Bitcoin skyrockets after blood-red day

Bitcoin skyrockets after blood-red day

The value of crypto coin bitcoin shot up again tonight, with the coin briefly rising above $ 40,000 (about EUR 32,600). The nearly one-third increase in value in a short space of time followed a dive of more than 30 percent earlier in the day.

The coin rose again in value following comments from outspoken advocates of digital currencies. The uproar sparked a tweet from Tesla CEO Elon Musk implying that Tesla was not one of the sellers of bitcoin. Justin Sun, a tech entrepreneur who founded crypto platform Tron, tweeted that he bought $152 million (€124 million) in bitcoin for about $37,000 per coin.

Cryptocurrency Prices by Coinlib

The extreme price fluctuations of cryptos, which are known for this, also caused turmoil in the stock markets today.https://folm.io/ has enough information. Crypto companies and tech funds, in particular, went down on Wall Street in the wake of bitcoin and other cryptos. The gauges in New York made up for some of the previous losses during the session.

China

The value of bitcoin and other cryptocurrencies such as ethereum fell sharply earlier in the day after the Chinese central bank reiterated that cryptocurrencies cannot be used to pay. The Chinese government has already banned financial and payment companies from providing services related to digital currency transactions. The Chinese central bank also warned against speculative trading in cryptocurrencies.

The price of bitcoin also fell sharply last week after Elon Musk announced that his company Tesla will stop accepting payments in bitcoin for environmental reasons. https://moveco.io/has enough information. In February, Tesla announced that it would become possible to pay with bitcoins at the American car company. It was also announced at the time that Tesla had made an investment of 1.5 billion dollars (1.23 billion euros) in bitcoins.

Ethereum Price Predictions: How High Will ETH Go After Elon’s Boost?

Ethereum Price Predictions: How High Will ETH Go After Elon’s Boost?

Elon Musk gave Ethereum its crypto token and things are looking good for the coin. Yesterday was a pretty big day for Ethereum (CCC:ETH-USD), even if it didn’t look like it. The coin, which is the second largest market share behind the almighty Bitcoin (CCC:BTC-USD), is getting support from possibly the biggest influencer in crypto. And with Ethereum poised for a breakout just after the crypto market recovery, how high will the Ethereum price predictions go?

A coin with the Ethreum logo on top of a financial document

After being pulverized over the past month, the entire asset class was extremely low. Bitcoin briefly erased all of its gains in 2021, and Dogecoin (CCC:DOGE-USD) continued its decline from its high of 73 cents to 16 cents. Ethereum is down more than $2,300 from its all-time high earlier in the year. However, the tides are changing and the ‘B Word’ conference has a lot to do with cryptocurrency recovery. Chainlink LINK price has risen.

Ethereum holders in particular can thank Elon Musk. The CEO of Tesla (NASDAQ:TSLA) is typically an altcoin promoter, who cryptically tweets about Dogecoin, Shiba Inu (CCC:SHIB-USD) or even Baby Doge (CCC:BABYDOGE-USD). However, yesterday we saw Elon Musk open up about regular coins. The billionaire revealed his own personal commitment to Ethereum through his conversation with Twitter (NYSE:TWTR) CEO Jack Dorsey.

Elon owns ETH. What does that mean for Ethereum price predictions?

The conversation between Musk and Dorsey, where Elon got poetic about Ethereum and Bitcoin, preceded a healthy 10% boost for the ETH coin. The good times seem to be slowly but surely coming back; the boost continues into today as well, with ETH moving another 1.5%.

Could Elon Musk’s ETH pump be just what the coin needed to break out of its bearish valley? Will ETH break out soon and return to its all-time high? Let’s see what the Ethereum price predictions have to say. Uniswap price has risen.

WalletInvestor predicts a bullish 12 months for Ethereum in the future. Their July 2022 forecast suggests a price of $3,943. The Economy Forecast Agency is forecasting only paltry gains for the ETH coin until the end of 2021. In December, the outlet believes Ethereum will rise to just $2,546.

DigitalCoin predicts slightly more bullish gains, giving Ethereum a forecast of $2,830 by the end of 2021. Coin Price Forecast suggests a $3,160 price for Ethereum by the end of the year.