{"id":4547,"date":"2021-05-21T11:47:07","date_gmt":"2021-05-21T11:47:07","guid":{"rendered":"https:\/\/www.top10pokersites.net\/news\/?p=4547"},"modified":"2021-05-21T11:47:07","modified_gmt":"2021-05-21T11:47:07","slug":"crypto-blood-bath-not-deterring-players-from-crypto-poker-rooms","status":"publish","type":"post","link":"https:\/\/www.top10pokersites.net\/news\/crypto-blood-bath-not-deterring-players-from-crypto-poker-rooms","title":{"rendered":"Crypto Blood Bath Not Deterring Players From Crypto Poker Rooms"},"content":{"rendered":"

\"CryptocurrencyMultiple poker rooms have started to offer cryptocurrencies as a mode of payment during the last few years as the cryptocurrency market started getting global exposure in 2018 due to the sudden spike in Bitcoin<\/a>\u2019s (BTC) value. The world\u2019s most popular cryptocurrency shot up from $2,000 in Jan 2018 to over $20,000 by December 2018.<\/p>\n

When BTC plunged back to $5,000 a few months later, lots of poker rooms who were thinking about embracing crypto decided to hold off. However, that did not last long as BTC once again skyrocketed<\/a> and went up to $60,000 in April 2021. <\/p>\n

Multiple crypto poker rooms have reported an increase in player transactions in recent months as poker players were keen on increasing their crypto earnings.<\/p>\n

Crypto analysts were predicting that the bull market would come to an end nearing the end of 2021 and BTC would see a correction. However, they got their calculations wrong as BTC plunged to $36,000 this week<\/strong> and the entire crypto market witnessed a blood bath as multiple coins dropped by over 80 percent<\/strong>. <\/p>\n

Elon Musk<\/strong> started it all as the billionaire\u2019s negative tweet about bitcoin not being environmental friendly and consuming too much energy caused BTC to drop significantly. <\/p>\n

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Tesla & Bitcoin pic.twitter.com\/YSswJmVZhP<\/a><\/p>\n

\u2014 Elon Musk (@elonmusk) May 12, 2021<\/a><\/p><\/blockquote>\n