Since we have been seeing gas shortages around the south. There has been strange news in crypto that suggests that big sharks are taking advantage of the market. Investors have been making huge profits on start-up coins that are leaving new investors holding nothing at all. Almost every time the market goes down there’s always big news to follow it to possibly help big sharks to get it even lower. In this article, we show you the moves they make to take advantage of the market.
This article provides information and education for investors. FeedYourEmpire does not offer advisory or brokerage services. Nor does it recommend or advise investors to buy or sell particular stocks or securities.
MicroStrategy now owns 91,850 Bitcoin
MicroStrategy bought 271 more bitcoin for $15 Million when the coin was somewhere around $55,387. And has continued to do so. Therefore, based on the purchase revealed today MicroStrategy may believe bitcoin is capable of achieving high heights. The purchase was revealed in a filing and confirmed by CEO Michael Saylor on Twitter.
Musk sends Bitcoin Falling as he suspends bitcoin payments.
Elon Musk now cancels payments for his products using bitcoin, causing a slide in the digital currency. Musk tweeted on wednesday that he has concerns about bitcoin rapidly increasing use of fossil fuels for Bitcoin mining and transactions. he might accept other currencies if they are less energy intensive. He also said that the company won’t be selling any of the bitcoin it holds. After that, bitcoin dropped 15% and was hanging just above 46,000. Musk’s move comes far after Tesla disclosed in February that it had purchased $1.5 billion in Bitcoin and planned to accept it as a payment. Before the big announcement on twitter, Tesla’s website had noted that the token was the only cryptocurrency that Tesla accepts in the continental U.S. Musk has been frequently tweeted about Dogecoin and he would gag about being the “Dogefather”.
Another reason elon stopped accepting Bitcoin is because Bitcoin mining consumed 66 times more electricity than it did back in late 2015, and the carbon emissions associated with it will likely face increasing scrutiny.
Vitalik buterin sent $1 billion in Shiba Inu coin to India
Buterin donated over 500 trillion shiba coins which were worth over $1 billion. After that, the token surprisingly has skyrocketed and gained almost 1,000% over the past week. Furthermore, Buterin also donated 500 ether tokens to the fund, which aims to provide healthcare and basic-needs items to people affected by COVID-19 in India, However, the significant donation panicked investors and caused the value of Shiba Inu to drop by around 34%. . The funds have been donated to various organizations and charities in India that have used them to tackle the oxygen shortage and purchase medical equipment, including personal protective gear and ventilators.
U.S Inflation soars in april
Inflationis soaring in America, prompting more market jitters and fresh talk that interest rates might have to rise, strangling the economic recovery. The rate of inflation jumped to 4.2% in April up from 2.6% in March. That is the highest since 2008. The cost of energy, used cars and trucks in particular leapt. So did airfares. And by far more than most economists were predicting. While that inflation is a sign that the economy is swimming back into life, it could spook the US Federal Reserve into raising rates, increasing borrowing costs in the process.
Conclusion
All of this news is about energy, and coins, it sounds like they are trying to manipulate you to sell your bitcoin, so be aware. It’s almost clear that bitcoin is going to be the next store of wealth since big companies like MicroStrategy already have 91,850 bitcoin that they purchased. And other cryptocurrencies like Shiba that just came out are already soaring. I hope You learned a thing or two from this article. Don’t forget to Follow Crypto empire tv because they give up-to-date news on finance and crypto.
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