Bitcoin and cryptocurrency markets were braced for a bombshell from Tesla’s TSLA first set of results since buying $1.5 billion worth of bitcoin. And Elon Musk didn’t disappoint. Tesla revealed it sold 10% of its bitcoin holdings in March, collecting $101 million from the sale and helping the electric car maker land its seventh consecutive profitable quarter. The news, initially sending shockwaves through the cryptocurrency community, was somewhat tempered by Musk’s defense that the… Source link

The Litecoin price is making a strong recovery after it dropped by more than 38% last week. The LTC price is trading at $253, which is 22% above its lowest level last week. It has a market cap of more than $16.4 billion and is the 10th-biggest digital currency in the world. What happened: Litecoin is a digital currency that is similar to Bitcoin. It is one of the oldest cryptocurrencies in the world and is mostly used as an alternative to Bitcoin. Users love it for… Source link

Ethereum Ethereum rallied by 9.11% on Monday. Following on from a 4.78% gain on Sunday, Ethereum ended the day at $2,533.99. A mixed start to the day saw Ethereum fall to an early morning intraday low $2,306.03 before making a move. Steering clear of the first major support level at $2,206, Ethereum rallied to a final hour intraday high $2,541.99. Ethereum broke through the first major resistance level at $2,398 and the second major resistance level at $2,474 to wrap up the day at $2,500… Source link

The Tesla logo is seen at its store in New York on March 24. The automaker posted record earnings on Monday, thanks in part to a profit from its sale of Bitcoin. (Photo by John Smith/VIEWpress) VIEW press/Corbis via Getty Images hide caption toggle… Source link

ISTANBUL, TURKEY – APRIL 16: A Bitcoin sign is seen at the entrance of a cryptocurrency exchange … [+] office on April 16, 2021 in Istanbul, Turkey. Turkey’s Central Bank announced a ban on the use of cryptocurrencies and crypto assets for purchases, directly or indirectly to pay for goods or services. The announcement comes as Turkey’s crypto market has boomed over the past few years. As the Turkish Lira has slumped, many people have looked to cryptocurrencies to shelter against… Source link

Text size The price for Bitcoin tumbled as investors grew concerned about a proposed capital-gains tax increase. Dreamstime Prices for Bitcoin are rising as another Wall Street bank appears to be readying an actively managed crypto fund for its private-wealth clients. JPMorgan Chase (ticker:… Source link

Ethereum (CRYPTO:ETH) held support at the important $1,950 level. It was apparent that there would be support at this level because it had previously been a resistance level. The low trade on April was right at $1,950. Since then, it has been trending higher. Now ETH has hit resistance at the $2,500 again, which is where peaked on April 15 before it sold off. Resistance is a large group of sellers all trying to get the same price. In this case, it’s $2,500…. Source link

Satoshi Nakamoto (artist rendering) Tommy Marcheschi On April 26, 2011, Bitcoin creator Satoshi Nakamoto sent his final emails to fellow developers in which he made clear he had “moved on to other projects,” at the time handing over a cryptographic key he had used to send network-wide alerts. Flash forward to 2021 and the Bitcoin story is, in many ways, still just beginning. With the price reaching new highs above $60,000, there is increasing recognition of Nakamoto’s… Source link

Cardano founder Charles Hoskinson Charles Hoskinson By nature of his background as a mathematician by trade, as well as his history as one of the co-founders of Ethereum, Cardano founder Charles Hoskinson is uniquely positioned to understand the importance and interplay between theory and application when it comes to blockchain development. Finding the right balance between these two disciplines is very difficult, yet critical to achieving mainstream adoption of crypto. Whichever… Source link

The Ethereum price has bounced back after crashing by more than 20% a week ago. ETH is trading at $2,457, which is just 7% below its all-time high of $2,647. Its market cap has bounced back to more than $284 billion while its 24-hour volume has increased to more than $40 billion.  What happened: Last week, the price of Ethereum and other digital currencies dropped sharply as investors waited for the next major catalyst. That’s after the previous catalyst, the… Source link