Trustswap (SWAP-USD) Cryptocurrency is currently on bearish momentum by 18.67% in the last 24 hours. At 14:20 EST on Saturday, 15 May, Trustswap (SWAP-USD) is at $2.65.
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News about Bitcoin
Bitcoin (btc) plunges on Tesla Bitcoin suspension, aud/usd spars USD strength. According to DailyFX on Wednesday, 12 May, "Mr Musk noted the environmental impact, saying "We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel." Tesla’s stock was down just over 1% in after-hours.", "Early Thursday - several hours after the New York closing bell - Bitcoin made a sudden and sharp drop. "
Bitcoin isn’t behaving as an inflation hedge. its move still makes sense. According to Bloomberg Quint on Wednesday, 12 May, "Of course, gold, highly speculative tech, and Bitcoin all have something in common, which is that they don’t generate cash flow in the here and now. ", "In addition to Bitcoin selling off, we’re seeing tech get hammered (down 2%) and the real speculative stuff like the ARKK exchange-traded fund down over 3%. "
Jack dorsey says Bitcoin changes everything ‘for the better’. According to Bloomberg Quint on Friday, 14 May, "Square Inc. Chief Executive Officer Jack Dorsey said Friday that the payment processing company would "forever work" to make Bitcoin better.", "Financial News had earlier cited Ahuja as saying that Square has has halted its Bitcoin purchases after a $20 million loss in the coin last quarter."
Billionaire’s Bitcoin dream shapes his business empire in Norway. According to Bloomberg Quint on Saturday, 15 May, "Kjell Inge Rokke, who started out as a fisherman to build a roughly $5 billion fortune in Norway’s offshore industry, has already revealed his belief that Bitcoin will be "on the right side of history." Now Aker ASA, Rokke’s industrial investment company, says it’s open to the idea of accepting payment in the cryptocurrency.", "Though he underpinned his belief that cryptocurrencies still have a future, Musk’s comments this week triggered a sudden Bitcoin selloff. "
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