Tesla announced on Monday it had purchased $1.5bn worth of Bitcoin, which boosted the entire cryptocurrency sector. However, some criticized the move due to the added financial risk this imposed on the automaker. Today the BBC joined in with the criticism by saying this undermines Tesla’s environmental credentials. “Critics say electric-car firm Tesla’s decision to…
Mastercard, the leading credit card conglomerate, will allow its users to utilize some cryptocurrencies on its payment network, becoming the latest to adopt crypto. The price of Bitcoin moved rapidly after the Mastercard and BNY Mellon news broke, refueling momentum in the market. Raj Dhamodharan, executive vice president of digital asset and blockchain products and…
Bitcoin price started a fresh upward move from the $44,000 zone against the US Dollar. BTC traded to a new all-time high near $48,680 and it is likely to continue higher towards $50,000. Bitcoin is showing a lot of positive signs above the $46,000 and $47,500 resistance levels. The price is trading above the $48,000…
Bitcoin today blasted through local resistance and set an all-time high price record. The powerful move came after a short-lived drop downward yesterday, providing enough short-sellers to pose as fuel to push prices higher. What also contributed to the “rocket fuel” was a sudden increase of stablecoins, which whales are finally taking full advantage of…
The price of Bitcoin has rallied to a new all-time high above $48,500 merely hours after it saw a large dip to around $43,800. Bitcoin rose by 11.2% in the last 21 hours, posting a strong V-shape recovery in a short period. Bitcoin price chart. Source: BTCUSD on TradingView.com What’s fueling the Bitcoin rally? There…
Bitcoin edged higher on Thursday after traders realized MasterCard’s plans to integrate cryptocurrencies into its traditional payment services later this year. The credit card giant’s revelation came days after Tesla, a Fortune 500 carmaker, showed a $1.5 billion worth of Bitcoin in its balance sheets this Monday, further asserting that it would start accepting payments…
Bitcoin plunged by more than $3,000 after establishing a record high on Tuesday, stoking concerns about an extended price decline on growing profit-taking sentiment. Nevertheless, the flagship cryptocurrency discovered a substantial interim support range above $44,000. The BTC/USD exchange rate inched back above $45,000 in the early Asian trading session Tuesday, reiterating hopes that the…
Bitcoin price started a downside correction below $46,000 against the US Dollar. BTC is now consolidating above the $43,800 support and the 100 hourly SMA. Bitcoin failed to stay above the $47,000 level and corrected below $46,000. The price is holding the $44,000 level and the 100 hourly simple moving average. There was a break…
The latest Bitcoin uptrend is its most powerful yet, and while momentum has clearly been up for some time, an ominous sell signal has appeared. And while the cryptocurrency has shown little signs of slowdown, the top-sniping signal that perfectly called the 2019 peak is back again. Will this sequence-based signal result in near flawless…
Twitter may be pursuing adding Bitcoin to its balance sheet, to follow Square, which is also run by Jack Dorsey. The firm’s chief financial officer Ned Segal indicated in an interview with CNBC that the firm is considering BTC as an asset that it can add to its balance sheet. This discussion comes after Tesla…