Bitcoin is attempting to break out of a monthslong range but faces resistance at $40K-$42K.
"Musk's latest tweet will put the juice to the upside," a market observer said.
This week, the cryptocurrency markets displayed a more sophisticated understanding of regulatory and technology risk.
Positive news from El Salvador couldn't completely overcome negative news out of China.
The U.S. central bank will continue buying Treasury and mortgage bonds to support the economy.
The long-term bullish bet is akin to buying a lottery ticket.
BTC held minor support along a series of lower price highs. Upside appears limited going into the weekend.
Sentiment may have turned a little too bearish, a feature that is often observed at market bottoms.
Meme stocks are rising as BTC stabilizes after a volatile May.
Bitcoin busted out a quick 5% gain early Thursday on positive news from that continent before losing some steam.
The market cap of gold-backed tokens has surged 30-fold since the start of 2020, according to one research firm.
It's another sign of bitcoin's bearish trend.
Hut 8 will also retain its listing on the Toronto Stock Exchange.
The short-term trend is improving after a series of lower price highs since May.
The top cryptocurrency hit a high of $38,461 during the European hours, extending Wednesday's double-digit rally.