Bitcoin is currently undergoing a serious correction that has caused its price to see some significant losses throughout the past few days The cryptocurrency is now hovering just a hair above $30,000, with bulls struggling to support it above this level as bears take control Where it trends in the mid-term will undoubtedly depend largely on whether or not $30,000 […]
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Bitcoin hasn’t behaved properly over the last years, says a team of strategists at JPMorgan Chase. Citing this reason, the team opines that Bitcoin is, in fact, more of a risk asset as opposed to the popular belief that it’s a totally safe bet for investors. The strategists note that Bitcoin’s price has greatly correlated with the dynamics of the […]
Read moreShares of Tesla Motors Inc. (TSLA) slipped 5% in extended trading session on Wednesday after the luxury electric car maker reported a profit for the fourth quarter that fell short of Wall Street analysts’ estimates. Palo Alto, California-based Tesla reported fourth-quarter profit of $270 million or $0.24 per share, compared to last year’s profit of $105 million or $0.11 per […]
Read moreQuick take: Bitcoin has just dipped to the $29,200 price area forming what looks like a doubled bottom Bitcoin has since regained $30k and is battling to maintain the $30,700 support area 120k Bitcoin options expire this Friday and could provide additional selling pressure However, on-chain metrics for active Bitcoin addresses hint of bullishness The King of Crypto has just […]
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GME has opened at $300, a doubling over yesterday when it doubled from $70 to $150. The meme stock has gained the attention of even Elon Musk who tweeted: Gamestonk!!! That was enough to send it rallying in after hours trading, but now that markets have opened, it seems to be falling. GME is down to $250 at the time […]
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Bitcoin has fallen below $30,000, dropping another circa 10% since yesterday on what appears to be falling volumes as pictured above. The currency is currently at its big support level with it to be seen whether it can maintain it. Ethereum seems to be holding out a lot better. Defi bullishness is keeping it from following bitcoin too closely. Eth […]
Read moreAmerican Cancer Society (ACS) has partnered crypto-donations company The Giving Block to launch a new Cancer Crypto Fund, which is the first-ever cancer fund exclusively funded by cryptocurrency donations to be used to fight cancer. The Giving Block makes it easy for nonprofits to accept cryptocurrency donations and for users to donate in a more tax efficient way and converts […]
Read moreShares of Twitter, Inc. (TWTR) are climbing more than 5% Tuesday morning after the social media company said it acquired newsletter publishing company Revue. The Dutch startup Revue allows writers to publish and monetize their editorial newsletters. Twitter is lowering Revue’s paid newsletter fee to 5% and also making Pro features free for all accounts. Revue’s service will continue as […]
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This Friday, January 29th, is a pretty big day for bitcoin as numerous derivatives are set to expire. First there’s the “monster expiry” of 100,000 bitcoin options contracts worth more than $3 billion. That’s the biggest ever, with it to be seen what effect it will have on bitcoin’s price. By comparison, on the Friday of last month, bitcoin’s price […]
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