Elon musk bitcoin

Representative image Cryptocurrencies traded in the red early today on May 10. The global crypto market cap is $1.41 trillion, a 9.78 percent decrease over the last day. The total crypto market volume over the last 24 hours is $181.93 billion, which makes a 82.97 percent increase. The total volume in DeFi is currently $20.85 billion, 11.46 percent of the total crypto market 24-hour volume. The volume of all stable coins is now $163.00 billion, which is 89.60 percent of the total crypto market 24-hour volume. Bitcoin's price is currently Rs 25.44 lakh, with a dominance of 41.79 percent. This was a 0.34 percent increase over the day, according to data from CoinMarketCap. Bitcoin , the world’s biggest cryptocurrency, has tumbled 28 percent this year so far. As per analysts and watchers, the Russia-Ukraine war and changing economic policies impacted the cryptocurrency market as investors flee to more stable havens. Bitcoin hit an all-time high of $67,549.74 on … [Read more...] about Cryptocurrency Prices Today May 10: Bitcoin slumps further, Polkadot biggest loser

Share to Twitter Share to Linkedin Luna LUNA , the collapsed cryptocurrency that was designed to support the terraUSD (UST UST ) stablecoin, has rocketed higher over the last 24 hours despite falling to near zero this week— a dramatic collapse that shook the wider bitcoin and crypto market . Subscribe now to Forbes' CryptoAsset & Blockchain Advisor and successfully navigate the volatile bitcoin and crypto market The luna price, which was trading as high as $100 per luna just last month, crashed to near zero this week—causing the algorithmic stablecoin UST to completely lose its peg to the U.S. dollar—amid a $1 trillion crypto crash that sent the bitcoin price down by over 20%. Now, the chief executive of UST and luna developer Terraform Labs, Do Kwon, has pitched a revival plan that could see ownership in the network distributed across UST and luna holders—causing the luna price to surge over 1,000% as traders bet the … [Read more...] about ‘Revival Plan’ Boosts ‘Essentially Zero’ Luna Price By 1,000% Amid Bitcoin, Ethereum And Crypto Crash

Share to Twitter Share to Linkedin Bitcoin BTC and cryptocurrency prices have been hit by an almighty sell-off this month, wiping around $1 trillion from the crypto market since early April— though Elon Musk surprised some by signaling his continued support . Subscribe now to Forbes' CryptoAsset & Blockchain Advisor and successfully navigate the volatile bitcoin and crypto market The bitcoin price has dropped to lows not seen since the pandemic crypto rally began in late 2020 after a perfect storm of Federal Reserve interest rate hikes, the scaling back of its huge $9 trillion balance sheet and a huge $18 billion stablecoin meltdown ( with the collapsed cryptocurrency luna staging a shock rebound this weekend ). Now, one widely-respected analyst has warned the Federal Reserve, "endorsed" by U.S. president Joe Biden, will pursue a program of "shock therapy" in order to drive down demand and "slay" inflation—with the crypto … [Read more...] about Biden ‘Endorsed’ Fed ‘Shock Therapy’—Why The $1 Trillion Bitcoin, Ethereum And Crypto Price Crash Could Be Just Getting Started

Share to Twitter Share to Linkedin Bill Keen is the Founder and CEO of Keen Wealth Advisors and the Best-Selling Author of Keen on Retirement. If you’ve been watching the news recently, you’ve heard about the situation with GameStop’s stock price . One of the so-called “meme stocks” (where the popularity is driven by enthusiasm online in places like Reddit), GameStop’s stock had a meteoric rise, a precipitous drop, and has since risen and fallen again. Netflix is even making a movie about the whole ordeal. If you haven’t heard of the GameStop fiasco, you’ve probably heard of bitcoin, a cryptocurrency that has skyrocketed in value in recent years. As of Sept. 10, one bitcoin is valued around $45,000. Some businesses are now accepting it as a form of payment. While seemingly unrelated, GameStop and bitcoin share one similarity in my mind: the appeal of a “get rich quick” opportunity. In the past year, I’ve fielded more than a few calls from … [Read more...] about Why Investors Chase GameStop, Bitcoin And Other ‘Get Rich Quick’ Opportunities

LedgerX co-founder Paul Chou is building on the sale of the company he created by raising capital for a new kind of cryptocurrency that can be spent on Earth, the Moon, Mars and beyond. I t’s just before midnight on a rainy autumn Friday. Paul Chou and his entourage dodge puddles on the runway of the Teterboro Airport in New Jersey as they board a Gulfstream private jet bound for Las Vegas. The flight attendant cracks open a bottle of champagne and with a nod welcomes the passengers aboard. The girls disappear into the back and emerge minutes later wearing sequined cocktail dresses and feather boas. Sensing she’s in for a party, the attendant offers a round of tequila shots just as the inertia from the plane taking off to the Bellagio Hotel & Casino forces her laughing into her seat. Ostensibly, Chou, 38, is celebrating not only his birthday but the sale for an undisclosed amount of LedgerX, the ground-breaking bitcoin derivatives firm he co-founded with his wife in … [Read more...] about Bitcoin Trailblazer Raises Capital To Create Interplanetary Cryptocurrency

Representative image Global shares rose on Friday and investor sentiment stabilized after a volatile week of trading, helping to push up stock indexes in the United States and Europe. Global markets, particularly U.S. stocks, have gyrated wildly this week as investors grew anxious about the possibility of a recession. The S&P is nearly 20% down from its all-time high in January and was close to a bear market on Thursday. Investors are anxious about whether U.S. Federal Reserve Chair Jerome Powell can accomplish a "soft landing," where the Fed raises interest rates just enough to reduce elevated inflation without causing the economy to contract. In an interview late on Thursday, Powell said the battle to control inflation would "include some pain," and he repeated his expectation of half-percentage-point interest rate rises at each of the Fed's next two policy meetings. The war in Ukraine has aggravated supply chain disruptions and inflationary pressures already in … [Read more...] about World equities rise on bounce in United States, European markets

U.S. stocks again started the day mixed after a report said that U.S. retail and food services fell more than expected last month. Investors are also digesting a slew of quarterly earnings reports from banks, as JPMorgan Chase & Co. ( JPM ) and Citigroup Inc. ( C ) recorded income declines, while Wells Fargo & Company ( WFC ) said that profit jumped. The Dow Jones Industrial Average (DJIA) and the S&P 500 are poised to finish the week lower, while the Nasdaq may end up higher for the week. All three major indexes finished lower yesterday. Key Takeaways Stocks are mixed again this morning, with the Nasdaq gaining and the Dow and S&P 500 falling. Retail and food sales sank 1.9% in December, marking the biggest drop in 10 months. JPMorgan and Citigroup reported falling quarterly profit, while Wells Fargo reported fourth quarter profit that beat analysts' forecasts. The University of Michigan will release its Consumer Sentiment Index for … [Read more...] about Stocks Mixed as Retail Sales Drop Most in 10 Months

U.S. stock futures are moving higher, led by technology shares on the Nasdaq exchange, after another volatile day of trading ahead of an announcement from Federal Reserve policymakers about the future of monetary policy . Key Takeaways U.S. stock futures are moving sharply higher, led by technology shares on the Nasdaq exchange. Traders are awaiting a 2 p.m. Eastern time announcement from Federal Reserve policymakers about the future of monetary policy. Cryptocurrencies' rally continued. Oil again marched higher, and the dollar strengthened against the euro. Bond yields fell. Microsoft Corporation ( MSFT ) helped lead tech shares higher after reporting fiscal second quarter results that beat expectations while forecasting better-than-expected quarterly sales for the current quarter. Tesla, Inc. ( TSLA ), scheduled to report earnings after markets close today, is also gaining. The Dow Jones Industrial Average (DJIA) was down more than 800 points … [Read more...] about Stocks Gain as Tech Rallies and Investors Await Fed Rate Decision

Moody's cut Russia's credit six notches as it expects "sustained disruption to the economy" as a result of global sanctions against the country after it invaded Ukraine. Russia's stock market remained closed. U.S. stocks are higher after yesterday's surge that came in the wake of Federal Reserve Chair Jerome Powell ’s congressional testimony signaling a Fed rate increase would be lower than what investors feared. Key Takeaways Top credit agency Moody's decreased Russia's credit by six notches. U.S. stocks are rising, following yesterday's surge that came after Fed statements that allayed fears of a big interest rate hike. Best Buy Co. Inc. and Kroger Co. shares rose after reporting better-than-expected earnings. Powell is set to testify before Senate lawmakers this morning after telling House lawmakers yesterday he would propose just a quarter-percentage-point rate hike at the central bank’s March meeting. All major U.S. stock indexes posted solid gains … [Read more...] about Moody’s Cuts Russia’s Credit, Wheat Prices Soar, Powell Allays Investors’ Fears

Share to Twitter Share to Linkedin Microsoft cofounder Bill Gates isn’t a fan of cryptocurrency. Gates, now fourth-richest person in the world with a net worth of $125 billion, said during a Thursday Ask Me Anything exchange on Reddit that he doesn’t own any digital currency. “I like investing in things that have valuable output. The value of companies is based on how they make great products. The value of crypto is just what some other person decides someone else will pay for it so not adding to society like other investments,” he said. Gates has previously expressed some skepticism about Bitcoin. In a February interview with Bloomberg, the billionaire expressed concern for everyday people getting sucked into the Bitcoin frenzy. He probably has a point. The crypto market is in freefall after the collapse of the TerraUSD stablecoin last week, dragging down other digital currencies with it. Bitcoin is down 27% this month, while Ethereum has backslid … [Read more...] about Bill Gates Explains Why He Doesn’t Own Any Cryptocurrency