![]() Elon Musk’s shares, which in general triggered investor sentiment towards cryptocurrency, sometimes also triggered declines.įor example, his post on the centralization of mining on May 16 caused the price of bitcoin (BTC) to drop 7% in 24 hours. The name that influenced investor sentiment the most, Elon Musk, confirmed this in a recent analysis. The results are presented in a quarterly report by eToro USA entitled “The True Value of Impact”. Sentiment analysis from TIE and eToro USA analyzed how Elon Musk and Sailor affected the markets. These two names are one of the important reasons why crypto assets are increasingly being talked about in the mainstream community. The most influential names of cryptocurrency markets.Įlon Musk and Michael Sailor made a huge impact on the cryptocurrency markets in the second quarter. Market analysis by TIE and eToro USA highlights the extent of this impact in detail. If we were to ask who are the two most important names influencing the cryptocurrency markets this year, each would undoubtedly name: The influence of Elon Musk and Michael Saylor on cryptocurrencies! In addition, Polat said that he does not consider the rumors about Amazon completely false, they are simply exaggerated, but they believe that 2021 is not the right time for such a move. He warned investors who are trying to trade on a daily basis with only tweets that he read in the cryptocurrency market in which he participated. Ismail Hakki Polat, who founded Turkey’s first New Media Faculty at Kadir Has University and is one of the important names in the Turkish cryptocurrency ecosystem, also commented on the topic on Twitter, stating that straws and straws are intertwined between: “Rumors about the Amazons are exaggerated” In addition, analysts also believe that the impact of negative news on the BTC price is gradually decreasing. On the other hand, according to analysts, after that, the price of bitcoin may fluctuate for a while in the range from $ 36,000 to $ 38,000, and then new highs can be seen. In fact, SafeTrading said that it can be stated here that the two news cancel each other out, so that the decline does not become deeper. So even though there were no new purchases, the fact that Tesla still holds bitcoins was also a big deal. However, while Elon Musk stated that Tesla did not sell BTC at the Bitcoin Word event, the released Q2 report confirmed this situation. ![]() However, for now, the fact that the BTC price has not dropped below the $ 36,000 support and has been struggling to overcome the $ 37,000 resistance for a while suggests that there is no cause for concern. The bitcoin price began to decline after the news about Amazon was heard and the price dropped to $ 36,300. ![]() So this decline has completely completed the upward movement? Should you be scared? However, the denial of this news caused a slight pullback in the price of BTC – specialist of SafeTrading team. One of the reasons behind the rise of the leading cryptocurrency was rumors that Amazon would accept payments in bitcoins and launch its own cryptocurrency. How Amazon and Tesla News Affected Bitcoin Priceīitcoin price hit $ 40,500 yesterday and is in the $ 37,000 range at the time of publication. AMP’s collateral payment system can fill an important gap in online trading and usage of the best free crypto training bot. Thanks to smart contracts, financial risks are largely minimized, as funds are transferred against certain collateral. It offers an alternative blockchain-based method to the traditional payment system. It transfers data and funds securely and quickly through the AMP blockchain. Today it is very close to the ATH value.On June 16, AMP broke an all-time high, earning 12 cents.AMP is listed at # 33 on CoinMarketCap, with a total market cap of $ 2.88 billion.At the time of writing, it is trading in the 6-7 cents range. Similar claims are made against Algorand.ĪMP, this is a fairly new project, made 10 cents in a day. While there is no official announcement from Amazon yet, the rumors have sparked a 50% pump. Rumors that Amazon was working with AMP and new best free crypto training bot made AMP pump up to 50% over the course of the day – say the analyst of SafeTrading. However, the most profitable cryptocurrency of the day was AMP. At the time of writing, prices range from $ 37,000 to $ 38,000. According to the same source, Amazon will release its own cryptocurrency in 2022.įollowing the news of Amazon and a series of discoveries, needles were raised in the Bitcoin and cryptocurrency markets, which were in a downtrend. Amazon will begin accepting payments via bitcoins and cryptocurrencies in late 2021, according to the official, who did not want his name to be disclosed by Amazon executives.
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