Elon Musk pumps Dogecoin amid lawsuit

  • TechCrunch

    Bitcoin falls below $20,000 and Ethereum sinks past $1,000 as crypto market free fall continues

    The crypto market suffered one of its most dramatic selloffs in years this week as the prices of top cryptocurrencies declined as much as 35% week-over-week as fears of a broad economic recession intensified. On Saturday, the total global market cap of cryptocurrencies sank below $850 billion as top tokens tumbled. Ethereum is trading at half of where it was one month ago, falling below the $1,000 price barrier which it has traded above since January of 2021.

  • TheStreet.com

    Elon Musk Says He Is Buying the Crypto Dip

    Now, will this be enough to stabilize prices, the next few hours will tell, but there are still many questions, especially about the solvency of many crypto projects and firms. Elon Musk, the CEO of Tesla , and one of the biggest influencers in the world gave his support on June 19 to the crypto industry and more particularly to the meme coin Dogecoin. “I will keep supporting Dogecoin,” Musk tweeted to his nearly 99 million followers on June 19.

  • Forkast News

    Binance didn’t buy US$2B worth of Bitcoin, founder Changpeng Zhao says

    Binance did not buy US$2 billion worth of Bitcoin as reported by media over the weekend, its founder and chief executive officer Changpeng Zhao said on Monday in a tweet. See related article: Bitcoin recovers above US$20K after weekend slump Fast facts At least two news sites reported that Binance had bought the dip and […]

  • TheStreet.com

    Elon Musk Attacks a Chinese Giant

    Elon Musk believes that the list of his enemies is short. In any case, that’s what he said on the microblogging site Twitter on June 4. If we take the top five richest people in the world as of June 17 per Bloomberg Billionaires Index, Musk has almost already had public bickering with at least two of them.

  • Bloomberg

    Bitcoin’s Struggle to Hold $20,000 Keeps Crypto Market on Edge

    (Bloomberg) — Bitcoin struggled to hold above the closely-watched $20,000 level, extending a period of marked volatility that saw huge weekend swings.Most Read from BloombergPutin Gets Unexpected Pushback From Ally Over War in UkrainePutin May Win in Ukraine, But the Real War Is Just StartingBitcoin, Ether Bounce Off Lows After Record-Breaking RoutGiant Cruise Ship’s Maiden Voyage May Be to a ScrapyardFed’s Inflation Battle to Strip Workers of Rare Bargaining PowerThe largest cryptocurrency fel

  • TechCrunch

    Iran to cut electricity to authorized crypto miners: report

    Iran’s relationship with the crypto mining sector is a love-hate one. The government is again restricting crypto mining activity as it tries to ease the strain on the country’s power supply, despite knowing the promise of crypto as a way to evade international sanctions. Electricity to all 118 government-authorized mining operators in Iran will be cut off from June 22 ahead of seasonal spikes in power demand, Mostafa Rajabi Mashhadi, spokesman for Iran’s power industry said in an interview with state TV, per a Bloomberg report.

  • The Hill

    Zelensky praises Ukrainian fathers who ‘protect and defend the most precious’

    Ukrainian President Volodymyr Zelensky expressed gratitude for Ukrainian fathers fighting in the war against Russia in a Father’s Day post on social media. “Being a father is a great responsibility and a great happiness,” Zelensky said in his Sunday post on Instagram. “It is strength, wisdom, motivation to go forward and not to give up,”…

  • AccuWeather

    Western monsoon to bring beneficial rain, flooding risk

    After rounds of rain led to major, destructive flooding in Yellowstone National Park last week, AccuWeather forecasters say a surge of tropical moisture will bring more rain chances to much of the Intermountain West. While much of the region will find this rain beneficial, some may find that too much of a good thing can lead to serious impacts. The surge of moisture that will continue to impact portions of the West early this week is known as the North American monsoon. Moisture from the monsoon

  • Forkast News

    Bitcoin recovers above US$20K after weekend slump

    Bitcoin’s price recovered above the US$20,000 mark Monday morning in Asia after falling to as low as US$17,708 on Sunday — its lowest point since December 2020 — according to CoinMarketCap. See related article: Bitcoin, Ether recover as Fed guidance reduces policy uncertainty Fast facts The world’s largest cryptocurrency gained more than 7% in the […]

  • Associated Press

    Bitcoin drops below $20,000 as crypto selloff quickens

    Bitcoin fell below the psychologically important threshold of $20,000 on Saturday for the first time since late 2020, in a fresh sign that the selloff in cryptocurrencies is deepening. The price of the most popular cryptocurrency had plunged as much as 9.7% to less than $18,600 by late afternoon on the East Coast, according to the cryptocurrency news site CoinDesk. The last time bitcoin was at that level was in November 2020, when it was on its way up to an all-time high of nearly $69,000, according to CoinDesk.

  • Reuters

    Bitcoin slides below $20,000 to lowest level in 18 months

    The digital currency sector has been pummeled this week after cryptocurrency lending company Celsius froze withdrawals and transfers between accounts, while crypto companies started laying off employees. The accelerated pace and depth of bitcoin losses in conjunction with the stocks rout could challenge support for the cryptocurrency from a range of investor groups. While some institutions purchased bitcoin hoping it would offset declines in stocks and bonds, “it hasn’t demonstrated that it is an uncorrelated asset,” said Michael Purves, founder and chief executive officer of Tallbacken Capital.

  • Reuters

    Crypto industry gripped by anxiety as bitcoin wobbles near key $20,000 level

    The cryptocurrency industry was on edge on Monday morning as investors feared contagion from problems at major crypto players could unleash a major shakeout if not contained. The price fall follows difficulties at several major industry players, while further declines could have a knock on effect as other crypto investors are forced to sell their holdings to meet margin calls and cover losses. U.S. based lender Celsius Network earlier this month said it would suspend withdrawals, and many of the industry’s recent problems can be traced back to the spectacular collapse of so-called stablecoin TerraUSD in May.

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