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Nalezeno "AI updates": 2014

Following Court Ruling, XRP Price Skyrockets as South Korea Leads the Charge


On Aug. 8, following the imposition of a $125 million civil penalty on Ripple Labs by a district judge, the firm’s executives and community celebrated the outcome as a “victory.” This led to an uptick in XRP’s trading volume and price. In the 24 hours leading up to...

Bitcoin Smashes $59,800 as $212M in Liquidations Rattle Traders


The crypto economy experienced a 5.6% boost over the past 24 hours, reaching $2.07 trillion by Thursday. Bitcoin has soared past the $59,800 mark, while ethereum has exceeded $2,500 per coin. This rapid climb on Aug. 8 resulted in $212.59 million in derivatives liquidations across the entire crypto...

TON Climbs 10% Ahead of Binance Listing


The largest cryptocurrency exchange by trading volume, Binance, is set to introduce toncoin (TON) trading pairs on Aug. 8, leading to a more than 10% increase in TON’s value against the U.S. dollar. Currently, TON is trading within a range of $5.36 to $6.41 over the past day, making it...

Bitcoin Premium Climbs to 6% in South Korea Amid Market Turbulence 


On Wednesday, at approximately 4:11 p.m. EDT, bitcoin’s value against the U.S. dollar stood at $54,709 per unit, reflecting a 3.41% decrease over the preceding 24 hours. Concurrently, in South Korea, the price of bitcoin was $57,027 per coin, representing a 4.23% premium. According to data...

Bitcoin Faces ‘Mid-Cycle Wipeout’ as Markets Plunge: Glassnode Report


The latest report from onchain analysis firm Glassnode highlights a significant market downturn, marked by a 32% decline in bitcoin’s value, the largest drawdown of the current cycle. The study underscores the critical impact of this downturn on investor sentiment and the broader market...

Following the Crypto Downturn, Market Observers Predict a 2020-Style Comeback


Over the past 24 hours, as market values have declined significantly, many observers have begun discussing the current crypto market cycle and the potential for digital currency prices to recover. Data indicates that hundreds of billions of dollars have exited the crypto economy, but some believe...

Double-Digit Crypto Losses Sweep the Market—Over 60 Coins in Freefall


Presently, the cryptocurrency market is experiencing a significant downturn, with bitcoin dropping 24% this week and ethereum shedding 30% against the U.S. dollar. While these losses are notable, some digital currencies have fared even worse, with only a handful managing to buck the trend. Dozens...

QCP Capital: Bitcoin Price Drop Due to Supply Surge and Macroeconomic Woes


QCP Capital has reported a significant reversal in the crypto market, with bitcoin (BTC) prices retracing from recent highs. This shift comes amid an influx of bitcoin supply and worsening macroeconomic conditions. QCP Analysts Highlight Market Correction Driven by Bitcoin Supply Surge and Bearish...

Crypto Market Slump: Key Currencies Drop Amid Rising Trade Activity


The cryptocurrency market experienced a downturn on Tuesday, decreasing by 1.94% against the U.S. dollar, lowering the total market value to $2.38 trillion. Leading cryptocurrencies, including bitcoin, solana, binance coin, dogecoin, and cardano, faced losses. In contrast, ethereum, xrp,...

Crypto’s Top Gainers: Ecash and Bitcoin Cash Show Strong Weekly Rises


Over the past day, the crypto economy has grown by 2.57%, reaching $2.48 trillion on Monday, July 29. Bitcoin has climbed over 3% since last week, while ether has decreased slightly by over 3% during the same period. The highest gainer this week was ecash (XEC), which increased nearly 17% over...

Bitcoin Short-Term Holders See Relief as Prices Rebound, Glassnode Reports


Bitcoin prices have rebounded strongly, providing relief to short-term holders and leading to increased activity in perpetual futures markets, according to a report by onchain analytics firm Glassnode. The report highlights significant developments in market dynamics and the overall health of...

Bitcoin Peaks at $67,991 Ahead of Trump’s Bitcoin Conference Appearance


Before former President Donald Trump’s appearance at the Bitcoin 2024 conference in Nashville, the price of bitcoin (BTC) climbed to an intraday peak of $67,991 per unit. This increase led to the liquidation of approximately $55.21 million in bitcoin short positions, out of a total of $79.10...

Weekly Crypto Market Roundup: Top Gainers and Losers Revealed


On Monday, the price of bitcoin (BTC) increased by 6.8% over the past week, while ethereum (ETH) saw a 3.3% rise against the U.S. dollar during the same period. The top performers this week were the two meme coins MEW and WIF, which gained 129.3% and 56.7%, respectively. MEW and WIF Lead Gains This...

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