News
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Cryptocurrency outflows continue but XRP and Solana gain investor confidence
- September 26, 2023
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No CommentsA recent report from CoinShares on the crypto market flow indicates a shifting sentiment among traders, with increased confidence in assets like XRP and Solana. However, the broader cryptocurrency market saw its sixth consecutive week of outflows, raising questions about the overall direction of digital asset investments. In the week ending September 24th, crypto investment
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Bitcoin’s price at $26.5K as Bitcoin speculator supply reaches 12-year low
- September 25, 2023
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Bitcoin (BTC) has been a fascinating subject of analysis in recent weeks, primarily due to its remarkable price stability, which has kept it tethered around the $26,500 mark. This consistency is especially remarkable when considering the broader financial landscape’s ups and downs, including macroeconomic volatility stemming from the United States. Traders and investors have been
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Bitcoin Spark challenges Ethereum and Dogecoin
- September 25, 2023
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Bitcoin Spark (BTCS), a new player in the crypto landscape, is causing a stir in the cryptocurrency world with its groundbreaking Proof-of-Process (PoP) protocol. Currently in its sixth phase of the Initial Coin Offering (ICO) at a price of $2.75, the BTCS token offers a wide array of use cases within its ecosystem. These applications
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Bitcoin and Ethereum experience minimal price fluctuations of about 1%
- September 24, 2023
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Bitcoin and Ethereum, the key players in the cryptocurrency space, are currently experiencing minimal price fluctuations, hovering around the 1% mark. Bitcoin sits at approximately $26,500, while Ethereum is trading near $1,600. This intriguing stability in their prices may be attributed to a subdued trading volume, raising questions about potential future market developments. Tight trading
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Base overtakes Solana with nearly $400 million in total value locked (TVL)
- September 24, 2023
- Posted by: [email protected]
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According to DeFiLlama data, Solana’s Total Value Locked (TVL) has dropped 9.64% in the last month, settling at $358.96 million. Meanwhile, Base has experienced a significant increase in TVL, reaching a remarkable $397.32 million. The surge in TVL has positioned Base ahead of the Solana network, placing it as the dominant player in the space.
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Bitmain signs $77 million deal with Core Scientific to bolster Bitcoin mining operations
- September 23, 2023
- Posted by: [email protected]
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Bitmain, one of the world’s leading cryptocurrency mining hardware manufacturers, has signed a critical deal with Core Scientific, a crypto mining firm that just filed for Chapter 11 bankruptcy. This agreement, which was initially concluded in August, includes a strategic combination of equity and cash with the goal of significantly enhancing the capabilities and infrastructure
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Managing Bitcoin bullrun expectations in an evolving landscape
- September 22, 2023
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In the world of cryptocurrency, opinions are divided on when the next bull market will ignite. Experts agree, however, that the next crypto bull run will be fundamentally different from its predecessor. Investors need to reduce their expectations of an imminent price rocket in the crypto market. These sentiments were expressed by Lars Seier Christensen,
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Bitcoin’s remarkable energy transformation is an accomplishment few industries can match
- September 22, 2023
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According to recent Bloomberg research, Bitcoin’s evolving energy landscape has been described as an accomplishment that few industries can boast. Despite the continuous growth of Bitcoin’s hash rate, the cryptocurrency’s emissions intensity has been steadily declining, a departure from the trajectory of most other sectors. Over the years, the Bitcoin network has expanded significantly, yet
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Bitcoin traders aggressive shorting signals potential price reversal
- September 22, 2023
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The world’s largest cryptocurrency, Bitcoin (BTC), has been lingering around the $27,000 mark, accompanied by significant trader and network activity. On-chain data reveals a notable increase in short positions by traders, a trend that could trigger a short squeeze, potentially driving Shiba Inu’s price higher. According to Santiment, an on-chain data provider, Bitcoin traders have
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Bitcoin’s price surges to 27k support ahead of FOMC
- September 21, 2023
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As the crypto world eagerly awaited the Federal Open Market Committee’s (FOMC) latest interest rate decision and accompanying press conference, Bitcoin enthusiasts found themselves on the edge of their seats, predicting spicy price fluctuations in the cryptocurrency’s value. Leading up to September 20, Bitcoin stood strong at the $27,000 mark, marking a pivotal date in