Altcoin News by Thebittimes.Com

Bitcoin Cash price is entangled in a futile tug-of-war between the bulls and bears. This fruitless search for a bottom as the bear market wreaks havoc is not unique to the Bitcoin (BTC) fork. The largest cryptocurrency has been forced to face a new technical outlook after slipping beneath $19,000. If this support is not reclaimed as soon as possible, Bitcoin price could lose more ground toward its June low at $17,708. On the other hand, Bitcoin Cash dodders at $104 ahead of the weekend on Friday, October 21, 2022. It has been five years since BCH achieved its all-time high of $3,785. The token has now retraced 97.2% from that record high. The future of Bitcoin Cash is intertwined with that of the general cryptocurrency market. If pressure does not ease off BCH, support at $100 could be obliterated in favor of a n extended leg down to $79.25. Bitcoin Cash may retest its all-time low at $76.93 before reversing the trend significantly north. Can Bitcoin Cash Price Exp...

Tesla and its CEO Elon Musk have had a love-hate relationship with Bitcoin [BTC]. Musk created quite the buzz after dropping support for the king coin and reducing Tesla’s BTC holdings over the last couple of months. Despite this, the electric car manufacturer continues to hold $218 million worth of Bitcoin. Just yesterday, Tesla released its Q3 earnings report and noted how the firm did not add or sold its Bitcoin holdings since the last quarter. It should be noted that the firm sold 75 percent of its Bitcoin holdings back in June. This was roughly $936 million worth of BTC and afterward, the firm was left with $222 million in BTC by the end of June. Back in February 2021, Tesla declared that it entailed $1.5 billion invested in Bitcoin. However, as mentioned earlier, the firm got rid of nearly $950 million worth of BTC. Elaborating on the reason behind this sale, Musk stated during the Q2 investor call, “It was important for us to maximize our cash position, gi...