Hey, Your Crypto Newsletter for February 26, 2021

If you are interested in cryptocurrencies, this newsletter is for you. [FeedBinary Newsletter]( You Might Like     [Learn more about RevenueStripe...]( [Bitcoin cracks 19% to fall below $49,000 level as crypto rally falters](  Cryptocurrencies extended losses on Wednesday, with Bitcoin cracking 19% to slip below the $49,000 level. The biggest cryptocurrency, in terms of market capitalisation, traded at $49,767, down 14.6% at around 1155pm, as per data available with WazirX. Bitcoin had hit an all-time high of $58,332.36 last week. “Over the last 24 hours, crypto markets saw a bloodbath with all major cryptocurrencies taking a plunge. Bitcoin price dropped as much as 19% and is trading at $47,400 at the time of writing. Many analyst points towards an over-leveraged market as the primary cause for the price dip. The second-largest cryptocurrency by market cap faced a severe blow too after hitting its all-time high price of $2,000. It is currently trading at $1500. The gas fee on the Ethereum blockchain is also seeing a record high spike leading to a $25 million liquidation on DeFi platforms,” said Ashish Singhal, chief executive officer and co-founder, CoinSwitch Kuber, cryptocurrency investment platform. [Read More](  [Elon Musk Reveals Why He Loves Dogecoin After Tweeting In Support Of Meme Cryptocurrency]( Tesla CEO Elon Musk on Wednesday told one of his 45 million followers on Twitter why was he, after all, such a big fan of the cryptocurrency Dogecoin. Following his tweet wherein the infamous Shiba Inu dog, a meme that inspired the cryptocurrency, was seen clad in a spacesuit standing on the lunar surface holding a flag, one of Musk’s followers asked, ‘Why do u love Doge so much?’ Shortly, the Tesla boss responded in the comments thread, saying, that he “loves dogs and memes.” Dogecoin was launched in 2013 when the popularity for the Doge meme was at its highest, and the cryptocurrency’s Stockmarket trading and investments were propelled by Reddit and billionaire Elon Musk. Following in Musk’s footsteps, many celebrities took to their social media networks to promote DogeCoin that surged the currency to a record value. The meme token, since, has become a favourite among the followers of Tesla maker, who has fired umpteen tweets in favour of the joke token. [Read More](  [Robin Hood has added 6 million crypto users in the last two months]( On Thursday, online brokerage firm Robin Hood has 6 million new users in the first two months of 2021 amid rising retail volume and soaring prices of cryptocurrencies such as Bitcoin and Dogecoin. Said to sign up for a cryptocurrency service. In 2020, Robin Hood’s crypto division will have an average of about 200,000 new customers a month trading on its platform, the company said in a blog post.  A Robin Hood spokeswoman didn’t reveal the total number of customers trading cryptocurrencies through an app that also offers trading stocks and options. The price of Bitcoin, the world’s largest cryptocurrency, rose by more than 300% in 2020, with a market capitalization of over $ 1 trillion this month, reaching a record high of $ 58,354, but then falling below its highest. It was. Dogecoin has also skyrocketed in value and has been caught up in the social media-fueled retail frenzy that has pushed up the prices of so-called meme stocks such as GameStop Corp. [Read More]( You Might Like     [Learn more about RevenueStripe...]( Connect with FeedBinary on Facebook and Twitter [Facebook]( [Twitter]( [Linkedin]( TextYou received this email because you operate or create content for a website/service and based on your website it seemed like this could be important information to you and your users. Mystical-Universe newsletter is managed by [Postbox Consultancy Services Pvt. Ltd](.C-4/5, IBD Emporia, Kolar Road, Bhopal, Madhya Pradesh, INDIA, 462042 Want to change how you receive these emails? [Update your preferences]( or [Unsubscribe](