Bitcoin

Crypto-Bear-Market
Crypto Bear Market: Analyst Warns Against Panic-Selling Amid FUD

Amid increasing sentiments that the cryptocurrency market has already arrived at the 2021 bear market, market analyst and investor Lark Davis has warned crypto traders and investors against panic-selling amid growing fear, uncertainty, and distrust (FUD). In a Twitter post, Davis tried to project a 2025 market scenario wherein Bitcoin experienced a massive correction due to China ban. While Davis is far from making any predictions in a Nostradamus fashion, he merely pointed out that the FUD caused by China’s recent ban was a mere repeat in 2013. Specifically, China’s central bank prohibited financial institutions from handling Bitcoin transactions. This

2 mins read
MicroStrategy-Buys-More-Bitcoin
MicroStrategy Buys More Bitcoin Amid Crypto Dip

MicroStrategy has purchased 229 additional bitcoins for about $43,663 each. The firm now holds and manages 92,079 bitcoins. Bitcoin and major altcoins took a massive dip after Tesla CEO Elon Musk halted bitcoin payments for car purchases. Amid massive outrage in the crypto community in relation to Bitcoin’s recent falloff from the $50,000 mark, enterprise analytics firm MicroStrategy has purchased additional bitcoins. The firm bought an additional 229 bitcoins at an average price of $43,663 per BTC. According to a tweet by CEO Michael Saylor, they bought the bitcoins in cash at a total of $10 million. Currently, the firm

1 min read
Crypto-Payments
Crypto Payments Now Accepted in Williston, North Dakota

Williston in North Dakota is now accepting cryptocurrency for utility bills payment Payment options such as Google Pay, Apple Pay, and pay-by-text will also be available in Williston come June 2021 Williston, a North Dakota city, is now accepting cryptocurrency for utility bills payment. Specifically, the city has partnered with BitPay, one of the largest payment merchants in the world, to make this event possible. Indeed, this brings joy to the crypto community in the city of Williston. Hercules Cummings, Finance Director of Williston, explained: We have partnered with BitPay, the largest virtual payment merchant whose partners include Microsoft and

2 mins read
Bitcoin-Dominance-Falls-Further.
Bitcoin Dominance Falls Further as BTC Price Struggles at $50K

Bitcoin dominance falls to 39.1%, while BTC price struggles to hold its $50K position. The downtrend was due to Elon Musk’s tweet about Bitcoin mining. Other altcoins such as Ethereum, Dogecoin, and Cardano have made impressive comebacks. Bitcoin dominance continues its decline amid recent jabs that it received in the past days. Recently, Tesla CEO Elon Musk issued a tweet that brought the chief cryptocurrency to its heels. He replied to his tweet, saying that the energy usage trend during the past months is “insane”. As evident in the Bitcoin community, many were outraged by Elon’s tweets, especially since it

2 mins read
Caribbean-Island
This Small Caribbean Island Is Fully Enabling Bitcoin Adoption

The One Bequia project will construct a community that will fully enable bitcoin payments. Bequia is a Caribbean island belonging to the St. Vincent and the Grenadines. Bequia, a small island in the Caribbean archipelago of the St. Vincent and the Grenadines, has recently caught the attention of the crypto space, for a good reason. According to various news, it will become the world’s very first fully Bitcoin-enabled community. Specifically, the One Bequia project is developing a community that fully enables bitcoin payments for all purchases and services. The development will construct 39 luxury villas which can be bought through

1 min read
MicroStrategy-to-Buy-More-Bitcoins
MicroStrategy to Buy More Bitcoins After Q1 2021 Revenue

MicroStrategy announced that it will buy more bitcoins after an impressive Q1 2021 results. The firm revealed a gross profit increase of $100.4 million during the said time period. At the time of writing, BTC price is at $57,860.41. Cryptocurrency investment firm MicroStrategy announced its plan to buy more bitcoins after an impressive revenue in the first quarter of 2021. According to the press release, the firm raised more than $122.9 million, which is a 10.3% increase compared to the same quarter of last year. CEO Michael Saylor said that they have successfully raised an additional capital of over $1

1 min read
Bitcoin-Price.
Bitcoin Price Surges, Analyst Predicts 6-Digit BTC Price

Bitcoin is now back as it rallies its price to over $58K. Crypto analysts and crypto experts react over the price surge of Bitcoin. Bitcoin is now back on its feet as it continues to climb back to its uptrend position from its bearish dip in the past week. Today Bitcoin trades a decent price of over $56k with a 7-day growth rate of +7%. For this reason, crypto analysts and crypto experts cannot help forecasting the future of Bitcoin in the days to come. This made crypto enthusiast Lark Davis react: Indeed, this tweet made by Lark Davis about

2 mins read
Breast Cancer Firm Accepts BTC, SHIBA and DOGE, Joins the Giving Block
Bitcoin’s Rise Brings Hope to Altcoins as It Nearly Overtakes Silver

Bitcoin successfully breaks out to the bullish price of $53K. Bitcoin is just an inch away from overtaking silver’s market capitalization. Bitcoin, the king of cryptocurrencies, is now on the rise as it successfully returns to the bullish price of $53K. This current market position of Bitcoin made the crypto record a whopping 24-hour growth rate of +7.6%. As a result, most of the people in the crypto community are now rejoicing as the chief cryptocurrency is back on its feet once again. The rise of Bitcoin does not only bring joy to the investors around the world but is

2 mins read
Bitcoin-back-on-track
Did the Market Buy the Dip? Bitcoin Price Back on Track

Bitcoin price is now back on track after two recent selloffs. Current bitcoin price is $53,673.91 According to Twitter user Binancian, price corrections are important in the crypto market. Bitcoin price appears to be back on track after a bloody week. In fact, a multitude of traders and investors bought bitcoins, helping the crypto find its way back to the bull market. Currently, BTC is back in the ballpark, possibly targeting the $54,000 to $55,500 range. Bitcoin Technical Analysis In the 30-minute chart above, we can observe that BTC has surged from a scary $47,000 price to $52,000 in just

2 mins read
Square, ARK Invest Believe Bitcoin Is Renewable Energy Driver

Square and ARK Invest believe that bitcoin mining can drive renewable energy’s future. If renewable energy managers build infrastructure around bitcoin mining, they can earn while producing sufficient clean power. Currently, Bitcoin network awards 6.25 bitcoins for every block mined. Jack Dorsey’s payment firm Square and and asset manager ARK Invest have recently made a case for Bitcoin, arguing that contrary to assumptions, it can actually drive the future of renewable energy. The collaborators’ inputs and research were compiled in a whitepaper entitled “Bitcoin is Key to an Abundant, Clean Energy Future”. The four-page document discusses the opportunities renewable energy

1 min read
bitcoin-bear
Bitcoin Struggles With the Bears, Trades Below $60k

Bitcoin Struggles Below $60k. Ethereum manages to have a 24-hour growth rate of almost +14%. Bitcoin (BTC), the king of cryptocurrencies, continues to crash its market position below $60k. As a result, the coin suffered from a decline rate of almost 14% in the past 14 days. Obviously, this decline in the performance of Bitcoin gives chills to all the people who invested a lot in the crypto. Today, Bitcoin trades a decent price of over $54k with a 24-hour trading volume of almost $65 billion. Notwithstanding, this is a strong trading volume despite its market crash position. Aside from

2 mins read
Bitcoin and Ethereum Smash New All-Time High at the Same Day
Bitcoin and Ethereum Smash New All-Time High at the Same Day

Bitcoin and Ethereum records new ATH on the same day. Ethereum broke $2300 while Bitcoin skyrocketed to over $64k. The crypto world continues to break its limits as Bitcoin and Ethereum hit their new all-time high (ATH) on the same day. In particular, Bitcoin recorded an ATH of over $64k while Ethereum skyrocketed its price to $2399. As a result, this remarkable event was celebrated by both investors and traders in the crypto space. In terms of market standing, both Bitcoin and Ethereum rank at the top among other cryptocurrencies in terms of market capitalization. Specifically, Bitcoin market capitalization amounts

1 min read