Bitcoin, which accounts for more than 45% of the global crypto market, was trading around $33,000 per coin Sunday morning eastern time — far off its all time high above 64,000 just over a month ago. Tesla CEO Elon Musk, whose tweets regularly influence the crypto market, on Saturday underscored his support for digital currencies, giving bitcoin a slight boost after a very rocky week. “The true battle is between fiat & crypto. On balance, I support the latter,” Musk wrote Saturday morning…. Source link

Litecoin Plunges 30% In Bearish Trade Investing.com – was trading at $126.316 by 12:18 (16:18 GMT) on the Investing.com Index on Sunday, down 30.16% on the day. It was the largest one-day percentage loss since May 19. The move downwards pushed Litecoin’s market cap down to $8.639B, or 0.66% of the total cryptocurrency market cap. At its highest, Litecoin’s market cap was $25.609B. Litecoin had traded in a range of $126.293 to $176.245 in the previous twenty-four hours. Over the past… Source link

To counter Elon Musk’s outsized influence on cryptos’ prices, new crypto called $STOPELON was created.(Reuters Photo) As Bitcoin along with other prominent cryptos such as Ethereum, Dogecoin, Cardano, Binance Coin, etc. dropped significantly during the last seven days, demonstrating the volatility they are plagued with, the total value of 7,459 cryptos (tracked) plummeted 33 per cent from nearly $2.25 trillion as of May 16 to $1.50 trillion at the time of filing report, as per data from… Source link

Litecoin Tumbles 22% In Rout Investing.com – was trading at $139.970 by 08:37 (12:37 GMT) on the Investing.com Index on Sunday, down 21.88% on the day. It was the largest one-day percentage loss since May 19. The move downwards pushed Litecoin’s market cap down to $9.672B, or 0.69% of the total cryptocurrency market cap. At its highest, Litecoin’s market cap was $25.609B. Litecoin had traded in a range of $139.638 to $176.245 in the previous twenty-four hours. Over the past seven days,… Source link

YICHANG, CHINA – MAY 19: Visual representations of digital cryptocurrencies Dogecoin, Ethereum coin and Bitcoin on May 19, 2021 in Yichang, Hubei Province of China. (Photo by Liu Junfeng/VCG via Getty Images) Crypto investors have been kept on their toes after China, Elon Musk and regulation fears sent a number of popular tokens deep into the red in recent days.  The volatility shaved billions off the wider crypto world’s value after deep correction hit the market. The global crypto market… Source link

Bitcoin investors have been rocked by a price crash that’s wiped more than 50% from bitcoin’s all-time high. The bitcoin price, after nudging $65,000 per bitcoin in April, dropped to just under $30,000 this week before rebounding slightly, falling after Tesla billionaire Elon Musk expressed doubts about bitcoin and fear gripped the market China could crack down hard on bitcoin operations in the country. Now, as bitcoin market sentiment plummets to lows not seen since the March 2020… Source link

The Tesla chief executive’s often-cryptic messages have sent bitcoin’s price on a roller-coaster ride this year. Prices soared nearly 20% one January morning when he added “#bitcoin” to his Twitter biography. They jumped 16% in a single day the following month after Tesla Inc. revealed it bought $1.5 billion worth of the cryptocurrency. Then, he tweeted earlier this month that Tesla would no longer accept bitcoin as payment… Source link

Whether the price is surging or dipping, Bitcoin stays a hot topic. The price of the famously volatile digital currency fell nearly 30% at one point Wednesday after the China Banking Association warned member banks of the risks associated with digital currencies. The decline narrowed to below 10% that same afternoon, but Bitcoin had still lost about $70 billion in market value in 24 hours. Bitcoin has lost about 38% of its value since April 13 when it hit a high of more than $64,800, according… Source link

BackyardProduction / iStock.com Cryptocurrencies have skyrocketed in popularity recently and this trend shows no signs of slowing. Given all the talk around these digital assets, you might be wondering whether now is the time to invest. But before pulling the trigger, it’s always a good idea to have an understanding of the underlying asset. Cryptocurrency is no exception and it is quite different than investing in stocks or bonds. Read: Dogecoin’s Major Price Increase: Is It a Worthwhile… Source link

The S&P 500 index is hovering right around an all-time high and the Dow Jones Industrial Average is up 12% for the year. Impressive returns, especially considering 2020’s strong performance. Unlike last year, this rally is being led by dividend and value stocks that are benefiting from high consumer demand and a recovering economy. Many of the tech companies that starred in last year’s recovery are down 20% — and some are down more than 50% from… Source link