Elon Musk, the billionaire entrepreneur is back at what he does the best, tweeting about Bitcoin and trolling the top cryptocurrency despite knowing his tweets often impact the market. Musk today shared a meme which many interpreted as a hint about a possible breakup with the top cryptocurrency.

#Bitcoin 💔 pic.twitter.com/lNnEfMdtJf

— Elon Musk (@elonmusk) June 4, 2021

The speculation about Tesla potentially selling its $1.5 billion bitcoin purchase has been rife ever since Musk announced the electric car maker has decided against accepting Bitcoin as a payment for its cars, just weeks after opening the Bitcoin payment option for US customers. Ever since then, Musk has gone on a wild Bitcoin trolling spree which many believed led to panic selling among amateur traders and resulted in a market crash.

The Bitcoin price crash in May left many speculating whether Tesla has dumped its share, but Musk tweeted that the company has ‘diamond hands’ a popular slang in crypto-verse that indicates holding on to one’s Bitcoin even during market turmoil. But, his latest tweet has brought back the Tesla Bitcoin dump discussion again.

Bitcoin Price Slide Below $38K
Bitcoin price reacted to Elon Musk’s tweet today and slumped by 3% over the past hour after his tweet. The price of Bitcoin slid below $38K for a brief period right after Musk’s tweet. Musk even followed his meme tweet with another meme trolling about the price crash.

pic.twitter.com/MLhu6oOwgc

— Elon Musk (@elonmusk) June 4, 2021

After three weeks of consolidation under $40K after registering a new 3-month low in the second week of May, Bitcoin was looking well set on its path to recovery. The price broke out of an equilateral triangle on the 1-day chart breaking $38.5K key resistance. The on-chain fundamentals had started to climb back to pre-crash levels and miners had started accumulating indicating a possible lift-off above $40K.

A recent report suggested Musk’s reputation had taken a hit post his recent attack on Bitcoin and its community.


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Ethereum, the world’s second-most valuable digital asset, is now up by more than 7% in the last 24 hours as the cryptocurrency market posted a strong rebound. Ethereum’s on-chain activity has also increased rapidly in the last few weeks as large ETH addresses have accelerated the accumulation of Ethereum coins.

Santiment, the crypto analytics and data services provider, today released its latest report about Ethereum whales and mentioned that the top 10 ETH addresses are now holding a total of 19.08 million coins. Despite the latest accumulation, ETH supply at leading digital exchanges is plunging.

“The top 10 Ethereum whale addresses are creeping toward a new milestone in terms of supply held. Currently holding 19.08m ETH, these top addresses previously held an All-Time High of 19.25m ETH three weeks before the price skyrocketed above $4,300,” Santiment mentioned.

Ethereum 2.0, the network upgrade of ETH, recently crossed 5 million coins under its deposit contract after receiving immense support from the ETH community. Due to the latest decrease in volatility, the average transaction fee on the ETH network has dropped from over $60 to as low as $6.08 during the last 4 weeks.

Ethereum Network Activity
ETH whales have rapidly increased the movement of ETH since the start of this week. Yesterday, Whale Alert, a blockchain tracking and analytics platform, reported a transaction involving 48,582 Ethereum to an unknown wallet. The mentioned transfer was executed on Wednesday 2 June at 23:00 UTC. Apart from the latest surge in unknown transfers, large Ethereum movements from leading digital exchanges to crypto wallets were also reported this week. Earlier today, 20,522 ETH coins worth more than $55 million were transferred from crypto exchange Binance to a digital wallet.

According to the latest data published by Glassnode, smart contracts are now holding nearly 23% of the total Ethereum supply. On the other hand, crypto exchanges have approximately 12% of the total ETH supply, down from nearly 17% in September 2020.

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আমি এই ফোরামে একজন নতুন সদস্য। আমার আইডিটা এখন জুনিয়র মেম্বার। কিন্তু পয়েন্ট মাত্র 277 । অনেকের জুনিয়র মেম্বর হলে দেখা যায় পয়েন্ট অনেক বেশি। কিন্তু আমার ক্ষেত্রে এমন কেন? কেন আমার পয়েন্ট বাড়ছে না। এ ব্যাপারে সিনিয়রভাইদের সাহায্য কামনা করছি। আশা করি আপনারা আমাকে সাহায্য করবেন।