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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May 09, 2021

Glassnode: Whales have Resumed Accumulation of Bitcoin

A new on-chain analysis from Glassnode shows that Bitcoin (BTC) wallets with 100 to 1000 coins have acquiring BTC coins. The Glassnode data on Bitcoin was published on Twitter by Lex Moskovski, the CIO of Moskovski Capital. According to the data, this is a new development since the BTC sell-off in ...

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May 09, 2021

Bitcoin (BTC/USD) Price Hovers Closer to the Level of $60,000 Resistance

Bitcoin Price Prediction – May 9Over a notable number of times, the BTC/USD market has continually hovering closely below the immediate $60,000 resistance trading zone. As of writing, price is traded at about a reduction of 0.28% since it embarked on rebounding efforts. BTC/USD MarketKey Levels:Res...

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May 06, 2021

Bitcoin Continues to Attract Big Bucks Amid Market Dominance Decline

The world’s largest cryptocurrency, Bitcoin (BTC), is reported to have attracted about $442 million in BTC-related investments over the last week. According to the weekly digital asset fund flows report by CoinShares, the total inflow of capital into the crypto space peaked at $489 million at the e...

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May 05, 2021

Bitcoin (BTC/USD) Keeps Trading Underneath the $60,000 Resistance Point

Bitcoin Price Prediction – May 5There has been a continual positive slight response to declining pressure imposed on the flagship crypto by the US Dollar down the line underneath the resistance level of $60,000. The crypto’s value as of writing trades around a low level of $55,000. BTC/USD Market K...

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May 04, 2021

Bitcoin Market Analysis — May 4

Bitcoin (BTC) got struck by immense volatility yesterday as the benchmark cryptocurrency dipped by over $4k after touching the $59k high. Meanwhile, Ethereum (ETH), Binance Coin (BNB), and Dogecoin (DOGE) continued to print record highs after record highs. Ethereum has been on a bullish roll for a ...

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May 02, 2021

CryptoQuant Data Suggests that Whales Kept Buying Bitcoin Through Last Month’s Dip

According to an on-chain data report from CryptoQuant, Bitcoin (BTC) whales took advantage of the April crash to stock up on BTC. Additionally, the report noted that the prospect for another upward price surge is still very likely, as traders struggle to break the $58k resistance. Following an over...

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