The cryptocurrency market faced significant volatility this past week, with Bitcoin experiencing a steep drop of ten thousand dollars from Monday to Sunday morning. The dramatic fluctuation in prices can be largely attributed to factors stemming from the United States. At the beginning of the week, Bitcoin’s price surged by three thousand dollars on Monday,
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Over the weekend, Bitcoin experienced a significant drop in price, falling below the $60,000 mark for the first time in weeks. This downward trend was also reflected in the altcoin market, with Ethereum dropping below $2,900 and other coins such as SOL, DOGE, and BCH seeing losses of 6-7%. Last weekend was marked by volatility
Cryptocurrency enthusiast, Opeyemi, is a skilled writer who has found his niche in the dynamic world of digital assets. Despite initially not considering the digital asset industry as his primary interest, Opeyemi has been captivated by the realm of cryptocurrency for over two years. His passion for unraveling the complexities of blockchain technology and sharing
Bitcoin’s recent price drop below the $64K support level has put the cryptocurrency in a critical position. The double top pattern at the $68K resistance level indicates a bearish trend, with the price now testing the 200-day moving average. The failure to hold above this level could lead to a more significant decline towards $52K.
Bitcoin (BTC) miners could potentially experience less selling pressure in the coming weeks due to a combination of factors. As reported by CryptoQuant, there has been a significant increase in the profitability of miners following the recent rally of Bitcoin to $69,000. Additionally, the hashrate of the Bitcoin network has also made a strong recovery,
Cryptocurrency has taken the financial world by storm, with more and more individuals jumping into the digital asset space. One key aspect of this industry is crypto journalism, where writers delve into the complexities of blockchain technology and digital currencies to provide insights and analysis. One such writer making waves in this field is Semilore
The recent economic uncertainty in the US has had a significant impact on the cryptocurrency market, particularly on Bitcoin. In the past day or so, Bitcoin’s price has plummeted to $60,500, marking its lowest point in almost three weeks. This downward trend was exacerbated by the weak job report in the US, which indicated a
Toronto-based Bitcoin mining company Bitfarms has recently announced a significant milestone in its operations. By the end of July, the company’s operational hash rate had soared to 11.1 EH/s, marking an impressive 109% increase year-over-year and a 7% rise month-over-month. This achievement reflects the company’s commitment to continually enhance its mining capabilities and stay ahead
MicroStrategy’s recent announcement regarding their plans to raise up to $2 billion through the sale of its class A shares has generated significant interest in the cryptocurrency community. This move comes as the company aims to bolster its Bitcoin holdings, further solidifying its position as the world’s largest public Bitcoin holder. The decision to raise
In a bold move, Futu Securities International, the largest online broker in Hong Kong, has ventured into the world of retail cryptocurrency trading. This development aims to attract investors by offering them the opportunity to trade bitcoin and ether on the brokerage platform with Hong Kong or US Dollars. Futu has partnered with HashKey Exchange,