Tag Archives: tesla

This week was particularly turbulent in the cryptocurrency market. Bitcoin’s price crashed to $30K following comments made by Elon Musk, who keeps teasing Dogecoin HODLers. Meanwhile, we also saw old China FUD recycled yet again. Starting off with bitcoin’s price performance, the week was rather unfortunate for bulls. BTC is down about 25% in the past seven days, currently sitting at $37K. It’s worth noting, though, that the cryptocurrency fell even lower, briefly touching...

Jim Cramer is not too happy about how much power Elon Musk has in the crypto community. Jim Cramer Doesn’t Like How Much Power Elon Musk Has His attitude stems from recent events in which Musk was alleged to have caused a serious backtracking of bitcoin’s price. The currency had been trading for a new all-time high of nearly $64,000 throughout the month of April. However, bitcoin is now trading for just over $43,000 per unit, thereby constituting a loss of more than...

Electric car company Fisker Inc. is taking a page out of Tesla’s book and is giving a big thumbs down to the idea of bitcoin payments, claiming it will not be accepting the world’s largest and most popular cryptocurrency by market cap anytime soon for goods and services. Fisker Says “No” To BTC Tesla announced a few weeks ago that the company would be accepting bitcoin for items it produced. Customers could literally walk into a dealership then choose the car they liked...

Elon Musk and Tesla have been in the news a lot as of late, primarily for their roles in the bitcoin community. Just a few days ago, it was widely speculated that Elon Musk was potentially looking into selling all his bitcoins and that he may part ways with his stash. However, while nothing can be said for his personal crypto collection, Musk has assured his social media followers and crypto fans everywhere that Tesla has not parted with any of its digital assets. Elon...

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,...

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...

It goes without saying that Tesla took center stage last week when the company announced it would no longer support bitcoin payments for its electric vehicles. The message seems to have resonated, as Greenidge Generation Bitcoin Mining has vowed to be carbon neutral in 2021 and beyond. Carbon Neutral Bitcoin Mining After announcing plans to expand its Bitcoin mining operations last month, Greenidge is now looking to go entirely carbon neutral this year and in the future. The...

Bitcoin has taken a nasty slump of roughly 12 percent and has fallen into the high $49,000 range thanks to Elon Musk and Tesla. Elon Musk Says “No” to Crypto Payments Musk – the South African entrepreneur behind the electric car company – made headlines in February when he decided to add approximately $1.5 billion worth of bitcoin to the firm’s asset roster. He later decided that the time had come to make bitcoin a valid payment method for Tesla goods and products. This caused many analysts...

To say that last week was eventful would be an understatement. The entire market went through extreme volatility. Many altcoins charted new all-time highs and went through serious declines as well. Let’s start with Bitcoin. The cryptocurrency is currently down about 10% on the weekly – last Friday, it was trading at around $57K. Unfortunately, it was all downhill from there, with the exception of the first few days as on Monday, BTC had an unsuccessful attempt at the coveted...

It goes without saying that the entire cryptocurrency community was taken ablaze by what happened with Tesla, Elon Musk, Bitcoin, and, somewhat not surprisingly, Dogecoin. Following the electric vehicle manufacturer’s decision to halt BTC payments for its products due to environmental considerations, Elon Musk, the company’s CEO, said that he’s working with Dogecoin developers to improve transaction efficiency. Working with Doge devs to improve system transaction efficiency....