Bitcoin

Elon Musk is once again messing with his favorite toy – the crypto market. Bitcoin has resumed its upwards curve which has been partly attributed to Musk saying Tesla will once again accept BTC as a payment method should miners use enough clean energy in their search for new bitcoins. The news sent BTC-related stocks higher, including shares of MicroStrategy (MSTR). Musk’s power is such that he might be able to move the crypto market with a single tweet but if he remains undecided about… Source link

Cryptocurrencies were mostly lower on Wednesday despite a brief 3% jump in bitcoin after the U.S. Federal Reserve maintained accommodative monetary policy. But the gains were short-lived as risk assets pulled back, with traders focusing on Fed officials’ revised projection for interest rate increases by the end of 2023 – sooner than what was anticipated in March. Latest Prices Bitcoin (BTC) $38577.3, -2.71% Ether (ETH) $2415.5, -4.05% S&P 500: 4223.76, -0.54% Gold: $1826.61, – 1.7% 10-year… Source link

Adriana Belotti is a “true believer” when it comes to bitcoin, and invests $100 into the volatile cryptocurrency each month . The Sydney-based tech consultant says it’s mainly because of her painful experiences growing up in Brazil in the 1980s, as it transitioned from military dictatorship to democracy. Key points: Cryptocurrencies were created as an alternative payment method to remove the middleman (banks) The price of bitcoin hit a record high ($US64,900) in April 2021 Many traders purchase… Source link

One of the better performing pairs of cryptos this year are two related tokens that are geared toward online content creators — Theta and Theta Fuel. Theta has soared almost 400% in 2021 while Theta Fuel is up an astounding 1,700%. Both run on a blockchain known as the Theta Network and allow PC users with un-utilized bandwidth to share video streams with others on the network The reward? They’re able to mine tokens. Theta has impressive backers from the digital media world, including… Source link

The bitcoin price was once again yo-yoing on Wednesday morning. Photo: Edward Smith/Getty Images The bitcoin (BTC-USD) price shot back above $40,000 (£28,346) following sessions of losses, but is treading water as fund managers say the cryptocurrency is in a bubble despite the price crash.  According to a Bank of America survey, 81% of fund managers say bitcoin is still a bubble. The flagship crypto fell around 37% last month and its price is down 38% from its $64,829 mid-April peak. The… Source link

Bitcoin stalled for most of Monday before making another run at $40,000 as of press time. The world’s largest cryptocurrency by market valueis holding support above $36,000 and remains up about 20% over the past seven days.  Some analysts are optimistic about a decisive break above $40,000 while others prefer to see stronger signs of upside momentum before calling a bottom in bitcoin. Latest prices Bitcoin (BTC): $39752.7, -0.3% Ether (ETH): $2523.88, -0.85% “Bitcoin is at its highest level… Source link

Text size The security of Bitcoin is also a concern for Goldman Sachs’ Investment Strategy Group. Dreamstime As Bitcoin soared to new highs over the past year, many wondered if they should invest in it. Now, a team at Goldman Sachs  is telling retail investors that the digital currency… Source link

While bitcoin sees signs of life after a month of dashed hopes, experts warn it may be too early to call a resumption of the broader bull run.  The cryptocurrency reached 2 1/2-week highs above $40,000 early Tuesday, having found bids near $36,000 over the weekend after Tesla CEO Elon Musk said the carmaker could resume bitcoin transactions should miners meet environmental standards.  Some observers see Musk’s comments as massively bullish because they show that concern over the negative… Source link

Fund managers aren’t sold that bitcoin (BTC-USD) is a screaming buy after the cryptocurrency’s rout.  Eighty-one percent of fund managers polled in a new Bank of America survey say bitcoin is still a bubble despite the steep price pullback. Investors view bitcoin as the second most crowded traded (investors love bitcoin perhaps too much) behind being long commodities.  A total of 224 fund managers with $667 billion in assets under management participated in the survey. To be sure, bitcoin… Source link

A survey shows hedge funds plan to increase their exposure to cryptocurrencies by 2026. Photo: Getty Images Bitcoin dropped below $40,000 (£28,410) on Tuesday morning even as a survey showed hedge funds interest is on the up and billionaire venture capitalist Tim Draper said he is sticking by his prediction that the cryptocurrency will reach $250,000 by the end of 2022 or early 2023. Bitcoin (BTC-USD) was down 1% and trading at $39,717 a day after it got a boost as American hedge fund magnate… Source link