Day: February 22, 2021

Up to 5% of public companies will follow Tesla’s Bitcoin buy, says Wedbush analyst

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Tesla’s strategic embrace of Bitcoin (BTC) will have a dramatic impact on corporate adoption of the digital asset, according to Dan Ives of Wedbush Securities.  In a Monday interview with CNBC, Ives said Tesla’s exposure to Bitcoin is “not just a fad,” but part of a long-term strategy that’s driven by an investment thesis and business thesis. “I think Tesla is going to double down on its Bitcoin investment,” he said. “No doubt this is something @elonmusk and @Tesla they’re going to dive into the deep end of the pool…

Bitcoin Tweet Volume Spikes, Exchanges and On-Chain Data Analytics Platforms Gain More Followers

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More people are posting tweets about “Bitcoin,” The Block Research data on Feb 21 shows. Bitcoin Tweet Volume spikes in February By mid-February 2021, there were 675k Bitcoin tweets, a 17.13 percent increment from a week before when the figure stood at 576k. Simultaneously, there are even more people following the Twitter accounts of leading cryptocurrency exchanges like Coinbase and Binance. Even more now follow the accounts of on-chain data analytic platforms like The Block, Santiment, or CoinMetrics. On-Chain Analytic Platforms and Exchanges Have More Twitter Followers Although the number…

Why Ethereum Crashed! IMPORTANT!

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io In Today’s video we talk about the Bitcoin and Ethereum dip ETH and BTC are looking super bearish after a major correction/drop in the market! This video I go over the news and why the huge cryptocurrency crash happened! JOIN OUR DISCORD – Make sure to subscribe to get up to date information on cryptocurrency! You can get your crypto news, price predictions, wallet and exchange reviews as well as some tutorials. Thanks for watching! Follow me: Main Channel: New Twitter: Instagram:…

Ethereum (ETH/USD) Falls 26% From Historic High; What’s Next?

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Ethereum fell Monday in sync with the cryptocurrency market’s other top assets, including Bitcoin, Binance Coin, Polkadot, and Cardano. The second-largest cryptocurrency touched a record high of $2,041 during the weekend session that prompted daytraders to secure their profits. That led to a considerably larger sell-off throughout the weekend and Monday session, taking the ETH/USD exchange rate lower by as much as 26.11 percent to $1,508. Ethereum slips amid broader crypto market sell-off. Source: ETHUSD on TradingView.com Ethereum slips amid broader crypto market sell-off. Source: ETHUSD on TradingView.com Elsewhere in…

Bitcoin prints biggest hourly candle in history after BTC rebounds strongly to $54K

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Bitcoin (BTC) fell below $50,000 on Feb. 22 as a correction gathered pace at Wall Street’s opening to deliver 20% daily losses prior to a strong response from the bulls.  BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview Bitcoin loses $6,000 in minutes Data from Cointelegraph Markets and TradingView shows BTC/USD falling heavily during Monday trading, hitting lows of $47,400. After reversing at all-time highs of $58,312 on Sunday, Bitcoin fell almost $7,000 in under an hour, sparking intense volatility, which continued at the time of writing. “Almost a $7,000 hourly candle.…

Bitcoin Slides Over 13%, Veteran Trader Peter Brandt Suggests BTC Will Peak at $200k but Hints of Possible Deep Corrections – Markets and Prices Bitcoin News

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Veteran trader Peter Brandt has implied in a tweet that bitcoin will go through deep price corrections before it gets to the $200,000 mark. Brandt points to the 2015-17 bull run when bitcoin went through similar corrections about nine times as the precedent the crypto asset might follow. More Corrections Expected Consequently, Brandt is asking his Twitter followers to predict the number of similar 30% price corrections that they expect to see before BTC ultimately gets to the $200,000. Already, as Brandt explains in the tweet, the crypto asset has…

What is Cryptocurrency? A Simple Explanation / Ask The Money Nerds

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Do you have a financial question you’d like one of our Financial Nerds to answer? Submit your questions at and watch for our response on an upcoming episode! In this episode of Ask the Money Nerds, Garrett, Amanda and a special guest to explore the world of cryptocurrencies. The idea of using cryptocurrencies and Bitcoin in our daily lives is starting to become more commonly discussed across the globe.  How does Bitcoin differ from other cryptocurrencies? Should you look at a “stable”…

How decentralized companies can dominate Web3

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Decentralized autonomous organizations — known as a DAO for short — have become a mainstay of the crypto world. The rationale behind DAO is to enable companies and organizations to fully function without the need for a hierarchical management structure. As this Cointelegraph guide explained, it’s like a vending machine delivering a snack in exchange for a bundle of coins — and then automatically using those funds to reorder stock. There’s no need for human involvement in keeping the machine running, as all of the processes it needs to function are…

Bitcoin price crashes below $48K, but is the bull market in danger?

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Bitcoin’s (BTC) price has been grinding up nicely over the past few weeks, but the past 24 hours have seen a significant correction. BTC price dropped by over $10,000 from $58,000 to under $48,000, a correction of almost 20%. This pullback — which many anticipated as 28,000 BTC was deposited to Gemini — also caused other cryptocurrencies to fall alongside Bitcoin, resulting in Bitcoin’s market dominance rising as a result. But will history repeat and produce a dull, corrective March? Let’s analyze the charts.  Bearish divergence implying further downside to come BTC/USDT…

Tencent and Ant Group Join Digital Yuan Test as Central Bank Seeks to Expand Its Influence

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Participation in the digital yuan test will provide MyBank and WeBank with new opportunities. Tencent’s WeBank and Ant Group’s MyBank have reached a deal with Chinese regulators to pilot test the China digital yuan. The two join a list of six state-owned banks already enrolled to test the CBDC. China keeps pushing to launch its CBDC “central bank digital currency.” In the latest development, the government has reportedly partnered with two private banks to pilot test the digital Yuan. China wants to spearhead the shift from fiat to digital currency.…