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$100 Million Evaporated From DeFi Amid Bitcoin Drop to $45,000
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Ethereum Shifts Under $1,400 as Crypto Bloodbath Continues
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2 Key Reasons Why Bitcoin Bulls Expect Further Upside
Reading Time: 2min read
Bitcoin has seen strong gains over the past seven days. According to CoinGecko, the leading digital asset is up 16% in the past seven days, outperforming Ethereum and a number of other digital assets.
Despite this strong rally in the price of the leading digital asset, analysts are expecting further gains in the weeks ahead.
Here are a few reasons why this sentiment has been shared about Bitcoin.
Bitcoin is seeing strong demand from players like MicroStrategy and other corporate players.
Just this past week, it was revealed by the business services company that it will be raising nearly $1 billion to buy Bitcoin through the sale of corporate bonds. The firm announced on the matter:
Breaking Down What Bill Gates Said About Bitcoin
Reading Time: 2min read
With the recent craze around Bitcoin, CNBC has been asking many of its guests to its television programs to talk about digital assets.
Bill Gates, the founder of Microsoft and one of the most wealthy people on Earth, was no exception to this rule just recently.
The billionaire technologist, who has now become a philanthropist, recently took to CNBC. During his interview, he was asked about Bitcoin and his thoughts on the digital asset. Here’s more about what he said.
Microsoft Founder Bill Gates Talks Bitcoin
Microsoft founder Bill Gates, when asked about Bitcoin today, clarified that he does not own any of the digital asset and is not short BTC. Instead, he clarified that he has a “neutral view” on the cryptocurrency, adding that it can go “up and down just based on the mania or whatever the views are.”
Bitcoin Pierces Through $50,000 Amid Continued Wall Street Support
Reading Time: 2min read
Bitcoin once again just pierced past $50,000 for the second time in history. The first time was earlier today, which was when the cryptocurrency shot past $50,400 early Monday morning as MicroStrategy doubled down on its support for the leading digital asset.
The cryptocurrency recently began to flirt with that milestone price level over the past 30 minutes, bouncing above and below $50,000.
Bitcoin has yet to firmly establish a grip over $50,000, though may do so as the cryptocurrency sets a series of higher lows and higher highs.
Trouble In Macro Town: Will It Hurt Bitcoin?
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