Bitcoin

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

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

Bitcoin (BTC) tanked on Wednesday, hitting multi-month lows near $46,000. Renewed fears of an early rate hike by the Federal Reserve, the recent dour mood in financial markets and Tesla’s decision to suspend bitcoin payments have all been blamed for the price slide.  But the downward move was likely aggravated by options market makers selling the cryptocurrency in the spot/futures market to hedge their books (offset bullish exposure), according to Fredrick Collins, a seasoned options… Source link

The bitcoin and cryptocurrency roller coaster has continued its wild ride this week, with the “joke” digital currency dogecoin jumping in value. The dogecoin price has added around 30% over the last 24 hours, climbing after Tesla TSLA billionaire Elon Musk said he’s “working with doge devs to improve system transaction efficiency,” adding it’s “potentially promising.” Musk, who has previously said all of his dogecoin-related comments shouldn’t be taken seriously, exacerbated a… Source link

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