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Tag Archives: Bitcoin (BTC) Price

Tesla Rival Fisker Won’t Invest in Bitcoin, Says CEO

Tesla’s electric vehicle competitor Fisker Automotive has no plans to interact with bitcoin, said the company’s CEO, Henrik Fisker. During a recent interview, the executive also touched upon the growing environmental concerns and called BTC “not a sustainable solution.” Fisker Won’t Get Involved With Bitcoin Although Tesla and its CEO, Elon Musk, caused massive turbulence in the markets most recently, the electric vehicle maker is actually one of the largest BTC holders....

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Bitcoin’s Volatility Is the Price You Pay for Outperforming the S&P by 10x, Michael Saylor

Volatility could be scary for some BTC investors, but it’s the price to pay for overperforming the S&P index 10x over a decade, said MicroStrategy’s CEO, Michael Saylor. He also described Elon Musk as “enthusiastic” about the bitcoin space following the latest criticism from Tesla’s CEO. Speaking on the enhanced volatility that bitcoin faced in the past week or so, Saylor joined others indicating that such dramatic fluctuations could be expected to some extent in the...

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Bitcoin Dipped to $33,500 Amid The News From China: Dominance Soars As Altcoins Plunge (Market Watch)

With bad news attacks coming from all directions over the past week, bitcoin’s price fails to recover any of the recent losses. In the past 24 hours alone, the cryptocurrency fell by almost $10,000 following another set of China FUD. Most altcoins have it even worse, with double-digit price slumps charted from ETH, BNB, ADA, DOGE, XRP, and more. China Causes Another $9K Dip for BTC Bitcoin has seen better days. The massive sell-off during the week caused substantial...

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State Council of China Reiterates Ban on Bitcoin Mining and Trading: BTC Price Drops Below $37K

It appears that Chinese authorities are doubling down on their reiterations of the previous crackdown on cryptocurrencies. The latest stark warning comes from the State Council of China. According to a report issued today, the Financial Stability and Development Committee of the State Council of China held a meeting, pointing out that “the financial system resolutely implemented the decisions and deployments of the Party Central Committee and the State Council, increased...

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Bitcoin Twitter Mentions Skyrocket to a New All-Time High After the Crash to $30,000

Although bitcoin’s price may have tumbled by 40% since its peak, the asset’s popularity and engagements are actually booming. According to recent on-chain data, the number of tweets involving the primary cryptocurrency has spiked to a new all-time high amid and following the latest market crash. Bitcoin Twitter Engagements Through the Roof Jack Dorsey’s social media giant is arguably the most preferred platform for crypto fans, investors, and proponents to engage with each...

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Crypto Price Analysis & Overview May 21st: Bitcoin, Ethereum, Ripple, Binance Coin, and Polkadot

The past seven days were particularly volatile and, unfortunately for many, bears had the upper hand. Bitcoin dropped to a price not seen since January, while the rest of the market followed. Bitcoin Bitcoin is down another 18.5% this week as it trades near $40,900. The cryptocurrency is now down by a total of around 35% from the $64,895 all-time high set in April. BTC saw an extremely volatile week in which prices dropped as low as $30,000 on Wednesday – hitting levels not...

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Crypto Twitter Mocks Elon Musk After He Tried To Bully Michael Saylor

It seems that Elon Musk is not the nice guy on the neighborhood aymore. Instead, people could be getting tired of his tweets —or maybe the losses after the flash crash following his claims that Bitcoin was dangerous for the environment were the last straw for many cryptocurrency enthusiasts who are no longer afraid to criticize him. Recently Elon became the trolled troll of Crypto Twitter. Just moments after he tried to mock Michael Saylor, the CEO of Tesla received so much...

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How Does the May 19th Bitcoin Correction Compare to History?

Bitcoin and the rest of the market tanked yesterday. Red was all over the place with double-digit drops across all charts. In BTC’s case, this nosedive came as a continuation of larger retracement that started after the all-time high in April at $65,000. However, how does this correction compare to others? Mid-2021 Correction: What Happened? Before heading into the most recent price developments, it’s worth exploring what transpired before the market got there. In short,...

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Bitcoin Bull Run Still ‘In Tact’, According to SkyBridge Capital’s Anthony Scaramucci

Bitcoin’s 2021 bull cycle was paused, not entirely stopped, and will resume, opined the founder of SkyBridge Capital – Anthony Scaramucci. In a new interview, the former White House Communications Director addressed the recent environmental issues and called Bitcoin a fully robust monetary network. Yesterday’s market crash that saw bitcoin sliding by more than $10,000 in minutes sent shockwaves among investors and commentators rushing to offer their opinion on the matter. The...

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Another U-Turn: Guggenheim CIO Scott Minerd Calls Crypto ‘Tulip Mania’

Scott Minerd – Global Chief Investment Officer and Chairman of Guggenheim Partners – compared the recent crypto market collapse to the ”Tulipmania’ in the 17th century. His current stance came somewhat unexpectedly since not long ago, he predicted a price of $600,000 for Bitcoin. Crypto Is a ‘Tulipmania’ The recent crypto market crash created an opportunity for numerous investors and influential people to express their predictions about the current state and future price of...

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