The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
Bitcoin

Why Tesla FUD Won’t Matter Anymore for Bitcoin ?

by Miki 07/26/2021
by Miki 07/26/2021 0 comment

Bitcoin price shot up 12% in an hour earlier today to record a new monthly high of $39,230 and currently looking to break out of the two-month-long price zone. The top cryptocurrency has been moving between the $30K-$40K price range since the market crash in May. BTC also broke past key resistance of $38,300 and is currently looking to conquer the $40K mark.

Source: TradingView

The price pump is believed to be a result of rumors about Amazon planning to accept Bitcoin. As per an insider report, Amazon may add Bitcoin payment by the end of this year and might launch a token of its own by 2022. The news definitely had a part to play in pulling Bitcoin out of its month-long price slumber and help it begin the next leg of the bull season. Amazon’s rumored Bitcoin payment addition could very well put Tesla Bitcoin FUD to rest.

Tesla Bitcoin FUD Could Become a Thing of Past

When Tesla first announced it would start accepting Bitcoin as a payment for its cars, BTC price saw a significant pump. However, just a couple of months after the announcement, Musk dismissed the BTC payment option citing environmental concerns. The news along with the Chinese crackdown wiped 50% of BTC’s valuation from the top. However, if Amazon does start accepting Bitcoin by the end of this year, Tesla’s Bitcoin FUD would be a thing of the past.

Amazon is the biggest online retail market with over 200 million Prime subscribed members by the first quarter of 2021. It also boasts 197 million monthly visits on its platform and its market share of customers is only rising. While Paypal’s Bitcoin integration opened the gates for BTC payment for millions of users, Amazon would help people spend their Bitcoin to buy anything.

Musk who was notorious for moving the crypto and Bitcoin prices has lost the impact over the past few months. This was visible during the B-Word conference where he made many pro-Bitcoin revelations and announcements including Tesla looking to restart the BTC payment option and SpaceX holding Bitcoin on its balance sheet, but despite the magnitude of the event, and the announcements, BTC price didn’t move much. Amazon Bitcoin payment addition would only make Tesla FUD irrelevant.

Source link

Views: 0
AnymoreBitcoinFUDmatterTeslaWont
Share
0
FacebookTwitterPinterestEmail
previous post
XRP, Dogecoin, Cardano Price Analysis: 25 July
next post
Bitcoin Mild Volatility Lower than the Other Leading Cryptocurrencies in 2021

Related Posts

Elon Musk thinks this individual could be the...

12/29/2021

Bitcoin price trades under $48k as $6 billion...

12/29/2021

Indian security regulator warns mutual funds against investing...

12/29/2021

Bitcoin Will Remain ‘Digital Gold’, But Not A...

12/29/2021

Key Factors that Propelled Ether’s 4X Growth over...

12/28/2021

Gold Proponent Peter Schiff Claims Bitcoin is Losing...

12/28/2021

Trend Is Again Shifting From Outflows To Inflows

12/28/2021

Why Bitcoin Will Never Surpass The Market Cap...

12/28/2021

Crypto hacks led to $9.8 billion in losses...

12/28/2021

Is Bitcoin (BTV) Going To Hit $100k? Ambitious...

12/28/2021

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

For security, use of Google's reCAPTCHA service is required which is subject to the Google Privacy Policy and Terms of Use.

I agree to these terms.

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

    12/29/2021
  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

    12/29/2021
  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

    12/29/2021
  • Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

    12/29/2021
  • Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

    12/29/2021

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Ripple (149)

About Us

About Us

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, blockchain, Market, and more.

Featured Posts

  • 5 million ETH is now locked up in the Ethereum 2.0 deposit contract

  • Chainlink sees shift in momentum but it must clear this key level to move upward

  • Bitcoin Revives Nearly 55% Off Lows, But It May Face Rejection At these Levels

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Ripple (149)
  • Facebook
  • Instagram
  • Linkedin
  • Contact
  • Privacy Policy
  • Terms & Conditions

@2021 -thecryptonewsweb.com - All Right Reserved.

The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
  • RelevantRelevant(REL)$0.825.35%
  • Heart NumberHeart Number(HTN)$0.000553-30.47%
  • TadpoleTadpole(TAD)$7.32-1.76%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184214-2.17%
  • SakeTokenSakeToken(SAKE)$0.0127234.37%
  • WTF TokenWTF Token(WTF)$0.0113500.16%
  • BNSD FinanceBNSD Finance(BNSD)$0.005460-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%
  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • PolkaBridgePolkaBridge(PBR)$0.439876-7.02%
  • DSLA ProtocolDSLA Protocol(DSLA)$0.003681-6.85%
  • lympoLympo(LYM)$0.004392-4.43%
  • Falcon ProjectFalcon Project(FNT)$0.000366-2.23%
  • DYORDYOR(DYOR)$0.00002020.53%
  • TICOEX TokenTICOEX Token(TICO)$0.0013640.52%
  • MMS Cash TokenMMS Cash Token(MCASH)$1.000.00%
  • bitcoinBitcoin(BTC)$29,957.00-1.60%
  • ethereumEthereum(ETH)$2,043.12-1.76%
  • tetherTether(USDT)$1.00-0.03%
  • usd-coinUSD Coin(USDC)$1.00-0.05%
  • binancecoinBNB(BNB)$300.26-1.85%
  • rippleXRP(XRP)$0.427882-1.56%
  • cardanoCardano(ADA)$0.56-2.77%
  • SolanaSolana(SOL)$55.57-2.42%
  • Binance USDBinance USD(BUSD)$1.00-0.43%
  • dogecoinDogecoin(DOGE)$0.089503-1.16%
  • polkadotPolkadot(DOT)$10.54-5.59%
  • AvalancheAvalanche(AVAX)$33.53-2.25%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$29,939.00-1.59%
  • Lido Staked EtherLido Staked Ether(STETH)$2,011.10-1.48%
  • tronTRON(TRX)$0.0718031.22%
  • Shiba InuShiba Inu(SHIB)$0.000012-2.39%
  • VectoriumVectorium(VECT)$425.81-3.49%
  • daiDai(DAI)$1.000.01%
  • Power CashPower Cash(PRCH)$0.017570881.24%
  • AlexAlex(ALEX)$0.068435-0.04%
  • litecoinLitecoin(LTC)$72.582.60%
  • CronosCronos(CRO)$0.197873-0.74%
  • matic-networkPolygon(MATIC)$0.70-1.43%
  • leo-tokenLEO Token(LEO)$5.083.67%
  • LADZLADZ(LADZ)$0.0686894.36%
  • NEAR ProtocolNEAR Protocol(NEAR)$6.46-5.94%
  • FTX TokenFTX Token(FTT)$31.33-3.04%
  • HederaHedera(HBAR)$0.389473-3.44%
  • bitcoin-cashBitcoin Cash(BCH)$203.13-1.92%
  • RareRare(RARE)$0.0461220.00%
  • chainlinkChainlink(LINK)$7.52-3.20%