In brief


Retailers rush into Bitcoin and Tesla
Tesla stock price is too high imo
— Elon Musk (@elonmusk) May 1, 2020
$118,405.00
-1.05%$3,605.10
-2.78%$3.25
-8.71%$775.04
0.29%$190.08
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0.01%$0.243857
-8.13%$3,592.92
-2.94%$0.820217
-7.74%$0.310145
-1.07%$118,044.00
-1.40%$43.31
-2.65%$4,342.79
-2.95%$0.430403
-8.79%$3.73
-5.85%$18.13
-6.45%$3,866.57
-2.62%$0.250181
-8.35%$3,852.84
-2.96%$514.10
-1.37%$24.00
-4.77%$113.53
-4.51%$8.96
-0.03%$0.00001403
-8.16%$3,604.19
-2.96%$3.18
-7.27%$0.999958
0.00%$0.998852
0.08%$1.001
0.01%$118,338.00
-1.19%$4.18
-5.94%$43.99
-2.14%$10.11
-4.44%$317.18
-2.03%$0.00001287
-7.10%$4.67
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-4.74%$429.86
-3.53%$0.120425
-3.74%$1.18
-0.01%$0.451752
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-5.35%$2.77
-7.27%$1.029
-3.20%$4.93
-8.50%$231.67
-5.90%$5.63
-7.01%$0.468138
-7.40%$48.90
1.12%$0.105331
-5.47%$0.806944
-0.99%$0.04120311
-5.27%$0.00003265
-10.19%$1.00
0.00%$0.269117
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-8.49%$0.999202
-0.00%$0.02561904
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-6.73%$4.21
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-6.58%$17.72
0.67%$10.18
-6.78%$4.51
0.11%$0.745088
-7.78%$0.330881
-4.67%$202.22
-6.00%$2.67
-7.17%$0.085372
-1.47%$1.06
0.01%$1.93
-2.16%$121.73
-5.73%$0.576407
-7.63%$4,102.02
-2.95%$118,129.00
-1.17%$3,769.24
-2.81%$0.02317738
-0.49%$5.10
-2.34%$1.55
-2.77%$12.07
0.33%$0.99989
0.02%$4.90
-4.86%$0.088253
-8.07%$1.98
-8.26%$0.997643
-0.10%$0.00398216
6.19%$1.001
-0.07%$13.92
-6.79%$3,789.61
-2.81%$3,853.98
-2.70%$1.32
-0.36%$3,893.56
-2.86%$0.00013356
-8.78%$1.00
-0.01%$0.933238
0.41%$0.804
-7.59%$0.708457
-10.15%$3,790.27
-2.87%$118,300.00
-0.58%$1.17
-2.62%$213.85
-5.76%$1.74
-7.75%$0.346739
-7.41%$0.578332
-8.13%$0.399242
21.57%$0.103668
-6.98%$773.69
0.43%$0.998306
0.15%$1.093
-8.71%$0.166464
-5.31%$3,400.20
-0.83%$0.604866
1.35%$2.74
1.80%$249.41
-5.77%$118,088.00
-1.03%$0.893366
-5.74%$27.94
-1.38%$0.912522
-4.10%$118,808.00
-1.20%$1.11
-0.02%$11.14
14.49%$0.170983
2.92%$0.01796771
-6.39%$0.999414
-0.03%$3,392.48
-0.90%$0.01821634
-8.46%$3.08
-7.50%$0.210157
-8.21%$3,599.07
-3.33%$3,589.66
-2.75%$0.903519
-6.24%$3,831.92
-1.73%$3,846.58
-2.98%$0.131989
-8.82%$0.308469
-8.33%$0.453651
18.23%$4.44
-7.19%$2.02
-6.99%$111.89
0.01%$1.094
-0.03%$0.0000007
-3.63%$0.998611
-0.10%$41.68
-3.53%$0.417484
-4.73%$118,017.00
-1.28%$0.999838
0.00%$3.46
-8.70%$3,600.11
-2.98%$0.24403
-7.97%$0.32396
-7.81%$0.443498
-6.19%$0.00000156
1.10%$1.88
-6.69%$0.00867505
1.09%$0.00640223
0.24%$0.01707302
-7.36%$0.059054
-7.23%$0.997644
0.00%$28.73
-4.51%$0.567365
-4.82%$117,937.00
-0.04%$118,264.00
-1.24%$3,824.65
-3.04%$0.697492
-2.33%$0.545356
0.01%$3,604.19
-2.79%$1.00
-0.07%$1.52
-6.94%$0.999934
0.01%$0.073366
-0.79%$3,972.58
-3.00%$0.0088219
-6.31%$0.416803
-7.40%$43.33
-2.72%$0.461658
2.42%$0.999292
0.19%$1.17
-9.06%$7.50
-7.81%$0.13457
-7.72%$16.97
-4.44%$3,948.96
-1.42%$1.16
0.03%$0.633278
-6.16%$6.75
-6.86%$50.28
-2.81%$0.00002274
-4.79%$0.00000046
0.09%$0.414966
-2.96%$0.214909
2.01%$0.17846
-7.37%$4,355.69
-2.76%$0.97396
-1.08%$0.169686
-7.59%$2.62
-7.75%$3,609.27
-2.30%$10.76
0.01%$1.35
-8.22%$0.00810147
-6.47%$0.999902
0.01%$0.04269798
-6.40%$0.057324
-6.18%$3,604.46
-2.97%$7.23
-1.99%$1.002
0.55%$0.419071
-3.65%$1.095
-0.00%$1.007
1.43%$0.602865
0.93%$43.09
-2.68%$0.288503
-6.70%$208.25
-6.08%$0.084964
-9.94%$13.45
-0.14%$0.999875
0.01%$24.06
-4.57%$144.30
-3.58%$1.38
-6.22%$29.24
-4.48%$4.59
-1.77%$0.566529
-4.53%$0.368922
-6.21%$0.03723294
-2.14%$0.00361153
-9.43%$1.50
-9.59%$0.799981
-5.88%$0.782688
1.14%$21.94
-1.26%$0.00006385
-6.60%$117,554.00
-1.69%$0.01851834
-1.74%$0.00508607
-8.55%$0.03289493
-5.32%$118,084.00
-1.32%$0.234492
-6.62%$0.00393268
-6.35%$0.00402373
-4.06%$0.800286
-2.49%$0.00371341
-10.28%$3.66
0.51%$0.781187
-3.45%$215.03
-5.61%$3,775.06
-2.88%$0.00000075
25.54%$0.998267
-0.01%$4,059.13
-2.86%$0.998737
-0.43%Reading
Bitcoin and Tesla, the electric car maker, are America’s most viewed assets on charting platform TradingView, according to data published today.
Tesla (stock ticker: TSLA) enjoyed a meteoric rise this year as the future outlook for electric vehicles grew on Wall Street and among retail participants. Its stock went from $402 on January 1 this year to $1,660 at press time, while Bitcoin’s price rose from $7,400 to $11,700 in the same period.
Throughout July, TSLA was the most viewed stock in 31 states in the US, but Bitcoin was not far behind, noted TradingView. “Since the start of the year, Tesla’s stock has almost tripled in price. Meanwhile, Bitcoin is up 60% year-to-date,” it added.
Bitcoin also seemed to gain a fan following in California, where Tesla is headquartered. “Our findings also show the South East favors Forex and the West Coast states of California, Washington, and Oregon lean toward Bitcoin. The west coast loves crypto the most,” said TradingView.
Tom Lee, co-founder of investment fund Fundstrat, said today that, when Bitcoin gets big enough, investors will plough into it like they did with Tesla stocks—driving up Bitcoin's price. Speaking at Coingeek Conference 2020, he started by recognizing that the crypto market is still tiny. “Crypto as a percentage of traditional liquid assets is 0.1%. It’s a lot smaller than people realise,” he said, adding, “Until crypto gets larger, it’s largely a retail market. What happens when institutions sta...
Tesla’s gains came this year despite being one of the world’s most-shorted (bets on bearish prices) stocks. Even Tesla CEO Elon Musk had trouble keeping up with the surge, stating the stock was “too overvalued” earlier this year.
Tesla stock price is too high imo
— Elon Musk (@elonmusk) May 1, 2020
But that didn’t stop speculators from piling into TSLA. Since his tweet on May 1, the stock rose another 127%.
Meanwhile, Bitcoin has performed strongly too, rising 36% based on a strong fundamental narrative amidst a grim economic outlook.
Elon Musk is no stranger to Twitter rants, but the billionaire tech entrepreneur really splashed out on the theatrics for his latest. Sick of flattening the curve, the 48-year-old Tesla CEO cried for freedom, Bitcoin, and complained that Tesla’s stock price was “too high imo [in my opinion].” The electric car company’s shares immediately dropped, and have so far lost $15 billion in value. And his girlfriend, the Canadian singer due to give birth to Musk’s first child on Monday, is now “mad” at...
The rise of Bitcoin’s price has even attracted social influencers like Dave Portnoy, founder of sports blog Barstool Sports. He said he bought $250,000 in Bitcoin—and claimed that he was now holding $1 million in Bitcoin—this week, despite holding no crypto earlier. This was revealed in a video with crypto exchange Gemini co-founders Tyler and Cameron Winklevoss.
With Portnoy’s 1.7 million online followers, who are used to watching him tweet relentlessly about stocks, and his apparent allegiance to pump Bitcoin, the line between crypto and traditional stocks is becoming even blurrier.
The recent crypto market euphoria hit a speed bump on Wednesday, as top altcoins like Ethereum, XRP, Solana, and Dogecoin fell, with some showing sizable drops. And the broader market dive has resulted in a growing pile of long positions getting liquidated amid concerns about frothy conditions for traders. Altcoins have been surging in July, with XRP hitting a new all-time high mark last week—breaking a seven-year record—while Ethereum and Solana reached six-month highs in recent days. The Binan...
Owners of stablecoins now outnumber those who hold Solana, according to a new report by Reown. A survey of over a thousand crypto users conducted by Reown and YouGov found that 38% of users now own stablecoins, ahead of Solana at 37%. Bitcoin and Ethereum continue to dominate crypto ownership, accounting for 48% of users respectively. 1/ State of Onchain Payments 2025 is now live. Onchain payments are growing fast, but most teams still lack the data to design better experiences. We surveyed 1,0...
XRP is now larger than some of the biggest companies in the world, and its most staunch investors believe that it’ll be in the top 10 assets “sooner than many might think.” Now the third-largest cryptocurrency, XRP is the 91st largest asset in the world, according to InfiniteMarketCap, with a market cap of $203.89 billion. Due to its 71.6% monthly rise, per CoinGecko, XRP has surpassed drinks company PepsiCo, telecommunications firm AT&T, and taxi app Uber. Ethereum, by comparison, is the 29th l...