May 30, 2021

Bitcoin Price Analysis: Market Regains Modest Bullish Momentum

Last week, the crypto market saw billions of dollars flow out of the industry as Bitcoin (BTC) struggled to stay afloat. After a failed attempt at the $40k level, BTC plunged below the $34k level yesterday. At press time, the benchmark cryptocurrency trades at $36,200 per unit and is up by 4.7% aga...

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May 27, 2021

Bitcoin Remains Choppy Despite Renewed Investor Optimism

Bitcoin (BTC) and the rest of the cryptocurrency industry slipped lower in the early hours on Thursday. However, the cryptocurrency did not fall to its recent lows as most traders are optimistic that BTC is recovering. Bitcoin fell to the $37,120 low in the Asian session today, while Ethereum (ETH)...

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May 25, 2021

Bitcoin Recorded Worst Weekly Decline In History: Glassnode Report

Analytics data provider Glassnode has broken down last week’s Bitcoin (BTC) and crypto market slump in its “Week on Chain” report released yesterday. BTC fell from a weekly high of $59,460 to lows of $31,320, recording a massive -$28k weekly candle, the worse in history. Glassnode added that the do...

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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 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 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 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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