Markets

Tesla has just bought a whole lot of bitcoin for itself, but according to a report by JPMorgan, people shouldn’t expect this move to be repeated by other major companies, as bitcoin is still too volatile to take seriously.JPMorgan Is Doubtful That Tesla Made Any Serious HeadwayThe electric car company owned and operated by South African entrepreneur Elon Musk recently made a real dent in the crypto space when it decided to purchase roughly $1.5 billion worth of the world’s number one digital...

Altseason is booming. Data from the popular monitoring resource Coin Market Cap shows that the total capitalization of all alternative cryptocurrencies currently stands just shy of $600 billion. This has reduced Bitcoin’s market dominance to 60%.With this said, we’ve selected five altcoins to keep a close look at in the following week.Yearn Finance (YFI)YFI needs no introduction. It’s the governance token for the Yearn Finance ecosystem, and it’s one that definitely made history....

It’s been mostly green on the cryptocurrency market over the past couple of days and this is especially true for the skyrocketing altcoins. The total market capitalization stands at around $1.45 trillion whereas bitcoin’s dominance has been reduced to 60.3%.Bitcoin Struggling Below $50,000Just yesterday, Bitcoin made another attempt to reach the coveted $50,000 mark but unfortunately, it was unable to do so. The cryptocurrency peaked at a high of exactly $49,000 on Bitstamp.At the time of...

A move by US banks to adopt Bitcoin could be a huge call to legitimize the entire crypto industry and is likely to influence other global banks. As the cryptocurrency market capitalization almost tops $1.5 trillion, US banks are feeling the pressure from within Wall Street to accept Bitcoin and other digital assets as legitimate assets. According to media outlet CNBC, the United States major financial institutions are eyeing the crypto industry as it continues to disrupt the traditional...

BitPay is joining forces with Apple Pay as more institutions are inclining toward cryptocurrencies, influenced by Tesla’s $1.5B investment in Bitcoin.Atlanta-based crypto payment provider BitPay has taken a step further with cryptocurrency transactions by incorporating Apple Pay into its platform. Now users can add the Mastercard Prepaid service to Apple Pay.This integration will allow users to spend their crypto in a secured, fast manner as well as turning them into US Dollars, the company...

To say that the last week was interesting in the cryptocurrency market would be a massive understatement. Bitcoin almost reached $50K, Ethereum shot past $1800, BNB peaked at around $150 – these are just some of the highlights.Starting off, a few days ago, Bitcoin received perhaps what might be considered as its major endorsement in the recent years – Tesla revealed a bitcoin buy worth $1.5 billion in January. That’s right – one of the world’s largest public companies allocated around 15% of...

Ned Segal – the CFO of Twitter, the second-largest social media platform in the world – says that the company is potentially looking into adding bitcoin to its official finance roster, thereby allowing payments to be made in the world’s number one digital currency by market cap.Twitter Could Be the Next Big BTC Payment ProviderSegal says that nothing is set in stone yet, though if Twitter were to make this decision in the coming weeks or months, it shouldn’t be a surprise to digital traders....

Mark Cuban is back in the news talking about bitcoin. In the past, Cuban has been relatively lukewarm when it comes to the world’s number one digital currency by market cap. While the basketball team he owns – the Dallas Mavericks – will accept crypto payments for merchandise and tickets, Cuban himself doesn’t always see value in digital assets.Mark Cuban Has Mixed Thoughts on BTCNow, in a new interview, the billionaire stockholder claims that bitcoin will never be a valid currency, and he...

BitcoinBitcoin is up by a solid 28.2% this week as the coin set a new ATH today at $49,000. The cryptocurrency had penetrated above the previous consolidation pattern at the start of the month and started to push higher over the past week.On Monday, BTC surged from $38,800 to reach the resistance at $46,427 (1.618 Fib Extension – red). There, it established an ascending price channel. It took a couple of days for BTC to break that level.Today, Bitcoin climbed higher to set the new ATH at...

According to the analysis, the ratio between Bitcoin market capitalization and thermocap suggests the asset could surge another 135% in the near future.As institutional investors proliferate into the crypto industry, Bitcoin price prediction from different corners continues to fuel the ongoing bull rally. According to Glassnode CTO and co-founder Rafael Schultze-Kraft, Bitcoin could see a further surge of approximately 135% from the current levels of $48k to hit slightly above $100K.Notably,...