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It has been an interesting week to say the least, not just in the crypto market but on Wall Street as well. We have seen a simple change to Elon Musks Twitter Profile sendi the price of Bitcoin back up to the $38,000 level. Robinhood trading app shutting down trading as GameStop stock went parabolic. The same trend that sent GameStop stock soaring also reached out and touched Dogecoin, sending its price up over 625% the past 7 days.
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Tesla and SpaceX CEO Elon Musk made headlines overnight after updating his Twitter bio to include the Bitcoin hashtag. The endorsement led to a an instant surge in Bitcoin’s price, with the asset jumping from the $32,000 level to over $35,000 over the span of 15 minutes. Not everyone made money, however. Data from analytics site Bybt shows that the …
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Dogecoin, the meme cryptocurrency, has seen a flurry of activity in the past 24 hours after attention was thrown to the coin by the now-infamous Reddit group responsible for pumping the share price of GameStop. Dogecoin’s Twitter volume, the number of daily tweets versus the 30-day average, skyrocketed 1,787% on Thursday. In total, there were 89,991 tweets about DOGE over a 24-hour …
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Bitcoin witnessed a sudden double-digit spike on Friday, jumping to $37,050 -- its highest level since Jan. 19. The 15.7% rise happened in less than 15 minutes and more than reversed the early dip from $34,400 to $32,000. While the exact reason for the bullish move is unclear. Many have speculated that the prices surged after Tesla and SpaceX CEO …
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A report using data from the China Judgment Document Network (CJDN). Says that as many as 872 lawsuits related to cryptocurrencies were filed in the country last year. Approximately 20% more than in 2019. The province of Guangdong had the most with 106. Zhejiang was right behind with 103, and Sichaun had the third most with 54. Furthermore, the CJDN …
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Stockbroker service Robinhood has shut down the buying feature for GameStop among a number of other hot stocks on its app. GameStop's stock saw a massive rise after millions of individual retail investors bought the stock in an attempt to squeeze hedge fund investors planning to short it. The stock itself started at $64 on Monday and had risen to …
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