Bitcoin and cryptocurrency investors are still reeling from a week that’s left the crypto market $300 billion lighter. The bitcoin price moved sharply lower this week, dragging down the wider $2.2 trillion cryptocurrency market, after Tesla TSLA billionaire Elon Musk announced his company would scale back its bitcoin ambitions—at least temporarily. Now, the chief executive of San Francisco-based Coinbase, one of the world’s biggest bitcoin and cryptocurrency exchanges, has… Source link

The events of the past week have shown exactly why some people have been wary of investing in Bitcoin. One tweet from a billionaire and nearly 15% was wiped off the cryptocurrency’s value. Thankfully for some investors, there are other ways to make a bet on the future of cryptocurrency. Maybe you know nothing about Bitcoin, but you’re interested in the rise of cryptocurrencies. Or perhaps you know a lot about Bitcoin — and you don’t want to touch it, cautious… Source link

Bitcoin’s younger sibling is giving it a run for its money. Ethereum is a digital currency that claims to be “the world’s programmable blockchain.” It is more nimble than Bitcoin, and chances are you won’t move far into the world of cryptocurrencies before you come across it. But what does it do? And should you buy it? Read on to find out. What is Ethereum? Ethereum, the world’s second-biggest cryptocurrency by market capitalization, is like Bitcoin’s agile little sibling. It uses less energy… Source link

XMR is attempting to rebound from the sharp sell-off this week. The Monero price held a major support line and is starting to look good once again. The privacy token was enjoying a good start to May. The Monero price had set a new record of $519.20 on the 7th and looked likely to go higher still. However, the rumor that the colonial pipeline hackers may have demanded the ransom be paid in Monero dented sentiment. The price subsequently faded from the high. Elon… Source link

Ethereum Ethereum rallied by 9.71% on Friday. Reversing a 2.05% loss from Thursday, Ethereum ended the day at $4,080.51. A bearish start to the day saw Ethereum fall to an early morning intraday low $3,695.00 before finding support. Steering clear of the first major support level at $3,482 Ethereum rallied to a late afternoon intraday high $4,177.77. Ethereum broke through the first major resistance level at $4,006 before briefly easing back to sub-$4,000 levels. A bullish end to the day,… Source link

Mimesis Capital: Inside The Event Horizon, Report #16 Bitcoin Versus Ethereum And Other Alts It’s been “alt season” for the past couple months. Bitcoin has remained situated around $50,000 while Dogecoin, Shiba Inu and Ethereum are soaring. While short-sighted gamblers like to make bets on the next big dog meme coin, it’s important to review the basics of why bitcoin has accrued value and compare bitcoin to other tokens. Bitcoin is the best monetary good. Why? It has specific credible… Source link

Two of the world’s most prominent billionaires, Tesla Inc.’s TSLA, +3.16% CEO Elon Musk and Jack Dorsey, are facing off over the merits of bitcoin, with the future of the world’s No. 1 crypto likely hanging in the balance. On Friday, Dorsey, a longtime bitcoin advocate and co-founder and CEO of Twitter TWTR, +3.23% and Square SQ, +5.44% tweeted that bitcoin changes everything “for the better,” and… Source link

Bloomberg Over 700 Barges Stuck in Mississippi River From Bridge Crack (Bloomberg) — A crack in a bridge over the Mississippi River has stranded more than 700 barges, cutting off the biggest route for U.S. agricultural exports when the critical waterway is at its busiest.The route is shut near Memphis while the Tennessee Department of Transportation inspects a large crack in a highway bridge spanning the river, according to the U.S. Coast Guard. A queue has expanded to 47 vessels and 771… Source link

Bitcoin has been portrayed as an alternative to the dollar and other currencies, but there’s no question that it and other virtual currencies are highly volatile. For traders and investors who believe bitcoin BTCUSD, +3.42% has already replaced gold GC00, +0.79% as a hedge against inflation and government mismanagement, Michael Wilkerson has a counterargument. More crypto news: Dogecoin is coming to crypto platform Coinbase in 2… Source link

Text size Vladyslav Yushynov/Dreamstime Coinbase Global, the leading U.S. cryptocurrency exchange, is highly dependent on Bitcoin. But Bitcoin is becoming a smaller overall part of the crypto-economy, and that could pose a problem for Coinbase. If other coins that aren’t supported by Coinbase… Source link