Smart contracts platform Avalanche is supporting native bitcoin on its bridging service, the AVAX token has rallied by 7.4% as a result. Original
Avalanche Bridge Launches Native Bitcoin Support; AVAX Surges 7.4%
Tag: Support
Dogecoin Price Jumps As Elon Musk Reiterates Support For Meme Crypto At Qatar Forum
Dogecoin, one of the most popular parody coins in the crypto market, is on a tear today. The crypto was up 13% at the time of publication. The move comes as Tesla CEO Elon Musk repeated his support for cryptocurrency on Tuesday at the Qatar Economic Forum in Doha. Musk stated at the Qatar Economic Forum that he buys and backs it because people “who are not that wealthy” have requested him to, according to Bloomberg News. Suggested Reading | Celsius (CEL) Price Scorches To 130% Rally Despite Frozen Network Accounts…
Elon Musk Discusses Crypto Investing, Dogecoin Support, ‘Unresolved’ Twitter Issues, and Near-Term Recession – Featured Bitcoin News
Tesla and Spacex CEO Elon Musk has shared his views on a variety of topics, including crypto investing, why he supports the meme cryptocurrency dogecoin, “unresolved matters” in his Twitter takeover bid, and the likelihood of a near-term U.S. recession. Elon Musk on Crypto Investing Tesla CEO Elon Musk shared his thoughts on a wide range of topics in an interview with Bloomberg News’ John Micklethwait at the Qatar Economic Forum Tuesday. Crypto investing was among the topics discussed. Musk was asked whether he thinks people should still invest in…
Bitcoin Reclaims $20,000, Could It Lose Support Again?
Bitcoin and other major altcoins have been on a consistent free fall and even hit multi-yearly lows. BTC even touched $17,000 mark this month, however, the king coin has now reclaimed its $20,000. Over the last week, the coin lost 22% of its value but on the daily chart it gained close to 7%. Technical outlook for the coin has picked up bullishness but still reflects signs of weakness. Buyers also have returned to the market, but if buying strength drops again BTC might find support close to $17,000. It…
Ukraine Sells Donated CryptoPunk NFT for $100K to Support War Effort
The NFT was given to the country in March near the start of its crypto fundraising campaign. Source
BTC price recovers to 3-day highs as new whale support forms at $19.2K
Bitcoin (BTC) held steady at the June 20 Wall Street open as nervous traders waited for a short-term trend decision. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader flags Bitcoin “macro bottoming period” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD climbing to just shy of $21,000 at the time of writing, a three-day high. The weekend had spooked the majority of the market and liquidated speculators with a trip to $17,600, marking Bitcoin’s lowest levels since November 2020. Now, with United States equities cool at the start of…
Elon Musk’s support for Dogecoin grows stronger following $258B lawsuit
Not even a $258 billion class-action lawsuit alleging a crypto pyramid scheme could stop Elon Musk from publicly displaying his continued support for Dogecoin (DOGE). On June 16, a New York district court received a class action complaint against the world’s richest man Elon Musk and his companies, SpaceX and Tesla, for an alleged Ponzi scheme using DOGE tokens. The lawsuit demanded $258 billion in total monetary damages from Musk while requesting the court to rule DOGE trading as gambling in the United States. I will keep supporting Dogecoin —…
Crypto Fear and Greed Index Drops to Second Lowest Level of 6 Since 2018 as Bitcoin loses Crucial $20k Support
Summary: The crypto fear and greed index is currently at a 6, the second-lowest since August 2018, when it fell to a value of 5. Bitcoin has lost the crucial $20k support level and hit a local low of $18,742, with the weekend possibly opening the doors to more losses. A drop below $20k could turn the Bitcoin market into one of knife-catching. There is a level of extreme fear in the crypto markets. The crypto fear and greed index has hit a value of 6, its second-lowest level since…
Digital Assets Exchange Crypto.com Rolls Out Support for Two Low-Cap Ethereum-Based Altcoins
Singapore-based digital asset exchange Crypto.com is rolling out support for another two low-cap altcoins built on Ethereum (ETH). Crypto.com listed the governance token for Unifi Protocol DAO (UNFI), which utilizes decentralized finance (DeFi) to allow staking with a number of digital assets. “Unifi Protocol DAO (UNFI) is now listed in the Crypto.com App, joining the growing list of 250+ supported cryptocurrencies and stablecoins, including Bitcoin (BTC), Ether (ETH), Polkadot (DOT), Chainlink (LINK), VeChain (VET), USD Coin (USDC), and Cronos (CRO).” Rival exchange Coinbase listed the token in January, causing the…
Market selling might ease, but traders are on the sidelines until BTC confirms $20K as support
The total crypto market capitalization fell off a cliff between June 10 and 13 as it broke below $1 trillion for the first time since January 2021. Bitcoin (BTC) fell by 28% within a week and Ether (ETH) faced an agonizing 34.5% correction. Total crypto market cap, USD billion. Source: TradingView Presently, the total crypto capitalization is at $890 million, a 24.5% negative performance since June 10. That certainly raises the question of how the two leading crypto assets managed to underperform the remaining coins. The answer lies in the…