MicroStrategy CEO Michael Thaler, a huge bitcoin bull, remains confident in bitcoin after the recent crash, comparing the recent cryptocurrency collapse to the early days of the oil and auto industries. Bitcoin prices have fallen more than 70% from an all-time high of nearly $69,000 in November, leaving MicroStrategy, which holds nearly 130,000 bitcoins, with …
Cryptocurrencies have been on a steep decline this year, with Bitcoin breaking through the $20,000 mark this week and Ethereum falling below $1,000. As Wall Street reported earlier, cryptocurrencies are now worth around $900 billion, down from $3 trillion in November. Mark Mobius, co-founder of Mobius Capital Partners and known as the "father of emerging …
Mobius: Bitcoin is a leading indicator of the bottom of the stock market Read More »
As the market turned invisible, bitcoin prices fell rapidly. The negative trend caused BTC's price to fall sharply. Despite speculation about its improvements, its direction is uncertain. As the situation has changed, the volatility has increased and the value of the global cryptocurrency market has changed capriciously. Bitcoin remains the main victim of this situation, …
The speed with which cryptocurrencies have collapsed has been alarming. Bitcoin, the world's largest cryptocurrency by market capitalization, is still bleeding after its price fell below $20,000 on Monday. In addition to Bitcoin, other cryptocurrencies were not spared, with Dogecoin, Cardano, Solana and Polkadot dropping between 12 and 14 percent, while Monero and Zcash fell …
Bitcoin falls below $18,000 in a row, and the big guys say it's a scam! Read More »
The word "metasomes" is most commonly associated with a series of sci-fi movies such as "The Matrix", "Avalanche" and "Ready Player One". In the movie "Ready Player One", people can enter a virtual world "oasis" through VR glasses. It's a world of bustling cities, glamorous players, and classic characters from video games. Clearly, this entertaining, …
How should banks cope with the arrival of the metasverse? Read More »
On June 20, bitcoin bounced back above $20,000 to trade at $20,522.23, up nearly 8% in 24 hours. Earlier, it fell below $18,000 and hit a low of $17,934.67 in 24 hours.
Tesla spent $1.5 billion on Bitcoin last year, but the price of the cryptocurrency collapsed and the company lost about $600 million, or $4 billion. Tesla currently holds 43,200 tokens, making it the second largest bitcoin holder, according to data that tracks Bitcoin Treasury bonds of companies that own bitcoin businesses around the world. Leading …
Bitcoin miners are scaling back production, as falling cryptocurrency prices and rising energy costs squeeze their profits and send their shares tumbling, the Financial Times reported On Monday. Bitcoin miners, which use powerful computers to create new bitcoin units and validate transactions on the blockchain, have been forced to change their strategy as the plunge …
As costs rise and currencies plummet, bitcoin miners are cutting production Read More »
Bitcoin has fallen nearly 30% in the past week. Some experts think it will go lower. As bearish sentiment pervades financial markets, experts are weighing whether bitcoin will fall below the $20,000 mark. What happens if it does break? The entire crypto market is currently in a bear market, with BTC trading at just over …
Bitcoin has fallen below $24,000 to its lowest level since the end of 2020. More than $200 billion was wiped from the entire cryptocurrency market on Monday morning. It is the latest in a series of price plunges for the cryptocurrency. The currency has lost more than 60 per cent of its value in the …