The cryptocurrency Bitcoin, which has been growing rapidly in recent years, has significantly dropped in price in recent hours. According to the source, over the past day, the cost of a Bitcoin unit from $ 56,668 at some point dropped to $ 47,780. Although at the time of this writing, there has been a recovery […]
Tag: Bitcoin
Bitcoin collapses below $ 50,000 as Musk effect exacerbates profit-taking
The Bitcoin (BTC/USD) has been falling since Elon Musk tweeted that his value “seems high” during the weekend. After surpassing $ 58,000 and a valuation of more than $ 1 trillion, the granddaddy of cryptocurrencies has collapsed more than $ 10,000. BTC / USD has fallen below the 50-period simple moving average on the 4-hour […]
There are 1 million bitcoin manners in the world
With the current value of Bitcoin and other cryptocurrencies, mining is becoming extremely profitable and the number of cryptocurrency miners is growing rapidly. So, according to CoinDesk, which the source refers to, there are about 1 million active Bitcoin miners in the world, and in just one month – January 2021 – the income from […]
Bitcoin and Ethereum prices “seem high” to Elon Musk
Billionaire Elon Musk said today that prices for Bitcoin and Ethereum seem high to him. Not long before this, these cryptocurrencies reached record highs in value, and the market capitalization of Bitcoin exceeded $ 1 trillion. The Tesla CEO, whose recent Twitter behavior has contributed to the rise in the value of digital currencies, responded […]
Bitcoin mining takes more energy than electricity supply to the Netherlands
The compilers of the Cambridge Bitcoin Electricity Consumption Index have presented a new version of it, which, like a mirror, reflects the increased interest of users in mining cryptocurrency. It is said that about 116 TWh of electricity per year are currently consumed for these purposes. For comparison, the energy supply of New Zealand takes […]
King Dollar awaits more US data, Fed bullish, cryptocurrencies surge to new highs
This is what you need to know to trade today Thursday, February 18: The US dollar has taken a breather after rising in response to strong US retail sales on Wednesday, with initial jobless claims now in the spotlight as President Biden continues to push for stimulus. Fed minutes have shown optimism about growth and […]
MicroStrategy borrows not $ 600 million to buy Bitcoin, but much more
Preliminary information appeared yesterday that MicroStrategy, the “major corporate sponsor” of the Bitcoin cryptocurrency, is going to borrow $ 600 million to buy it. However, in reality, the amount was even greater. The company today announced a $ 900 million convertible bond issue. The proceeds from the sale of these convertible bonds will indeed go […]
Musk’s actions were seen as an attempt to manipulate the market
Nouriel Roubini, an American economist and professor of economics at New York University, called Elon Muck’s recent actions “market manipulation.” One of the most respected experts in the world on global finance, for his pessimistic views earned the nickname Dr. Doom believes that the behavior of the head of Tesla should be investigated by the […]
Dollar Strengthens, Gold Melts, and Bitcoin Clings to $ 50,000 Ahead of US Retail Sales and Fed Minutes
This is what you need to know to trade today Wednesday, February 17: US bond yields continue to rise and the dollar is finally responding with a rise. Stock markets are mostly ignoring “reflation trading,” but gold is on the defensive. Bitcoin remains above $ 50,000 and oil continues to rise amid power outages in […]
Forex Today – Asian Session: Treasury Yields Boosted the Dollar
What you need to know on Friday, February 17: The dollar started the day on the wrong foot, falling against most major rivals, but changed course with the opening of Wall Street as US Treasury yields soared to new one-year highs. The 10-year yield was 1,292%, while the 30-year yield stood at 2,095%. Stocks, on […]
