Month: July 2024

Bitcoin mining stocks are crawling back, but gains could be brief

boss

Bitcoin mining stocks bounced back in Wednesday’s pre-market session, helped by the recent BTC rebound.  Riot Platforms shares rose by over 1%, while Marathon Digital, the biggest miner in the industry, rose by 1.65%. Other companies like CleanSpark (CLSK), Iris Energy (IREN), Core Scientific (CORZ), and TeraWulf (WULF) rose by over 1.5%. Bitcoin price is rebounding These stocks rose because of the ongoing Bitcoin price action. After bottoming at $53,520 last Friday, Bitcoin rose to over $59,390 on Wednesday.  This rebound happened as the industry sent mixed signals. On the…

Bitcoin ETFs Capture $216M in Third Consecutive Day of Inflows

boss

The 11 U.S. spot bitcoin exchange-traded funds (ETFs) saw inflows for the third consecutive day on Tuesday, bringing in $216.33 million. Blackrock’s IBIT was the top performer, securing $121.03 million during the trading sessions. Fidelity’s FBTC and Blackrock’s IBIT Drive Bitcoin ETF Gains With Tuesday’s gains, the cumulative total net inflows for U.S. spot bitcoin […] Original

Big Rally Coming For Chainlink? Analyst Sees Double-Digit Surge

boss

For Chainlink (LINK), the waters of the bitcoin market are moving in its favor. Inspired by recent accumulation from big investors and forecasts of an upward trend, the asset is exhibiting signs of life following a period of slow performance. Nonetheless, the path to recovery might be a meandering one as experts have conflicting projections for the next years. Related Reading Whales Build Chainlink During Crisis Market observers are fixated on the behaviour of “whales,” or heavily weighted investors. Renowned crypto analyst Ali Martinez claims that these whales have been…

Bank of Israel CBDC Decision Won’t Occur Before the ECB’s Call on Digital Euro: Reuters

Abir said whether the public will adopt a digital shekel is uncertain, and the bank is conducting a behavioral study on the subject. He said that one has to have “a good set of use cases.” But in a nation where two large banks dominate more than 60% of the market, the main incentive is to create a “level playing field for payment providers and allow them to compete with the banks” Source

Bitcoin Climbs Back Above $59K, but Rally Could Be Short-Lived

boss

Bitcoin rallied to over $59,000 early in the European morning, extending a recovery from below $54,000 at the start of the week. The rally could see BTC reclaim $60,000 but will be short-lived, Markus Thielen, founder of 10x Research, said. “The $55,000-$56,000 range is forming a base from a technical analysis perspective. However, given the medium-term technical damage, we anticipate no more than a short-term tactical bullish countertrend rally,” Thielen wrote on Tuesday. At the time of writing, bitcoin was trading at just under $58,500, an increase of 1.7% in…

Cambodia’s Online Marketplace Huione Guarantee Hosts Merchants Linked to Global Scams Worth $11 Billion: Report

Wired said the platform, which provides deposit and escrow capabilities for peer-to-peer transactions conducted over the Telegram messaging system, hosts listings that can be used for activities including deepfake scams, money laundering and so-called pig butchering, in which a victim is wooed before being financially drained by their apparent admirer. Source

Avalanche Aims Higher As Price Continues To Gain Pace Above $23.50

boss

After recently surpassing the $23.50 mark, the price of Avalanche (AVAX) has continued to show resilience moving higher with good momentum towards the $30.34 resistance level. This upward movement has signaled bullish sentiment among market participants and potential further gain for the crypto asset. As Avalanche continues to gain pace above $23.50, this article delves into providing an in-depth analysis of this recent price surge and its potential for further growth by examining current price actions and technical indicators focusing on the 4-hour and the 1-day chart.  At the time…