Showing: 1 - 2 of 2 RESULTS
Crypto

Google Finance Adds Dedicated ‘crypto’ Tab Featuring Bitcoin, Ether, Litecoin

Cryptocurrency is making a good space in the mainstream gateway. Google Finance has come up with good news for all crypto users. Now, you can get an easy rundown on all the prices prevailing on cryptocurrency in a single click. That sounds amazing! Every crypto price in your knowledge can help you make better decisions.

Thinking about how to find the crypto price option? It’s so simple and available with quick access. When you search out the domain- finance.google.com, you can see an added feature for the prices related to cryptocurrency. For finding the specific section, you can click on the “crypto section” and move ahead to the “compare different markets” option available on the page. Under this comparison, you can easily know about the prevailing markets for currency and traditional stock. It’s not just a single cryptocurrency that pops-up on the crypto page for pricing details. With this access, you can easily know about pricing details for different cryptos like LTC (Litecoin), BTC (Bitcoin), BCH (Bitcoin Cash), and ETH (Ether). All the pricing details for cryptos are under your pocket with Google Finance.

Alphabet (Google’s parent) is also in glam light for owning a blockbuster social platform for videos, namely YouTube. The platform is seen in putting efforts to annoy the bitcoin or other crypto users after taking the steps to ban all the news or education-related content. Most often, the banned content seems to be random.

The two biggest cryptocurrency news-based publications, CoinDesk and Cointelegraph are under the lights of suspension that overturned subsequently. It happened after the platform available for streaming videos showed a confirmation of no-violation to the service terms laid by YouTube.

In the last year, a lot of attention is paid to the market in cryptocurrency and a mainstream focus is paid upon the market due to the investments made by some big corporations. Most institutional corporations and investors showed a deep interest in crypto and even made big investments in cryptocurrencies. With this involvement, a lot of support emerges on the market cap of crypto and making it come at $1 trillion in the past January month. In February, the market cap for crypto might reach a great peak at $1.7 trillion. Presently, the digital cryptocurrency holds a current worth ranging above $1.4 trillion.

In the past three months, a lot of growth is noticed in the adoption of institutional as well as retail interest at a rapid rate. As per Hester Peirce (United States Securities and Exchange Commissioner): “With the top-ranked business firms like MasterCard and Tesla showing a deep interest towards cryptocurrency, it is turning the need to bring up a proper regulation with a clear set of guidelines.” And now, Google Finance has also highlighted the crypto market by adding a tab with “crypto” pricing details featured for all the users.

With the heated movement in the market of bulls, there’s a higher chance for digital cryptos straightforward guideline calls to emerge out loud. Peirce came up with a statement that the new administration run by Biden might showcase light towards a fresh regulatory structure and improvised aspects.

Crypto

Bitcoin Could Rally Further As Tesla Leads Corporates On Treasury Investments

With the high increase in the price of Bitcoins, the bull run of bitcoin seems to intensify. The market also anticipated a pick up. This is all because of the high corporate demand for bitcoin. After Tesla’s major investment in the cryptocurrency, the demand for bitcoin has intensified to an all-time high.

As per a trader and analyst named Alex Kruger, prices for bitcoins can fly very high. In addition to this, he also expects some other heavyweight businesses to follow the suit.

On Monday, Tesla disclosed that they have made a $1.5 billion heavy investment in Bitcoins. The comment by Tesla also signalled at an openness towards acquiring more digital assets in the future. The new investment by Tesla has kicked the bitcoin market to an all-new level of overdrive.

Bitcoin has also witnessed a record single-day spike in terms of dollar. It rose by almost $8000 and acquired a new high of almost $46000. All these data are provided by Coindesk.

In addition to Tesla, many other listed companies like the MIcroStrategy have also adopted bitcoin as a treasury asset in the last few months. The recent investment move by Tesla is notable and it is among the first Fortune 500 companies that has diversified its cash holdings into cryptocurrency.

Although the actual investment amount isn’t too large. But, many investors as well as analysts are predicting that many market-leading companies will also make investments and it will have a spiral effect on the prices of the currency.

As per the theory of “reflexivity” this is a positive feedback loop between the expectation and the economic fundamentals. Investment by Tesla in bitcoins many have validated many narratives by people that said that Bitcoin can act as a reserve asset. With this amazing move by Tesla, many new buyers will also join the marker and it will have an upward pressure on the price of bitcoins.

Market is now expecting that other corporations will also follow Tesla and MicroStrategy’s strategy. Many people believe that tides are in favor of Bitcoins at the present moment and it could become the next wave in the corporate book.

Investors interest in call options has also increased. This is an indication of investors positioning themselves for a continuous rise in the price. So, the new investment by Tesla in bitcoins is the biggest news we have received for the month and it can be said that Bitcoin certainly has an amazing future in upcoming days.