Bitcoin: Powered By Tesla?
28 Apr, 2021 CryptoParrot
Tesla's Earnings Report Helps Push Bitcoin Back Atop $50k Level.
According to Elon Musk, Bitcoin was inevitable. The news that the mogul and Twitter troll personality was finally entering the world of cryptocurrencies in an official capacity made waves last year. Today, we are finally seeing the receipts of said adoption, with Tesla's first earnings report after purchasing $1.5 billion of Bitcoin.
At first, crypto enthusiasts were frustrated to learn that the company had liquidated 10% of the initial buying order. However, according to Musk, this was merely a ploy to prove BTC's liquidity. While the court is still out if the testimonial is mere damage control or an earnest proposal by the CEO, the company had disclosed that it will keep on investing in cryptos.
Even though Musk's moves on social media had a history of boosting assets, this was not the case this time. After recovering from the bellow-50k drop, Bitcoin had been steadily climbing back, now being traded just shy of $55,000.
Interest in dogecoin on Google spikes by 3,000% in 2021 led by the US and Turkey
As dogecoin continues to catch the attention of the cryptocurrency sector, more people are showing interest in the asset, intending to learn more about it.…2mins 12 May, 2021 CryptoParrot
Ten largest crypto art marketplaces hit over $1.5B in all-time trading volume
The ongoing digital collectible art or non-fungible tokens (NFT) boom continues to fuel the cryptocurrency art sector, with more participants entering the ecosystem.…2mins 5 May, 2021 CryptoParrot