{"id":103749,"date":"2021-05-20T06:00:55","date_gmt":"2021-05-19T22:00:55","guid":{"rendered":"https:\/\/www.mediaintel.asia\/?p=383557"},"modified":"2021-05-20T06:00:55","modified_gmt":"2021-05-19T22:00:55","slug":"seven-straight-days-of-bitcoin-tumbling-plus-eos-ebay-and-facebook-updates-etoro-market-analysis","status":"publish","type":"post","link":"https:\/\/www.chinalegalblog.com\/en\/2021\/05\/20\/seven-straight-days-of-bitcoin-tumbling-plus-eos-ebay-and-facebook-updates-etoro-market-analysis\/","title":{"rendered":"Seven Straight Days of Bitcoin Tumbling, Plus EOS, eBay and Facebook Updates \u2013 eToro Market Analysis"},"content":{"rendered":"<div align=\"center\"><a href=\"https:\/\/www.mediaintel.asia\/\" title=\"MediaIntel.Asia provides Media Intelligence and Media Monitoring in Asia\" ><img src=\"https:\/\/www.mediaintel.asia\/wp-content\/uploads\/mediaintelasia-logo-blackyellow-400x300-1.png\" border=\"0\" width=\"200\" height=\"150\" alt=\"MediaIntel.Asia\"><\/a><\/div>\n<p>Bitcoin Ethereum News<br \/>\nThe price of Bitcoin has tumbled over 25% in seven days, hitting a low of $42,025 over the weekend, as investors took profits en masse. (It is now trading at $38,163 after further declines.)<br \/>\nBitcoin, as well as peers such as Ethereum which have also slumped by similar amounts in the last week, has sold off after a staggering year-to-date run that saw it double since the start of 2021.<br \/>\nAmid a wave of profit-taking last week, much of the reason for the sell-off is being placed on Elon Musk, the Tesla CEO, after he issued a series of tweets about Bitcoin, its energy usage and the company\u2019s position in the crypto asset.<br \/>\nMusk tweeted,<br \/>\n\u2018We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel.<br \/>\n\u201cCryptocurrency is a good idea on many levels, and we believe it has a promising future but this cannot come at a great cost to the environment.<br \/>\n\u201cTesla will not be selling any Bitcoin and we intend to use it for transactions as soon as mining transitions to more sustainable energy. We are also looking at other cryptocurrencies that use<\/p>\n<p>This data comes from <a href=\"https:\/\/www.mediaintel.asia\/\" title=\"MediaIntel.Asia provides Media Intelligence and Media Monitoring in Asia\" >MediaIntel.Asia's Media Intelligence and Media Monitoring Platform<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin Ethereum News<br \/>\nThe price of Bitcoin has tumbled over 25% in seven days, hitting a low of $42,025 over the weekend, as investors took profits en masse. (It is now trading at $38,163 after further declines.)<br \/>\nBitcoin, as well as peers such as Ethe&#8230;<\/p>\n","protected":false},"author":253,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[413,669,639,1527,49,671,931,477,194,465,78,1242,484],"tags":[5567,7705,8493,10324,10333,10648,10318,6389,8395,10209,1845,6823,10490,6944],"class_list":["post-103749","post","type-post","status-publish","format-standard","hentry","category-advertising","category-bank","category-california","category-currency","category-e-commerce","category-finance","category-india","category-investment","category-news-chinese-law","category-social-media","category-software","category-twitter","category-united-states","tag-bitcoin","tag-blockchain","tag-britain","tag-covid-19","tag-crypto","tag-dogecoin","tag-dollar","tag-electric-vehicle","tag-elon-musk","tag-ethereum","tag-facebook","tag-fintech","tag-singapore-technology","tag-tesla"],"_links":{"self":[{"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/posts\/103749","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/users\/253"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/comments?post=103749"}],"version-history":[{"count":1,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/posts\/103749\/revisions"}],"predecessor-version":[{"id":103750,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/posts\/103749\/revisions\/103750"}],"wp:attachment":[{"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/media?parent=103749"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/categories?post=103749"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/tags?post=103749"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}