#Bitcoin #crash #ethereum
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Dave's Daily Crypto Take
In this channel I will be providing you with news on a daily basis about cryptocurrency, bitcoin, blockchain, FIAT.
My main purpose is to share UNBIASED news and updates. Ultimately I learn and hopefully you learn while I go on this journey.
ARTICLES used in today's video:
https://ambcrypto.com/what-is-the-worst-case-scenraio-of-buying-ethereum-right-now/
What is the worst-case scenario of buying Ethereum right now?
There may be more traders shorting Ethereum at the time of writing, than accumulating. In the current bloodbath, Ethereum’s price is 11% below last week’s price level. The market capitalization has held steady at $243 Billion and the trade volume has dropped signaling an accumulation.
https://www.gobankingrates.com/investing/crypto/state-of-crypto-whats-driving-its-meteoric-rise-and-whos-really-investing-in-crypto-now/
State of Crypto: What’s Driving Its Meteoric Rise and Who’s Really Investing in Crypto Now
It seems like the world has been in a crypto state of mind in the past few months, and cryptocurrencies have become easier to access for the average investor via sleek trading apps. A new GOBankingRates survey found some unique insights into who is jumping into crypto, but first let’s look at some of the factors driving adoption.
https://ambcrypto.com/microstrategy-definitely-knows-how-and-when-to-buy-the-bitcoin-dip/
MicroStrategy definitely knows how and when to buy the Bitcoin dip
On Monday, Bitcoin opened at a value of $35,559, after which it slipped to $31,000. This posed a perfect opportunity for holders like MicroStrategy to add more Bitcoin. the firm announced an additional investment of ~$489 million. According to the CEO of the company, Michael Saylor, the company purchased 13,005 BTC at an average price of ~$37,617 per Bitcoin.
https://markets.businessinsider.com/currencies/news/jim-cramer-bitcoin-sold-almost-all-btc-china-crackdown-cyberattack-2021-6-1030540710
Jim Cramer says he sold nearly all his bitcoin and that the cryptocurrency isn't going back up because of structural reasons including regulation and cyberattacks
CNBC host Jim Cramer on Monday said he sold nearly all his bitcoin holdings amid various concerns surrounding the cryptocurrency.
"Sold almost all of my bitcoin," Cramer said during Monday's Squawk on the Street. "Don't need it.
The comment came two months after Cramer revealed he used bitcoin profits to pay off his mortgage.
While Cramer did not reveal exactly how much he owned, he said that he bought the digital currency when it was worth $12,000, the level bitcoin was trading at in 2019.
https://bitcoinist.com/over-3-metric-tons-of-bitcoin-mining-rigs-airlifted-out-of-china/
Over 3 Metric Tons Of Bitcoin Mining Rigs Airlifted Out Of China
Earlier today, a logistics firm confirmed to CNBC that it is airlifting 3,000kg of bitcoin mining machines to Maryland, USA. The firm which is located in Guangzhou is a logistics company that offers international shipping to door delivery.
This news comes in the wake of the China crackdown on bitcoin mining in the country. With mining farms in entire regions shut down. Laws are also being put in place to prevent new mining farms from being implemented. There has been a lot of speculation as to where the mining facilities would move to. Now it seems that the United States is the next destination for bitcoin mining.
https://decrypt.co/74066/ethereum-plunges-below-2000?utm_medium=referral&utm_campaign=feed&utm_source=flipboard
Ethereum Plunges Below $2,000
Ethereum has fallen below $2,000 for the first time in a month. HODLers hope that today’s pullback doesn’t signify the beginning of a longer-term bear market.
The world’s second-largest cryptocurrency by market capitalization has fallen briefly below $2,000 before it became accustomed to the price in April—once in mid-April and then again in mid-May—but each dip lasted mere hours.
https://www.cnet.com/news/bitcoin-dogecoin-and-ethereum-are-crashing-heres-why/
Bitcoin, Dogecoin and Ethereum are crashing. Here's why
One day you're on top of the world, making headlines for your upcoming appearance on SNL. Not long after, you're the laughing stock of the internet. That's the curse of DogeCoin which, along with Bitcoin, Ethereum and pretty much every other cryptocurrency, tumbled in value on Monday.
DogeCoin is down more than 30%, to 17.6 cents. That's a huge fall from its stratospheric high of 70 cents back in April. Bitcoin is at $31,500, a fall of just over 10%, while Ethereum has crumbled 15%. Ether's fall has affected thousands of altcoins, most of which are built off the Ethereum blockchain and have a chunk of their value weighted in Ether coins. The entire market is down 12%, according to CoinBase.
https://alternative.me/crypto/fear-and-greed-index/
https://coinmarketcap.com/
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DISCLAIMER: I will never give any financial advice. And my channel is not considered official Financial Advice. Please do your research before purchasing any cryptocurrency.
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Dave
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