Ethereum markets bounce after a record plunge last week

The cryptocurrency market shows a steady rise after the big sell-off last week after many indicators turned bearish. The Tesla boss believes doing so can improve speed and scaling to make it a real contender in the world of cryptocurrency. However, Ethereum Co-founder Vitalik Buterin picked apart the idea in a blog post by saying there are drawbacks and limits to what can be achieved with this proposal. Ethereum markets bounce after a record plunge last week appeared first on CryptoSlate.

Historic YouTube video with 883 million views to be taken down after its NFT was sold

The home video “Charlie Bit My Finger” non-fungible token (NFT), was auctioned for $760,999 on Sunday, the 14th anniversary of the viral sensation from the 2000s debut on YouTube. By outbidding the competition, the music and sound studio 3fmusic also won the opportunity to create a modern-day rendition of the classic clip, featuring the original stars, Harry and Charlie.

Cardano price technical breakout sets out for 60% rally eyeing $2.2

Cardano had an interesting last week whereby it rose into the fifth spot on the market despite the freefall in price. The staking platform boasts of a market cap of $48 billion and trails immediately behind Binance Coin. The trading last week was gruesome not only for ADA but the entire crypto market. From the recently traded all-time high of $2.5, ADA plummeted to the support at $1.1.

Bitcoin rallies as Elon Musk meet with miners in green energy push

Bitcoin has rallied to nearly US$40,000, boosted by tweets from Tesla founder Elon Musk and MicroStrategy CEO Michael Saylor announcing that they have met with North American miners of the cryptocurrency to promote a renewable energy initiative. The price of Bitcoin has risen nearly 10% in the past 24 hours, peaking at US$39,835 following a tweet by Musk.

JP Morgan CEO Sees Crypto Going To $5 Trillion

Jamie Dimon, the CEO of U.S investment bank JP Morgan, lifted spirits following his assessment that crypto markets could hit a $5 trillion valuation. Currently, the value of all cryptocurrencies comes in at $1.6 trillion. Speaking at Investment Company Institute (ICI) annual meeting, Dimon said more government oversight is needed before crypto gets too big.

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