Tag Archives: btcusd

The BTC rollercoaster continues. The primary cryptocurrency had started to climb from $30,000 on Thursday as it broke the previous week’s range by pushing above $33,000.On Friday, a Tweet and a bio change from Elon Musk sent Bitcoin soaring as it broke this descending triangle and went as high as $38,620 (Bitstamp).Unfortunately, this push higher was short-lived. Eventually, Bitcoin reversed toward the end of the day as it dropped by a total of $4,400 to close the daily candle inside the...

After a highly volatile day prompted by Elon Musk’s Bitcoin engagement on social media, BTC has retraced back to around $34,000, as of writing these lines. Most alternative coins also went along the ride, and the total market cap has sustained the $1 trillion mark.Bitcoin’s 24 Hours Wild RideThe primary cryptocurrency was struggling in the past several days as it even dipped beneath $30,000 on a few occasions that were quickly bought by the bulls. As a result, Bitcoin dominance was fading,...

This week will probably go down in history. Not for the cryptocurrency market but for Wall Street. Of course, this doesn’t mean that Bitcoin didn’t do its thing – it did, and this time it was Elon Musk responsible.First things first, though, a few days ago, Redditors took Wall Street at its own game. To be precise, Wall Street Bets, a group that exploded in popularity on the forum and quickly gained millions of followers, decided to open long positions on a legacy stock – GME. This is the...

BitcoinBitcoin is up by a cool 20% over the past week as it currently trades near the $35,700 handle. The number 1 ranked cryptocurrency had been trapped within a range for the majority of the week as it oscillated between $33,000 and $30,000.Looking at the larger picture, Bitcoin was trading within a descending triangle pattern since hitting the new ATH price at $42,000 in early January 2021. It had spiked beneath the lower boundary of this triangle at $30,000 throughout the week but managed...

Bitcoin has to prove itself in order to become a reliable store of value. BlackRock CEO and founder Larry Fink said that the crypto asset might see a bright future, but firstly it has to endure and prove itself.Bitcoin is Still UntestedDuring a recent interview, BlackRock founder and CEO Larry Fink expressed his current opinion and predictions towards the world’s leading cryptocurrency in terms of market cap. Asked to share some thoughts on BTC, Fink said that the digital asset might see a...

The US financial services company Robinhood continued with restricting its users from accessing its most popular products. After yesterday’s halt of GME stocks, the platform has suspended instant cryptocurrency buying, citing “extraordinary market conditions.”Robinhood’s Restrictions Reach CryptoFollowing the GameStop sage, in which the company’s stocks went parabolic driven by retail interest, Robinhood barred traders from buying its shares. The firm argued that it was looking out for its...

After another day that reminded of the volatility in the cryptocurrency market, Binance has experienced technical difficulties that resulted in temporarily halting withdrawals. Nevertheless, the leading exchange reassured its customers that all funds are safe and later announced it had resolved the problem.CryptoPotato reported earlier that BTC, as well as most alternative coins, skyrocketed in a matter of minutes after Tesla’s CEO Elon Musk updated his Twitter profile to include only...

The cryptocurrency market capitalization has exploded above $1 trillion as Bitcoin surged to $38,000 following a recent pro-BTC action taken by Tesla’s Elon Musk.The alternative coins joined the ride as well, including Ethereum touching $1,400 and XRP surging above $0.28.Bitcoin Touches $38K Following Musk’s EngagementCryptoPotato reported earlier that the primary cryptocurrency was struggling with maintaining its price above $32,000. While the bears were looming in, a compelling development...

Upon announcing its Q4 2020 results, the large NASDAQ-listed business intelligence company MicroStrategy vowed to continue with investing excess cash in bitcoin. Furthermore, Michael Saylor’s firm plans to explore other approaches that will enable it to allocate even more funds in BTC.MicroStrategy’s To Buy Even More BTC?Described as the “largest independent publicly-traded business intelligence company,” MicroStrategy made history in 2020 with several massive purchases worth over $1 billion...

The world’s richest man, Elon Musk, has put Bitcoin as the only word in his Twitter bio. As a result, the price of bitcoin skyrocketed.Elon Musk, the CEO of Tesla has put Bitcoin as the only word in his Twitter bio.The high-ranked executive also tweeted minutes later that “in retrospect, it was inevitable.”What’s interesting is how this impacted Bitcoin’s price.In less than a few minutes, BTC jumped from a low of around $32,070 to a high of around $37,060 – adding $5,000 to its dollar...