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Category: Bitcoin News

Breaking: MicroStrategy Bought the Bitcoin Dip With Additional $10M BTC Purchase

MicroStrategy, the software solution giant has bought the Bitcoin dip with an additional $10 million purchase of 229 Bitcoins. The most recent purchase comes within a week of their last Bitcoin purchase announcement. The Fortune 500 company bought the latest dip at $43,663 per Bitcoin. The company that pioneered the use of Bitcoin as a

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BOA Report says Kimchi Premium Result of Capital Flow Control

Kimchi premium, the Bitcoin price difference between the international market and the South Korean market rose to $4,000 yesterday after a red crypto day. A recent Bank of America report suggests that the Bitcoin price premium in the Korean market is a result of capital flow control put by the government. At present, the purchases

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FTC Data: Elon Musk Impersonators Scam Crypto Investors for $2 Million

Billionaire Elon Musk has been quite vocal and engaging with the Bitcoin (BTC) and the crypto community recently, and crypto scammers are now making the most of the moment while duping investors for millions of dollars. As per the data released by the Federal Trade Commission (FTC) on Monday, May 17, Musk impersonators stole nearly

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Long term Holders Continue Accumulating Bitcoin (BTC) Amid Bloodbath

Earlier today, the Bitcoin (BTC) price crashed to under $45,000 after Elon Musk raising speculations of Tesla possibly selling Bitcoins anytime ahead. Later Musk confirmed that Tesla hasn’t yet sold its holdings. However, the damage was already done. As the FUD hit the crypto market, the on-chain volume shows that the short-term Bitcoin holders ended

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Bitcoin Exchange Inflow Continues to Surge, Will BTC see a Further Downside?

Bitcoin price fell to a 3-month low earlier today retracing to $42,000 level which many believe was caused by Elon Musk’s recent Twitter meltdown, however, the price soon bounced off to rise above $45,000 as the total correction since last month high reached over 30%, the biggest correction this bull season. While many Bitcoin proponents

The post Bitcoin Exchange Inflow Continues to Surge, Will BTC see a Further Downside? appeared first on Coingape.

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Elon Musk Claims Bitcoin Mining Is Centralized, Is It True?

Elon Musk has become the talk of the crypto town owing to his recent face-off with Bitcoiners on Twitter and a subsequent meltdown where he first made bizarre claims about Bitcoin’s ‘per-transaction’ cost and later even threatened to go all-in Doge. Among many claims, one that got the attention was his claim of centralization in

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Elon Musk Confirms “Tesla Has not Sold Any Bitcoin”

After a lot of speculation and FUD about Tesla selling Bitcoin anytime soon, Elon Musk has momentarily cleared the air stating “Tesla has not sold any Bitcoin”. To clarify speculation, Tesla has not sold any Bitcoin — Elon Musk (@elonmusk) May 17, 2021 Elon Musk’s late Sunday tweet rattled Bitcoin (BTC) along with the overall

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Bitcoin (BTC) Critic Peter Schiff Questions Its “Safe-Haven Asset” Status After Elon Musk’s Tweets

Bitcoin (BTC) has come under severe pressure and has tanked more than 10% after Elon Musk suggested that Tesla might dump its Bitcoin holdings going ahead. “Indeed,” Musk seems to be having a strong influence in the crypto space and it has reflected over the last few weeks and months. Indeed — Elon Musk (@elonmusk)

The post Bitcoin (BTC) Critic Peter Schiff Questions Its “Safe-Haven Asset” Status After Elon Musk’s Tweets appeared first on Coingape.

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Market Update: Crypto Market Tanks Over 10% Losing $275 Billion in 24-Hours

Massive sell-off has once again ensued in the crypto market as we look forward to kickstarting the third week of May 2021. The overall crypto market has tanked 10% losing $275 billion in just 24-hours. the market looks stressed and under pressure with a major sell-off in Bitcoin (BTC) as well the altcoin space. Bitcoin

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Bitcoin Price Forecast: BTC dumps to $42,000, but Tom Lee makes a massive $125,000 prediction

The instability in the cryptocurrency market last week continued throughout the weekend. A brief break above $50,000 was unsustainable, leading to another breakdown. Moreover, support at $46,000 did little to stop the massive losses; hence BTC dived near $42,000, a three-month low. Elon Musk blamed for crashing Bitcoin The founder is Tesla, Elon Musk has

The post Bitcoin Price Forecast: BTC dumps to $42,000, but Tom Lee makes a massive $125,000 prediction appeared first on Coingape.

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Fundstrat’s Tom Lee Increases Bitcoin Price Target to $1,25,000 Despite Elon Musk’s Turnaround

Tom Lee, Managing Partner and the Head of Research at Fundstrat Global Advisors who is an avid Bitcoin bull has now increased his Bitcoin price target from $100,000 to $125,000 despite a recent bizarre turnaround by Elon Musk. Musk has recently closed the Bitcoin payment gateway for Tesla cars just a month after availing the

The post Fundstrat’s Tom Lee Increases Bitcoin Price Target to $1,25,000 Despite Elon Musk’s Turnaround appeared first on Coingape.

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Bitcoin Hashrate of Major Chinese Mining Pools Drops Rapidly

Bitcoin network’s hashrate recorded a rapid drop today across major Chinese mining pools including f2pool losing 11.26% a spool lost 16.23%, Binancepool recorded a decline of 14.38%, and Huobipool lost 23.68%. The rapid decline is being attributed to another power outage in Sichuan province. Industry insiders claimed the decline might be temporary and might bounce

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Bitcoin (BTC) Supply At Exchange Hit 4-Month High, Trades Hesitant to Buy the Dips

After crashing under $50,000 earlier this week, Bitcoin (BTC) is struggling to make a move northward. The world’s largest cryptocurrency has lost its trillion-dollar status and continues to remain under pressure. At press time, Bitcoin is trading at a price of $49,023 with a market cap of $924 billion. This happens as Bitcoin inflows at

The post Bitcoin (BTC) Supply At Exchange Hit 4-Month High, Trades Hesitant to Buy the Dips appeared first on Coingape.

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Jack Vs Elon: Jack Dorsey Comes Ahead to Rescue Bitcoin (BTC) Against Elon Musk

Tech titans are battling it out for and against Bitcoin (BTC) this week. After Elon Musk’s Tesla dropping Bitcoin (BTC) payments citing environmental concerns, Twitter’s Jack Dorsey has come to the rescue of Bitcoin (BTC). Dorsey, who also heads digital payments company Square Bitcoin changes “everything” for the better. Furthermore, he also expressed his commitment

The post Jack Vs Elon: Jack Dorsey Comes Ahead to Rescue Bitcoin (BTC) Against Elon Musk appeared first on Coingape.

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Bitcoin (BTC) Transactions Worth Over $1 Million Hit All-Time High As BTC Price Struggles to Hold at $50,000

The world’s largest cryptocurrency Bitcoin (BTC) has been struggling under the $50,000 levels. After Tesla dropping BTC payments earlier this week, BTC registered more than a 15% price crash and is currently trading 3.64% down at $48,703 with a market cap of $911 billion. On the other hand, Bitcoin (BTC) whale transactions have been ascending

The post Bitcoin (BTC) Transactions Worth Over $1 Million Hit All-Time High As BTC Price Struggles to Hold at $50,000 appeared first on Coingape.

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City of Williston Starts Accepting Bitcoin Payments For Utility Services

The City of Williston would start accepting Bitcoin and other crypto payments from the citizens for all their utility bills in partnership with Bitpay. The city council would first observe the response for the utility crypto payment and if the volumes and interest are significant the city might add other bill payment options in crypto

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Bitcoin Vs Elon Musk: Why Elon Musk Is Promoting Dogecoin Over Bitcoin?

Elon Musk, the CEO of Tesla and SpaceX founder has turned from a hero of the Bitcoin community to a villain of sort pretty quick after his outlandish energy consumption claims of the Bitcoin network, post discontinuing Bitcoin payment option for buying Tesla cars. Musk’s recent attack on the Bitcoin network’s energy consumption seems a

The post Bitcoin Vs Elon Musk: Why Elon Musk Is Promoting Dogecoin Over Bitcoin? appeared first on Coingape.

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