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Bitcoin Bulls Charge Toward $62K as Fed’s Minutes Triggers Market Frenzy
21.8.2024
Bitcoin’s price hit $61,838 per coin by 3:45 p.m. EDT on Wednesday, after spending much of the day lingering below the $60,000 mark. The crypto market mirrored the upward movement seen in the S&P 500 and Nasdaq, which both rallied just before the closing bell. This newfound optimism...
Blackrock Dethrones Grayscale Becoming World’s Largest Digital Asset Manager
21.8.2024
Five days ago, Arkham Intelligence revealed that Blackrock, the world’s largest fund manager, was on the brink of overtaking Grayscale in onchain asset value. As of Aug. 21, Blackrock has officially surpassed Grayscale, securing its position as the top digital asset manager in terms...
Nigerian SEC to issue crypto platform licenses as market size grows: Report
20.8.2024
In June, the SEC updated its regulations to better oversee cryptocurrency platforms and exchanges and improve monitoring of digital asset trading
First Mover Americas: Bitcoin Returns to $61K, Outperforms Broader Crypto Market
20.8.2024
The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 20, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
US Bitcoin ETFs on the Verge of Controlling 1 Million BTC
19.8.2024
According to the latest data collected on Aug. 16, 2024, the 12 spot bitcoin exchange-traded funds (ETFs) collectively hold around 910,153.83 BTC, which translates to over $53 billion at the current exchange rates. Leading the pack is Blackrock’s IBIT, holding the largest portion with 38.34%...
Binance dominates among Chinese crypto users, X provides guidance
19.8.2024
A survey of more than 2,000 Chinese speakers shows clear favorites and frequent appeals for supernatural assistance
Nigeria’s SEC issues first license to local crypto exchange
19.8.2024
As the regulatory environment continues to evolve, other local exchanges will likely follow Quidax’s lead and seek to meet the SEC’s requirements
Meme Coins Lose Steam: $20 Billion Wiped From Market Since May
18.8.2024
During the first half of 2024, meme coins took the spotlight, captivating the crypto world with their quirky charm. However, the hype appears to be cooling off as we move into the latter part of the year. According to Google Trends, searches for “meme coins” have significantly...
Top 10 Cryptos Today: Down Between 20% and 89% From All-Time Highs
16.8.2024
In mid-August, bitcoin’s price dipped below $60,000, hitting a low of $56,646 per BTC on Thursday. Currently, BTC is hovering just above $58K, sitting at $58,267, which is about 20.2% lower than its all-time high (ATH) of $73,737 reached on March 14. While BTC has seen a 20.2% drop from...
Stablecoin Supply Growth Isn't Eating Into Crypto Market Share: JPMorgan
15.8.2024
The share of stablecoins versus total cryptocurrency market capitalization is relatively unchanged this year, the report said
Jump Trading transfers $46.44M in ETH amid sell-off, manipulation fears
14.8.2024
Jump Trading moved 17,049 ETH from Lido, valued at $46.44M, raising market fears. Yet, data hints at a strategic liquidity setup
Bitcoin Skyrockets Past $61K—Over $23M in Shorts Wiped Out
13.8.2024
On Tuesday, bitcoin’s price climbed to $61,600 after dipping below the $60,000 mark over the weekend. The leading cryptocurrency recorded a 2.9% increase against the U.S. dollar, boosting its seven-day gains to 6.9%. Crypto Chaos: Bitcoin Soars, Derivatives Traders Scramble After a brief...
Bitcoin miners record lowest daily revenue of 2024
12.8.2024
Bitcoin miners' daily revenue hit a new yearly low of $2.5 million, but strategic overhauls keep some companies profitable amid industry challenges
Bitcoin Slips Below $59K as Crypto Market Faces $132M in Liquidations
12.8.2024
On Sunday, bitcoin slipped below the $60,000 mark and dipped even further beneath the $59,000 range. The leading cryptocurrency touched an intraday low of $58,315, after previously hitting a high of $61,868 earlier in the day. Crypto Crash Course: Long Positions Take a Tumble in Sunday’s...
Bitcoin Reserves on Exchanges Hit 5-Year Low With $5.96B Withdrawn in 30 Days
11.8.2024
According to data from cryptoquant.com, bitcoin reserves on centralized exchanges have plummeted to a level not seen since Nov. 19, 2018. The amount of bitcoin held by these digital trading platforms has been steadily declining since early June 2022. Bitcoin Exchange Reserves Dip to 2018 Levels...
Solana Gains Ground on Ethereum and Bitcoin in 2024
10.8.2024
Over the past week, there’s been a buzz among market watchers about solana’s performance against BTC, especially when compared to ether. Since the year kicked off, ether has tumbled over 20% against the leading cryptocurrency, while solana has gained more than 5%. Solana, Ethereum...
Plan B Predicts Bitcoin Still on Track to Hit $100K in 2024 Despite ‘Early’ Bull Market
9.8.2024
The pseudonymous bitcoin analyst known as Plan B, known for his work on the “stock-to-flow” (S2F) bitcoin price model, believes bitcoin’s market may have entered a bullish phase prematurely. While he suggests that the market has been “front-running,” Plan...
Stablecoin Economy Swells by $1.53B in 3 Days Amid Market Rebound
9.8.2024
With a 5% upswing in the crypto economy over the past day, following a broad market recovery, the stablecoin economy has ballooned by $1.53 billion in just three days. A notable $750 million of that growth occurred within the last 24 hours alone. Tether’s $1.26B Growth Fuels Stablecoin...
Turkey sees surge in crypto license applications amid new regulations
9.8.2024
Turkey's crypto economy is poised for growth as local and international companies show keen interest ahead of new legislation
Bitcoin Breaks Past the $60K Threshold, Jumps 26% in 3 Days
9.8.2024
On Thursday, bitcoin (BTC) leaped to a high of $62,729, representing a more than 26% jump from its Aug. 5 low of $49,577, recorded just three days earlier. The broader cryptocurrency market, which encompasses over 10,000 digital currencies, saw an 11.29% rise over the past 24 hours, with many...