Elon Musk’s electric car company, Tesla, has maintained its bitcoin holdings. The company’s Q1 balance sheet shows net digital assets of $ 184 million. According to crypto analytics firm Arkham, Tesla continues to hold onto its 11,509 bitcoins, which have a market value of over $ 745 million. Tesla Holding Onto Its Bitcoin …
Bitcoin Technical Analysis: BTC Resilience Maintains Amidst a Balanced Crypto Market
Bitcoin’s price continues to demonstrate resilience in the face of market fluctuations, settling at $ 42,902 to $ 43,091 within the last hour, with a modest uptick of 0.4% in the last 24 hours. This week’s growth of 0.7%, coupled with a 6.8% increase over the past two weeks, highlights the ongoing range-bound …
Fed Maintains Interest Rates, Seeks ‘Greater Confidence’ on Inflation Goal; Bitcoin and Gold Hold Steady
On Wednesday, Jan. 31, 2023, the U.S. Federal Reserve opted to maintain the federal funds rate unchanged. The Federal Open Market Committee (FOMC) additionally stated that the committee “does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation” is steadily approaching the 2% mark. As […]
Tesla Maintains Bitcoin Holdings — $184M in Digital Assets Shown on Balance Sheet
Elon Musk’s electric car company, Tesla, has maintained its bitcoin holdings. The company’s balance sheet for Q4 2023 shows net digital assets of $ 184 million. Musk is convinced that in the long term, Tesla will be the most valuable company on earth. The billionaire recently disclosed that another of his companies, Spacex, also …
Weekly NFT Sales Record Minor Ebb While Bitcoin Maintains Dominance
According to recent data, sales of non-fungible tokens (NFTs) over the last week declined by 1.31% to $ 308.23 million, a decrease of $ 4.09 million from the prior week’s $ 312.32 million. NFTs centered around Bitcoin remained at the forefront among 21 distinct blockchain networks, experiencing a 4.10% uptick in sales …