Bitcoin Erases 38% of 2020 Price Rally as Bears Gain Strength
The stage looks set for a further drop to below $9,000, albeit after a minor bounce.
Latest News
- Bitcoin Revenue in Square’s Cash App Tops Fiat Revenue for First Time in Q1
- Twilio beat Q1 estimates with revenue of $364.9M, up 57% YoY, and reports over 190K active customer accounts; stock is up about 25% after hours (Jordan Novet/CNBC)
- 3 Reports Look at North Korea’s Lazarus Group, Iran’s Farhad Exchange, and the Crypto Ponzi Futurenet
- Square reports $528M in Q1 revenues from its Cash App, with $306M coming from Bitcoin transactions, exceeding the app’s fiat revenue of $222M for the first time (Brady Dale/CoinDesk)
- Sonos debuts the $799 Sonos Arc soundbar, the $699 Sub, and the $499 Five speakers, available globally on June 10; all will require the new S2 app (Darrell Etherington/TechCrunch)