Bitcoin (BTC) miners are experiencing a boost in profitability, which could potentially lead to a decrease in selling pressure from this group of market participants. Following Bitcoin’s rally to $69,000, the cryptocurrency’s hashrate has seen a recovery, now only 3% lower than its all-time high compared to 8% on July 9. This resurgence in hashrate
Crypto
In a bold move, Futu Securities International, the largest online broker in Hong Kong, has recently entered the retail cryptocurrency trading scene in the city-state. This decision marks a significant step towards attracting more investors by offering the opportunity to trade popular cryptocurrencies such as bitcoin and ether. Futu Securities International has partnered with HashKey
MicroStrategy, known for being the largest public Bitcoin holder in the world, recently revealed its intention to raise up to $2 billion through the sale of its class A shares. This announcement was made in a regulatory filing with the U.S. Securities and Exchange Commission. While the company did not specify a timeline for the
Ethereum experienced a 3% loss in value this week, failing to regain its previous support level of $3,300. The current key support is now at $2,800, with the possibility of further decline if market sentiment remains bearish. The MACD and RSI indicators indicate a bearish momentum, suggesting that sellers are currently dominating the market. Until
The recent Bitcoin2024 conference has sparked a new wave of optimism among crypto investors, as prominent political figures voiced their support for Bitcoin. From Presidential Nominee Donald Trump’s plan for a national bitcoin stockpile to Senator Cynthia Lummis proposing the purchase of 1 million BTC by the U.S. Treasury, it is evident that politicians are
The recent data on Ethereum ETFs in the US paints a mixed picture, with net outflows totaling $77.21 million for the top nine ETFs. The Grayscale Ethereum Trust (ETHE) has been hit the hardest, recording $133.33 million in outflows on July 31st. Since becoming an ETF, ETHE has seen almost $2 billion in outflows. On
XRP has witnessed a significant price surge, reaching $0.66, marking an 8% increase in the past 24 hours. This surge is attributed to renewed investor optimism in the market and crucial developments within the XRP ecosystem. The number of wallets holding at least 10,000 XRP has seen a substantial rise, hitting a six-month high of
In the wake of the US government’s decision to move $2 billion worth of bitcoin holdings to a new address, the cryptocurrency market experienced a significant drop, with Shiba Inu (SHIB) seeing a 3% decrease in its price. This sudden decline raised concerns among investors, but is this just a temporary setback or a sign
DeFi Technologies, a prominent Canadian fintech company, has been making significant waves in the cryptocurrency market lately. With a core focus on diversifying its treasury strategy, the company recently announced the acquisition of another 94.34 BTC, adding to the 110 BTC it initially purchased in June. In addition to Bitcoin, DeFi Technologies has also ventured
In the midst of a market recovery, XRP has emerged as one of the top-performing crypto assets. With a significant gain of over 40% in the past week, XRP has shown a remarkable comeback, reaching a price level of $0.62, last seen in March. This surge has sparked investor confidence and led to heightened trading
