Musk Puts Bitcoin on Pause, Tesla Suspends BTC Payments – BeInCrypto

Elon Musk revealed on Twitter that Tesla would pause accepting bitcoin as payment for its product as a consequence of its high energy consumption.
Tesla CEO Elon Musk has roiled the crypto markets after announcing that Tesla would stop accepting bitcoin as payment for its vehicles.

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Bitcoin Dominance (BTCD) Drops to Lowest Levels Since 2018 – BeInCrypto

The bitcoin dominance rate (BTCD) has fallen below numerous long-term support levels, reaching its lowest value since 2018.
The BTCD rate is expected to continue moving downwards to eventually reach the closest support level at 39.5%.

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What Changed in Crypto Markets While You Were Sleeping — May 12 – BeInCrypto

BeInCrypto presents our daily morning roundup of crypto news and market changes that you might have missed while you were asleep.
Bitcoin update
BTC has been moving upwards since April 25 after it reached a local low of $46,930.

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Bitcoin (BTC) Bounces in Attempt to Resume Bullish Trend – BeInCrypto

The bitcoin (BTC) price has been moving upwards since it completed a correction on April 25.
Bitcoin is expected to find support at one of the short-term Fib retracement support levels and resume its upward movement.

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What Changed in Crypto Markets While You Were Sleeping — May 11 – BeInCrypto

BeInCrypto presents our daily morning roundup of crypto news and market changes that you might have missed while you were asleep.
Bitcoin update
Bitcoin was once again rejected near the $60,000 resistance level yesterday. While it began the day by climbing to $59,600, it closed at $55,900.

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Morgan Creek CEO: Bitcoin Could Reach $250K Chasing After Gold – BeInCrypto

Bitcoin (BTC) may be in a bit of a lull lately, but Morgan Creek Capital CEO Mark Yusko reckons it still has all more potential than ever. He has predicted that the world’s largest cryptocurrency could reach a value of $250,000 in the next four or five years.

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What Changed in Crypto Markets While You Were Sleeping — May 10 – BeInCrypto

BeInCrypto presents our daily morning roundup of crypto news and market changes that you might have missed while you were asleep.
Bitcoin update
Bitcoin (BTC) is starting off the week in the green and is currently trading for $58,517.

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