Category: Bitcoin News

Allianz Chief Economic Advisor Says Elon Musk has a Huge Influence on Bitcoin Adoption

Mohamed A. El-Erian, the chief economic advisor for Allianz, an asset management and insurance firm recently appeared on CNBC’s Squawk Box, where he talked about Fed’s recent meeting, Bitcoin and Elon Musk. The chief economic advisor said Bitcoin is currently in a tug-of-war between regulation and adoption. He said Elon Musk, the Tesla CEO has […]

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Elon Musk Mocks ‘Anonymous,’ Days After the Hacker Group’s Call Out

Elon Musk, the Tesla CEO has responded to the video which was made to look like it was from the famous hacker group ‘Anonymous,’ with a meme. The meme mocked the group’s threat to the billionaire in the most Elon Musk way. !! pic.twitter.com/3H9gMEmSLF — Elon Musk (@elonmusk) June 14, 2021 The Anonymous Hacker Group […]

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Canada’s Purpose Bitcoin ETF Continue Systematic Accumulation Over Last Month’s Price Decline

The Bitcoin (BTC) price is up 12% today aiming to surge past $40,000 levels after Elon Musk tweets that Tesla will once again resume Bitcoin transactions once 50% of the mining industry turns to renewables. However, Bitcoin has continued to remain on a serious decline and trading sideways over the last month. But this hasn’t […]

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Bitcoin (BTC) Jumps 12% Today But Crowd Sentiment for Altcoins Turn Negative. End of Bull Run?

The overall cryptocurrency market is up 8% as of writing this story with Bitcoin (BTC) shooting 12% taking its overall market dominance above 45%. The Bitcoin price has shot up post-Elon Musk stating that Tesla will once again accept Bitcoin (BTC) payments once 50% of BTC mining turns on renewables. Late Sunday evening, June 13, […]

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Bitcoin Price Forecast: BTC bulls’ bid for $40,000 delayed at $39,000 key technical level

Bitcoin has gradually but consistently lifted from $31,000 to levels near $40,000. However, the flagship cryptocurrency has not entirely broken above the resistance at $40,000, especially with immense resistance presented by the 200 Simple Moving Average (SMA) on the four-hour chart. At the time of writing, BTC trades at $38,800 following a minor rejection from […]

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Max Keiser Suggests El Salvador to Float Bitcoin ‘Volcano Bonds’ to Retire the IMF Loans

Last week, El Salvador passed the historic Bitcoin law making it the first country to make Bitcoin a legal tender. Soon as the Bitcoin law comes into action in the next 90 days, merchants will start accepting it against their goods and services. However, the International Monetary Fund (IMF) raised objections citing legal and economic […]

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Week in Crypto: El Salvador Adopts Bitcoin as a Legal Tender| China Extends Crypto Mining Restrictions| Coinbase Enters $22 Trillion Pension Market| Bitcoin Taproot Upgrade Locked-In

The week has been quite eventful for the crypto space with major news coming from all around the world. The biggest story of the week comes from a small country in Central America, El Salvador. El Salvador adopts BTC as legal tender: El Salvador becomes the first country in the world to adopt Bitcoin as a […]

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Crypto Market Cap Falls Below $1.5 Trillion on a Red Weekend

The cryptocurrency market cap fell below $1.5 trillion on a red weekend. More than $100 billion was wiped off the marker as it retraced by 5%. Bitcoin and other altcoins registered a 5%-10% decline as major market indicators flashed bearish signals. Source: coin360 Bitcoin price is currently trading at $35,668 falling from a daily high […]

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Taproot Lock-In For Bitcoin is Just 14 Blocks Away, Why it’s Significant for BTC Network?

Taproot upgrade for Bitcoin is all set to get locked in and at the time of writing more than 99% of Bitcoin blocks were signaling for the upgrade with only 14 blocks to go. Source: Taproot.watch Chances are by the time you read this article it is already locked in. Github defines Taproot upgrade as […]

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Top Market Indicators Suggest Crypto Market is in ‘Cool-Off Phase

The cryptocurrency market saw its market cap get reduced by 4.5% over the past 24 hours, wiping nearly $100 billion off the market. The growing bearish sentiment has been prevalent since last month when the crypto market experienced its largest correction this year. Analysts suggest the market is slowing down and in a cool-off phase […]

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