Tag: COIN:BCHUSD
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Bitcoin Hits 1 Billion Transactions, Vodafone Turns Smartphones into Digital Wallets, and More Crypto News
Bitcoin processes 1 billion transactions, marking strong growth since 2009 The Bitcoin network (COIN:BTCUSD) achieved an impressive milestone by processing its billionth transaction, 15 years after the launch of its first block. Maintaining an average of 178,475 daily transactions, Bitcoin has demonstrated its ability to handle large volumes without centralized intermediaries. This milestone, achieved amidst…
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Bitcoin Surges Post Jobs Report, Coinbase Reveals $1.2 Billion 1Q Net Profit, and More Crypto News
Bitcoin rises in response to jobs data Bitcoin (COIN:BTCUSD) experiences a 4.5% increase on May 3, driven by US employment data. BTC/USD is trading at $61,751 at the time of writing. Specifically, non-farm payrolls numbers for April fell below expectations, indicating weakness in the job market. This revelation suggests a possible interest rate cut, as…
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Block Innovates Bitcoin Mining, DOJ Proposes 3-Year Prison for Changpeng Zhao, and More Crypto News
Possible effects on Bitcoin price with US dollar depreciation and Mt. Gox refund Cryptocurrency traders anticipate a potential depreciation of the US dollar, which could favor Bitcoin’s recovery (COIN:BTCUSD). Conversely, some banks still see a strengthening dollar on the horizon. At the time of writing, Bitcoin was down by -2.5%, trading at $64,771.50. Since March,…
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Aptos Declines Ahead of Token Unlock, Hong Kong Nears Approval of Crypto ETFs, and More Updates
Cryptocurrency Aptos’ performance declines ahead of major token release The layer-1 blockchain cryptocurrency Aptos (COIN:APTUSD) underperformed the general cryptocurrency market this week, falling nearly 20% ahead of a significant token unlocking event. Scheduled for April 12, the event will release 24.84 million APT tokens that were previously locked, representing about 6% of the circulating supply…
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Crypto: Bitcoin Cash Surges Post-Halving, PayPal Launches PYUSD International Transfers and More Updates
Bitcoin Cash jumps post-halving Bitcoin Cash (COIN:BCHUSD) experienced a surge in value following its recent halving, standing out in a generally static crypto market. BCH reached a peak price of $683.87, a level not seen since 2021, yet still 80% below its December 2017 record high. At the time of writing, Bitcoin Cash’s price was…
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BTC and ETH Suffer Sharp Decline on Tuesday; Key Crypto Market Events in April, and More News
Key events in the crypto market in April April promises to be a milestone for the cryptocurrency sector, bringing impactful events. We’ll see everything from the reduction in mining rewards for Bitcoin (COIN:BTCUSD) and Bitcoin Cash (COIN:BCHUSD), which affects coin supply and spurs speculative interest, to significant regulatory matters. The legal battle between the SEC…
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Crypto: SBF Sentenced to 25 Years, DOGE and BCH Surge on Thursday, and More
Sam Bankman-Fried receives 25 years in high-profile trial Sam Bankman-Fried, founder of FTX, was sentenced to 25 years in prison, a verdict delivered by a court packed with spectators, marking a critical moment in the legal examination of the cryptocurrency sector. To be released at age 57, his conviction highlights the complexities and risks of…
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Crypto: Bitcoin ETFs Experience 3 Consecutive Days of Outflows, CryptoPunk Fetches $16.42M in Sale, and More
Cryptocurrencies react positively to interest rate cut prospects The Federal Reserve’s maintenance of the federal funds rate at 5.25 – 5.50% and the indication of a balance sheet reduction adjustment influenced various markets. The Fed’s balance sheet has grown by 59% since January 2020, reaching $7.542 trillion. This policy has caused notable fluctuations in Bitcoin…
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Crypto: Citi Tokenizes Blockchain Funds, Robinhood’s Crypto Revenue Surges by 10%, and Latest Updates
Bitcoin recovery boosts crypto stocks in the US A recent surge of Bitcoin (COIN:BTCUSD) above $51,000 has boosted the shares of crypto companies in the US, with Coinbase (NASDAQ:COIN) and MicroStrategy (NASDAQ:MSTR) among the beneficiaries. The increase propelled BTC to a market capitalization of $1 trillion, aligning it with giants like Meta (NASDAQ:META) and Amazon…
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Crypto: Avalanche Memecoin Criteria, OKB’s Rapid Decline and Recovery, and More
Bitcoin falls below $40,000 On Monday, the cryptocurrency market experienced a significant setback, with Bitcoin (COIN:BTCUSD) dropping notably below the $40,000 mark, marking its lowest value of the year. By Tuesday, Bitcoin had stabilized, trading at $39,482. Meanwhile, Ethereum (COIN:ETHUSD) continued its downward trend, priced at $2,220, a decrease of 3.93% from the previous day.…