Day: April 5, 2024

Cardano Tumbles As Grayscale Sells All ADA From GDLC Fund

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The Cardano (ADA) price is experiencing a notable decrease, dropping by 12% since the start of the week, with a 2.6% dip recorded today alone. Despite this, with a market capitalization of $20.27 billion, ADA maintains its position as the 9th largest cryptocurrency. This recent downturn comes amidst a broader crypto market experiencing mostly sideways to downward movement, with ADA recording more significant losses compared to its peers like ETH, which is down by 7.4%, BNB by 6.4%, Solana by 6.3%, and XRP by 6.1%. Grayscale Dumps Cardano From GDLC…

Bitcoin Price (BTC) Lower After Strong U.S. Jobs Numbers

Checking other report details, the labor force participation rate rose to 62.7% from 62.5%, suggesting sizable numbers of people returning to the workforce. Average hourly earnings rose 0.3% in March, in line with expectations and up from 0.2% in February. On a year-over-year basis, average hourly earnings rose an in line 4.1%, down from 4.3% in February. Source

Bitcoin Technical Analysis: BTC Sails Through Choppy Waters After Recent Uptick

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Bitcoin’s price oscillation between $66,182 and $69,199 within 24 hours underscores a battlefield where bulls and bears vie for dominance. Bitcoin Bitcoin’s 1-day chart reveals a narrative of volatility, with the asset’s price making significant leaps and bounds. This volatility is encapsulated by long wick candles, highlighting the intense tug-of-war between buyers pushing upwards and […] Original

Bitcoin Short-Term Holders Go On 1.2 Million BTC Buying Spree, Is Retail Finally Here?

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Short-term Bitcoin holders have been going on a buying spree lately, accumulating over 1.2 million BTC since December 2023, according to Glassnode. Bitcoin has received major interest from investors since the beginning of the year, and rightly so, considering the amount of attention brought by the launch of Spot Bitcoin ETFs in the US. While the cryptocurrency has gone through an extended period of bullish action, the majority of the accumulation trend has largely been attributed to whales and addresses holding large amounts of Bitcoin for long periods. However, recent…

Bitcoin’s decline drives investors toward Fezoo presale 

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The recent dip in Bitcoin’s price to $65k has shifted investor focus towards platforms like Fezoo, which promises decentralization and direct control over assets, challenging traditional centralized exchanges. The cryptocurrency market has had its ups and downs, but the recent decline in Bitcoin’s value has seen investors and traders clamor for more freedom in handling their assets. Decentralization is taking the stage and dominating discussions in crypto spaces and…

What’s Behind the 20% Price Drop?

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Dogecoin (DOGE), the Shiba Inu-themed memecoin, finds itself in a curious situation. While the number of holders and overall interest in DOGE surges, its price has experienced a significant drop in the past week. This inconsistency reflects the broader volatility of the memecoin market, currently experiencing an influx of novice traders. IntoTheBlock, a blockchain analytics firm, revealed a record number of addresses holding memecoins for less than a month in March. This trend suggests a surge in new investors drawn to the memecoin craze. However, Dogecoin, despite leading the pack…

Bitcoin Miner Hut 8 (HUT) Has Larger, More Diversified Business Following USBTC Merger: Canaccord

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Australian Asset Manager Monochrome Applies With Cboe Australia for a Spot Bitcoin ETF, Eyes Decision By Mid-Year

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Bhutan to increase Bitcoin mining operations sixfold ahead of halving

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Bhutan and Bitdeer are set to expand Bitcoin mining capacity amid halving concerns, aiming to expand the nation’s mining capacity by 500 megawatts by 2025. Bhutan‘s investment arm, Druk Holding & Investments (DHI), is gearing up to boost its mining production in collaboration with Nasdaq-listed mining conglomerate Bitdeer to mitigate the anticipated revenue impact of the upcoming fourth halving event. According to a Bloomberg report, Bhutan is weighing on increasing its mining capacity by 600% by introducing state-of-the-art hardware, utilizing the nation’s abundant hydroelectric power resources. In an interview with…