Bitcoin (CRYPTO:BTC) also fell approximately 33% last month.
So what
It s not that Marathon didn t have any news of its own in May. The company reported mixed first-quarter results, added two new names to its boardroom, and planned out a 300-megawatt Bitcoin mining location in Texas. Marathon mined 192 Bitcoin tokens in the first quarter and invested $150 million in buying another 4,813 Bitcoins. But the market largely shrugged off all of these moves to focus on a shaky Bitcoin chart instead.
Bitcoin s travails in May have been well documented elsewhere, but here s a high-level overview. The leading cryptocurrency entered the month with prices north of $57,000 per token, itching to cement a two-month period of relative stability. Instead, Bitcoin prices fell sharply amid an avalanche of negative developments. Chinese regulators cracked down on cryptocurrency trading in general,
To assuage critics, Elon Musk and Michael Saylor announced late last month that Bitcoin miners in North America had agreed to form the Bitcoin Mining Council.
Elon Musk Is Pulling Bitcoin Where It Loathed to Go
Jun 05 2021, 7:52 PM
June 05 2021, 5:30 PM
June 05 2021, 7:52 PM
(Bloomberg Opinion) Bitcoin uses a lot of electricity. So do electric cars, space travel and civilization in general, but few things burn energy so shamelessly.
(Bloomberg Opinion) Bitcoin uses a lot of electricity. So do electric cars, space travel and civilization in general, but few things burn energy so shamelessly.
To assuage critics, Elon Musk and Michael Saylor announced late last month that Bitcoin miners in North America had agreed to form the Bitcoin Mining Council, an organization that would promote energy transparency and sustainable mining practices.
- FN Media Group Presents Microsmallcap.com Market Commentary NEW YORK, June 3, 2021 /PRNewswire/ Dogecoin continues to earn significant recognition from Elon Musk as an accepted investment
/PRNewswire/ Dogecoin continues to earn significant recognition from Elon Musk as an accepted investment option and payment method after another tweet on.