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. […]
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 […]
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, […]
Signing up for an exchange to purchase bitcoin can be difficult and time-consuming. This could prevent new users from purchasing bitcoin. According to a press release, Coinfloor attempted to solve this problem by creating an app. It can be very frustrating when you have to provide your personal documents and photos to prove your identity in […]
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% […]
