May 23, 2021

Bitcoin (BTC) Market Analysis — May 23

Bears continue to hold market dominance in the crypto space as Bitcoin (BTC) and other altcoins bleed on Sunday. The entire market capitalization has dropped by over $180 billion over the past 24 hours. Nonetheless, Bitcoin has slowly reclaimed more market dominance over the past few days, as the b...

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May 20, 2021

BTC Crash Is Temporal: Anthony Scaramucci Reiterates Bullish Views

Following yesterday’s market crash, which saw Bitcoin (BTC) plummeting more than $10k in a few minutes, many investors and analysts have lent their opinion on the matter. Speaking with CNBC earlier today, the founder of SkyBridge Capital, Anthony Scaramucci, asserted that the benchmark cryptocurren...

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May 19, 2021

Bitcoin (BTC/USD) Breaks down the $45,000 Support

Bitcoin Price Prediction – May 19The current extension of downward pressure has spanned from what formerly looked a correctional has now metamorphosed into an early-stage bearish trend. The crypto is presently priced lowly at around the value of $43,069 at -1.13%. BTC/USD Market Key Levels:Resistan...

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May 18, 2021

BTC Market Analysis: HODLers Keep Buying Despite Massive Correction

Bitcoin (BTC) prices appear to be regaining stability over the past few hours, following a heart-wrenching selloff. Panic sales have eased off, and weak hands have left the market. At press time, the benchmark cryptocurrency trades at +4% from its recent plunge to the $42k area. The recent correcti...

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May 16, 2021

Greenidge Vows to Pursue More Carbon-Neutral Bitcoin Mining Operations

Without a doubt, last week’s Bitcoin (BTC) market dynamics got driven by Tesla’s announcement that it would stop receiving BTC payments for vehicles. The electric vehicle manufacturer cited environmental concerns as the reason for its unexpected decision. The message has resonated across the indust...

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May 16, 2021

Bitcoin (BTC/USD) Dumps Lower Averaging the Support of $35,000

Bitcoin Price Prediction – May 16The market valuation of BTC/USD goes under a falling pressure after losing momentum near underneath the resistance trading zone of $60,000. The crypto’s price now trades around the value of $49,466 with about a 5.44% increase. BTC/USD MarketKey Levels:Resistance lev...

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May 13, 2021

Tesla Discontinues Acceptance of Bitcoin Payments for Vehicles

Billionaire CEO of Tesla, Elon Musk, has announced via a Twitter post that Bitcoin (BTC) payments will no longer get accepted by the behemoth electric vehicle manufacturer for its vehicles. In a tweet published yesterday, Musk cited Bitcoin’s immense energy consumption as the reason for the payment...

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May 12, 2021

Bitcoin (BTC/USD) Trades Lower Underneath the Key Resistance of $60,000

Bitcoin Price Prediction – May 12Majorly, the resistance line of $60,000 has been very difficult for the BTC/USD to push past as it occurred sometimes back On March 14 and some subsequent days’ sessions. Presently, the market is trading around $57,390 level with about a 1.17% increase. BTC/USD Mark...

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May 11, 2021

Morgan Creek’s CEO Expects Bitcoin to Hit $250k Over the Next Five Years

Bitcoin (BTC) has struggled to reclaim the $65k all-time high recorded sometime in April, the benchmark cryptocurrency trade on a sideways bias. Despite the recent bearishness seen in BTC, Mark Yusko, the CEO of Morgan Creek Capital Management, recently made a bullish prediction for the benchmark c...

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