Cryptocurrency Analysis and News Portal
The announcement fueled a short rally in BTC price despite its losing strength against the USD. Accepting Bitcoin payment is a major step in getting it into the mainstream financial ecosystem.Bitcoin (BTC) which seemed under pressure earlier today has now reversed its trajectory northwards. Thanks to Elon Musk who once
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Summary:Bitcoin is now a payment option when buying a TeslaElon Musk has also clarified that the Bitcoin paid to Tesla will be retained as BTC and not converted to fiatTesla accepting Bitcoin is a giant leap forward for BTC and digital asset adoptionBitcoin is once again above $55k and the
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In brief:Bitcoin is getting harder to ignore as an investment optionBitcoin’s market cap is now greater than JPMorgan, Facebook, VISA and Tesla individuallyRich Dad, Poor Dad author continues to recommend Bitcoin as a hedge against possible global financial turmoilTyler Winklevoss has also reiterated that Bitcoin is the best hedge against
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Less than a month after US carmaker Tesla revealed its $1.5bn Bitcoin holdings, one of the company’s most vocal bullish investors announced that he had sold 1.8 million of its shares for clients. Ron Baron, the founder of Baron Capital, an investment management firm in New York, said his firm sold
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Coinbase’s institutional trading wing handled electric car-maker Tesla’s $1.5 billion bitcoin investment earlier this month, according to The Block.The report illustrates Coinbase’s growing role as corporate America marches deeper into crypto. Coinbase handled MicroStrategy’s early allocations; The Block reported it has five Fortune 500 firms as clients. CoinDesk could not
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In brief:Tesla has just announced that the company invested $1.5 Billion in BitcoinTesla also plans to start accepting Bitcoin as a form of payments for its productsElon Musk has destroyed the ‘career risk’ associated with buying BitcoinCEOs of other companies will soon follow in Elon’s footstepsMichael Saylor has congratulated Elon
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Quick take:News of Tesla adding Bitcoin to its balance sheet resulted in the biggest BTC daily candle to dateThe event caused a Bitcoin move of $7,580 in one dayBitcoin also posted an all-time high of $48,193 – Binance rateWith the current market excitement, $50k is inevitable for BitcoinFebruary 8th, 2021,
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In a sign of continued maturity as a macro asset, bitcoin now looks to be leading the price action in the foreign exchange markets (FX). “The dollar slid back to flat on the day on Monday after a surge in bitcoin to record highs foiled the U.S. currency’s attempt to rally
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Cryptocurrencies have made inroads into the business strategies of some of the leading companies in the world. The recent announcement by leading electric automobile manufacturer, Tesla regarding its acquisition of $1.5 billion worth Bitcoin and its plans to accept crypto payments is a glaring example of such a shift. As big
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Even though Tesla has made its way into the crypto market recently, it generated an immense amount of publicity surrounding the announcement. On Feb. 8, the car manufacturer caught the crypto world off-guard by committing a cool $1.5 billion into Bitcoin (BTC), as well as announcing that the company will
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