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Is the Crypto Bull Market Over? 5 Industry Heavyweights Break It Down

Major cryptocurrencies suffered double-digit declines as volatility extended into the weekend. At Consensus 2021, investors pondered whether the sell-offs signal the end of this bull cycle. They also shared how bitcoin can live up to Hal Finney s historic $10 million price prediction. It was the kind of volatility that keeps investors eyes glued to the screen.  As last week s wild fluctuations extended into the weekend, none of the major cryptocurrencies was spared from double-digit declines. Bitcoin and ether tumbled as low as $31,384 and $1,758 on Sunday before rebounding to around $39,000 and $2,600, respectively, as of 4:30 p.m. ET on Monday.  The most recent pullback was said to have stemmed from an official statement summarizing Chinese vice-premier Liu He s comments at a state council meeting on May 21. The meeting, which was focused on preventing financial risks, mentioned specifically the need to combat mining and trading of bitcoin, according to the Chinese govern

China Crackdown On Crypto Wipes $1 Trillion In Wealth As Ether Crashes 40%, Bitcoin Below $35k

China Crackdown On Crypto Wipes $1 Trillion In Wealth As Ether Crashes 40%, Bitcoin Below $35k
zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Nightmares repeat as BTC flash crashes

May 13, 2021 12:46 GMTCrypto News Bitcoin price slid roughly $7,000 on Wednesday after Elon Musk tweeted that Tesla will not accept BTC. Ethereum price dropped only $270 and is in recovery mode. Ripple eyes a dip into the demand zone ranging from $0.941 to $1.156 before it attempts to rise higher. The recent Bitcoin price crash seen on Wednesday is comparable to the one in late April. However, unlike the last time, this drop was not due to rumors of new tax proposals. While many altcoins are recovering quickly, DeFi coins seem to be making a faster comeback.  Tesla drops plans of accepting BTC The latest slump in the cryptocurrency market seems to be attributed to Tesla CEO Elon Musk’s tweet that revealed the electric vehicle manufacturer would not accept BTC.

Bitcoin Elusive Monetary Problem - Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides

May 6, 2021 This deep dive explores what problems plague our modern monies, and how bitcoin cures these issues. “Give me six hours to chop down a tree and I will spend the first four sharpening the axe.” -Abraham Lincoln To understand the implications of a paradigm changing technology, one must intimately understand the problem that is being addressed. If we do not understand the problem at a granular level, how can we ever determine what may be a suitable solution? Bitcoin has been obtuse to many, the reason being that most simply do not understand the problem of money; if you are one of these people, don’t be hard on yourself very few do understand. With this writing, the aim is to help the novice learner become familiar with our current problem of money. Once the problem is understood, the solution becomes obvious. When speaking to radical disruption, humans have a hard time adapting to a new reality. This is not only due to fear of change, but more so, we are psycholog

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