Bitcoin Price – Live: Crypto Market ‘Time Bomb’ As Rumors Hint Of Apple Investment

Elon Musk tweeted about dogecoin again.

Tesla CEO joked that electric cars could mine for dogecoins every time they spot a Shiba Inu dog with its built-in cameras.

“Maybe so [Tesla Vision] sees a Shiba Inu, the car returns a dogecoin ”, he wrote.

British police seized £ 294million ($ 408million) in cryptocurrency as part of a money laundering investigation.

The transport, which the Met Police said is breaking a record size, was an unspecified crypto. Details of how he was seized have not yet been released.

Metropolitan Police Assistant Deputy Commissioner Graham McNulty said: “While cash remains king in the criminal world, as digital platforms develop we are seeing more and more organized criminals using the internet. cryptocurrency to launder their dirty money.

We will have more of this story as it develops.

Rumors are currently spreading online that Apple has invested heavily in bitcoin.

Forums and social media are teeming with claims that the tech giant will announce a $ 2 billion cryptocurrency purchase today, although at this point these are just rumors.

It would make sense for Apple to put its vast cash reserves in bitcoin, the same way Tesla did, but it would still be a risky decision. With nearly $ 200 billion in cash at the last quarterly report, $ 2 billion is believed to be just 1% of the iPhone maker’s holdings. If this is true, you would imagine that the price of bitcoin would receive a similar increase to Elon Musk’s announcement of Tesla’s crypto investment.

We’ve reached out to Apple for comment.

All of the most valuable cryptocurrencies by market cap are on the slide right now.

In the past 24 hours, not a single one has seen a price increase, with Ethereum (ether) taking the biggest losses, according to the CoinMarketCap index.

Week over week, only Binance Coin saw its price rise, while dogecoin saw the biggest drop of over 10%.

Despite the market downturn, bitcoin’s losses remain relatively insignificant compared to the volatility it experienced in the first half of 2021, and it continues to trade in the narrow band it has been in since late June.

An Argentine congressman submitted a bill that would allow workers to receive their wages in bitcoin.

José Luis Ramón said: The idea is that they can strengthen their autonomy and retain the purchasing power of their remuneration.

Michael Saylor, CEO of MicroStrategy, noted that Argentina’s exchange rate against the dollar has “gone from 15 to 174 in five years.”

He added, “That means $ 100 saved in ARS would be worth $ 8.62 today. If it were registered in BTC, it would now be worth $ 5,270. Bitcoin is hope for Argentina.

Apple co-founder Steve Wozniak started his own cryptocurrency and described bitcoin as better than gold.

Launching his new WOZX token at the Talent Land Jalisco 2021 technology conference, Wozniak said, “Gold is limited and you have to look for it; Bitcoin is the most amazing mathematical miracle. I don’t invest in bitcoin, but I believe in it for the future.

You can read the full story here.

US Senator Pat Toomey has disclosed tens of thousands of dollars in cryptocurrency investments.

Public records reveal that the Pennsylvania Republican has invested up to $ 30,000 in Grayscale Ethereum Trust and Grayscale Bitcoin Trust.

Last month, Senator Toomey wrote to Treasury Secretary Janet Yellen asking for less onerous regulations for cryptocurrencies.

He warned that the recent proposals “would have a negative impact on financial technology, fundamental American privacy and efforts to combat illicit activity.”

Another market indicator also suggests that a major price move is ahead for bitcoin.

Bollinger Bands – which measure moving averages – are used by traders and investors to understand whether an asset is overbought or undersold, allowing them to determine which direction it might be heading.

An extended period of stability means that bitcoin is expected to enter a period of high volatility. Crypto investor Lark Davis describes bitcoin as a “time bomb.”

This is the narrowest it has been in 2021.

A 124-year-old power plant has started mining cryptocurrency because it is more profitable than selling electricity.

The Mechanicville facility in New York State is the latest to benefit from the Chinese mining exodus and the subsequent drop in hashrate.

“We believe this is the oldest renewable energy facility in the world that is still in operation,” Jim Besha, CEO of Albany Engineering, told the Albany Times Union, adding that the plant “may actually make more money with bitcoin than selling electricity to National Grid. “

A crypto market indicator suggests that the price of bitcoin may finally break out of the narrow band of $ 32,000 to $ 36,000 in which it has been stuck for the past fortnight.

The 90-day exponential moving average of the buy-to-sell ratio is about to hit the “launch pad,” according to CryptoQuant analyst Cole Garner.

“Since 2019, a touch of the green box has historically signaled that a big bullish move is imminent,” he said. written.

“The last touch was in October 2020, just over $ 10,000. We are almost there.”