Bitcoin jumped more than 14% to an unprecedented peak after Tesla announced that it had invested nearly $ 1.5 billion in cryptocurrency last month. And that news raised Bitcoin to exceed 44 thousand dollars. The electric car maker revealed the investment ten days after its CEO, Elon Musk, added the …
Read More »Dogecoin Surges Following Tweets by Elon Musk
Fringe cryptocurrency Dogecoin surged on Thursday, following a number of Tweets from famous billionaire and CEO of Tesla and SpaceX Elon Musk. Musk is famous for his social media presence, which often causes some sort of controversy. Mark Cuban, another famous billionaire investor has also recently tweeted about the digital …
Read More »Cryptocurrency Dogecoin Goes up After Elon Musk Tweet
The cryptocurrency, Dogecoin, rose by more than 50% after US billionaire Elon Musk showed his support on Twitter, two days after announcing that he would be away from the social networking site for “a while.” Dogecoin jumped to $0.05,798, according to data on the blockchain and cryptocurrency site CoinDesk. Tesla …
Read More »Bitcoin Could Exceed $500,000 on Corporate Purchases
Bitcoin could surge to new unprecedented highs, amid increased interest from institutional investors. The world’s largest cryptocurrency in terms of market capitalization could go as high as $535,000 if corporate buyers convert 10% of their cash reserves to Bitcoin, according to a recent report by Ark Invest cited by CoinTelegraph. …
Read More »Bitcoin Surges after Elon Musk’s Twitter Message
Bitcoin surged on Friday, after Billionaire and business tycoon Elon Musk added a hashtag with the name of the world’s largest cryptocurrency to his Twitter bio. The digital currency is currently up by around 9% at $35,377, but earlier today, it rose by as much as 20% after the move …
Read More »Bitcoin Continues to Dominate Investments in Cryptocurrencies
Bitcoin accounted for the biggest share of investment inflows in cryptocurrencies since the beginning of the year, CoinTelegraph reported. The biggest digital currency in the world in terms of market capitalization, dominated 97% of inflows into cryptocurrencies in 2021, as shown by a recent report by CoinShares. Earlier this year, …
Read More »BoE Governor Questions Stability of Cryptocurrencies
The Governor of the Bank of England (BoE), Andrew Bailey, said on Monday that cryptocurrencies are providing a modern way of payment, but not as currencies, Reuters reported. Bailey’s remarks came during an online event organized by the World Economic Forum’s Davos summit on Monday. “Have we landed on what …
Read More »Bitcoin Shows Recovery Signs and Ether Gives Up Record High
Bitcoin rose on Monday, reducing its recent losses that came amid a strong correction wave and selling pressures that brought the price of the world’s largest digital currency below $30,000. Over the past 24 hours, Bitcoin rose by about 3% to near $32,600, cutting its losses over the past seven …
Read More »Bitcoin Heading For Its Worst Weekly Loss in a Month
Bitcoin is experiencing volatility on Friday, January 22nd and is heading towards its worst weekly decline since September, as concerns about regulation and its overheating push it back from record highs reached recently. The world’s most popular cryptocurrency fell by more than 5% to its lowest level in nearly three …
Read More »Bitcoin Losses Continue Amid Strong Selling Pressure
Bitcoin continues to decline on Thursday, for the second consecutive day, amid strong selling pressures. The biggest digital currency in the world has lost more than 9% over the past 24 hours, extending its losses over the past seven days to about 19.5%. Bitcoin, the largest cryptocurrency in terms of …
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