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Cathie Wood bought 1 million shares of Grayscale Bitcoin Trust during crypto's drop below $30,000

Ark Invest's Cathie Wood took advantage of the volatility in bitcoin on Tuesday, buying up shares of Grayscale Bitcoin Trust and Coinbase. Wood — known for taking advantage of dips in her highest conviction picks —purchased 1,046,002 shares of the Grayscale Bitcoin Trust in the ARK Next Generation Internet ETF on Tuesday, a position worth roughly $12 million based on Grayscale's closing price of $11.47 per share. Shares of Grayscale closed flat on Tuesday but dropped near $10 per share during the rout in bitcoin.
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Cardano Remains One of Top Racehorses This Market Cycle: Crypto Analyst Benjamin Cowen

Crypto analyst Benjamin Cowen thinks Cardano (ADA) is still one of the top racehorses of this market cycle, despite the sector-wide downturn in the markets this past week. In a new strategy session, Cowen tells his 467,000 YouTube subscribers that ADA is one of the few coins that has held up in the midst of the continued correction in the crypto markets.
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The Independent

Bitcoin price – live: Crypto market sees remarkable recovery after massive crash takes it to 2021 low

Bitcoin has bounced back on Wednesday after a series of price crashes over the last few days took the cryptocurrency to its lowest point of 2021.After briefly reaching below $29,000 on Tuesday, bitcoin is now back above $34,000 and appears to be trending upwards. Ethereum (ether), Cardano (ada), dogecoin and other leading cryptocurrencies have mirrored this movement, adding $200 billion to the market overnight.The rebound means crypto analysts remain divided over whether the losses are part of a broader bear market, or simply a price correction midway through a bull run that will take bitcoin to new record highs later this year.Major investors appear convinced it is the latter, with MicroStrategy ploughing another half a billion dollars into bitcoin earlier this week. The founder of dogecoin also revealed he invested in the cryptocurrency for the first time in eight years.We’ll have all the latest news, analysis and expert price predictions right here. Read More Crypto limbo: Experts unpick El Salvador’s Bitcoin Law, NFTs and the future of dogecoin
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MarketRealist

Should You Sell Your Cryptocurrencies Amid the Crash, or Buy More?

Cryptocurrencies have been volatile in 2021, seeing several boom-bust cycles. While crypto assets crashed following news of China’s crackdown on cryptocurrency trading and mining, they're now rebounding. The massive volatility has left many investors wondering whether they should sell their cryptocurrencies now, or take advantage of the lower prices and buy more.
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Here’s How Low the Crypto Markets Could Drop, According to Analyst Justin Bennett

Crypto analyst Justin Bennett weighs in on where the overall crypto markets could finally find a bottom amid ongoing bearish price action. In a new tweet, Bennett says his technical analysis suggests that the total market capitalization of all crypto assets could fall to $950 billion, representing roughly a 30% drop from current levels.
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Reuters

Crypto is 'rat poison', a third of mainstream investment firms tell JPM

LONDON (Reuters) - Only 10% of institutional investment firms surveyed by JPMorgan trade cryptocurrencies, with nearly half labelling the emerging asset class as “rat poison” or predicting it would be a temporary fad. Bitcoin, the world’s largest cryptocurrency, fell to a five-month low on Tuesday, extending losses from China’s deepening...
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HackerNoon

MobileCoin is the World's First Carbon-Negative Cryptocurrency

Lately our community has been asking, “What is MobileCoin’s environmental impact, and how does our energy usage compare to other cryptocurrencies?”. MobileCoin has a significantly smaller impact on our planet and uses far less energy compared to other cryptocurrencies. Here is why:. The driver of energy usage in major cryptocurrencies...
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Is it possible to make crypto sustainable? A few coins are trying

Bitcoin is not sustainable. Despite claims that the cryptocurrency utilizes renewable energy, researchers have found that Bitcoin continues to primarily use fossil fuel sources to power mining efforts — so much so that Bitcoin has a carbon footprint roughly equal to the entire country of Morocco. So while investing in the cryptocurrency may be good for your bottom line, depending on how favorably Elon Musk is tweeting about it on any given day, it is always terrible for the environment.
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MarketRealist

What Is Rocket Bunny Crypto and Should You Invest?

As cryptocurrencies continue to struggle, investors are looking for any sign of hope in the market. Fledgling tokens gaining traction quickly make headlines. In the case of Rocket Bunny, investors made waves after they invested in the token to find their wallets worth trillions of dollars. Article continues below advertisement.