INSUBCONTINENT EXCLUSIVE:
Jack Dorsey recently said cryptocurrencywould be a "big part of the company's future."To say that Bitcoin has had an eventful year so far
would be an understatement
From record highs to quick slumps, the cryptocurrency has seen it all in the first eight months of 2021
over $65,000 it recorded in April
the same period in 2020, the leap in value is almost unprecedented
With a value of $6,640 in April 2020, Bitcoin has managed to provide a return of over 800 percent to investors in the financial year 2020-21
when it soared to a six-week high of $40,501.70, early this week
Bitcoin for Dogecoin, citing environmental impact, Tesla and SpaceX founder Elon Musk recently hinted at a resurgence of interest in
whispers that the e-commerce giant could soon begin accepting bitcoin for payment, which the company has denied.Short PositionsShort
covering is the process in which investors who operate under the assumption that bitcoin prices would continue to fall liquidate their
This could be a reason behind the rally, given that nearly $800 million in BTC short positions were liquidated on the evening of August 8
However, as Bitcoin saw a slight dip on August 12, it is all eyes on the market on how the next few days will pan out.
