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Leading cryptocurrency Bitcoin fell below $20,000 and currently trades at around $19,400. In the last 24 hours, the price of the coin saw a 7% decline. The last time Bitcoin touched this level was in December 2020. Ether trades at around $1000. The global crypto market cap stands at $851 billion. ...
Data from the blockchain analytics platform Glassnode shows that the number of addresses holding more than 1 Bitcoin hit a new all-time high of 858,647. This indicator shows that the current price decline is considered as an investment opportunity for many. In the last 7 days, the coin fell by...
SkyBridge Capital founder Anthony Scaramucci said in April that his fund invests the lion's share of its capital in cryptocurrencies. This week, the financier admitted on CNBC that SkyBridge Capital took advantage of the fall in the crypto market and increased reserves in bitcoin and ether....
Many experts look at the $20,000 mark as an important psychological level for bitcoin. For example, Arthur Hayes, the founder of the BitMEX exchange, tweeted earlier this week that if BTC falls below $20,000, then we are in for a deeper dive into the leading digital currency. Galaxy Digital CEO...
Arthur Hayes, the founder of the BitMEX crypto exchange, fears that the market has not found a bottom yet, and we are in for a deeper dive. The day before, he posted a post on Twitter in which he predicted a new phase of the weakening of bitcoin and ether. If the leading digital currencies fall...
The fall in the cost of bitcoin did not scare the miners, they have been increasing their capacity over the past few days. On June 12, the BTC hashrate hit 231,428 exahash per second (EH/s), a new record in the history of the cryptocurrency. The lion's share of bitcoin power is generated by miners...
After inflation has set a new record high, risk assets like stocks and cryptos have been seeing a large selloff and price decline. The largest cryptocurrency, Bitcoin fell below $23,000, its lowest in 18 years. Amid the extremely volatile market conditions, a leading crypto lending platform Celsius...
Binance, the largest crypto exchange by trading volume temporarily paused Bitcoin withdrawals amid the market selloff as the price of the coin fell below $24,000. Binance CEO Changpeng Zhao or CZ announced about the issue on Twitter, saying that it was caused by a stuck transaction which led to a...
Global financial markets were shocked another time as the US inflation hit a 40 year high. The annual rate of inflation rose to 8.6%. Reports came on Friday, and led to a sell off of global risk assets such as stocks and cryptos. In the last 7 days, the Bitcoin price fell by around 20.7%, dropping...
Jan Van Eck, CEO of VanEck Asset Manager, in an interview with Barrons, predicted the price of the first cryptocurrency to rise to $250,000. “But that could take decades. It is difficult to set a time frame for this,” he added. According to Van Eck, bitcoin has a bright future and has to reach...
In June, high temperatures in Texas led to record levels of energy consumption and impacted local bitcoin miners. On June 9, electricity demand in the state peaked at 75,437 MW, according to the state's main utility ERCOT. Many Texas-based miners have entered into agreements with the provider to...
According to US Treasury Secretary Janet Yellen, it is extremely risky to invest pension savings in digital currencies. These are very volatile instruments, so Congress needs to take action. Yellen has repeatedly criticized virtual currencies in the past. According to her, such tools are used by...
The Asian trading session on Thursday, June 9 started with a slight increase in the main indicators of business activity. Cryptocurrencies have also attracted capital, and bitcoin bounced back minimally. At the time of publication of this review, BTC was trading at $30,256. Altcoins are trading in...
American media personality Jim Cramer recommends buying Bitcoin or Ether. He is a believer in the crypto industry but advises only a speculative investment that's less than 5% of one's portfolio. The TV host told CNBC Make It he owns Ether and can't tell anyone not to own crypto. At first, Cramer...
Over the past 24 hours, investors have withdrawn tens of thousands of bitcoins from the Coinbase exchange. The outflow was about 30,000 coins. Thus, the BTC balance on the trading floor fell to its lowest level since May 16. The reduction in the market supply of the asset had a positive effect on...
In the fall of 2021, a law recognizing bitcoin as a means of payment began to operate in El Salvador. The initiator of the adoption of this document was the President of the Latin American state, Nayib Bukele. The Institute of Public Opinion at the José Simeón Cañas University conducted a survey...
On June 6, the capacity of Bitcoin's Lightning Network (LN) set a new ATH. Data from Glassnode shows that this metric surpassed 3.970. Capacity indicates the overall amount of BTCs locked in the network. Launched in 2018, Lightning operates on top of the BTC blockchain and enhances its scalability....
According to the former CEO of the BitMEX exchange, Arthur Hayes, bitcoin will not be able to stay above $30,000. The coin will resume its retreat in the near future and find a bottom at around $25,000. Ether (ETH) is also likely to be correct, and Hayes identified its fundamental values in...
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