Bitcoin enters 'a new era' as whales scoop up over 47K BTC during price pullback
Bitcoin whales have added over $2.9 billion worth of BTC, which helped it recover above the $60,000 mark, but can Bitcoin price close the week above $60,000?
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Top Coins Continue to Decline, Bitcoin Drops to $8,300 Threshold
Friday, Oct. 11 — Major cryptocurrency markets have continued sliding over the day, with only three coins in the top-20 list reporting gains.Cryptocurrency market daily overview. Source: Coin360The top cryptocurrency Bitcoin (BTC) is trading at around $8,355, having lost 2% on the day at press time. The majority of the decline took place over a…
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Bitcoin price bouce will occur when ‘weak hands’ capitulate and hashrate recovers
Analysts say Bitcoin price will rally only after BTC miners capitulate and the network’s hashrate recovers.
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Fed chair says it’s up to Congress to bring a digital dollar to market
Jerome Powell added that the Federal Reserve needed to consider the health of other markets when creating a digital currency. 3412 Total views 15 Total shares Federal Reserve chair Jerome Powell said 2021 will likely have the central bank engaging with the public and lawmakers regarding the digital dollar.In a House Financial Services Committee hearing…
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North American Investors Vastly Favor Bitcoin Over Other Cryptocurrencies
North America-based institutional investors tend to buy and hold cryptocurrency more than those based in East Asia, according to Chainalysis. Bitcoin (BTC) is the most popular cryptocurrency for trading in every region of the world, but North American investors are the cryptocurrency’s biggest fans, a new report says.On Aug. 6, major crypto analytics firm Chainalysis…
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Asset tokenization project DeFi Money Market shuts its doors
DMG token holders take to Twitter to grieve as their holdings crash 75% 2584 Total views 16 Total shares DeFi Money Market, one of the earliest projects aiming to bring real-world assets on-chain, abruptly announced last night that it has “ceased operations.” “As a result of regulatory inquiries, DMM is shutting down,” a statement on the…
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CleanSpark scoops up 1K+ mining rigs at ‘substantially discounted price’
“We are seeing unprecedented opportunities in this market,” said CleanSpark president and CEO Zach Bradford. 169 Total views 3 Total shares Crypto mining firm CleanSpark announced the purchase of more than 1,000 Bitcoin miners amid the market downturn, reporting a “substantially discounted price” compared to that earlier in 2022.In a Thursday blog spot, CleanSpark said…
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Official: Alipay to Ban All Bitcoin-Related Transactions
Alipay, a digital payment arm of Chinese e-commerce giant Alibaba, declared that it will be banning any transactions related to Bitcoin (BTC) or other cryptocurrencies.Combating illicit playersOn Oct. 10, Alipay has reiterated its anti-crypto stance in a Twitter thread, elaborating that the company is closely monitoring over-the-counter transactions to identify irregular behavior and ensure compliance…
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Zcash (ZEC), Kusama (KSM) and Hedget (HGET) soar as Bitcoin hits $40K
The sharp correction in Bitcoin (BTC) may have shaken out many leveraged traders, but the data shows whales and institutions aggressively purchased the dip and now bulls have shown they are determined to push Bitcoin price back above $40,000. The total crypto market capitalization has also recovered and surged back above $1 trillion. Crypto market data daily…