Elon Musk-Led Tesla Reports $125 Million In Unrealized Losses On Bitcoin After Top Crypto Drops 12% In Q1
Electric vehicle juggernaut Tesla Inc. (NASDAQ:TSLA) reported losses on cryptocurrency investments in the first quarter on Tuesday, while its Bitcoin (CRYPTO: BTC) stash remained unchanged. What happened: Tesla’s balance sheet showed $951 million in digital assets, down 11.6% from the last quarter, according to the company’s earnings report released...
Read More
Chainlink Registers Month Of Exchange Outflows—Altcoin To Watch?
On-chain data shows Chainlink (LINK) has seen a month of consistent outflows, something that could prove to be bullish for the altcoin’s price. Chainlink Exchange Netflow Has Been Negative Recently In a new post on X, the market intelligence platform IntoTheBlock has discussed about the trend in the Exchange...
Read More
Bitcoin Trades Near $90K as On-Chain Cost Basis Zones Reveal Key Market Levels
Bitcoin continues to exhibit signs of renewed momentum, with the asset reclaiming ground lost during its recent corrective phase. The price of BTC has moved above $89,000, trading at approximately $89,062 at the time of writing, up 2.3% over the past 24 hours. With the $90,000 mark now within...
Read More
Cantor Fitzgerald to build $3B Bitcoin venture in partnership with SoftBank, Tether, and Bitfinex
This venture could significantly boost institutional Bitcoin adoption, influencing market dynamics and regulatory landscapes globally. The post Cantor Fitzgerald to build $3B Bitcoin venture in partnership with SoftBank, Tether, and Bitfinex appeared first on Crypto Briefing....
Read More
Why Is Bitcoin Up Today? Bitwise Answers
Bitwise Asset Management’s Weekly Crypto Market Compass – opens with a stark assessment: “With political pressure mounting on Powell and the dollar falling, Bitcoin’s outperformance reflects growing structural divergence from risk assets.” That single line distils the essence of the cryptocurrency’s run over the last few days, hitting $88,800...
Read More
Bitcoin Could Surge To Record High Amid Fed Independence Concerns: Standard Chartered
Bitcoin (BTC) may be poised to surge to new all-time highs (ATH) as concerns grow over the independence of the US Federal Reserve. Notably, US President Donald Trump and his team are reportedly exploring whether they can legally remove Fed Chair Jerome Powell before his term expires in May...
Read More
Tesla confirms Bitcoin stash intact despite Q1 earnings miss
Tesla’s unwavering Bitcoin strategy amid financial challenges highlights its commitment to crypto, impacting investor confidence and market dynamics. The post Tesla confirms Bitcoin stash intact despite Q1 earnings miss appeared first on Crypto Briefing....
Read More
Dogecoin Price Struggles With $0.15: Machine Learning Algorithm Reveals What Is In Store For Rest Of April
The Dogecoin price is currently struggling to break above the $0.15 level, providing a bearish sentiment for the leading meme coin. Amid the price struggle, this machine learning algorithm has revealed what to expect from DOGE as April draws to a close. Machine Learning Reveals What’s Next As Dogecoin...
Read More
Ethereum Sees Sharp Spike In New Adoption Rate Amid Ongoing Price Fluctuations
Ethereum‘s price continues to display notable weakness and volatility, recording bearish monthly performances in the past few months. Despite the prolonged waning price movements, the network has experienced an uptick in activity, with investors significantly flocking to the blockchain. Surge In Ethereum New Adoption Rate Even though Ethereum’s price...
Read More
California Crypto Self-Custody and Payments Bill Passes Committee
California Assembly Bill 1052, or the “Digital Assets Bill” (formerly the Money Transmission Act), passed a Committee vote with bipartisan support on April 21. It was introduced by Assembly Member and Democrat Avelino Valencia in February and amended at the end of March. It aims to protect cryptocurrency users...
Read More