Cryptocurrencies continue to struggle July 27, 2022 In association with Luno. Bitcoin’s (BTC) recent strong momentum stalled in the middle of last week, and the price has been drifting back towards the $20k mark after hitting highs above $24k last week. The leading cryptocurrency by market capitalisation has hovered around $21k since Monday, down almost 10 per cent over the past 7 [...]
Bitcoin holds at $21k after shaky start to the week July 27, 2022 Bitcoin holds at $21k after shaky start to the week
Tesla’s Bitcoin holdings lead to £141.5m impairment charge and £53.3m profit July 26, 2022 Tesla had an impairment charge of $170m (£141.5m) on the carrying value of its Bitcoin holdings, while making a $64m (£53.3m) profit from selling the cryptocurrency in the first half of 2022, the company reported. In a filing with the Securities and Exchange Commission on Monday, the electric automaker said that it must recognise impairment [...]
Crypto markets drop again as investors eye incoming interest rate announcement July 26, 2022 Crypto markets drop again as investors eye incoming interest rate announcement
Crypto Spot Volumes Reach Record Lows for 2022 as Bitcoin Miners Offload Their BTC July 25, 2022 Data from CryptoCompare shows that the price of Bitcoin moved sideways throughout the last week, starting at $22,000 and quickly surging to $24,000, before enduring a correction that took BTC right back to where it started. Ethereum’s ether, the second-largest cryptocurrency by market capitalization, moved slightly upward, starting the week at around $1,500 and moving [...]
Crypto AM Daily in association with Luno July 25, 2022 Bitcoin steady at $22k ahead of US interest rate decision
Another crazy week in the world of crypto July 22, 2022 Jason Deane sums up another turbulent and gripping week in the world of finance, cryptocurrency and the price of Bitcoin.
The Elon Effect: Musk’s influence is waning over crypto July 21, 2022 Elon Musk has clearly lost his powers over the price of cryptocurrencies - and we should welcome this news, says Nigel Green.
Don’t read too much into Elon Musk’s ditching of Tesla Bitcoin holdings, says former banking chief July 21, 2022 The founder of a major investment bank has branded Elon Musk's Bitcoin dealings as "inefficient and unattractive" to Tesla stakeholders.
Elon Musk’s Tesla sheds 75 per cent of its Bitcoin holdings as profits drop July 21, 2022 Tesla has sold 75 per cent of its Bitcoin portfolio as profits slid in the second quarter of the year. The electric automaker announced in its Q2 earnings report that it converted the Bitcoin to $936m (£782m) of cash, with its digital asset holdings now at $218m (£182.4m). Profits fell to $2.3bn (£1.9bn) from a [...]