CRYPTOCURRENCY Archives - Page 208 of 213

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...

#BITCOIN #BTC #CRYPTOCURRENCY #NEWS

May 24, 2021

Ethereum On the Verge of Recovery as Price Steadies Above $2,200

Ethereum (ETH) appears to be on a path to recovery as it balances above the $2,200 level. Despite its 45% drop over the past seven days, reports show that more than 85% of all ETH HODLers are still in profits. Over the past week, the network suffered a massive drop in transactions worth roughly $19...

#CRYPTOCURRENCY #ETH #Ethereum #NEWS

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...

#BITCOIN #BTC #CRYPTOCURRENCY #NEWS

May 21, 2021

Dogecoin Stalls as Elon Musk Continues to Influence Markets

CEO of Tesla and SpaceX Elon Musk continues to move the Dogecoin (DOGE) market with his utterances and tweets. The outgoing billionaire tweeted yesterday that he would not sell any of his DOGE holdings as the market continues to stall. Musk tweeted this reply to a tweet from YouTuber Dave Lee calli...

#CRYPTOCURRENCY #DOGE #DOGECOIN #ELON MUSK #NEWS

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...

#BITCOIN #BTC #CRYPTOCURRENCY #NEWS

May 19, 2021

Ethereum Market Analysis: Traders Stock Up Despite Crash

Ethereum (ETH) and the rest of the cryptocurrency market remain in a downward spiral several days after Elon Musk announced that Tesla would stop accepting Bitcoin payments. This bearish momentum has only worsened following a cryptocurrency ban announcement by China today. At press time, the second...

#CRYPTOCURRENCY #ETH #Ethereum #NEWS

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...

#BITCOIN #BTC #CRYPTOCURRENCY #NEWS

May 17, 2021

Dogecoin Is a Better Replacement for Bitcoin: Elon Musk

Elon Musk is, once again, using his influence to push Dogecoin (DOGE) into the spotlight. Having cited concerns over the energy consumption and carbon footprint of the Bitcoin Network, Musk has proposed that Dogecoin is a more sustainable future cryptocurrency, given its environmental-friendly natu...

#CRYPTOCURRENCY #DOGE #DOGECOIN #NEWS

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...

#BITCOIN #BTC #CRYPTOCURRENCY #NEWS