The Bitcoin The price is rising again, dragging the rest of the crypto market with it.
The turnaround was triggered by Tesla boss Elon Musk, who tweeted on Sunday that the electric car manufacturer would start the Cryptocurrency again “if there is a confirmation of a reasonable (~ 50 percent) clean energy consumption by miners with a positive future trend”.
Positive news for Ethereum also helped raise its price on Monday (which is still rising today): Goldman Sachs announced plans to offer ether options.
The investment banking giant already offers options and futures trading in Bitcoin, but is now looking to expand to its closest competitor.
Here you can follow all the latest news, analysis and price predictions.
MicroStrategy plans to buy more bitcoins worth half a billion dollars
MicroStrategy will increase its extensive Bitcoin holdings after completing a $ 500 million offering of secured banknotes
The software company has nearly 100,000 bitcoins valued at nearly $ 4 billion – about four-fifths of the company’s market capitalization – making it by far the largest corporate investor in cryptocurrency. For comparison: Tesla holds around 43,000 bitcoins.
“MicroStrategy estimates that the net proceeds from the sale of the Notes and associated warranties, after deducting the initial buyer discounts and commissions, and the estimated offering costs payable by MicroStrategy, would be approximately Press release.
“MicroStrategy intends to use the net proceeds from the sale of the Notes to purchase additional bitcoins.”
Anthony CuthbertsonJune 15, 2021 8:51 am
Goldman Sachs expands crypto trading to Ethereum
Global banking giant Goldman Sachs plans to expand its cryptocurrency trading options beyond Bitcoin.
Mathew McDermott, Head of Digital Assets at Goldman Sachs, says the investment bank will offer options and futures trading in Ether – the digital currency that powers the Ethereum network and is the second most valuable cryptocurrency in the world after Bitcoin.
“We’ve actually seen a lot of interest from customers who like to trade as they find these levels a slightly more palatable entry point,” McDermott told Bloomberg.
“We see it as a clean-up exercise to reduce some of the leverage and excess in the system, especially from the retailer’s perspective.”
Anthony CuthbertsonJune 15, 2021 8:06 am
Billionaire hedge fund manager Paul Tudor Jones said he sees Bitcoin as an important way for investors to diversify their portfolios and ranks it next to gold in terms of overall allocation.
“I like bitcoin. Bitcoin is math, and math has been around for thousands of years, ”the head of the $ 44.6 billion Tudor Investment Corporation told CNBC’s Squawk Box.
“I like the idea of investing in something that is reliable, consistent, honest, and 100 percent secure. So Bitcoin appealed to me because it is a way for me to invest in security.
“The only thing I know for sure is that at this point I want 5 percent in gold, 5 percent in Bitcoin, 5 percent in cash, and 5 percent in commodities. I don’t know what I want to do with the other 80 percent, I want to wait and see what the Fed does. “
Anthony CuthbertsonJune 15, 2021 7:42 am
Bitcoin price rally boosts the crypto market
Good morning and welcome to The Independent ‘s Live coverage of the crypto market.
Bitcoin bounced back over $ 40,000 earlier this week, which helped rebound the rest of the market.
After a few volatile weeks, the leading cryptocurrency is now trading at its highest level since May, while Ethereum (Ether), Cardano (ada), Dogecoin and other leading digital currencies are all green on Tuesday morning.
Stay with us and we’ll bring you the latest news, analysis, and expert predictions from the crypto space.
Anthony CuthbertsonJune 15, 2021 7:29 AM