What were investors thinking as the Bitcoin price slipped under $30,000?BTC $30,592 (-4.8%) • ETH $1259 (-7%) • DOT $15.67 (-7.2%)
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Author: Nick Chong Bitcoin’s price slipped under $30,000 a few hours ago as selling pressure began to pick up across top exchanges. This came after BTC attempted to push past the $33,000-34,000 resistance region on Monday. The cryptocurrency has since bounced after slipping under $30,000, bottoming in the $29,500 range that Bitcoin bottomed over seven days ago. Ad 📈 Buy 80+ Different Coins at True Cost. No fees, No markups. 🔥 Trending Sectors
More news ⏬What venture capitalists look for in crypto startups and entrepreneursWhilst investigating potential investments, I look at the team, its background, and skill set. Bitcoin bull Mike Novogratz: GameStop (GME) rally is an “endorsement of DeFi”If you’ve been following the news at all over the past week, you know of the story of GameStop. Early Bitcoin advocate Chamath Palihapitiya to contest for California governorThe star money manager made a big Bitcoin bet back when the project was in its nascency. Bitcoin drops below $30k with $450 million in futures liquidated—what’s next?The cryptocurrency market saw over $450 million worth of futures contract positions liquidated in the last 24 hours. New class-action lawsuit against Ripple (XRP) filed in FloridaFlorida resident Tyler Toomey has filed a class-action lawsuit against Ripple Labs, the blockchain-focused firm behind XRP cryptocurrency, alleging that the company violated the state’s securities laws by selling its tokens. The fourth industrial revolution and cryptoCryptocurrency will be a major piece of technology in the so-called ‘Fourth Industrial Revolution’, also called ‘The Great Reset.’ The World Economic Forum (WEF) foresees it benefiting supply chains. Binance CEO: We’re in the early stages of a multi-year crypto bull cycleBinance CEO Changpeng Zhao (CZ) predicts this current crypto bull cycle may run up until 2024. Stably CEO Kory Hoang explains how first-timers should buy Bitcoin (and where stablecoins are headed)
2020 was the year of decentralized finance. It saw the rise of hundreds of DeFi apps, yield-farming tools, algorithmic stablecoins, and several other avenues revolving around one major theme: How to put one’s passive crypto holdings to generate even more crypto? Control your wealthAd: A trusted and accessible wealth management ecosystem powered by blockchain technology, SwissBorg puts your wealth back in your hands. 🗞 Got a story tip? Email tips@cryptoslate.com Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to the content within this article.
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