Fundamental view: Bitcoin price seems to be recovering from the losses which was witnessed last week. While institutional investors’ ETF applications are helping bolster the adoption curve and hasten the process, several on-chain metrics combined with the developments surrounding regulating BTC mining in China and Iran has put a hault in the recovery. On the other hand, [...]
Fundamental view: Bitcoin fell significantly during the last week . The main reason for the fall is Elon Musk, the CEO of Tesla. Elon Musk’s tweet triggered a crash on May 12. Likewise, on May 16 Musk startled Bitcoin enthusiasts when he replied to a user and created confusion about Tesla having sold its BTC holdings. Although the CEO made a clarification [...]
Fundamental view: Bitcoin has seen a sharp fall in the last week. Elon Musk revealed Tesla’s decision on accepting payment in BTC, He tweeted on May 13 that the electric car maker will no longer accept payment in BTC. This was the major highlight of the week which lead to the fall, with the recent [...]
Fundamental view: Bitcoin showed a mixed trend in the last week. The most significant development surrounding Bitcoin over the past week was the introduction of Bitcoin, Ether and Cryptocurrency MegaCap indexes by S&P Dow Jones Indices. Bitcoin and Ethereum may be the first cryptocurrencies to get their indexes listed in the traditional form, the firm’s global head of innovation, [...]
