Bitcoin struggles as sellers return following brief rally
Despite a collection of positive news stories overnight, the original digital currency was failing to make much headway on Tuesday afternoon
Bitcoin prices were struggling to make headway early on Tuesday afternoon following a brief spurt overnight as sellers returned to the digital currency.
At the time of writing, the digital coin is down 2.2% in the last 24 hours at US$36,881, giving it a market cap of around US$690bn.
The stalled recovery came despite a number of positive news stories overnight that saw Bitcoin reach its highest value since last Friday in the early hours of Tuesday morning before dropping back as the day progressed.
Argo Blockchain joins new Bitcoin Mining Council set up after Elon Musk call
The BMC is comprised of several North American cryptocurrency miners to promote energy transparency and improve sustainable mining practices
Argo Blockchain PLC (LON:ARB) said it has joined the newly formed Bitcoin Mining Council (BMC), an organisation comprised of North American cryptocurrency miners designed to promote energy transparency and improve sustainable mining practices.
The company said miners in the region had come together on Sunday to discuss ESG issues related to Bitcoin mining with Tesla Inc (NASDAQ:TSLA) boss Elon Musk, and following a 90-minute call, the participants agreed to form the BMC.
Following the market opening Monday, the Dow traded up 0.50% to 34,378.59 while the NASDAQ rose 1.18% to 13,629.81. The S&P also rose, gaining 0.83% to .
Marathon Digital Holdings (MARA) Announces Binding Letter of Intent with Compute North to Host 300-Megawatts of Bitcoin Mining at New Data Center streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Wild ride: Bitcoin rose 31% at breakfast, rose 33% at lunch | Automotive news
31% jump in the morning. 33% increase in the afternoon.
It was strange what Bitcoin took on investors on Wednesday, before it could help push the comments of some famous defenders by lowering the value of billions in a hard bounce.
The extreme fluctuations in the prices of an asset known for its turbulence caused disruptions in major crypto exchanges and Wall Street chats prevailed. The incident led to a tweet from Elon Musk about Tesla Inc. saying she wasn’t among the vendors, Cathie Wood said her monitor sparked a “capitulation” that put the digital token “on sale”. The technology company Justin Sun, which created the cryptocurrency platform Tron, tweeted that it had bought $ 152 million in Bitcoin for about $ 37,000.