Tag: COIN:ETHUSD
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Tellor Tributes Skyrocket 104% in May, Marathon Digital Set to Enter S&P SmallCap 600, and More Crypto News
Tellor Tributes surges over 100% in May In May, Tellor Tributes (COIN:TRBUSD), a decentralized oracle network, saw impressive growth, nearly doubling its market capitalization at the beginning of the month. Tellor’s market value surged from $143.32 million on April 30 to $290.3 million on May 7. This increase is associated with growth in whale activity…
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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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Bitcoin ETF Launch in Australia 2024, US User Ban by Wasabi Wallet, and More Crypto News
Australia prepares to launch Bitcoin ETFs in line with global trend Australia is aligning with other countries, such as the USA and Hong Kong, by planning to allow its citizens to invest in Bitcoin ETFs later this year. The Australian Securities Exchange (ASX:ASX) is considering approving its first offerings of spot Bitcoin ETFs, with companies…
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ARK Invest Exits BITO ETF Position, Runes Generates $135 Million in 7-Day Fees, and More Crypto News
Bitcoin price stability challenges record ETF outflows Despite significant outflows totaling US$244.49 million from bitcoin ETFs this week, the price of Bitcoin has remained stable around US$64 thousand, showing a 1.01% increase over the last seven days. However, the correlation between bitcoin prices and ETF inflows has decreased, indicating a growing disconnect. Moreover, a substantial…
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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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AKT Token Skyrockets on Upbit Listing, IBIT Holds Strong in Top 10 ETFs, and More Crypto News
Bitcoin halving may create significant supply-demand disparity Bitfinex analysts predict that the recent halving of Bitcoin mining rewards could result in demand up to five times greater than supply. The block reward has decreased from 6.25 BTC to 3.125 BTC, reducing the number of new coins available daily. With a potential daily supply of $30…
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BTC Mining Activity Surges Post-Halving, GatlingX Unveils Revolutionary EVM and More Crypto News
Impact of the Bitcoin halving on market dynamics On Monday, Bitcoin experienced a rise after conducting its fourth halving the previous Friday, an event that halves the rewards for miners. This adjustment, which occurs every four years, aims to limit the currency’s supply and liken it to scarce resources like gold, aiming to maintain its…
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Expectations for Bitcoin Halving, Tether Expands Stablecoins on TON Blockchain, and More Crypto News
Bitcoin gears up for halving: Subtle recovery and projections in the cryptoasset market After hitting a low of $58,800 last week, Bitcoin (COIN:BTCUSD) experienced a slight recovery, gaining 0.5% in the last 24 hours to reach $63,806, with the next halving scheduled to occur in less than 12 hours. Meanwhile, Ether (COIN:ETHUSD) is trading at…
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Analysts Sound Alarm on Fourth BTC Halving, Kraken Wallet Launch, and More Crypto News
Bitcoin approaches its fourth halving with market impact expectations Bitcoin (COIN:BTCUSD) is two days away from its fourth halving, an event that occurs every four years and will halve the block mining reward from 6.25 to 3.125 BTC. Historically, such events have been followed by significant increases in Bitcoin’s price. However, caution is advised this…