Bitcoin hits 3-month low and then rallies on Elon Musk tweets
Musk has boosted crypto markets with his enthusiasm for the asset class but has lately roiled trade by appearing to cool on bitcoin in favour of its one-time parody, dogecoin. The gyrations are beginning to spook even steeled traders. Bitcoin fell more than 9% on Monday to as low as $42,185, its lowest since Feb. 8, but rallied back to around $45,190 as of 0911 GMT.
May 17, 2021, 17:34 PM IST
Surprising! Elon Musk may create his own cryptocurrency soon
Musk has announced not to use the popular cryptocurrency Bitcoin as a payment mode to buy its electric vehicles, citing environmental harm. Musk said that the electric car maker will not sell any bitcoin and intends to use bitcoin for transactions as soon as mining moves to more sustainable energy.
May 16, 2021, 19:28 PM IST
How murky legal rules allow Tesla's Elon Musk to keep moving markets
Dogecoin had an even wilder ride this week, first spiralling downward after Musk called it "a hustle" during the US "Saturday Night Live" TV show. Hours later, it jumped when Musk announced his commercial rocket company SpaceX would accept it for payment.
May 15, 2021, 16:59 PM IST
Elon Musk on crypto: to the mooooonnn! And back again
Bitcoin`s price tumbled after Elon Musk said on Wednesday his electric car maker Tesla Inc would no longer accept the cryptocurrency for purchases, citing environmental concerns for the reversal. Here are some of Musk`s comments on bitcoin and other cryptocurrencies like Ether and Dogecoin.
May 14, 2021, 22:48 PM IST
Elon Musk tweets, doge leaps and bitcoin retreats
Yet in an equally surprising U-turn he dented the world`s biggest cryptocurrency this week after announcing Tesla stopped accepting bitcoin in payment owing to environmental concerns, making investors uneasy about Musk`s influence on crypto prices. Bitcoin is down nearly 15% this week at $49,804.
May 14, 2021, 20:47 PM IST
''Do you want Tesla to accept Doge?'' Elon Musk asks Twitter users
In March, Musk said US customers could purchase Tesla vehicles with bitcoin, marking a significant step forward for the cryptocurrency`s use in commerce. The electric-car maker had bought $1.5 billion worth of bitcoin earlier this year, propelling its prices to record highs.
May 11, 2021, 19:07 PM IST
Dogecoin tumbles after Elon Musk calls it a ‘hustle’ on ‘SNL’ show
The billionaire Tesla Inc chief executive hosted the show at 11:30 p.m. EDT on Saturday (0330 GMT on Sunday). Cryptocurrency enthusiasts had for days been eager to see what he would say, after his tweets this year turned the once-obscure digital currency into a speculator`s dream.
May 09, 2021, 16:39 PM IST
Dogecoin in spotlight as cryptocurrency backer Elon Musk makes ''SNL'' appearance
On crypto data tracker CoinGecko.com, dogecoin has jumped more than 800% over the last month and is now the fourth-largest digital currency, with a market capitalization of $81 billion. It was last up nearly 14% on the day at $0.62.
May 08, 2021, 16:11 PM IST
Dogecoin jumps over 50%, crashes Robinhood, WazirX
Dogecoin was founded in 2013, based on a wildly popular ‘doge’ meme.
May 05, 2021, 16:47 PM IST
Bitcoin tumbles 8.5% intraday, biggest fall since February, should you buy it?
Other cryptocurrencies were also feeling the pinch of the plunge that may have been caused due to the US Treasury’s speculated crackdown on money laundering via digital assets.
Apr 18, 2021, 15:47 PM IST
Elon Musk’s meme cryptocurrency Dogecoin records the highest jump
Dogecoin’s memes also became the laughing stock on the internet recently and now the market cap of the ‘memecoin’ has now crossed $14 billion. A report revealed that the cryptocurrency increased to nearly 1,900 percent since the start of 2021 and it has seen a surge of 117.47 percent during the same period.
Apr 17, 2021, 11:34 AM IST
Bitcoin heads for worst week since March, slumps 6 per cent
The world's biggest cryptocurrency slumped as low as $44,451 before recovering most of its losses. It was the last trading down 1.2 per cent at $46,525, on course for a drop of almost 20 per cent this week, which would be its heaviest weekly loss since March last year.
Feb 26, 2021, 17:23 PM IST
Elon Musk surpasses Jeff Bezos to become the richest person in the world after SpaceX funding
As per the Bloomberg Billionaires Index, the Tesla chief executive officer's wealth rose to $199.9 billion after the rocket company he founded completed another funding round. Musk’s space startup, SpaceX, raised $850 million in fresh funding this month from a group of investors led by Sequoia Capital.
Feb 20, 2021, 20:40 PM IST
Elon Musk warns investors against spending lifetime savings in cryptocurrency
The video was released just a day before the Tesla made its bitcoin investment public on Sunday (February 7). Elon Musk was in West Hollywood and his fans asked him for an autograph and thus asked questions about investing in cryptocurrency, as reported by ABC.
Feb 18, 2021, 17:15 PM IST
Elon Musk buys Dogecoin for his baby, sparks 16% surge in currency
Similar to bitcoin, Dogecoin is a digital coin that is mainly used for e-transactions and its meme has a picture of the shiba inu on it. Invented by software engineers Billy Markus and Jackson Palmer in 2013, the price of Dogecoin saw a mammoth rise after Reddit traders targeted it.
Feb 11, 2021, 22:07 PM IST
Elon Musk back on Twitter and here's why his tweet pushes Dogecoin 50% higher
Actually, after the billionaire entrepreneur was back again on Twitter, he tweeted his support for cryptocurrency Dogecoin. According to data on blockchain and cryptocurrency website Coindesk, Dogecoin jumped to $0.05798. Elon Musk shared a series of tweets on Dogecoin.
Feb 04, 2021, 15:57 PM IST
Dogecoin pips popular Bitcoin: Know how it started as a joke but is dominating cryptocurrency market now
After the rise, it became a meme fest on the internet and the memes surged almost as much as the price of the cryptocurrency did. One user said, "Me dreaming of my #dogecoin hitting $1 while I sleep tonight." Another wrote, "Buy #dogecoin and achieve financial independence by the end of the day."
Jan 29, 2021, 21:19 PM IST
Bitcoin club loses steam; market value tanks over $5-bn
The value of many popular virtual currencies including Bitcoin, Ripple, Dogecoin and Litecoin has crashed by 50-60 per cent from their peaks early in 2014
Nov 16, 2014, 12:49 PM IST
