Musk Reacts To Jack Dorsey's Bitcoin Web5 Project, Says Dogecoin Web69 Would Be Fire

Twitter Inc (NYSE: TWTR) co-founder and its former CEO Jack Dorsey is planning to create a new decentralized web that will be centered on Bitcoin (CRYPTO: BTC). With his Block Inc (NYSE: SQ) subsidiary TBD, Dorsey aims to build Web5 based on Bitcoin and believes it will play an integral part in the evolution of the internet.

Timeline of Bitcoin, Dogecoin

The purchase was announced in a tweet saying it was meant to “safeguard the overall blockchain industry and crypto market.” The post Tron Dao buys $50M of Bitcoin and TRX to add to USDD reserves appeared first on The Block.

Over the past four weeks, the Bitcoin(BTC) price wavered between the $32000 and $28600 mark. However, on June 11th, the sellers settled this consolidation with a $28600 breakdown, suggesting an extension in the overall downtrend.

The global cryptocurrency market was on track for another decline on Saturday, as Bitcoin and other top cryptocurrencies took a significant blow throughout the day. The $1.19 trillion crypto industry is currently worth less than it did in July of last year.

As Bitcoin mining operations require more high degree of electricity than any other consumers, County Public Utility District (PUD) Commissioners have approved a bill this week to charge Bitcoin miners in Chelan County, Washington, with increased rates for electricity. As per the report of 560 KPQ on June 8, the approved bill implies around a

Jim Cramer, the host of CNBC's Mad Money, still believes there are “fortunes to be made in crypto.” What Happened: In a recent interview on CNBC's Make It, Cramer said he couldn't tell people not to own crypto because he still owns Ethereum (CRYPTO: ETH).

The price of Dogecoin (DOGE) is in a downward correction, but has resumed selling pressure. The cryptocurrency is declining to regain the previous low at $0.06. The recent decline is a rejection of the 21-day line SMA.

On Thursday (June 9), American billionaire investor Stanley Freeman Druckenmiller shared his latest thoughts on crypto. Druckenmiller started his career as an equities analyst at Pittsburgh National Bank. Then in 1981, he founded investment firm Duquesne Capital Management, which had a positive return every year until he decided in August 2010 to quit the hedge fund business

Dogecoin continues to plunge as it failed to retain support at the $0.08 level. The bad news is that the Dogecoin price can still fall further down as the bears appear to have bypassed the triangular structure that has latched ferociously around it the previous month.

On Sunday (June 12), popular crypto analyst Benjamin Cowen commented on how he expects altcoins to perform versus Bitcoin in the current bear market. Earlier today, Cowen told his over 665K Twitter followers: Cown also believes that $BTC dominance, which is currently around 45.6%, will increase to as much as 60% later in the year. According to

A closely tracked market analyst is predicting a significant pullback for Bitcoin (BTC) and altcoins, which he says could drive the value of all crypto assets below the $1 trillion level. Justin Bennett tells his 101,000 Twitter followers that the TOTAL chart, which tracks the market capitalization of all cryptocurrencies, is in the midst of The post Crypto Market Pullback Imminent, According to Top Analyst – Here's His Downside Targets for Bitcoin and Altcoins appeared first on The Daily Hodl.