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MONEYWEB LIVESTREAM Bitcoin trims gain after Muskâs miner tweet spurred volatility The largest digital currency fell as much as 3% to dip briefly below $38 000 in Asian trading, following a 16% overnight jump. By Vildana Hajric and Eric Lam, Bloomberg 25 May 2021 07:14 Image: Angel Garcia/Bloomberg Bitcoin trimmed gains Tuesday after Elon Muskâs effort to bolster the tokenâs green credentials stoked a rally, extending a bout of marked volatility in the wake of last weekâs crypto rout. The largest digital currency fell as much as 3% to dip briefly below $38 000 in Asian trading, following a 16% overnight jump. The wider Bloomberg Galaxy Crypto Index fell 2% as tokens including Ether slipped back too. ....
5 Reasons the Bitcoin Mining Council is Bullish for Price – Buy BTC Now? Last Updated: 25 May 2021 The Bitcoin Mining Council (BMC) has been birthed and it could be good news for crypto. Although we are all getting collectively tired of the Elon Musk crypto show we are where we are – the joker will not be put back in the box, so his tweet revealing the founding of the Bitcoin Mining Council should be welcomed, although ‘maximalists’ see it as an attack on bitcoin decentralisation. Here’s what Musk wrote: “Spoke with North American Bitcoin miners. They committed to publish current & planned renewable usage & to ask miners WW to do so. Potentially promising.” (WW in this context means worldwide) ....
Bitcoin slips below US$38,000 in a retreat from Monday s rally Vildana Hajric and Eric Lam, Bloomberg News Saxo APAC CEO: Huge Reaction to Cryptocurrency Offering VIDEO SIGN OUT
Bitcoin traded lower on Tuesday as prices pulled back from a double-digit percentage rally, stoked by Elon Muskâs effort to bolster the tokenâs green credentials on Twitter. The largest digital currency slipped 4.6 per cent to trade at US$37,250 as of 7:43 a.m. in New York, following a 16 per cent jump on Monday. The wider Bloomberg Galaxy Crypto Index and tokens including Ether also dropped. The Tesla Inc. billionaire has roiled the tokenâs price this month, triggering a selloff by criticizing its energy profile and suspending Bitcoin payments. Heightened regulatory rhetoric on cryptocurrencies from China also pressured the sector. ....
Elon Musk boosts Bitcoin with green credentials plan mybroadband.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mybroadband.co.za Daily Mail and Mail on Sunday newspapers.