Tag Archives: elon musk

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,...

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...

The past week was quite the rollercoaster in the cryptocurrency market – both in terms of price and sentiment. And by sentiment, I mean the community’s affection to one of the most influential, popular, and rich people on the planet. Of course, I’m talking about Tesla’s CEO – Elon Musk. Before I go in details with my opinion as to why I believe Bitcoin doesn’t need him (or anyone else of his kin, for that matter) and if it does – it means it failed, I’m going to give a short...

Bitcoin is king of the crypto space. There is no denying that. Therefore, whichever way it goes – either up or down – other assets and blockchain-based entities are likely to follow. If bitcoin is in the green, others tend to do quite well, but if it is in the red, things are dropping like flies. Coinbase knows this all too well. Coinbase Ain’t Doing So Hot As one of the largest and most popular cryptocurrency exchanges in the western hemisphere, Coinbase made the...

There comes a time when people need to learn to stop talking and just listen. It looks like that time has come for Elon Musk. Either he is oblivious to his power within the crypto community, or he likes to make waves as a hobby, but his latest discussion regarding selling his bitcoin stash has delivered a hard blow to the world’s number one digital currency by market cap. Elon Musk May Cash Out of Crypto Musk – the South African entrepreneur behind billion-dollar...

Bitcoin has fallen into the dung heap. The currency – which last month hit a new all-time high of roughly $64,000 – is now trading for about $20,000 less and is trapped in the $43,000 range. It also looks like things are going to be unsteady for the next couple of weeks according to billionaire investor and former hedge fund manager Mike Novogratz. Mike Novogratz: Expect Things to Be Down for the Next Month Novogratz is arguably one of the world’s biggest bitcoin...

The honeymoon period between Tesla and Bitcoin may have ended as the latter’s price has returned to levels before the EV-maker entered the scene. Despite the massive crash, though, several on-chain instruments suggest that long-term holders have refused to sell, while some larger whales may have used the opportunity to buy the dip. Bitcoin Back to Pre-Tesla Price Levels Elon Musk’s electric vehicle giant broke the internet in early February when it revealed that the firm had...

The cryptocurrency market continues to baffle. More specifically – everything that Elon Musk tweets about, regardless of whether it actually has any relation to cryptocurrencies – seems to have an impact. The case in point is a cryptocurrency called Starbase Token, carrying the STAR ticker. According to the project’s official website, it represents a “blockchain token-based crowdfunding/sourcing platform.” In essence, it’s a place where startups can raise funds by issuing...

Bitcoin has fallen deeply into a state of oblivion. Once trading for well over $64,000, the world’s number one digital currency by market cap has lost nearly $20,000 in value since last month and is presently trading for just over $47,000. Bitcoin Is Still Being Bought Up Among many analysts is an attitude of gloom and doom. Some consider the end of bitcoin to be near, while other largescale investors – such as Michael Saylor of MicroStrategy fame – think that this is...

Bitcoin investors have started to deposit substantial amounts of their portions into exchanges, on-chain data shows. Consequently, a popular analyst expects the asset’s price to stay at current levels or, most probably, to keep dumping in the following days. Bitcoin Whales’s Deposits to Exchanges Skyrocket Bitcoin’s price was on a wild rollercoaster ride in the past week or so with Elon Musk receiving most of the blame. After he and Tesla announced that customers can no...