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SynBiotic SE, a German cannabis company, has announced that it is following the lead of companies like MicroStrategy and Tesla in shifting part of its liquid cash holdings into Bitcoin (BTC).In a Feb. 16 update on its website, the company stated that the move was spurred by “legitimate concern about
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The second full business week of January has demonstrated many trends that NLW argues will shape bitcoin and crypto throughout the year.This episode is sponsored by Nexo.io.On “The Breakdown’s” Weekly Recap, NLW argues that this week is exemplary of a set of trends that will define 2021, including:Image credit: glorcza/Getty
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Bitcoin (BTC) resurgence is continuing to sap capital from the altcoin markets as other cryptocurrencies are struggling to catch up to BTC.DeFi struggles as Bitcoin shinesThe DeFi Composite Index, first launched by Binance Futures in late August, is seeing its second month of strain, trading down from its all-time highs
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The Dow Jones lost over 700 points on Monday.Stock market concerns about major fiscal stimulus delays surfaced as Donald Trump eats into Joe Biden’s election lead.Surging cases of COVID-19 around the world are adding to this worry.The Dow Jones plummeted nearly 800 points on Monday, as Donald Trump’s improved poll
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The Dow Jones dropped 80 points Friday.Stimulus talks are deadlocked as surging U.S. coronavirus cases threaten the recovery.Intel stock’s losses were a major drag on the Dow.The Dow Jones slipped on Friday, as Intel’s crash weighed on the index. Deadlocked stimulus negotiations and surging coronavirus cases were additional concerns for
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Tesla registered its worst single-day drop in history wiping out over $88 billion from its market cap. The S&P 500 Index Committee skipped TSLA stock in its inclusion to the index that led to negative market sentiment.Electric car maker and automobile giant Tesla Inc (NASDAQ: TSLA) witnessed a massive rally
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Another week, another attempt to break higher meets resistance.Bitcoin (BTC) entered the week surging past $12,000 only to retrace below that key level as altcoins continue to rise and fall.At the same time, it appears Ethereum’s well-documented problems have caught up to it faster than the blockchain can confirm transactions
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After weeks of consolidation, Bitcoin decisively broke below $9,000 just minutes ago. The cryptocurrency dipped as low as $8,840 on leading spot exchanges and slightly lower on margin-enabled exchanges like BitMEX.BTC price chart of the drop from TradingView.comThis move caught many traders off guard, according to derivatives data.Skew.com reported that
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Bitcoin’s block reward halving may be just hours away, two hours away by most estimates, but that hasn’t stopped the price from dumping.The cryptocurrency just slid as low as $8,380 just minutes ago, visiting the levels it was trading at just 24 hours ago.This came after Bitcoin rallied as high
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HomeNewsBitcoin NewsBitcoin Slumps as Crude Oil Crashes Over the years, it became accepted wisdom that Bitcoin was a store of value, and that it could work as a hedge against market fluctuations. However, this has not turned out to be the case during the course of the current prolonged market turmoil.
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