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SVTPerformance's Chain of Restaurants
Road Side Pub
BITCOIN
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<blockquote data-quote="Weather Man" data-source="post: 16626288" data-attributes="member: 137766"><p><a href="https://seekingalpha.com/news/3701158-bitcoin-other-cryptocurrrencies-slide-again-even-with-cathie-woods-defense" target="_blank">Bitcoin, other cryptocurrrencies slide again despite Cathie Wood's defense</a></p><ul> <li data-xf-list-type="ul">Bitcoin (<a href="https://seekingalpha.com/symbol/BTC-USD" target="_blank">BTC-USD</a>) weakens again, dropping 10% in the last 24 hours, to ~$35.8K, continuing to retreat from its almost $65K peak in mid-April.</li> <li data-xf-list-type="ul">Over a week ago, bitcoin came under pressure as regulators, particularly in China, cracked down on the world's largest crypto and critics and supporters debated over miners' energy usage and its impact on the environment.</li> <li data-xf-list-type="ul">Last night, high-profile investor Cathie Wood came to bitcoin's defense at the Coindesk's Consensus 2021 conference.</li> <li data-xf-list-type="ul">The crypto is "already on its way and it'll <a href="https://www.bloomberg.com/news/articles/2021-05-28/cathie-wood-says-bitcoin-impossible-for-officials-to-shut-down?srnd=premium&sref=DWzi38c2" target="_blank">be impossible</a> to shut it down," she said, while predicting that regulators "will be a little more friendly over time" toward cryptocurrencies.</li> <li data-xf-list-type="ul">Other cryptos are also sliding — Ethereum (<a href="https://seekingalpha.com/symbol/ETH-USD" target="_blank">ETH-USD</a>) slumps 12% to $2,482.88, Litecoin (<a href="https://seekingalpha.com/symbol/LTC-USD" target="_blank">LTC-USD</a>) drops 28% to $171.88, meme crypto dogecoin (<a href="https://seekingalpha.com/symbol/DOGE-USD" target="_blank">DOGE-USD</a>), dips 11% to 31 cents, and Cardano (<a href="https://seekingalpha.com/symbol/ADA-USD" target="_blank">ADA-USD</a>) falls 14% to $1.50.</li> <li data-xf-list-type="ul">Bitcoin-related and crypto-related stocks dropping in premarket action include Riot Blockchain (NASDAQ:<a href="https://seekingalpha.com/symbol/RIOT" target="_blank">RIOT</a>), -5.5%, Marathon Digital (NASDAQ:<a href="https://seekingalpha.com/symbol/MARA" target="_blank">MARA</a>), -5.3%, Bit Digital (NASDAQ:<a href="https://seekingalpha.com/symbol/BTBT" target="_blank">BTBT</a>), -3.8%, MicroStrategy (NASDAQ:<a href="https://seekingalpha.com/symbol/MSTR" target="_blank">MSTR</a>), -3.3%, and Coinbase Global (NASDAQ:<a href="https://seekingalpha.com/symbol/COIN" target="_blank">COIN</a>), -2.2%.</li> <li data-xf-list-type="ul">SA contributor John Rhodes makes the case that<a href="https://seekingalpha.com/article/4431578-bitcoin-for-the-people" target="_blank"> bitcoin fights hyperinflation and helps the unbanked,</a> while Elazar Advisors sees more catalysts<a href="https://seekingalpha.com/article/4431492-why-we-continue-to-expect-crypto-and-bitcoin-downside" target="_blank"> ahead to continue bitcoin's slump.</a></li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16626288, member: 137766"] [URL='https://seekingalpha.com/news/3701158-bitcoin-other-cryptocurrrencies-slide-again-even-with-cathie-woods-defense']Bitcoin, other cryptocurrrencies slide again despite Cathie Wood's defense[/URL] [LIST] [*]Bitcoin ([URL='https://seekingalpha.com/symbol/BTC-USD']BTC-USD[/URL]) weakens again, dropping 10% in the last 24 hours, to ~$35.8K, continuing to retreat from its almost $65K peak in mid-April. [*]Over a week ago, bitcoin came under pressure as regulators, particularly in China, cracked down on the world's largest crypto and critics and supporters debated over miners' energy usage and its impact on the environment. [*]Last night, high-profile investor Cathie Wood came to bitcoin's defense at the Coindesk's Consensus 2021 conference. [*]The crypto is "already on its way and it'll [URL='https://www.bloomberg.com/news/articles/2021-05-28/cathie-wood-says-bitcoin-impossible-for-officials-to-shut-down?srnd=premium&sref=DWzi38c2']be impossible[/URL] to shut it down," she said, while predicting that regulators "will be a little more friendly over time" toward cryptocurrencies. [*]Other cryptos are also sliding — Ethereum ([URL='https://seekingalpha.com/symbol/ETH-USD']ETH-USD[/URL]) slumps 12% to $2,482.88, Litecoin ([URL='https://seekingalpha.com/symbol/LTC-USD']LTC-USD[/URL]) drops 28% to $171.88, meme crypto dogecoin ([URL='https://seekingalpha.com/symbol/DOGE-USD']DOGE-USD[/URL]), dips 11% to 31 cents, and Cardano ([URL='https://seekingalpha.com/symbol/ADA-USD']ADA-USD[/URL]) falls 14% to $1.50. [*]Bitcoin-related and crypto-related stocks dropping in premarket action include Riot Blockchain (NASDAQ:[URL='https://seekingalpha.com/symbol/RIOT']RIOT[/URL]), -5.5%, Marathon Digital (NASDAQ:[URL='https://seekingalpha.com/symbol/MARA']MARA[/URL]), -5.3%, Bit Digital (NASDAQ:[URL='https://seekingalpha.com/symbol/BTBT']BTBT[/URL]), -3.8%, MicroStrategy (NASDAQ:[URL='https://seekingalpha.com/symbol/MSTR']MSTR[/URL]), -3.3%, and Coinbase Global (NASDAQ:[URL='https://seekingalpha.com/symbol/COIN']COIN[/URL]), -2.2%. [*]SA contributor John Rhodes makes the case that[URL='https://seekingalpha.com/article/4431578-bitcoin-for-the-people'] bitcoin fights hyperinflation and helps the unbanked,[/URL] while Elazar Advisors sees more catalysts[URL='https://seekingalpha.com/article/4431492-why-we-continue-to-expect-crypto-and-bitcoin-downside'] ahead to continue bitcoin's slump.[/URL] [/LIST] [/QUOTE]
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