Markets

“Diamond Hands” is a popular meme by the “WallStreetBets” Reddit forum in reference to investors who believe that their investments will be eventually profitable and keep them holding even if the asset price drops.On Wednesday, May 19, Bitcoin (BTC) price plunged all the way down to $30,000 in one of the biggest crashes in market history. There was major mayhem in the crypto space as major investors started liquidating their holdings. However, for a change of heart, Elon Musk can to the...

Bitcoin price started a strong decline below the $40,000 support against the US Dollar. The price is now trading well below $45,000 and the 55 simple moving average (4-hours). There is a crucial bearish trend line forming with resistance near $40,500 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair is likely to start a strong recovery if it settles above $42,000 in the near term. Bitcoin price is attempting an upside correction from $30,000...

The past week was quite the rollercoaster in the cryptocurrency market – both in terms of price and sentiment. And by sentiment, I mean the community’s affection to one of the most influential, popular, and rich people on the planet. Of course, I’m talking about Tesla’s CEO – Elon Musk. Before I go in details with my opinion as to why I believe Bitcoin doesn’t need him (or anyone else of his kin, for that matter) and if it does – it means it failed, I’m going to give a short...

Bitcoin is king of the crypto space. There is no denying that. Therefore, whichever way it goes – either up or down – other assets and blockchain-based entities are likely to follow. If bitcoin is in the green, others tend to do quite well, but if it is in the red, things are dropping like flies. Coinbase knows this all too well. Coinbase Ain’t Doing So Hot As one of the largest and most popular cryptocurrency exchanges in the western hemisphere, Coinbase made the...

There comes a time when people need to learn to stop talking and just listen. It looks like that time has come for Elon Musk. Either he is oblivious to his power within the crypto community, or he likes to make waves as a hobby, but his latest discussion regarding selling his bitcoin stash has delivered a hard blow to the world’s number one digital currency by market cap. Elon Musk May Cash Out of Crypto Musk – the South African entrepreneur behind billion-dollar...

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...

DeFi continues to gain momentum as more in and outside the crypto world understand its immense potential. Take a look at some of the most promising DeFi projects.While Elon Musk and Dogecoin have seemed to dominate crypto headlines lately, for some, decentralized finance continues to prove popular and becomes an even more attractive opportunity to invest as the market is bleeding.DApp Radar revealed in mid-May how Polygon, a top platform for scaling and development on Ethereum, grew by 75,000...

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...

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....

Chia coin market price has jumped by approximately 30% in the past two weeks but now it is down nearly 30% in the last 24 hours.A huge demand for high-capacity Hard Disk Drives (HDD) that are typically used by Chia network users in the Proof-of-Space and time concept, has triggered a notable shortage in the HDD supply market, according to research conducted by Tomshardware.Reportedly, HDD market prices spiked in the United States as Chia users went in for more hardware storage to get frequent...