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“# Thanks Bitcoin, MicroStrategy stock is up 113% since being downgraded by Citigroup ” On Dec. 8, 2020, Citigroup, one of the largest banks in the world, downgraded MicroStrategy’ss stock (MSTR). Since then, MSTR stock is up 113.27% from $289.45 to $617.31, as the price of Bitcoin (BTC) rallied. In the same period, the Citigroup…
“# Is the weakness of Bitcoin after the ‘Elon Musk pump’ hinting at a bull trap? ” The price of Bitcoin (BTC) is showing overall weakness as it struggles to establish $34,000 as a support level. Overall, BTC appears to be stagnating without signs of a short-term relief rally, leading traders to be cautious. One…
“# Uniswap (UNI) and Compound (COMP) hit new highs as DeFi TVL reaches $27.6B ” On Jan. 30 Uniswap (UNI) and Compound (COMP) both rallied to new all-time highs as the entire DeFi sector continued to heat up. UNI soared to a new all-time high at $19.93 and COMP price did the same as it…
“# FTX Token (FTT) rallies 105% as interest in derivatives trading grows ” FTX is a cryptocurrency derivatives exchange backed by Alameda Research, a quantitative trading firm and crypto liquidity provider. The exchange launched in April 2019 and offered the usual spot trading, inverse swaps and futures contracts that can be found at other major…
“#Redditors buy Times Square billboard as GameStop stock saga rages” Defiant amateur investors on Reddit say they are not backing down on their investments in GameStop — and even took out billboards in Times Square and across the country urging the faithful to continue holding the line. “$GME GO BRRR,” blared a digital ad on…
“# XRP price gains 86% after Wall Street Bets’ crypto wing says ‘pump it’ ” XRP price underwent a strong 86% breakout in the early trading hours on Jan. 30 as the fourth-ranked cryptocurrency by market cap became the new coin of focus in the r/Wallstreetbets cryptocurrency-focused off-shoot r/Satoshistreetbets. Data from Cointelegraph Markets and TradingView…
“# Bitcoin price chart shows ‘Elon Musk’ pump was an outlier — So what happens now? ” Bitcoin (BTC) has seen a very volatile week, as the price of Bitcoin jumped around from $32,000 to $38,500 and back toward $33,000 in a matter of 24 hours. The initial spike to $38,500 happened in minutes after…
“# BTC billionaire Tim Draper to Elon Musk: I’d buy the Tesla Cybertruck with Bitcoin ” Tim Draper, the billionaire Bitcoin (BTC) investor who also invested early in Tesla, reacted to the company’s CEO and world’s richest man, Elon Musk, adding #Bitcoin to his Twitter bio to join the likes of Twitter CEO Jack Dorsey…
“# Analyst says Bitcoin price sell-off may occur as Chinese New Year approaches ” On Jan. 29 Bitcoin (BTC) price briefly rallied to $38,500 before retracing the move and spending the majority of the day struggling to reclaim $35,000. The wild breakout in Bitcoin price has partially been attributed to Elon Musk changing his Twitter…
“# Bitcoin price returns to troubled waters hours after Elon Musk’s BTC tweet ” When Bitcoin’s (BTC) price dropped 10% to $29,150 on Jan. 27, something unusual happened with the Chicago Mercantile Exchange (CME) BTC futures contracts. As the price fell, these CME Bitcoin futures traded at a 1% discount to Coinbase, which signaled a…