Bitcoin and cryptocurrency bulls cheered Tesla’s shock announcement yesterday that it has bought $1.5 billion worth of bitcoin. The revelation pushed the bitcoin price to over $48,000 per bitcoin, an all-time high, and chased away bitcoin bears who feared the price could be about to crash. Meanwhile, other cryptocurrencies also soared, with the wider crypto market topping $1.4 trillion—more than twice where it started the year. Now, with Tesla TSLA putting bitcoin on the map for… Source link

Cryptocurrencies play almost no role in the staid world of corporate treasury, where protecting a company’s financial liquidity and cash reserves are key. Their massive volatility has ruled them out. That did not stop Elon Musk, chief executive of Tesla, from putting $1.5bn of his company’s spare cash into bitcoin last month. The company’s shares edged up more than 1 per cent on news of the bet on Monday, while the price of bitcoin staged a strong rally. But to experts… Source link

Ethereum Ethereum rallied by 8.51% on Monday. Reversing a 3.84% slide Sunday, Ethereum ended the day at $1,752.98. It was a mixed start to the day. Ethereum fell to an early morning intraday low $1,565.98 before making a move. Steering clear of the first major support level at $1,507, Ethereum rallied to a late afternoon intraday high and a new swing hi $1,780.00. Ethereum broke through the first major resistance level at $1,709 to come within range of $1,800 before easing back. The pullback saw… Source link

Tesla bought Bitcoin. Will Apple be next? | Fortune … Source link

Dogecoin has been extremely volatile in the past week due to endorsements from Elon Musk and a massive pump orchestrated by the subreddit WallStreetBets which managed to successfully push the price of Gamestop stock, triggering a massive short squeeze. Litecoin Price Prediction: LTC faces one significant resistance before ultimate push to $200 Litecoin price had a significant 7% surge in the past several hours thanks to Bitcoin’s new all-time high at $45,000… Source link

Bloomberg EV Company With Almost No Revenue Posts 3,000% Gain in 8 Months (Bloomberg) — There is nothing about the finances of Blink Charging Co. that would suggest it’s one of the hottest stocks in America.It’s never posted an annual profit in its 11-year history; it warned last year it could go bankrupt; it’s losing market share, pulls in anemic revenue and has churned through management in recent years.And yet a hot stock it is. Investors have bid Blink’s share price up 3,000% over… Source link

Cardano (ADA) and polkadot (DOT) are now fourth- and fifth-most valued crypto assets, respectively, after they both surpassed XRP in market capitalization earlier Monday. That’s due to the recent rally in decentralized finance (DeFi) and the increased cost of using the Ethereum blockchain.  According to data from analytics site Messari, cardano’s market cap stands at approximately $21.82 billion while and polkadot’s is at roughly $19.83 billion. For XRP, that figure is about $16.36… Source link

Dogecoin Price On The Verge Of A Pullback To $0.06 As Indicator Flashes Sell Signals Dogecoin has been extremely volatile in the past week due to endorsements from Elon Musk and a massive pump orchestrated by the subreddit WallStreetBets which managed to successfully push the price of Gamestop stock, triggering a massive short squeeze. Litecoin Price Prediction: LTC Faces One Significant Resistance Before Ultimate Push To $200 Litecoin price had a significant 7% surge in the… Source link

Bloomberg EV Company With Almost No Revenue Posts 3,000% Gain in 8 Months (Bloomberg) — There is nothing about the finances of Blink Charging Co. that would suggest it’s one of the hottest stocks in America.It’s never posted an annual profit in its 11-year history; it warned last year it could go bankrupt; it’s losing market share, pulls in anemic revenue and has churned through management in recent years.And yet a hot stock it is. Investors have bid Blink’s share price up 3,000% over… Source link

getty The US Securities and Exchange Commission reports that Tesla has invested $1.5 billion in bitcoin, citing the interest for greater flexibility in diversifying and maximizing returns on its cash reserves, has prompted many people to rethink their relationship with the cryptocurrency, its potential and its future prospects. Tesla says it understands the volatility of the price of bitcoins, but says it will begin accepting bitcoin payments for its vehicles, making… Source link