Leveraging blockchain technology, Holoride will create a premium in-car entertainment experience for content creators and users alike. Besides, the NFT integration will developers create specific utilities while retaining the value of their creations.
Both Sovryn and RSK network believe in the untapped potential power of Bitcoin, particularly in enabling the decentralized financial platforms through its huge market dominance.
According to Aya Kantorovich, head of institutional sales for FalconX, the over 30% spike in the price of Bitcoin within a few hours is a result of asset managers buying the current Bitcoin dip.
“Diamond Hands” is a popular meme by the “WallStreetBets” Reddit forum in reference to investors who believe that their investments will be eventually profitable and keep them holding even if the asset price drops.
BTC has once again tanked over 50% in high-volatile trading since its all-time high last month wiping off all the 2021 gains. However, the crypto has recovered back from its Wednesday low of $30,000.
In a report entitled “investment rationale for cryptocurrencies”, Wells Fargo mentioned that their decision was based on the stability and viability of crypto as an asset.
The series of events has pushed the global crypto market cap from the highest point of about $2.4 trillion in the past week to a low of $1.73 trillion.
The unique nature of crypto loans means that they carry a number of advantages over traditional forms of lending for both the lender and the borrower.
Markets are witnessing a selloff in Bitcoin and price appreciation in Digital Yuan due to funds shifting towards more stable cryptocurrencies backed by large nations.
Ark Invest’s Cathie Wood said that most of the Bitcoin transactions shall be controlled by renewable energy in the future. Besides, she is more bullish on the arrival of Bitcoin ETF post the price crash.
Currently, the market value of Tesla’s stake in Bitcoin is totaling approximately $1.26 billion, assuming the $2.48 billion value that was recorded at the end of last quarter has fallen by 49% as the trading value has done. TSLA stock was in red yesterday.
The purchase of BTC at a time that the crypto market is shedding huge losses shows that Justin Sun is bullish on the top coin.
Out of the over $3.8 billion worth of cryptocurrencies liquidated, $2.1 billion came from Bitcoin trades, $1.01 billion from Ethereum trades with $115.4 million coming from XRP trades.
A BlockFi spokesperson noted that fewer than 100 clients have erroneously been credited Bitcoin, and efforts to retrieve and prevent such errors in the future are ongoing.
The regulatory bodies came together to reiterate the crypto ban amid the high volatility of crypto resulting in losses among citizens.