Tag: COIN:TUSDUSD
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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.…
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Crypto: GBTC Outflows Boost ETF Alternatives, Trump’s Stance Against CBDCs, and More
Opposing trends: Cryptocurrency decline and dollar rise after Bitcoin ETFs The recent approval of Bitcoin ETFs has generated a surge in trading volume in the cryptocurrency market. However, an unexpected premium on spot Bitcoin points to an unusual market. The price of Bitcoin, undergoing an ongoing correction, has been exacerbated by growing risk aversion among…
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Crypto: Fantom Reduces Staking Requirements, TrueUSD Parity Drop, and More
Market contrast: Bitcoin rises while ETFs fall In the last 24 hours, Bitcoin (COIN:BTCUSD) experienced a modest increase, surpassing $43,000, while exchange-traded funds (ETFs) showed a contrasting trend. Notably, ETFs from BlackRock (NASDAQ:IBIT) and Van Eck (AMEX:HODL) suffered losses, each dropping by 1.1% during this period. This decline is part of a broader downward trend…
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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 This Friday: XRP Jumps After Victory Against SEC, Multichain Shuts Down Trades, and More
Ripple’s XRP rises over 60% after partial victory against SEC, reclaiming fourth place in market cap Ripple’s cryptocurrency XRP (COIN:XRPUSD) has seen a surge of over 60% after a partial victory against the SEC, ending a three-year lawsuit. This led to a $73.5 billion increase in the total cryptocurrency market cap, with XRP overtaking BNB (COIN:BNBUSD)…
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Crypto This Friday: Executives Resign at Binance, Aptos Network Compromised, and More
BitMEX Co-Founder predicts Bitcoin elected by AI and hitting $760,000 According to Arthur Hayes, co-founder of the BitMEX exchange, Bitcoin (COIN:BTCUSD) will become the artificial intelligence (AI) currency, with a potential to reach $760,000 per coin. Hayes argues that as AI becomes prevalent, Bitcoin will become the logical choice of currency due to its unique qualities…
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Crypto This Friday: Tesla Reinstates DOGE Payments, JPMorgan Expands JPM Coin, and More
IMF acknowledges limitations of cryptocurrency ban The International Monetary Fund (IMF) has acknowledged that banning cryptocurrencies may not be effective in the long term. Instead, the focus should be on meeting digital payment needs and improving transparency in the use of these assets. Countries in Latin America and the Caribbean are leading the way in adopting digital…