Tesla’s quarterly filing with the U.S. Securities and Exchange Commission (SEC) shows that the company’s bitcoins are now worth $2.48 billion, a substantial increase from the initial investment of $1.5 billion. This is also after the electric car company sold some bitcoins to “prove liquidity.”

SEC Filing Shows Tesla Sitting on Bitcoins Worth $2.48 Billion

Elon Musk’s electric car company, Tesla Inc. (TSLA.O), revealed the value of its bitcoin holdings in its quarterly report filed with SEC on Tuesday.

Tesla explained in the filing that it purchased “an aggregate of $1.5 billion in digital assets, comprised solely of bitcoin” during the three months ended M ... Read more »

Category: News | Views: 222 | Added by: 4zvezda | Date: 28.04.2021 | Comments (0)

To much surprise, Elon Musk will be hosting Saturday Night Live this upcoming May 8th, marking one of very few CEOs to ever do so. His appearance is also a potential opportunity for Bitcoin and Dogecoin to get some airtime on a grand stage.

Here’s what the Tesla and Space X CEO’s appearance on SNL in May might mean for the cryptocurrency market.

Live From New York It’s Saturday Night!
The outspoken and eccentric Tesla CEO and Dogecoin spiritual frontman Elon Musk will be hosting the decade’s-running NBC late-night TV show Saturday Night Live, produced by Lorne Michaels. The show has featured some of Hollywood’s biggest names, the most famous athletes, musicians and more.

Recurring roles on the show have included the likes of Will Ferrell, Eddie Murphy, Adam Sandler, Jimmy Fallon, Amy Poh ... Read more »

Category: News | Views: 158 | Added by: danyagames2007 | Date: 28.04.2021 | Comments (0)

Rumors mills are rife about Facebook announcing their Bitcoin holdings in the upcoming Q1 Earning call scheduled for later today. Many crypto proponents have claimed that Facebook might become the latest Fortune-500 company to invest in Bitcoin and might reveal it during their upcoming Q1 earnings call. The alleged report started to circulate soon after Tesla revealed it has sold 10% of its Bitcoin holdings for $272 million.

Many others also claimed that the Bitcoin purchase might have belonged to Japan’s biggest video game company Nexon who earlier today revealed a $100 million Bitcoin purchase. MicroStrategy and Tesla started the trend and many more publically listed companies joined in to replace US Dollar as the treasury r ... Read more »

Category: News | Views: 138 | Added by: danyagames2007 | Date: 28.04.2021 | Comments (0)

Cycles exist in all markets. The researcher simply needs enough data to compute meaningful cycles. The first attempts at computing cryptocurrency cycles were not successful because insufficient data produced unstable cycles. Over the past few months, the cycles have become more consistent.  

The first graph is a monthly histogram depicting the price behavior of the Grayscale Bitcoin Trust (GBTC). We can see that the month of May has been the strongest in this short six-year history. Bitcoin has risen in four of the five years for an average 63.1% gain or an expected return of 50.5%. This strong month has been followed by four months of seasonal weakness.

Sourse: forbes.com

... Read more »

Category: News | Views: 192 | Added by: danyagames2007 | Date: 28.04.2021 | Comments (0)

However, BTC was rejected by a short-term resistance level just shy of $56,000. 

BTC resumes bounce
BTC has resumed the bounce from April 26. The bounce began at a confluence of Fib support levels between $46,900-$47,725. The area is created by the 0.5 long-term Fib (orange) and 0.786 short-term Fib (black). 

So far, it has reached a local high of $55,738. 

An interesting development is the bullish reversal signal in the MACD. 

Despite this, the RSI and Stochastic oscillator are still bearish.

The shorter-term chart is showing weakness. 

Firstly, the price was rejected as soon as it reached the 0.5 Fib retracement resistance at $55,565 (black). 

Furt ... Read more »

Category: News | Views: 100 | Added by: danyagames2007 | Date: 28.04.2021 | Comments (0)