# Top 5 cryptocurrencies to watch this week: BTC, DOT, LINK, XLM, THETA ” Bitcoin (BTC) has attracted several institutional investors in the past few months, but with the market capitalization sustaining above $700 billion, many more institutions are likely to contemplate buying Bitcoin. Similarly, Ether (ETH) with a market cap of about $180 billion…
“# Major correction for DeFi as Bitcoin rejected again above $40K: What’s next? ” The decentralized finance or DeFi market saw a steep correction over the last 12 hours as Bitcoin (BTC) was unable to break the $41,000 level. Meanwhile, analysts say that the profits from major DeFi tokens are flowing back into Bitcoin, even…
“# Growing list of billion-dollar crypto ‘unicorns’ suggest the best is yet to come ” In the traditional investing world ‘unicorn’ is a term used by venture capitalists to describe a privately held startup valued at more than $1 billion. Typically these startups have strong fundamentals and oftentimes a first-mover advantage that helps them rapidly…
“# Launching in 3, 2… Here’s why Bitcoin breaking $40,000 is different than last time ” The price of Bitcoin (BTC) broke above $40,000 on Feb. 6 for the first time in 23 days. But this time, the market sentiment is a lot calmer with a less overheated derivatives market. The combination of a less…
“# Bitcoin eyes $50K less than a month after BTC price broke its 2017 all-time high ” Bitcoin’s (BTC) price broke through the crucial level at $35,000 and continued its run above $40,000 on Feb. 6, just days after MicroStrategy’s pitched Bitcoin to over 1,4000 companies. This breakout above $35,000 earlier this week was significant…
“# Bitcoin price breaks $40K: Here’s where BTC may go next ” The price of Bitcoin (BTC) is showing signs of a newfound rally as it breaks the $40,000 resistance area. There is a combination of optimistic on-chain data points and a favorable market structure that is leading analysts and traders to anticipate an impending…