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“# Coinbase (COIN) falls below $250, blockchain stocks sell off as Bitcoin dip continues ” It is well known that as goes Bitcoin (BTC), so goes the rest of the cryptocurrency market, as time and again, major price moves from Bitcoin create ripples across the altcoin market, impacting sentiment and momentum. This appears to be the…
“# Price analysis 5/17: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, BCH, LTC, UNI ” Bitcoin (BTC) plummeted to an intraday low near $42,000 today, dropping 35% from its all-time high at $64,849.27. Over the weekend the selling intensified as news that Tesla may have sold its Bitcoin holdings made waves, and even after this was…
“# ‘Cash, candy or Bitcoin’: Paying minors in 2021 ” A Bloomberg contributor will be paying his son Bitcoin in exchange for chores above and beyond his usual scope, but he is seemingly unable to decide on the best means of payment. In an opinion piece today, Eddie Yoon said he would pay his seventh…
“# Galaxy Digital books $860M in net comprehensive income in Q1 ” Galaxy Digital Holdings, a cryptocurrency-focused investment manager, booked a stellar first quarter on the back of surging digital asset valuations. The company’s net comprehensive income, which includes net income and unrealized income, surged to $860.2 million in the quarter ending March 31, 2021….
“# Iranian crypto miners using household energy to face large fines ” The Iranian government continues to closely monitor the cryptocurrency mining industry by initiating new measures against home crypto miners, according to a new report. Mostafa Rajabi, a spokesman for the Ministry of Energy of Iran, said that crypto mining with household electricity is…
“# Banking system consumes two times more energy than Bitcoin: research ” Amid the ongoing concerns over Bitcoin’s (BTC) energy consumption, a new study states that the traditional banking system consumes much more energy than the Bitcoin network. Michael Novogratz’s cryptocurrency firm Galaxy Digital released a report Friday titled “On Bitcoin’s Energy Consumption: A Quantitative Approach…
“# Here’s how Bitcoin’s intraday volatility complicates leverage trading ” The crypto sector is in a bull market, and frequent evidence comes from anonymous traders who post their five-, six- and seven-figure investment returns as screenshots on Crypto Twitter. This condition creates a FOMO-like situation where everyone gets greedy. The temptation to boost potential earnings…
“# Bitcoin crisis, Elon Musk criticized, Ether thrives, Dogecoin survives: Hodler’s Digest, May 9–15 ” Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one…
“# Top 5 cryptocurrencies to watch this week: BTC, XRP, DOT, XLM, SOL ” Bitcoin (BTC) has been struggling to rise above the $50,000 mark, which could have resulted in traders dumping their Bitcoin positions to invest in altcoins. Glassnode data suggests that whale addresses owning more than 1,000 BTC have reduced from about 2,500…
“# Bitcoin slips below $46K as correction deepens; institutions keep accumulating ” Bitcoin (BTC) price slipped below $46,000 on Sunday for the second time in four days, raising the specter of a deeper short-term correction for the flagship digital currency. Bitcoin fell to a session low of $45,127.01, according to TradingView, before staging a modest…