30
July
2021

Bitcoin traders express mixed emotions about what’s next for BTC price

An earlier rumor that Amazon would accept cryptocurrency payments spurred a wave of bullish enthusiasm in the crypto market, but this sentiment is now waning as Bitcoin ( BTC ) bulls face stiff resistance at $40,000 TradingView and Cointelegraph Markets Pro data show that bears have resisted multiple attempts to turn the $40,000 support level. […]

21
July
2021

Ark Adds Bitcoin Exposure Buying $8 Million Worth of Grayscale Shares

Ark Invest bought over 310,000 shares from the Grayscale Bitcoin Trust Monday to fund its ARK Next Generation Internet Exchange Fund (ARKW) at $25 per Share, according to published records by ARK Investment Management. The purchase of GBTC was nearly $8 million. Each share can be redeemed for 0.000939767 Bitcoin. Despite not being a major […]

15
July
2021

Tesla Correlation to Big Tech Breaks Down. Blame Bitcoin

Tesla Inc. shares are less closely correlated to those of large U.S. tech companies than they were before the earnings report. Bitcoin could be one reason. The 20-day correlation between Tesla stock price and Nasdaq 100 index fell from 0.83 on June 17, to 0.14 Wednesday. The relationship between Tesla’s stock and the NYSE FANG+ Index, […]

07
July
2021

The Bitcoin Price Has Suddenly Soared After Huge China Crackdown Earthquake

After losing ground for the past week , Bitcoin has suddenly risen in the wake of the largest ever so-called “difficultly adjustment” to its bitcoin network. After the two-weekly calibration of bitcoin networks, which saw computing requirements drop by 28%, bitcoin prices rose almost 5% This huge drop in bitcoin usage, which dwarfs the 18% […]