Day: December 28, 2023

Marathon Digital tops US trading charts as Bitcoin miner stocks surge

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Bitcoin miner Marathon Digital has seen its stock trading volumes soar, topping U.S. mid and large-cap stocks ahead of a potential spot Bitcoin ETF approval. In the past 24 hours, the firm’s trading volume exceeded 105 million shares, outperforming tech giants like Tesla, Apple, and Amazon, as per Yahoo Finance’s market data. Marathon Digital’s shares lead in trading volume over the past 24 hours | Source: Yahoo Finance Riot Platforms, another significant player in the Bitcoin mining sector, also marked a notable presence, ranking as the sixth most-traded stock with…

Crypto Exchange Bitzlato “Temporarily” Halts Withdrawals

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Troubled crypto exchange Bitzlato has suspended withdrawals and technical support to its customers, calling it a “temporary measure.” The suspension came weeks after the co-founder and former CEO of the exchange, Anatoly Legkodymov, pled guilty and agreed to dissolve the crypto exchange. “At the moment, we are faced with the need to suspend special balance withdrawals and technical support. This is a temporary measure to prepare for and go through the upcoming court hearings regarding the seizure of user assets in France. We are determined and optimistic about this issue,”…

ARB Soars 20% In 24 Hours As Arbitrum Preps For Major Projects

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In the tumultuous world of cryptocurrency, few names have resonated as powerfully in 2023 as Arbitrum (ARB). The crypto juggernaut has rapidly ascended the ranks, outpacing industry stalwarts and marking its territory in the competitive landscape. As the demand for its network reached a fever pitch, developers flocked to Arbitrum, surpassing the likes of Polygon, Optimism, Avalanche, and even the formidable Solana. The meteoric rise of ARB isn’t just a spectacle; it’s a testament to its resilience and adaptability. In the latest twist of the crypto bull run, ARB has…

Polkadot, Cardano, and Pullix on experts’ radar

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As we approach 2024, the investment scene, especially in cryptocurrencies, is upbeat. Amid this, three notable digital currencies, Pullix (PLX), Polkadot (DOT), and Cardano (ADA), have caught the attention of experts and investors.  Pullix is a hybrid exchange aiming to democratize trading Pullix is reinventing digital finance.  Its “trade-to-earn” model uniquely rewards users for trading on the platform. Pullix also utilizes AI to transform how we trade and invest.…

ETC Group Anticipates Surpassing $100,000 By End 2024

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Numerous price predictions have emerged as the Bitcoin price continues to demonstrate significant growth throughout the year, fueled by factors such as the upcoming halving event and potential approval of a spot Bitcoin exchange-traded fund (ETF) by the US Securities and Exchange Commission (SEC).  Notably, the ETC Group has released a comprehensive report shedding light on the potential for new all-time highs in 2024 and an impressive milestone of $100,000 by year-end. Bitcoin Price Recovery Sets The Stage For A Promising 2024 According to the ETC Group’s recent report, 2023…

Curve Founder Moves Over 23 Million CRV To Binance, Is It Time To Take Profit?

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Curve Finance founder Michael Erogov has moved over 23 million CRV, the native governance token of the Curve DAO, to Binance, the world’s leading cryptocurrency exchange, over the last five days, The Data Nerd, on December 27, shows. The founder moved 2.5 million CRV on December 27. This transfer may ruffle investors, raising concerns because it could indicate that Erogov is likely liquidating. Curve founder moves coins to Binance | Source: The Data Nerd via X CRV Is Firm, Up 60% In The Last 3 Months While the founder’s sale of CRV…

Over 80% crypto discussions on Reddit were positive in 2023, data shows

Redditors appear to have an enthusiastic view toward cryptocurrencies, as 84% of discussions in 2023 were positive. According to CoinWire, which analyzed over 20,400 posts on Reddit over the last 12 months, the majority of discussions on the platform “were full of positivity,” suggesting investors are anticipating a rally in the foreseeable future. As noted by the firm, enthusiastic community members are “embracing cryptocurrencies, and this vibrant online platform reveals their upbeat outlook.” However, the same cannot be said for X, where out of 19,470 crypto-related tweets, only 65% conveyed…

Ethereum Price Surges 5% As ETH Bulls Finally Take Over, $2,550 Next?

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Ethereum price is gaining pace above the $2,320 resistance zone. ETH is up over 5% and it seems like ETH is finally outperforming Bitcoin. Ethereum is gaining pace and trading above the $2,300 support zone. The price is trading above $2,350 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2,380 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend its rally toward the $2,500 and $2,550 resistance levels. Ethereum Price Starts Fresh Rally Ethereum price extended…