Cryptostreet

The subsequently denied rumor that Amazon will soon accept Bitcoin has brought the crypto market back to life after a week-long summer break.  As irrelevant as the news may be in the aftermath, it shows that the market is thirsty for news that drives prices.  What are the reasons for the Bitcoin price to crack its all-time high of May 2021 this year? After the Corona lockdown months, most people have better things to do than put their money in assets like Bitcoin.  Instead, going to restaurants, vacations and shopping trips are on the to-do list - instead of investments, consumption comes first again.  Of course, this is by no means the only reason for the weeks of privation on the crypto market, but at least one single influencing factor among many.  There are good reasons for the fact that it could soon look completely different again, ergo Bitcoin switches back to rally mode: 1. News without effects After the numerous bad news in May, June and July, the crypt...

Bullish news from Ripple: Regardless of the conflict with the SEC, trading in the company's own cryptocurrency XRP is booming. XRP's daily trading volume doubled in the second quarter of 2021. The cryptocurrency from Ripple behaved like the whole of the crypto market. Any negative economic effects of the legal dispute between Ripple and the US Securities and Exchange Commission (SEC) are therefore not too significant. The numbers come from a quarterly report that Ripple published in a blog post on July 29th . The daily XRP trading volume averaged $ 2.26 billion in the first quarter of the year. In the three months that followed, it rose to $ 4.492 billion. The XRP sales made by Ripple also increased from $ 150.3 million to $ 157.9 million. XRP development correlated with bull market The Ripple report shows that the positive development of XRP cannot be viewed in isolation from the overall trend in the crypto market. Both the trading volume and the price of the cryptocurrency pe...

  MicroStrategy intends to stick to its “digital asset strategy” despite an impairment loss of 424.8 million US dollars in the first half of 2021. What is Michael Saylor planning to do? When announcing the company's second quarter 2021 results, Michael Saylor, notorious CEO of MicroStrategy, announced that his company would continue to stick to its Bitcoin strategy despite huge losses on paper. Overall, MicroStrategy has seen its Bitcoin investments depreciate a total of $ 689.6 million in the value of its investments since Bitcoin's all-time high of $ 64,805 . MicroStrategy currently owns approximately 105,085BTC with a book value of $ 2.051 billion. MicroStrategy still massively in the black with Bitcoin investments However, this is only a loss on paper and does not reflect the loss realized. If you add up all of the Bitcoin investments, MicroStrategy is still in the black with its investments of over a billion US dollars . You shouldn't forget that MicroStrategy bought a...