Crypto Currency

Can Elon Musk’s Bitcoin Betrayal Expose the Grift of Cryptocurrency?

It’s a dark day on meme street. Elon Musk, one of Bitcoin’s high priests, seems to have turned against the cryptocurrency, sending its value tumbling more than 10 percent and calling into question an economic model that had depended on the public support of megamoguls to keep crypto prices frothy.Here’s how the betrayal went down.…

It’s a dark day on meme street. Elon Musk, one of Bitcoin’s high priests, seems to have turned against the cryptocurrency, sending its value tumbling more than 10 percent and calling into question an economic model that had depended on the public support of megamoguls to keep crypto prices frothy.Here’s how the betrayal went down. On Wednesday evening, Musk, who in recent months has been a manic booster of the cryptocurrencies Bitcoin and Dogecoin, tweeted an announcement that Tesla would no longer be accepting Bitcoin for vehicle purchases.“We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel,” wrote Musk. He then praised cryptocurrency as “a good idea on many levels” that needs reform to make it more environmentally sustainable. Tesla, he concluded, was “looking at other cryptocurrencies that use Read More

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Crypto Currency

Bitcoin at $1 Million? Ledger Co-Founder Warns It Won’t Be Good News

Ledger co-founder Eric Larchevêque says a $1 million Bitcoin would mark war and fiat collapse, not a market win. The post Bitcoin at $1 Million? Ledger Co-Founder Warns It Won’t Be Good News appeared first on BeInCrypto…

Ledger co-founder Eric Larchevêque says a $1 million Bitcoin would mark war and fiat collapse, not a market win.
The post Bitcoin at $1 Million? Ledger Co-Founder Warns It Won’t Be Good News appeared first on BeInCrypto…
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Crypto Currency

SEI surges 10%, outperforms the broader market: Check forecast

Key takeaways SEI is up 10%, outperforming the broader cryptocurrency market. The coin could extend its rally towards the $0.092 daily swing high in the near term. The cryptocurrency market opened the new weekly candle mixed as some coins rallied while others underperformed. SEI, the native coin of the Sei blockchain…

Key takeaways SEI is up 10%, outperforming the broader cryptocurrency market. The coin could extend its rally towards the $0.092 daily swing high in the near term. The cryptocurrency market opened the new weekly candle mixed as some coins rallied while others underperformed. SEI, the native coin of the Sei blockchain…
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Crypto Currency

Bitcoin’s record holder supply hides a buyer drought, CryptoQuant says

Markets Bitcoin’s record holder supply hides a buyer drought, CryptoQuant says A record high in long-term holder supply typically signals conviction. CryptoQuant says it reflects a shortage of new buyers, a view echoed by weakening ETF demand and bearish prediction market odds. By Sam Reynolds| Edited by Shaurya Malwa May 29, 2026, 4:23 a.m. 3

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Bitcoin’s record holder supply hides a buyer drought, CryptoQuant says

A record high in long-term holder supply typically signals conviction. CryptoQuant says it reflects a shortage of new buyers, a view echoed by weakening ETF demand and bearish prediction market odds.

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Crypto Currency

Bitcoin ETF Demand Grows as Crypto-Native Activity Slows, CryptoQuant CEO Says

TLDR: CryptoQuant CEO Ki Young Ju says TradFi ETF demand is bullish for Bitcoin but crypto-native buying has slowed down. U.S. spot Bitcoin ETF approvals in 2024 brought institutional capital into BTC through retirement and brokerage accounts. Exchange BTC reserves have declined as ETF holdings rise…

TLDR: CryptoQuant CEO Ki Young Ju says TradFi ETF demand is bullish for Bitcoin but crypto-native buying has slowed down. U.S. spot Bitcoin ETF approvals in 2024 brought institutional capital into BTC through retirement and brokerage accounts. Exchange BTC reserves have declined as ETF holdings rise…
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