Elon Musk revealed that Tesla will halt all BTC transactions due to environmental concerns, with the firm set to look at more energy-efficient cryptocurrencies.
Bitcoin adoption continues to increase but derivatives data shows retail and professional traders are reluctant to build new bullish positions.
New all-time highs for the largest altcoin combine with fresh bullishness across crypto after this week’s sell-off.
Billionaire Stanley Druckenmiller thinks some kind of crypto-derived ledger system may replace the U.S. dollar as the world’s reserve currency in the future.
Mark Zuckerberg sent Bitcoin hodlers into a frenzy after naming his new pet goats “Bitcoin” and “Max.”
The crypto exchange added that “all customer accounts and funds remain completely secure.”
Ethereum’s increasing dominance has kept traders focused on altcoins but Bitcoin’s struggle to hold above $59,000 could send the entire market tumbling.
Morgan Creek Capital Management’s CEO predicted Bitcoin will soon rival gold by monetary value.
Binance CEO Changpeng Zhao said Bitcoin’s volatility is “probably less volatile” in comparison to some stocks, but data shows Bitcoin is the incontestable winner when adjusting the metric based on returns.
Bitcoin is still stuck in a predictable range below Binance Coin, Cardano, Litecoin and Chainlink have formed bullish patterns suggesting further upside in them.