Maybe you think that Elon Musk is a visionary entrepreneur who will save the planet from catastrophe. Maybe you think that Elon Musk is a reckless narcissist. Maybe you’re simply tired of the guy. But regardless of your personal views of the man, you can’t deny his outsized influence on crypto in 2021 – specifically […]
Archives for December 2021
Bitcoin Struggles Below $50K After Crypto CEOs Take Center Stage
Bitcoin failed to hold above the $50,000 mark and was down 4.2% over the past 24 hours. The largest cryptocurrency by market cap was looking weak on Thursday, a day after executives from six major crypto firms spoke before the U.S. Congress’ Financial Services Committee. The hearing, which clocked in as one of the longest […]
Bitcoin Hashrate Approaches Full Recovery From China Crackdown
The bitcoin hashrate, a measure of computing power on the network, has almost completely recovered to its level in May, when Chinese authorities started a crackdown on the industry. At the time, China was the biggest bitcoin miner in the world, accounting for 71% of the global hashrate, according to the Bitcoin Mining Electricity Index […]
Most Influential: Jack Mallers
Bitcoiners don’t cry. If anything, the most committed and focused Bitcoin advocates are usually stereotyped as merciless trolls and self-satisfied jerks, whether they’re making fun of BTC skeptic Peter Schiff or other cryptocurrencies. So it is truly exceptional that the biggest Bitcoin announcement in a year full of them – the adoption of Bitcoin as […]
Bitcoin Range-Bound Above $46K Support, Resistance at $55K
Bitcoin (BTC) continues to stabilize around the $50,000 price level after a near 20% sell-off over the past weekend. For now, the cryptocurrency remains above $46,000 support, which could stabilize short-term pullbacks. Buyers will need to break above $55,000 resistance to yield further upside targets. Momentum signals are improving on intraday charts, which suggests buyers […]
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