Tag: TSXV:DMGI
-
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,…
-
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…
-
Crypto: Spain Suspends WLD; Binance Halts Withdrawals in SOL and Faces Crisis in the US, and More News
Bitcoin partially recovers on Wednesday after market volatility Bitcoin (COIN:BTCUSD) reached a new all-time high by briefly surpassing $69,000 on Coinbase, repeating the feat of November 10, 2021. However, the excitement was short-lived, with a subsequent correction to $60,800 and over $1 billion liquidated due to market volatility. Nevertheless, Bitcoin showed resilience, bouncing back to…
-
Crypto: ZCash Surges on Grayscale’s Strategy, Gauntlet Terminates Aave Partnership, and More
Retail traders drive cryptocurrency surge, says JPMorgan Analysts at JPMorgan (NYSE:JPM) highlight that the recent surge in cryptocurrency values is primarily driven by retail traders acting on impulse, rather than institutional investors or market fundamentals. According to them, the cryptocurrency market recovery in February can be attributed to the increasing activity of these individual traders.…