Bitcoin’s Sudden Drop and Market Reactions: A Recap
On the night of August 17, the price of the first cryptocurrency fell about 8% in just ten minutes, dropping to $25,409. Now the bitcoin exchange rate has risen slightly to $26,493. According to Coinglass data, more than 175,000 market participants have liquidated positions worth more than $1 bil ...
Technical Analysis of Dogecoin: Potential Bullish Breakout from Descending Channel
Dogecoin is trading near the resistance line of the descending parallel channel. A bullish break out of it could trigger a rapid rise in DOGE Earlier this week, the popular meme coin Dogecoin (DOGE) was in the spotlight amid news that Tesla and SpaceX founder Elon Musk asked a US court to dismiss ...
Elon Musk’s Lawyers Seek Dismissal of $258 Billion DOGE Lawsuit
Lawyers representing Elon Musk, the CEO of both Tesla and SpaceX, are seeking the dismissal of a $258 billion lawsuit filed against him in 2022 by a Dogecoin investor. Keith Johnson, the investor, accused Musk of engaging in a fraudulent scheme involving Dogecoin and falsely representing the cryp ...
LunarCrush Plans to Send 62 BTC to the Moon with SpaceX Rocket
LunarCrush, a cryptocurrency firm, has revealed plans to send 62 BTC, codenamed Nakamoto 1, to the moon via a rocket that will contain a private key to a crypto wallet. The bitcoin stash will be available to the first person who lands on the moon, and the key will be engraved on the Lunar Outpost ...
Elon Musk Admits to Boosting Dogecoin’s Value with a Tweet
On February 22, the CEO of Twitter, Tesla, and SpaceX, Elon Musk, made a short post on Twitter about a dog that significantly increased the value of the meme cryptocurrency, Dogecoin. Within half an hour of Musk's tweet, the value of DOGE rose by 7%, and there was a weekly increase of almost 2%. ...