Bitcoin Price Rockets After Elon Musk’s Tesla Reveals It Bought $1.5 Billion Worth Of Bitcoin

Bitcoin has suddenly surged after Tesla TSLA , the electric car-maker led by billionaire Elon Musk, revealed it has bought bitcoin. The bitcoin price rocketed to an all-time high of $43,730 per bitcoin on the Luxembourg-based Bitstamp exchange before falling back slightly. Tesla announced that it bought $1.5 billion worth of bitcoin in January, according to a filing with the Securities and Exchange Commission, adding it would soon start accepting payments in bitcoin. … Source link

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Monero Price Analysis: 08 February

With a market capitalization of $2.713 billion, Monero has been pushed to the 21st rank on the CoinMarketCap list. However, the privacy-centric token has been witnessing its price moving like a wave hitting $146 and $158 price levels in the short-term. At the time of writing, XMR was valued at $152.16 and was looking like a seller’s market. Monero one-hour chart Source: XMRUSD on TradingView As the value of Monero hit the support at $146, it moved higher. The price tried to build momentum… Source link

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Bitcoin (BTC USD) Cryptocurrency Price Finds New Momentum, Near $40,000 – Bloomberg

Bitcoin surged to an all-time high after Tesla Inc. said it’s invested $1.5 billion, the biggest endorsement of the controversial cryptocurrency by a mainstream company. The digital asset jumped as much as 16% after Tesla made the disclosure in a regulatory filing, with prices exceeding $44,000 for the first time. Tesla also said it would begin accepting the digital token as a form of payment for its electric cars. Other coins surged as well. Ether gained as much as 11% to a record and… Source link

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5 things to watch this week

Bitcoin (BTC) bulls seem firmly in the driving seat this week as the largest cryptocurrency begins Monday at near $40,000. After climbing through much of the previous week’s trading, BTC/USD is now up 15% compared to seven days ago — what’s next? Cointelegraph takes a look at five factors which may influence where Bitcoin heads in the coming few days. Stocks hit records but dollar declines Bitcoin’s ascent prior to the weekend was accompanied by a familiar scenario on macro… Source link

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Bitcoin bull market fuels another blockchain startup boom

Coinbase Ventures launched in 2018 on the heels of an unprecedented boom-bust cycle for bitcoin, which saw the currency’s price peak at nearly $20,000 before losing half its value in a little more than a month. As a cryptocurrency trading platform, that short-lived frenzy was good for Coinbase’s business. But the decision to launch a crypto-focused VC firm had less to do with the price of bitcoin than what the market fervor meant for entrepreneurs. “We recognized in early 2018 that there were… Source link

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Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – February 8th, 2021

Ethereum Ethereum slid by 3.84% on Sunday. Following on from a 2.40% decline on Saturday, Ethereum ended the week up by 22.94% to $1,615.32. It was a mixed start to the day. Ethereum rose to an early morning intraday high $1,695.38 before hitting reverse. Falling short of the first major resistance level at $1,735, Ethereum slid to a late afternoon intraday low $1,493.28. Ethereum fell through the first major support level at $1,636 and the second major support level at $1,592. Finding support at… Source link

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Bitcoin Daily: Hedge Fund Founder Pleads Guilty

Share Tweet Share Share Share Email Protego Trust Bank N.A. was granted conditional approval for a national bank charter from the Office of the Comptroller of the Currency, the company announced on Friday (Feb. 5). The charter will allow for Protego clients to hold, trade, issue and lend digital assets. The Washington state-based bank said in the press release that its services include providing custody of digital and other assets and issuing new digital assets. It will also provide a trading… Source link

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Could Scalable Bitcoin Payments Undermine the Asset’s Value?

With the wild journey that is bitcoin price swings so far this year, you might have missed the accelerating rhythm of companies announcing services to support bitcoin for payments. We’re not talking about small idealistic startups, either. A week ago, on Visa’s Q1 earnings call, CEO Al Kelly said the company may add cryptocurrencies to its payments network. He acknowledged that bitcoin is “not used as a form of payment in a significant way at this point,” but went on to discuss a… Source link

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Meet The Bitcoin Lovers In Corporate America

Crypto currency / Blockchain concept with coin on the motherboard. getty BITCOIN BREAKS OUT AND DOGE RECOVERS  Bitcoin has continued to build on the momentum generated by Tesla CEO Elon Musk, who last week tacitly endorsed the cryptocurrency by adding the leading cryptocurrency to his Twitter profile. Currently priced above $38,000, bitcoin is now trading at levels not seen since the middle of January. Part of this continued surge is likely due to Musk offering his… Source link

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What Crypto’s Are Worth Buying, Besides Bitcoin?

Doge Coin. Good dog. getty You probably never thought of Doge coin, or cared to invest in Doge coin until you read Elon Musk’s Tweet about it in the good ole days of the GameStop short squeeze. Buyers pushed up Doge coin’s value by 359% in four weeks, most of it happening after Musk tweeted about it some two weeks ago. That’s better than Game Stop GME GME , which rose by around 28%. And it is better than Bitcoin, which was cooling… Source link

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