Markets

It goes without saying that Tesla took center stage last week when the company announced it would no longer support bitcoin payments for its electric vehicles. The message seems to have resonated, as Greenidge Generation Bitcoin Mining has vowed to be carbon neutral in 2021 and beyond. Carbon Neutral Bitcoin Mining After announcing plans to expand its Bitcoin mining operations last month, Greenidge is now looking to go entirely carbon neutral this year and in the future. The...

ADA/USD: New ATH Above $2.50 Key Support Levels: $2.26, $2.10, $1.98, $1.85. Key Resistance Levels: $2.52, $2.75, $3.00, $3.20. While the entire market struggles, as Bitcoin fails to reclaim the $50K mark, ADA managed to surge by almost 50% this week and set a new ATH price at $2.52 earlier today. The cryptocurrency had surged from the 50-day MA at the start of May to meet resistance at around $1.80 last week. On Thursday, ADA finally broke above to reach the $2 milestone....

Currently, ICP is trading at $258, has lost over 60% of its debut price, and is currently valued at $32 billion. In the past few days, Internet Computer (ICP) made a debut with an incredible display of $45 billion market value. However, the moment was short-lived as the price took a nosedive from $731 debut price to $146 within a few minutes. In an attempt to recover the lost value, ICP took a rebound to hit $280 in a couple of days but was dragged down the price curve by the general...

Bitcoin’s price continues to tumble, and the asset has failed to overcome $50,000 yet again. Some alternative coins have marked substantial gains in the past 24 hours, including another ATH for ADA and a 15% surge for XRP. As a result, BTC’s dominance has fallen to its lowest level since June 2018. 35-Month Low for BTC Dominance Ever since Elon Musk announced that Tesla will cease receiving bitcoin payments for its electric vehicles, the price of the primary cryptocurrency...

In the cryptocurrency space, it is usually considerably easier to focus on the negative than it is to look at the positive. As of late, Dogecoin is enduring some heavy suffering, with the fourth largest cryptocurrency by market cap falling as much as 20 percent in recent days, so for the most part, we are likely to see a lot of news coverage about this drop. Dogecoin Is Still a Beloved Asset However, despite this little setback, there is nothing to suggest that the...

The cryptocurrency market has become a wild show in recent months, perhaps led by Dogecoin’s emergence to the grand scene. The meme coin that started as a joke in 2013, whose founder sold its stack to buy an old Honda Civic back in the day, has been among the best performers eight years after its birth. Publicly supported by some of the most popular and influential celebrities, such as Elon Musk, Snoop Dogg, Mark Cuban, and more, the DOGE token grabbed people’s attention and...

Bitcoin has taken a nasty slump of roughly 12 percent and has fallen into the high $49,000 range thanks to Elon Musk and Tesla. Elon Musk Says “No” to Crypto Payments Musk – the South African entrepreneur behind the electric car company – made headlines in February when he decided to add approximately $1.5 billion worth of bitcoin to the firm’s asset roster. He later decided that the time had come to make bitcoin a valid payment method for Tesla goods and products. This caused many analysts...

Taking into account Marqeta’s valuation in the private markets, where its shares are selling from $33 to $35 each, the company’s market cap post IPO may top $16 billion to $17 billion, a figure that will outpace the record set by Affirm.Oakland, California-based payment firm Marqeta Inc has filed for an Initial Public Offering (IPO) in its bid to go public in the United States. The filing with the Securities and Exchange Commission (SEC) submitted on Friday shows how the firm has outperformed...

The Proof-of-Stake Cardano surged 18% today smashing past $2 for the first time and hitting its new all-time high. Cardano co-founder Charles Hoskinson said it is 1.6 million times more energy-efficient than Bitcoin.After this week’s major market correction, the cryptocurrency market, especially altcoins, has recovered strongly. Earlier today, Cardano (ADA) price surged all the way to its new all-time high of $2.18. The Cardano (ADA) valuations touched $70 billion making it the fourth-largest...

Bill Ackerman is a billionaire investor that knows a thing or two about financial stability and wealth. In a recent interview, he commented that cryptocurrency is a fascinating thing and that it could potentially benefit from some of the poor economic circumstances America is dealing with. Bill Ackerman Likes Bitcoin, Thinks Inflation May Last a While For the past year, inflation has been a serious problem in the United States and abroad. The coronavirus pandemic has...