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Bitcoin (BTC)

Elon Musk, Michael Saylor, Peter Schiff, and Others: Community Reacts to Bitcoin’s Bloodbath

This collapse, catalyzed by Elon Musk’s tweets criticizing Bitcoin’s energy consumption, was exacerbated by several factors, including China, reiterating its anti-Bitcoin stance, a large short position on Bitfinex, and the necessity of a general correction in the overbought crypto space. Crypto-related hashtags are trending across the world, including #crypto, #buythedip, and #altseason2021. Bears Attack Bitcoin skeptics and critics felt vindicated today as BTC temporarily...

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Bought The Dip: Justin Sun Buys $150 Million Worth of Bitcoin

Justin Sun, the founder of TRON, just announced that he purchased over $150 million worth of bitcoins at an average price of about $36,800. In what some are calling ‘the greatest wealth transfer of the year,’ Bitcoin and the cryptocurrency market at large plummeted over 50% before rebounding over 25% within hours. Amidst a slew of liquidations, several high-profile cryptocurrency advocates like Michael Saylor spoke out, reaffirming their bullish thesis, unexpectedly including...

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Mike Novogratz: BTC Will Consolidate for a While

Bitcoin has fallen into the dung heap. The currency – which last month hit a new all-time high of roughly $64,000 – is now trading for about $20,000 less and is trapped in the $43,000 range. It also looks like things are going to be unsteady for the next couple of weeks according to billionaire investor and former hedge fund manager Mike Novogratz. Mike Novogratz: Expect Things to Be Down for the Next Month Novogratz is arguably one of the world’s biggest bitcoin...

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Wells Fargo to Onboard a Crypto Strategy for Instituional Clients in June

The investment department of the large multinational financial service organization, Wells Fargo, is looking into offering cryptocurrency products to its institutional clients. A senior executive outlined the innovation in a recent interview and called bitcoin “a nice diversifier.” Wells Fargo Getting on the BTC Wagon? In a recent interview with BusinessInsider, Darrell Cronk, president of the Wells Fargo Investment Institute (WFII), highlighted the bank’s recent...

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Parlons Bitcoin : Le bitcoin, outil numérique de souveraineté, vecteur de Liberté

« Deuxième partie de l’entretien avec Jacques Favier. Cette fois, on parle de souveraineté et de Liberté. Historiquement, les souverains sont des entités qui canalisent les énergies pour adresser de grands travaux. Ils ont un pouvoir déterminant sur nos vies. Il est donc important de comprendre qui ils sont, comment ils agissent et surtout, est-ce qu’ils nous servent comme attendu ? « On ne peut prévoir qu’une seule chose, c’est que ça va changer. » – Jacques Favier Dans cet...

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Bitcoin Price Dips to Around $36K, Market Sees $3.8B in Liquidation as Downward Spiral Continues

Out of the over $3.8 billion worth of cryptocurrencies liquidated, $2.1 billion came from Bitcoin trades, $1.01 billion from Ethereum trades with $115.4 million coming from XRP trades.Bitcoin (BTC) price fell below $40,000 for the first time in over three months, hitting an intraday low of around $36,000 at 7:30 am ET. The coin has dipped for the fifth day in a row, down 21.9% within the last 24 hours bringing its losses this month to over 35%, the most for a single month since November 2018....

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JP Morgan: Institutions May Replace Bitcoin for Gold As BTC Plummets Below $40K

Analysts of the banking giant JP Morgan opined that institutional investors might withdraw from Bitcoin and turn their sight back to gold as the price of the primary cryptocurrency collapsed. Back to Gold The turbulent times for cryptocurrencies caused some analysts to doubt bitcoin’s merit as a store of value. According to JP Morgan experts, the recent crash of Bitcoin can reflect on the entire financial world. They seem to believe that many investors will panic-sell their...

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Over $8 Billion Liquidated in a Day as Bitcoin Plummets to $30,000

The enhanced volatility in the crypto market continues to harm leveraged traders as the liquidations in the past 24 hours are more than $8 billion. Naturally, roughly 90% of all liquidations came from long positions. It’s safe to say that the cryptocurrency market has seen better days. The entire capitalization saw around $900 billion evaporated in the span of a week. It all started with Elon Musk’s statement asserting that Tesla had stopped receiving bitcoin for its electric...

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Taproot franchit le seuil déclencheur des 90 %

Les coopératives de minage BTC.com et Binance Pool signalent désormais Taproot [1]. Avec près de 95% de signalisation, Taproot devrait donc être verrouillé à l’issue de la prochaine période de 2016 blocs, soit autour du 10 juin pour une activation en décembre. Pour en savoir plus : taproot.watch [1] Taproot est une proposition de mise à niveau du protocole Bitcoin combinant l’algorithme de...

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