Crypto investor Mike Novogratz doesn’t expect the recent plunge in bitcoin to correct quickly, according to CNBC. Novogratz calls it a “liquidation event” that will see the market consolidating around…
The Bitcoin price relief rally experienced on Tuesday faded after a joint statement by Chinese regulators. The BTC has dropped by more than 5% to $40,462. The currency is almost…
Bitcoin fell to almost $30,000 on Wednesday to extend its losses that started last week. The price of the world’s biggest cryptocurrency has now fallen more than 50% since its…
At least $600 billion worth of digital tokens have been wiped out of the cryptocurrency market in the past week. Bitcoin, the world’s largest cryptocurrency, shed 11% on Wednesday to…
Bitcoin chartists predict big selloffs of the world’s largest cryptocurrency. Evercore ISI’s Rich Ross expects prices to fall to the 200-day moving average or at about $40,000 price level. Analysts…
Ark Invest has termed Elon Musk’s environmental concerns about bitcoin mining as “misguided,” according to the Markets Insider. Analyst Yassine Elmandjra says bitcoin can enhance green-energy revolution and contribute positively…
Bitcoin plunged to the lowest since February after Tesla CEO Elon Musk said the company may sell its crypto holdings. The world’s largest crypto currency traded at $45,270 as of…
The market value of cryptocurrencies dropped from $2.43 trillion to about $2.06 trillion after Tesla’s Elon Musk suspended car purchases using bitcoin, CNBC reports. Musk cited environmental issues in bitcoin…
Tesla wanted to show bitcoin’s liquidity and its qualities as a substitute to cash by disposing 10% of the crypto value, reports Bloomberg. Through a tweet, CEO Elon Musk said…
Bitcoin critic Nassim Taleb has termed the crypto asset as an open Ponzi scheme and failed currency, reports Markets Insider. Taleb, who is the “Black Swan” author, has downplayed any…
JPMorgan strategists have warned that if bitcoin cannot surpass the $60,000-mark, momentum will wane, according to Bloomberg. The strategists also say the flows into the digital currency is currently weak.…
China has called bitcoin as “an investment alternative,” a remarkable shift after a crackdown on issuance and trading, according to CNBC. Industry insiders have called the comments “progressive” and are…