Tag: NASDAQ:MARA
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Crypto: Mining Stocks Eclipse BTC in 2023, Ethereum PoS Revamped by Vitalik Buterin, and Latest Trends
Possible approval of a Bitcoin ETF could lead to a ‘news-driven sell-off,’ according to a report A report from CryptoQuant suggests that the approval of a spot Bitcoin ETF could trigger a “news-driven sell-off.” With Bitcoin recovering above $40,000, many holders are sitting on unrealized profits, historically a precursor to price corrections. Miners are also…
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Crypto: BONK Price Soars Following Coinbase Listing, JPMorgan Predicts Ethereum Dominance in 2024, and More
Bitcoin boosts the crypto market with a $40 billion surge Following recent statements by Jerome Powell, the chairman of the Federal Reserve, financial markets reacted with expectations of seven interest rate cuts in 2024, with the federal funds rate potentially reaching between 3.50% and 3.75%. This prediction boosted several indices, with the Dow Jones surpassing…
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Crypto This Thursday: TVL on Solana Rises 40%, Marathon Digital Increases Monthly Production, and More
Shocking revelations in the Sam Bankman-Fried trial, and threat of confiscation of luxury jets In the trial of former CEO of defunct cryptocurrency exchange FTX, Sam Bankman-Fried, the prosecution plans to call two of the defendant’s close associates to testify. Among the witnesses are Adam Yedidia, a close friend of SBF and former employee of FTX…
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Crypto this Wednesday: BTC Maintains Stability; Reaction to Moonbeam, Tellor and Bone Tokens, and more
Bitcoin maintains stability amid market turmoil Despite the turmoil in conventional markets and the decline in stocks on Tuesday, Bitcoin (COIN:BTCUSD) and other cryptocurrencies remained largely stable or saw small increases on Wednesday. This could signal a period of relative stability for Bitcoin or indicate concerns for the crypto market. Bitcoin, in particular, has remained around $26,000…
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Crypto This Wednesday: Shopify Integrates Solana Pay, MoonPay Fixes Binance.US Failure, and More
Bitcoin teeters below $26,000 ahead of Jackson Hole Bitcoin (COIN:BTCUSD) briefly dipped below $26,000 with a weekly drop of 10.42% as the market awaits the central bankers meeting in Jackson Hole. At the time of writing, Bitcoin is trading at $26,382,32. Fundstrat’s Sean Farrell suggests Powell’s dovish comments could drive the recovery and notes a possible market…
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Crypto This Thursday: Shiba Inu Strengthens Digital Identity, Upbit Dominates July Trading, and More
Tether generates surprising profits and doubts Tether (COIN:USDTUSD) reported profits of over $1 billion in its latest quarterly attestation, which seems surprising for a company with only around 60 employees. The company holds a large amount of US Treasuries, which may explain its profitability. However, the lack of real money on its balance sheet is concerning and…
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Crypto This Wednesday: Litecoin Halving Completed, GameStop Shuts Down NFT Wallet, and More
Litecoin halving completed as cryptocurrency adoption grows in Africa and Latin America The Litecoin (COIN:LTCUSD) halving event has concluded, reducing block rewards to 6.25 LTC. The Litecoin blockchain underwent the halving procedure at block 2,520,000 on August 2, halving the rewards for miners. The price of LTC has dropped since July, hovering around $87.05. The CEO of BitPay highlighted…
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Crypto This Friday: Crypto.com Gets Dutch Regulatory Registration, Sequoia Capital Reduces Crypto Fund, and More
Bitcoin maintains stability despite higher-than-expectation US inflation data Despite US inflation data beating expectations, Bitcoin (COIN:BTCUSD) held steady at the Wall Street open on July 28, with a modest increase in the Personal Consumption Expenditure Index (PCE). This could indicate a continued drop in US inflation. BTC price remained between $29,000 and $29,500 with resistance at $30,000,…
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Crypto This Tuesday: BTC Under 30k, SEC to Review Valkyrie’s Bitcoin ETF, and More
Bitcoin price close to one-month low Bitcoin (COIN:BTCUSD) price is near a one-month low as economic data indicates continued growth in the US and traders brace for another Federal Reserve rate hike. Although the June Retail Sales report showed some weakness, excluding autos, gasoline, building materials and food services, retail sales grew by 0.6% in June. This boosts…
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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)…