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Bitcoin slips below $46K as correction deepens; institutions keep accumulating After failing to reclaim the $50,000 level, BTC faces renewed selling pressure in the short term. However, short-term headwinds don’t negate the bull market. 21814 Total views Market Analysis
Bitcoin (BTC) price slipped below $46,000 on Sunday for the second time in four days, raising the specter of a deeper short-term correction for the flagship digital currency.
Bitcoin fell to a session low of $45,127.01, according to TradingView, before staging a modest recovery to around $45,400. The largest cryptocurrency by market capitalization is down 5% on the day and over 20% in the last seven days.
April 26, 2021
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Every other day, it seems to be hitting new highs.
For the uninitiated, Bitcoin is the first decentralised digital money system that was introduced by Satoshi Nakamoto in a white paper titled, Bitcoin: A Peer-to-Peer Electronic Cash System.
With the success of Bitcoin, many other alternative coins, or altcoins , were launched.
This guide should help you if you are looking to get a piece of Bitcoin or any other cryptocurrency.
However, if you are looking to get in on the action but don t want to own any cryptocurrency outright, here are some stocks you can consider researching further into and buying.
The rally started as speculative traders on Reddit dubbed it the next
Bitcoin (CRYPTO:BTC), and additional support from celebrities like Elon Musk, Snoop Dogg, and Gene Simmons propelled its price to all-time highs.
However, there s very little evidence that Dogecoin will ever gain as much mainstream recognition or acceptance as Bitcoin. So instead of making brash bets on a cryptocurrency inspired by a meme, investors should check out these three adjacent tech stocks instead.
Image source: Getty Images.
1. Square
Square (NYSE:SQ) is mainly an online payments provider, but it also represents one of the easiest ways to gain exposure to Bitcoin without directly buying the cryptocurrency or investing in an overpriced ETF.