Inflation fears send Bitcoin below $32K

Crypto sinks with stocks on economic uncertainty Bitcoin’s summer slump continues, with prices falling below $32K as post-pandemic inflation fears wash over the cryptocurrency market. The U.S. Labor Department released data last week showing that U.S. consumer prices spiked beyond expectations in June. Major stock indices started falling shortly afterwards, and Bitcoin — already feeling jittery aboutContinue reading “Inflation fears send Bitcoin below $32K”

Volatility drops in directionless digital asset market

Will sideways trading give way to volatility as Grayscale shares unlock? A summer lull has descended on the digital asset market, as Bitcoin struggles to find clear direction amidst an ample supply of both bullish and bearish headlines. Visa said on Wednesday that more than $1 billion worth of crypto has been spent using their crypto cards in theContinue reading “Volatility drops in directionless digital asset market”

DeFi boosts market as Bitcoin taps on $35K

Compound jumps 40% while Aave and Uniswap enjoy 20% gains As Ethereum has pushed almost 10% higher this week, Bitcoin has drifted sideways on mixed headlines. The Chinese clampdown on mining continues to drive uncertainty in the market, along with the ramp up of regulatory discussion in the U.S. Yet this is matched by equal amounts of positive news, with Michael Saylor’s BitcoinContinue reading “DeFi boosts market as Bitcoin taps on $35K”

Bitcoin eyes $35K after volatile week

Headwinds from China collide with optimism in Latin America Bitcoin is bouncing towards $35K, after a storm of volatility sent the crypto asset down to its lowest point in nearly five months. While enforcement in China and a Bitcoin heist in South Africa have added to the uncertainty pushing prices lower, the market is being supported tailwinds from the West: ElContinue reading “Bitcoin eyes $35K after volatile week”

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”

Electric vehicle stocks: the competition is heating up

It is no secret that the electric vehicle (EV) industry has been booming in recent years. With climate change and sustainability becoming more of a focus, sales of EVs have soared. In 2020, global EV sales rose by 43%¹ to 3.2 million, despite the fact that overall car sales declined by 16% due to the coronavirusContinue reading “Electric vehicle stocks: the competition is heating up”

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”

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”

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