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Why Elon Musk's bitcoin U-turn caused a crypto - CBS News

<h1 style="clear:both" id="content-section-0">9 Easy Facts About CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Explained<br></h1>
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<p class="p__0">Bitcoin supporters see it as a strong show of faith for the cryptocurrency, while shareholders appear less persuaded. The software application company's share cost dropped 8 percent on Monday following the news. The financial investment is also down more than $60 million considering that the time it was made and the time it was announced due to the present market decline.</p>
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<p class="p__1">Anthony Cuthbertson21 June 2021 16:21 Micro, Method buys another half a billion dollars worth of bitcoin, Micro, Strategy CEO Michael Saylor states his firm has actually tilled another huge chunk of cash into bitcoin. An additional 13,005 bitcoins takes the software company's total holdings above 100,000, reinforcing its position as the largest corporate financier into the cryptocurrency, ahead of Tesla.</p>
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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://static.independent.co.uk/2021/06/21/08/bitcoin%20price%20crash%20live%202021.jpg? <a href=" https: thedailytradingnews.com aud-usd-and-nzd-usd-fundamental-weekly-forecast-us-economic-data-powells-testimony-sets-the-tone-2 ">Learn More Here =640&amp;auto=webp&amp;quality=75" alt="Cryptocurrency Latest News Today: Bitcoin tests 25 lakh-mark; Ethereum, Polka Dot, Dogecoin trade in red too—Also check Father's Day wishes for Elon Musk and other top updates - Zee Business"/&gt;<span style="display:none" itemprop="caption">Cryptocurrencies Live Market APP by Prototypes - CodeCanyon</span>
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<p class="p__2">Bitcoin would need to fall below $26,000 for Micro, Strategy to be at a net loss for all its holdings."Since 21 June, 2021, Micro, Technique holds an aggregate of around 105,085 bitcoins, which were gotten at an aggregate purchase rate of roughly $2. 741 billion and a typical purchase price of roughly $26,080 per bitcoin, inclusive of fees and expenses," the business mentioned in a news release.</p>
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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://cdn-images-1.medium.com/max/1600/1*gw8FzXhYqxDczVCZFIWuYg.jpeg" alt="Cryptocurrency news today June 11: Bitcoin at Rs 28,60,224—check Ethereum, Tether, Shiba Inu and Dogecoin INR price movement - Zee Business"><span style="display:none" itemprop="caption">Bitcoin plummets by the most since March as a stronger dollar and investor nerves strip off nearly $140 billion in cryptocurrency market cap - Currency News - Financial and Business News - Markets Insider</span>
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<h1 style="clear:both" id="content-section-1">Unknown Facts About Cryptocurrency Market News - Bitcoin and Altcoins News<br></h1>
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<p class="p__3">The head-and-shoulders pattern that started to form back in January is nearing the end of the second neck line, implying the next market motions might prove important to bitcoin's future trajectory."Completion would be red arrow. Failure green arrow," he composed in late Might. The left shoulder found resistance at around $30,000, which is where we are currently heading.</p>
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<p class="p__4">Distinguished bitcoin cost expert Strategy, B stays firmly bullish on the cryptocurrency's future, sticking by his Stock-to-Flow Design that charts the rate versus its in-built scarcity. (You can find out more about that design here). The pseudonymous Dutch professional declares the current crash was triggered by "FUD" (fear, unpredictability and doubt) produced by unfavorable news within the crypto space, however this might turn-around in the second half of 2021.</p>
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<p class="p__5">Anthony Cuthbertson21 June 2021 12:51 Billionaire states he feels it's 'still early' for crypto, Billionaire investor Steve Cohen states he has actually done a "deep dive" into cryptocurrency and is now "completely transformed". The CEO of asset management firm Point72, which has more than $20 billion in AUM, said in an interview that his interest is focussed on the blockchain technology foundation bitcoin."I'm enthusiastic that we will be able to begin building something within Point72 ...</p>
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