The current Bitcoin uptrend is undeniably strong, but according to a technical tool that directly measures the strength of an underlying trend, it now marks the second-most powerful in history. What’s potentially even more exciting for cryptocurrency investors, is that on higher timeframes, the same tool says the uptrend is only just getting warmed up. Trend Strength Tool Suggests Strongest […]

Quick take: News of Tesla adding Bitcoin to its balance sheet resulted in the biggest BTC daily candle to date The event caused a Bitcoin move of $7,580 in one day Bitcoin also posted an all-time high of $48,193 – Binance rate With the current market excitement, $50k is inevitable for Bitcoin February 8th, 2021, will go down in history […]

According to data by TradingView, at 06:59 UTC on Tuesday (February 9) — the day after Tesla announced it had invested $1.5 billion in Bitcoin — the Bitcoin price hit $48,200, which is a new all-time high (ATH). As you can see in the 24-hour price chart above, there was a huge spike in the Bitcoin price around 12:40 UTC […]

In a massive price rally, Aave (AAVE) has surged another 12% approaching $500 levels by hitting its new all-time high. At press time, AAVE is trading 12.3% up at $489 with a market cap of $6.06 billion. With this move, AAVE has become the world’s largest DeFi crypto token surpassing giants like UniSwap (UNI). Aave, the Ethereum-based peer-to-peer DeFi lending […]

Bitcoin exploded to a new record high on Monday after Tesla revealed that it had purchased around $1.5 billion worth of the cryptocurrency in January. The flagship cryptocurrency reached $44,900 ahead of the New York opening bell, pointing to extended gains as traders rejoiced the entry of the Wall Street’s fifth-largest firm into the cryptocurrency sector. Bitcoin bulls expect the […]

Bitcoin and the entire crypto market saw a wild day yesterday, with strong bids sending most major crypto asset’s flying higher Some of these gains were erased today, with bulls losing their edge over the market as bears try to regain control The recent downtrend has been accelerating rather quickly, but bulls do seem to be building some support in […]

According to Tesla’s latest annual report (on Form 10-K), which has been filed with the U.S. Securities and Exchange Commission (SEC), the electric car maker has already invested $1.5 billion in Bitcoin. The relevant section of the annual report reads: “We hold and may acquire digital assets that may be subject to volatile market prices, impairment and unique risks of […]