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Bitcoin’s grim close, Tesla’s crypto sell-offs, Ether’s jaw-dropping surge

May 1, 2021. Summarized by summa-bot.

Compression ratio: 25.4%. 2 min read.

Bitcoin clocks up first April loss since 2015 despite sudden bullish surge, ETH’s market cap overtakes PayPal after new record highs, and Tesla sells off part of its crypto.

That’s the first time the world’s biggest cryptocurrency has closed the month of April in the red since 2015. A contributing factor to upbeat market activity may have been linked to an astounding surge in revenues at MicroStrategy, a company that owns 91,000 BTC. MicroStrategy CEO Michael Saylor said: “We will continue to acquire and hold additional Bitcoin as we seek to create additional value for shareholders. ”Ethereum’s market cap exceeds platinum’s for the very first timeWhile Bitcoin had lost its footing for most of the week, Ether has gone from strength to strength. The No. 2 cryptocurrency continues to break new all-time highs — with the latest record of $2,879. 75 set on Saturday. Overall, 2021 promises to be a crucial year for the Ethereum blockchain as the long-awaited Eth2 upgrade takes shape.

Chris wants to do that. ”Yoshitaka Kitao, SBI Group CEO“Facebook has purchased 0 bitcoin for an aggregate price of $0 in a strategic corporate move to have fun staying poor. ”Texan Hodl“If you sold #Bitcoin because Facebook didn’t buy any in Q1 and you also think you’re GMI, I have some unfortunate news for you. ”Travis Kling, Ikigai CEO“HMRC suspects that an increasing amount of hidden wealth is slipping through its fingers thanks to the rise of cryptocurrencies. ”David Jones, UHY Hacker Young director“With blockchain analytics, the thing we say over and over is that all this activity is on this ledger forever, and if you did something bad 10 years ago you can be caught and arrested for it today. ”Sarah Meiklejohn, computer scientist“Rather than investing in cryptocurrency stuff, I want to focus on the extreme life extension technologies because if you die, you can’t enjoy your life anymore. ”Roger Ver, Bitcoin. com founder“This recent recovery in Altcoin Market Cap is much sharper than the post-retrace recovery in February. ”Rekt CapitalPrediction of the WeekEther will always come second to Bitcoin, says Shark Tank’s Kevin O’LearyDespite ETH strengthening further against BTC this week, Shark Tank star Kevin O’Leary still believes that Bitcoin will remain top of the crypto rankings. Speaking to CNBC, he declared: “Bitcoin will always be the gold, Ethereum will always be the silver. ”The Shark Tank star said he had owned crypto since 2017, announcing last month that he would be allocating 3% of his portfolio into Bitcoin.

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