How Much Bitcoin, Ethereum And Dogecoin Does Elon Musk Own? $1M, $10M Or Is He A Whale?

Every week, Benzinga conducts a survey to collect sentiment on what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios. This week, we posed the following question to Benzinga visitors: How much Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Dogecoin (CRYPTO: DOGE) do you think Elon Musk owns?

Timeline of Bitcoin, Dogecoin, Ethereum

The recent plunge experienced in the cryptocurrency market has caused billions of dollars to flow out of the sector. As a result, the majority of cryptocurrencies are at a fraction of their values at all-time highs.

A closely followed crypto analyst is identifying three catalysts that could lead to a reversal of Bitcoin (BTC) as the benchmark cryptocurrency hovers below $20,000. In a new strategy session, the host of InvestAnswers tells his 441,000 YouTube subscribers that the price of BTC could further drop if MicroStrategy CEO Michael Saylor decides to sell The post These Three Catalysts Could Spark a Bitcoin (BTC) Reversal, According to Top Crypto Analyst appeared first on The Daily Hodl.

Dogecoin price analysis shows price on the up once again after touching the lowest point in a year at $0.049. DOGE price has been struggling to consolidate meaningful momentum since the start of June 2022, with price initially stuck horizontally around the $0.081 mark, before declining down to the current resistance at $0.063.

On-chain data shows the Bitcoin reserve of derivative exchanges has surged up recently as the price of the crypto has continued to crash down. Bitcoin Derivatives Exchange Reserve Observes Sharp Uptrend As explained by an analyst in a CryptoQuant post, the crashing BTC price may be forcing whales and long-term holders to open short positions in order to hedge their portfolios.

Data shows the Bitcoin mining hashrate has already plunged down since the new all-time high as the crypto's price has continued to struggle. Bitcoin Weekly Hashrate Sharply Trends Downward The “mining hashrate” is an indicator that measures the total amount of computing power connected to the BTC network.

The U.S. Department of Labor is receiving pushback from an industry initiative, requesting it rescind its previous guidance on including crypto in 401(k) plans. The post U.S. Department of Labor Faces Pushback Over 401(k) Bitcoin Plans appeared first on BeInCrypto.

Key takeaways: Sam Bankman-Fried's Alameda Research has lent Voyager digital 200 million USDC and 15k Bitcoin. The digital assets are meant to safeguard Voyager Digital's customers' assets during the current crypto market volatility.

Bitcoin's dominance over altcoins is down by 5% after the latest drop in value to the $18,000 price point as we reported in our latest Bitcoin news. The bears continued to compete over the market as they pushed BTC to another 18-month low of $17,500 with the altcoins being in a state of despair and

Ethereum risks dropping further after breaking below the $1K price point in a 2018-like bearish cycle so let's read more today in our latest Ethereum news. Ethereum risks dropping further after the latest crash below $1,000 with the ongoing sell-off on the market bringing a lot more pain for cryptocurrencies.

June's second week-sell off plunged the ETH/USDT pair to a low of $896.1. However, the high demand pressure prevented a daily candle from closing below the $1000 support, resulting in long-tail rejection.