BTC Tumbles After Hitting $24K 📉

...And Is Tesla Gonna Buy Bitcoin?! 🚨 Mon. Dec 21, 2020 "The most important quality for an investor is temperament, not intellect." 🤓 - Warren Buffett Market Activity Total Market Cap $636.6 BN (-4.59%) 24 Hour Volume $213 BN (+21.37%) Notable Movers Chiliz [(CHZ)]( Bitcoin Dominance 66.2% (+0.91%) Bitcoin Price $22,703 (-3.71%) Cointelegraph says [Bitcoin]( critics have fallen silent in 2020. Decrypt writes that BTC has been pulled down by massive sell-offs across global markets. CoinDesk reports that Bitcoin managed to cap off its best week in 20 months with gains of 23%. AMBCrypto argues that [Ether]( and [DeFi]( shouldn’t be ignored during Bitcoin’s rally. The Weekend News 🚨 Everything you’ve ever wanted to know about crypto and more at... [CMC Alexandria!]( [Nightmare Before Christmas?]( 😱 [Bitcoin]( hit $24,000 over the weekend — but as Nelly Furtado once said, all good things must come to an end. On Monday, BTC tumbled below $22,200 at one point… a fall of 8.4% in 24 hours. Analysts had widely been expecting that prices would fall to some extent. The sell-offs were more severe for [XRP]( and [Litecoin]( with both altcoins now in correction territory. [Catch up on the latest market movements here.]( [Is Tesla Getting Into Bitcoin?]( 😎 Has MicroStrategy’s Michael Saylor just persuaded Elon Musk to buy [Bitcoin]( On Twitter, Saylor had said Musk could do his shareholders a "$100 billion favor" by switching Tesla’s balance sheet from dollars to Bitcoin. Musk replied by asking whether it was possible to complete such a large transaction. [Read their full Twitter conversation here.]( [MicroStrategy’s $1B Bet on BTC]( 💰 Speaking of MicroStrategy, it’s official: the company now owns more than $1 billion in [BTC](. The publicly listed firm has snapped up another 29,646 BTC after raising $650 million by selling debt securities. In total, it has 70,470 BTC in its coffers, which were purchased for an average of $15,964. That equals a current profit of approximately $470 million. [Read more]( [U.K. Exchange Suffers Hack]( 🇬🇧 EXMO has suspended withdrawals after 5% of its total assets were stolen from hot wallets. The company discovered suspicious activity involving six cryptocurrencies in the early hours of Monday. The police are now involved — with the London-based exchange stressing that cold wallets were unaffected and any user losses will be "covered completely." [Here’s the latest.]( Poll of the Day 📣 Back on Friday, we talked about losses — but today, we’d love to know whether you’re tempted to cash out your profits now [BTC]( has broken records. On a scale of 1-5 (5 being definitely,) are you tempted to sell your Bitcoin at the current price? [Rate 1-5]( We’d also love to know why you bought Bitcoin… and what price you bought it for! What You Said 🔊 Previously on the CoinMarketCap newsletter, we asked you this… Have you ever sold your crypto… and then regretted it? Thanks for all your responses — 66.2% said yes, and 33.8% of you said no. We asked for some of your stories, and here’s what you had to say… One of you wrote: "Not a big deal but I needed quick cash. It was XLM and I made about 4X on the sale. I can not repurchase at anywhere near the same price as the original purchase." 😞 Another adds: "I sold 1 BTC at $10,000." 😖 This has got to hurt: "I sold BTC at $5,000 before the 2018 hype." 🥺 Think of all the missed profit here: "I sold 1 BTC at $280." 😤 Here’s a similar tale of woe: "I sold 2 BTC for $700." 😡 Hindsight is a wonderful thing: "I had 5 BTC I bought at $300 and sold at $1,000. I kick myself everyday for not HODLing it!" 🤬 This poor guy missed out on a six-figure windfall: "I sold 10 Bitcoins for less than $1,000." 🤯 And the last word goes to this reader: "In 2012, I had half a Bitcoin and forgot about it. In 2017 I rediscovered my Bitcoin and found it was worth about $10,000, I then frittered away a good part of it on useless ICOs because I was greedy. I was left with about $500, which I'm pleased to say is now worth $2,500. I have learned my lesson — HODL." 😳 Crypto Deep Dive 🏊 And last but not least, it’s time for a deep dive into one of the projects making waves in CoinMarketCap’s rankings. This week, [The Graph (GRT)]( in the spotlight. This digital asset has a market cap of $713,946,206, making it 38th in our rankings. The gist of it 📖 - The Graph is a protocol that allows developers to search, use, publish and index data from networks such as Ethereum and IPFS - In time, it’s hoped that The Graph will become a vital part of Web 3.0 Why people love it 😍 - GRT, the project’s native token, has been listed on a plethora of major exchanges — with Coinbase Ventures investing in the platform - The Graph has been embraced by some of the world’s biggest DeFi protocols Why people doubt it 🤔 - Some fear that GRT’s recent, dramatic price surge isn’t sustainable - In the space of three days since the mainnet launched, GRT’s market cap has surged above $700 million Thank you for reading! Have a great day — more news tomorrow! 💙 😍 our newsletter? [Share](mailto:?subject=Check%20out%20this%20awesome%20newsletter!&body=You%20should%20subscribe%20to%20this%20newsletter%20for%20the%20top%20news%20in%20crypto%20%26%20blockchain%3A%20https%3A%2F%2Fcoinmarketcap.com%2Fnewsletter%2F) with a friend! 😡 our newsletter? 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