Tag Archives: Bitcoin (BTC) Price

With its massive $1.5 billion purchase of bitcoin, the electric vehicle giant Tesla has inadvertently helped the cryptocurrency to surpassed it in terms of market capitalization. With BTC’s price skyrocketing to new highs and its market cap following, bitcoin is now ranked as the 7th largest asset.Bitcoin Surpasses Tesla For The 7th SpotElon Musk’s Tesla shocked the world after it filed Form 10-K with the US SEC, in which the founded in 2003 clean energy giant said it had purchased $1.5...

Following the news about Tesla’s billion-dollar investment in bitcoin, analysts reveal that the Elon Musk-led company invested around 15% of its net cash into the flagship cryptocurrency.As reported by CryptoPotato earlier today, Tesla made headlines across the crypto verse after it invested $1.5 billion into bitcoin, as revealed in a 10k form filing with the U.S. SEC.Meanwhile, David Lawant, a Research Analyst at Bitwise Asset Management, tweeting shortly after the bitcoin investment, noted...

Bitcoin’s price exploded to new highs following Tesla’s allocation of $1.5 billion in the cryptocurrency. BTC’s dominance also increased by about 1.5% as most altcoins crashed against their leader.Bitcoin Paints A New ATH And Expands DominanceNews broke out earlier today that the electric vehicle giant Tesla had purchased a total of $1.5 billion in bitcoin. The price of the asset reacted with a sharp price increase, in which BTC added about $6,000 of value in merely minutes.This resulted in...

Today is yet another tumultuous day in the cryptocurrency market. The massive volatility, propelled by the fact that Elon Musk’s Tesla revealed a purchase of $1.5 billion in BTC, caused over $1.34 billion liquidated both long and short positions, though bulls had the upper hand.Things happen quickly in the cryptocurrency market. Bitcoin was trading rather calmly earlier today, making progress towards the $40,000 level after failing to sustain it during the weekend.However, everything changed...

Following the $1.5 billion Bitcoin purchase announcement coming from Tesla, the primary cryptocurrency saw a huge hourly surge of almost 15%: from the $39K range to a new all-time high at $44,899, according to Bitstamp.Quick recap: bitcoin surged to its previous ATH of $42,000 on the 8th day of January. From there, it started a consolidation phase as it formed a descending triangle pattern with a floor at $30,000, which held nicely as the bottom of the triangle.After a false breakout signal...

Bitcoin’s price exploded in the past hour following an announcement from the electric vehicle giant Tesla that it had purchased $1.5 billion of the primary cryptocurrency in January. However, the massive volatility and perhaps growing interest have caused technical difficulties for the Malta-based exchange Binance.CryptoPotato reported earlier today that Elon Musk’s Tesla had allocated $1.5 billion in Bitcoin in January 2021, per a Form 10-K filed with the Securities and Exchange Commission...

In a massive turn of events for the entire Bitcoin community, Elon Musk’s Tesla has filed with the SEC, revealing that the company has bought a whopping $1.5 billion in Bitcoin this January.The price of Bitcoin has surged to a new all-time high above $42,000 as an SEC filing revealed that Tesla has bought $1.5 billion of BTC in January.In January 2021, we updated our investment policy to provide us with more flexibility to further diversify and maximize returns on our cash that is not...

Bitcoin’s endurance above the $30,000 level despite a few brief dips beneath it will help the asset to resume its bull run and head towards $50,000 soon, asserted Bloomberg strategists. In their February report on the cryptocurrencies’ performance, the analysts also highlighted the substantial inflows towards BTC, while gold ETFs have stalled in attracting fresh funds.Bitcoin Vs. Gold: Inflows And OutflowsThe notion that the primary cryptocurrency has been gradually claiming shares of gold’s...

After another increase that took BTC to $41,000, the cryptocurrency has retraced beneath the coveted $40,000 level. The crypto market cap reached ATH above $1.2t but has retraced as most altcoins have also corrected slightly. Cardano is the main exception, with a massive 20% surge to a new 3-year high.Bitcoin Touched $41K But RetracedThe primary cryptocurrency was gradually increasing in value since Monday’s dip until it broke above $37,000 a few days back. However, the bulls pulled it...

Bitcoin is up by a strong 6% over the past 24-hours as it surged almost $2,000 from $38,000 to reach $40,000. Since Tuesday, the bulls have been back in town when BTC managed to break past the previous consolidation phase by pushing above the upper angle of a descending triangle.Since then, the buyers have pushed higher and allowed Bitcoin to increase by a total of almost 20% to breach the $40,000 level today.With the newly found bullish momentum, it is back on track to re-approach the ATH...