Bitcoin bounces as Elon adds to El Salvador optimism

While altcoins bleed, Bitcoin moves in on $40K Bitcoin is bouncing back. The crypto king has reclaimed its throne, and is closing in on $40K as the altcoin market stagnates. El Salvador’s approval of Bitcoin as legal tender on Thursday could be credited with the turnaround, boosting market sentiment and sparking a wave of interest from politicians acrossContinue reading “Bitcoin bounces as Elon adds to El Salvador optimism”

How higher inflation relates to diversification

The importance of diversifying your portfolio cannot be emphasised enough. Diversification is a risk management strategy in which you invest in a variety of different financial assets, and which, in the event of significant market volatility, may reduce your chances of incurring major losses. The importance of diversification can be illustrated in the high inflation period happeningContinue reading “How higher inflation relates to diversification”

Crypto market drifts sideways on announcement at Bitcoin Miami 2021

Will Bitcoin become legal tender in El Salvador? Bitcoin has drifted sideways this week; caught between waves of volatility as bad news from China and tweets from Elon Musk rock the market back and forth. Prices approached $40K on Friday, before Musk tweeted a broken heart emoji with the Bitcoin logo, triggering a 7% drop. FearsContinue reading “Crypto market drifts sideways on announcement at Bitcoin Miami 2021”

Crypto market finds footing on institutional support

Bitcoin falls another 10% as DeFi coins show resilience Bitcoin is searching for firm footing around $35K after another week of volatility has washed over the market. The leading cryptoasset hit lows above $33K on Sunday before bouncing, with bullish momentum supported by some of the loudest voices in institutional investing. Ray Dalio admitted to owning Bitcoin at ConsensusContinue reading “Crypto market finds footing on institutional support”

Bitcoin falls to $35K on warning of China crackdown

Altcoins suffer double-digit losses in marketwide meltdown Anxiety has washed over the crypto market, with cascades of selling push prices down to the same levels as before Tesla announced its Bitcoin treasury allocation. Tweets from Tesla CEO Elon Musk have been widely blamed for giving the market jitters, which turned to full-blown fear as China called for a crackdown on Bitcoin mining andContinue reading “Bitcoin falls to $35K on warning of China crackdown”

Elon Musk shakes crypto market with carbon footprint concerns

Bitcoin sinks to three-month low as Cardano hits all-time highs Fear is gripping the crypto market after comments from Tesla billionaire Elon Musk sparked a 20% sell-off for Bitcoin. Prices fell to a low of $42K on Monday as the billionaire voiced concerns about the environmental impact of Bitcoin mining, before hinting at a sale ofContinue reading “Elon Musk shakes crypto market with carbon footprint concerns”

Smart contact platforms soar as Ethereum eclipses $4K

EOS adds 50% while Ethereum Classic triples in value Ethereum and Litecoin have led the market higher this week, with prices roaring past $4K and $400 respectively. As in previous weeks, altcoins have captured the most aggressive gains: Dogecoin finished the week up 20% after Elon Musk appeared on Saturday Night Live. Ethereum Classic tripled in value amidst a market-wide surge inContinue reading “Smart contact platforms soar as Ethereum eclipses $4K”

Altcoins explode as Ethereum smashes $3K

Bitcoin slows as Ethereum hits record highs beyond $3K As the crypto market races back towards all-time highs, Ethereum is shooting ahead. The second-largest crypto has gained over 20% to top $3K for the first time. Close behind, the altcoin market has been supercharged by Ethereum’s strength. Chainlink, XRP, and BNB are surging with double-digit weekly gains, and Uniswap has jumped 17% aheadContinue reading “Altcoins explode as Ethereum smashes $3K”

Introducing: The BitcoinWorldWide Portfolio

Bitcoin has been in the financial spotlight for quite a few years, and with its recently reached all-time highs, it is more hyped up than ever. And yet, the most significant change surrounding the world’s largest crypto recently is not about its price — it’s about the companies that are creating the value chain surrounding theContinue reading “Introducing: The BitcoinWorldWide Portfolio”

Bitcoin reclaims $52K after clawing back losses

Tax fears trigger correction for crypto market The crypto rollercoaster has taken another sharp turn, with Ethereum hitting all-time highs last Thursday just before Biden’s plans to hike capital gains tax triggered a sell-off across global markets. Bitcoin plunged below $50K on the news, falling for five consecutive days before bouncing to $52K. Ethereum, on the other hand, managed toContinue reading “Bitcoin reclaims $52K after clawing back losses”

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