Tag: COIN:BNBUSD
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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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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: Ethereum’s Dencun Update Goes Live, Quantum Blockchain’s ‘Method C’ Revolutionizes Mining, and Latest News
Ethereum launches Dencun upgrade to reduce layer 2 transaction costs Ethereum (COIN:ETHUSD) introduced the Dencun upgrade on Wednesday, which implements mechanisms to lower transaction costs on layer 2 solutions that bundle multiple transactions for the main network. This change has already shown results, with the average transaction cost on Optimism (COIN:OPUSD) dropping to about 4…
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Crypto: Mastercard and Swoo Pay Fuel Crypto Payments, Ether Soars Past $3K on Tuesday, and More
Ether surpasses US$ 3,000 driven by expectations of ETFs in the US For the first time in nearly two years, Ether (COIN:ETHUSD) exceeded US$ 3,000 on Tuesday, driven by the possibility of approval of Ether ETFs in the United States by May. Reaching a peak of US$ 3,003.40, the second-largest cryptocurrency by market value then…
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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: RNDR, LINK, CHZ Emerge as Wednesday’s Top Performers, Ethereum Pilots Dencun Update, and More
Lesser-known tokens gain prominence in the crypto market While Bitcoin (COIN:BTCUSD) remains stagnant at $42,500, smaller tokens such as Chiliz (COIN:CHZUSD) and Klaytn (COIN:KLAYUSD) are gaining attention in the cryptocurrency market. CHZ, used to buy Fan tokens on Socios.com, rose 40.3% in the last 7 days. KLAY, supported by the giant Kakao, shows a weekly…
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Crypto: BTC Maintains Stability Above $46,500, HNT Surges, BitPay Expands Crypto Support, and More
Wait for the approval of Bitcoin ETFs in the US accelerates BlackRock (NYSE:BLK), VanEck, Invesco, Galaxy, ARK 21Shares, Grayscale, and other potential issuers are among the 13 waiting for approval to launch Bitcoin exchange-traded funds (ETFs) in the US. They updated their documents on Tuesday, responding to the SEC’s comments received in the last 24…
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Crypto: MicroStrategy Expands BTC Holdings, Grayscale Leadership Renewed, MATIC Breaks $1 Barrier, and More
Bitcoin and cryptocurrencies display mixed movement on Wednesday Bitcoin (COIN:BTCUSD) and other cryptocurrencies have shown mixed performance in the last 24 hours, with traders assessing recent highs and awaiting new catalysts, including the expected approval of Bitcoin-holding ETFs. Bitcoin recorded a modest increase of 1.05%, reaching $43,070, mostly trading between $41,000 and $44,000 since December.…
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Crypto: BlackRock’s ‘IBIT’ ETF Revamp, SEI & BNB Surge on Tuesday, and More
Bitcoin faced its first weekly drop after eight weeks of gains After eight consecutive weeks of gains, Bitcoin (COIN:BTCUSD) recorded its first weekly decline last week, with about $345 million in long and short positions liquidated, mostly in long positions. According to analyst Matteo Greco of Fineqia International, this movement resulted in high volatility and…
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Crypto This Thursday: FCA Warns Against Poloniex, Robinhood Debuts in EU, and More
US jobs report could heavily impact Bitcoin and markets Bitcoin’s recent rise was influenced by falling interest rates, which also benefited traditional markets. Recently, the cryptocurrency market has shown remarkable growth, with Bitcoin, the largest cryptocurrency, exceeding large companies in market capitalization such as Tesla (NASDAQ:TSLA) and Visa (NYSE:V). Bitcoin has reached a market capitalization…