• About Us
  • Advertise
  • Contact Us
  • Editorial Policy
  • Privacy Policy
  • Team
BitcoinNewsUpdates
  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Cryptocurrency News
  • Press Release
  • Price Analysis
No Result
View All Result
  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Cryptocurrency News
  • Press Release
  • Price Analysis
No Result
View All Result
BitcoinNewsUpdates
No Result
View All Result
Home Bitcoin News

Bitcoin Makes it to the $55k Mark Again!

Alicia Pitre by Alicia Pitre
May 11, 2021
in Bitcoin News
0
Bitcoin Makes it to the $55k Mark Again!

Bitcoin (BTC) has a high impact on the market and perhaps wisely named the prominent market player. The top-ranker of the market was seen sluggish this past week. Ideally, the coin holds a decent place, especially when there isn’t any crash. Nevertheless, Bitcoin (BTC) somehow kept a swift upward movement despite a few mid-week hindrances.

In the week-long price charts of Bitcoin, the movement reflects a minor surge at the beginning of the week. On May 5, 2021, the cryptocurrency’s price was $53,900, and by the mid-day of May 6, 2021, the price jumped to $58,300. A minor drop took place on May 7, 2021, but by the next day, the same was recovered. The coin hovered around $58,000 from May 8, 2021, to May 10, 2021, with a slight slip. Since yesterday, the fall in the price of Bitcoin is exhibiting no recovery. The price has dropped from $58,000 to $55,000.

Will Bitcoin price continue to plunge?

The movement in the price since yesterday is scaring the intraday and week-long traders. For the intraday traders, the day seems to be the same. However, the week-long traders are still at $2,000 profit as Bitcoin was at $53,900 at the beginning of the week. If we look at the top ten coins in the market, then Bitcoin, Tether, and Ripple are exhibiting a plunge, but the rest of the seven coins deal in profit (marginally). On the positive side, Bitcoin has started improving on the price chart, too, after hitting $54,834 at 09:04 AM. The currency has marked improvement, and at the time of writing the article, the coin already hit $55,947. Therefore, we are speculating a speedy recovery in the market.

What about Sean Culkin’s crypto plan?

Sean Culkin is an NFL player who announced last month that he plans to convert his entire paycheck of 2021 into Bitcoin. He was paid $920,000 for the season. He tweeted that he finds that converting dollars into Bitcoin is a huge investment that will eventually pay off. Presently, Bitcoin is $55,947, and if he invests immediately, he will own 16.4 Bitcoin. There has been no current update about him, but the sources found that the player is planning to invest at least half of the amount. Apart from Sean Culkin, Carolina Panthers’ former player Russell Okung revealed that he invested half of his last season’s salary in Bitcoin.

Previous Post

Looking for the Highest Paying Bitcoin Faucet?

Next Post

Bitcoin Drops 10% in 24 Hours; What Should Investors Do?

Alicia Pitre

Alicia Pitre

Alicia Pitre has completed her graduate degree in journalism and now working at BitcoinNewsUpdates as a news writer. She is very passionate about her profession. She always writes informative articles about cryptocurrencies, market updates, use cases of blockchain technology, and much more.

Next Post
Bitcoin Drops 10% in 24 Hours; What Should Investors Do?

Bitcoin Drops 10% in 24 Hours; What Should Investors Do?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
Buy Dogecoin with Paypal

Why Is Dogecoin Becoming Popular? Can I Buy It With Paypal?

March 16, 2021
Holo (HOT) Token Shows Signs of an Evolving Buying Trend

Holo (HOT) Token Shows Signs of an Evolving Buying Trend

March 23, 2022
Experts Say the Bitcoin Would Go back

Know Why Some Experts Say the Bitcoin Would Go back Below $4,800 in A Few Weeks

July 2, 2020
Amazon

Shop on Amazon and Pay with your Cryptocurrencies

March 1, 2021
CoinGecko to Enter Non-Fungible Token Space

CoinGecko to Enter Non-Fungible Token Space

0
Ethereum (ETH) and Ripple (XRP) Now Available to Trade on OTC Trading Desk of Coincheck Exchange

Ethereum (ETH) and Ripple (XRP) Now Available to Trade on OTC Trading Desk of Coincheck Exchange

0
Bitcoin SV

The largest Crypto exchange in the World Delists Bitcoin SV

0
Bitcoin Treasure Hunt

How World is Getting Ready For 1m Bitcoin Treasure Hunt

0
Explore Top Jobs & Opportunities in Growing Blockchain Industry

Explore top jobs & opportunities in growing blockchain industry

May 12, 2023
US crypto exchanges see rising trend of crypto lending and borrowing

The increasing trend of crypto lending and borrowing services on US-based crypto exchanges

March 29, 2023
How to Choose the Best Crypto Exchange in Australia?

How to Choose the Best Crypto Exchange in Australia?

February 27, 2023
Trading Bots gain popularity amidst the Crypto market recovery

Trading Bots gain popularity amidst the Crypto market recovery

February 21, 2023
BitcoinNewsUpdates

BitcoinNewsUpdates is offering quality news articles about world's most popular cryptocurrency - Bitcoin. Stay tuned with us to gain insight into the world of cryptocurrencies. We are the leading source to stay informed regarding world of Crypto.

Email: editor@bitcoinnewsupdates.org

Follow Us

Explore Top Jobs & Opportunities in Growing Blockchain Industry
Blockchain News

Explore top jobs & opportunities in growing blockchain industry

Crypto jobs are in high demand right now. There are countless opportunities for individuals like you to participate in developing ...

May 12, 2023
US crypto exchanges see rising trend of crypto lending and borrowing
Cryptocurrency News

The increasing trend of crypto lending and borrowing services on US-based crypto exchanges

Crypto lending and borrowing services are essentially banking services for the crypto community. A blend of growing interests and increased ...

March 29, 2023
How to Choose the Best Crypto Exchange in Australia?
Cryptocurrency News

How to Choose the Best Crypto Exchange in Australia?

Research and Compare Different Crypto Exchanges in Australia Like several other countries in the world, Australia has recently become a ...

February 27, 2023
Trading Bots gain popularity amidst the Crypto market recovery
Blockchain News

Trading Bots gain popularity amidst the Crypto market recovery

The cryptocurrency industry witnessed a substantial decline in 2022 by over 70% from the previous peak in November 2021. Bitcoin ...

February 21, 2023
MicroStrategy Buys 301 More Bitcoins, Worth $6 Million
Bitcoin News

MicroStrategy Buys 301 More Bitcoins, Worth $6 Million

Despite the ongoing market downturn, MicroStrategy has purchased a fresh batch of Bitcoin FOR $6 million. A $6 million purchase ...

September 21, 2022

Recent News

Explore Top Jobs & Opportunities in Growing Blockchain Industry

Explore top jobs & opportunities in growing blockchain industry

May 12, 2023
US crypto exchanges see rising trend of crypto lending and borrowing

The increasing trend of crypto lending and borrowing services on US-based crypto exchanges

March 29, 2023
How to Choose the Best Crypto Exchange in Australia?

How to Choose the Best Crypto Exchange in Australia?

February 27, 2023

Categories

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Cryptocurrency News
  • Press Release
  • Price Analysis
  • About Us
  • Advertise
  • Contact Us
  • Editorial Policy
  • Privacy Policy
  • Team

Copyright © 2023. BitcoinNewsUpdates. All Rights Reserved.

No Result
View All Result
  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Cryptocurrency News
  • Press Release
  • Price Analysis

Copyright © 2023. BitcoinNewsUpdates. All Rights Reserved.