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 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...

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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

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...

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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 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...

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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 14, 2021

Cardano Set to Launch Alonzo Upgrade

When Charles Hoskinson founded Cardano (ADA) in 2017, his goal was to launch a fast and scalable blockchain. Because of its Proof of Stake (PoS) consensus mechanism, Cardano has achieved this goal. Although the Cardano blockchain provides faster transaction speeds when compared to Ethereum (the ind...

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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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