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Bitcoin Losses Accelerate After Weekend Rally to Record High yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
By Katie Greifeld The cryptocurrency market’s little guys are going toe-to-toe with the big banks as Bitcoin continues to surge to new highs, data compiled by JPMorgan Chase & Co. suggest. Using Square and Paypal data as a proxy, retail investors have purchased over 187,000 Bitcoins so far this quarter, compared to roughly 205,000 last quarter, strategists including Nikolaos Panigirtzoglou wrote in a Friday report. Meanwhile, institutions have bought about 173,000 of the world’s largest cryptocurrency over that time frame as gathered by Bitcoin futures, fund flows and company announcements after buying nearly 307,000 in the last quarter of 2020. Bloomberg While far from bulletproof, the stats suggest that flows into Bitcoin are becoming more balanced after institutions dominated late last year. Wall Street’s embrace of crypto was cited a key reason for Bitcoin’s run-up in 2020, with banks and asset managers alike unveiling plans in the space. Now, with ....
TechX Technologies Inc. ("TechX'' or "the Company'') (CSE: TECX) (OTC: TECXF) (FRA: C0B1), a company focused in emerging technologies across growth sectors including: crypto, blockchain, AI and cloud technologies, is pleased to announce that it's new portfolio company, Catalyx Exchange has launched FastBitCash.ca, a platform that offers the fastest Bitcoin purchase and withdrawal in Canada. ....
Tesla Loses Nearly $280 Billion Since Investing in Bitcoin Mar 9 2021 · 10:35 UTC | Updated Mar 15 2021 · 08:38 by Tolu Ajiboye · 3 min read Photo: Depositphotos You have successfully joined our subscriber list. Although one-year Tesla stock figures look good, 5-day, 1-month, and year-to-date movements are currently taking the heat, despite Bitcoin purchases. Tesla Inc (NASDAQ: TSLA) Is experiencing a considerable market downturn as the company’s stock has not maintained achieved increases from Bitcoin investments. The Elon Musk-led electric car maker has recently been trading in red, somewhat depleting gains from heavy crypto investments. Specifically, the Tesla market cap has lost $277 billion in a little over a month. ....
Tesla, which revealed it bought $1.5 billion worth of Bitcoin earlier this month, is "on a trajectory to make more from its Bitcoin investments than profits from selling its EV (electric vehicle) cars. ....