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 falls 15% on inflation bombshell

Crypto sinks with stocks as the Fed acknowledges inflation Bitcoin has fallen 15% over the last week as the market weighs the impact of big shifts in the crypto ecosystem and broader macro environment. On Wednesday, Fed chairman Jerome Powell acknowledged rising inflation, and responded by bringing forward the timing of the next interest rate hike toContinue reading “Bitcoin falls 15% on inflation bombshell”

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”

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”

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”

Bitcoin goes for gold as market cap tops $1 trillion

Ethereum reaches $2K and Binance Coin doubles in value In yet another historic week, Bitcoin has blown past the trillion dollar market cap milestone to hit highs of $58K as institutional money pours into the market. MicroStrategy is buying an additional $1 billion worth of Bitcoin, Motley Fool has scooped up $5 million, and even the world’s largest assetContinue reading “Bitcoin goes for gold as market cap tops $1 trillion”

Tesla’s $1.5 billion Bitcoin buy could forever change corporate finance

Corporate uptake hits inflection point as Tesla’s Elon Musk buys Bitcoin In a move that has electrified the crypto market, Tesla has added $1.5 billion worth of Bitcoin to its balance sheet, and expects to accept the cryptoasset as payment in the near future. The news is not only another milestone for Bitcoin, which soared 20% onContinue reading “Tesla’s $1.5 billion Bitcoin buy could forever change corporate finance”

Crypto Roundup, February 01, 2021: Crypto market swings wildly as more billionaires get behind Bitcoin

Ray Dalio, Elon Musk and Mark Cuban weigh in on growing market Bitcoin appeared to hitch a ride on Elon Musk’s rocket on Friday. The cryptoasset soared by 20% to hit $38K as the world’s richest man added #bitcoin to his Twitter Bio, and a record number of options contracts expired. However, despite the spike, soon enough the world’sContinue reading “Crypto Roundup, February 01, 2021: Crypto market swings wildly as more billionaires get behind Bitcoin”

Lawmakers reach $900bn stimulus deal as UK hit by new coronavirus strain

On Sunday evening, lawmakers reached a deal on a near $900bn stimulus package to help sustain the US economy as the pandemic continues to ravage the country. Recent economic data has highlighted an urgent need for stimulus, with weak retail sales figures and increasing jobless claim figures, demonstrating the fragility of the US economic recovery.Continue reading “Lawmakers reach $900bn stimulus deal as UK hit by new coronavirus strain”

Bitcoin is headed for the moon — how far will it go?

2020 saw Bitcoin jump 150%, more than any other asset class. Why did this happen, and what will Bitcoin do in 2021? Overall, 2020 was an interesting year for the markets, in which Bitcoin stood out. The decentralised cryptoasset jumped more than 150%, more than any stock market index or gold, and its rise hasContinue reading “Bitcoin is headed for the moon — how far will it go?”

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