Day: April 5, 2022

Dogecoin Soared After Elon Musk Bought 9.2% Of Twitter, What’s Next?

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Dogecoin (DOGE) had a boost that took it to an almost two-month high after Elon Musk bought a 9.2% in Twitter (a $2,8 billion stake) according to a Securities and Exchange Commission 13G filing released Monday, thus becoming the company’s largest shareholder. Will Elon Musk Buyout Twitter? The large buy by co-founder and CEO of Tesla, Elon Musk, seems to follow a recent Twitter poll made by himself where users expressed disconformity with the platform. “Free speech is essential to a functioning democracy. Do you believe Twitter rigorously adheres to…

Profit taking and Bitcoin consolidation give bears an opportunity to take control

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The total crypto market capitalization reached its highest close in three months on April 3 at $2.23 trillion, but the performance between March 28 and April 4 was a mere 1.9% gain. During this time, Bitcoin (BTC) presented a 2.6% negative performance, although that was more than offset by the gains from altcoins. Total crypto market cap, USD billion. Source: TradingView While Ether (ETH) and Binance Coin (BNB) gained less than 3% over the past seven days, a handful of mid-capitalization altcoins managed to rally 20% or higher. On April…

Crypto Offering New Opportunities for Inflation-Worried Indonesian Investors; Bitcoin Is Flat

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Amid Oanda Senior Market Analyst, UK & EMEA Craig Erlam noted bitcoin’s choppiness over the past week after soaring past $47,000. “It’s recovered over the last few days after finding some support around $44,000 but continues to struggle to find much momentum as it approaches last week’s peak,” Erlam said. “It could still build on that breakout but it may be more of a grind than we’ve seen in the past, given the current environment.” Original

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Bitcoin Exchange Outflows Suggest Rally May Only Be Starting

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Bitcoin exchange inflows and outflows continue to be a way to determine what investors are doing with their coins. These usually follow a trend either in a bull or a bear market and deviate when there is a change in the market. This time around, with the market back in another surge, looking at the exchange net flows paints a rather positive picture. This is because bitcoin outflows continue to dominate in this regard. Bitcoin Outflows Ramp Up For the past week, the price of bitcoin has been on an…