Bitcoin trades at $40,000 for the first time in over a month
The price of bitcoin surpassed $40,000 on Monday, marking the first time the market has done so since mid-June. At the time of writing, the cryptocurrency was trading at $40,085 on Coinbase, up more than 17% in the last 24 hours. Bitcoin’s price last rose above $40,000 on June 16, as shown in the graph […]
Grayscale Bitcoin Trust can put further downward pressure on Bitcoin Price – JP Morgan Analyst
According to JP Morgan analysts, the expiration of the GBTC shares lockup period may prompt institutional investors to sell them soon, resulting in a further drop in the Bitcoin price. By the end of June, the six-month lock-up period for Grayscale Bitcoin Trust (GBTC) shares will have expired. According to JP Morgan analysts, this might […]
MicroStrategy expands its Treasury with Bitcoin worth $489M
MicroStrategy has added $489 million worth of Bitcoin to its treasury, now holding twice the value of Bitcoin as Elon Musk . Despite the current struggling price of the largest cryptocurrency by market capitalization, MicroStrategy has purchased more Bitcoin (BTC). According to Monday’s announcement, the business intelligence company purchased 13,005 BTC at an average price […]
PlanB Expects Bitcoin Price to Hit $450K or $135K in 2021
The way for Bitcoin price might be up or down, although, analyst PlanB sees a very high uptrend for the currency. By the end of this 2021, the transaction price of Bitcoin (BTC) may be worth a woooping sum of USD 450,000, and USD 135,000 will be the “worst case scenario”. This is according to […]
Tesla To start accepting Bitcoin payments
The accusation levelled on Musk in a Cointelegraph tweet about Sygnia CEO Magda Wierzycka over his alleged Bitcoin price manipulation has prompted his response to Tesla’s acceptance of Bitcoin. The CEO of Tesla, Elon Musk says his electric-vehicle company will start accepting Bitcoin (BTC) as a means of payment provided there is an assurance that […]