Day: September 16, 2024

Bitcoin Price (BTC) Fell 2.5% While Ether Price (ETH) Dropped 4.9%

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…

Bitcoin On Track For $92,000 ‘Bounce’ In 3 Months: Analyst

boss

Este artículo también está disponible en español. Bitcoin (BTC) appears to be bouncing off its summer slumber, say analysts who believe the asset could rebound in the coming months. Recent technical indications and charts suggest that BTC could be on the cusp of a significant price move. The cryptocurrency is geared for a bounce that could take the asset far beyond $92,000, despite recent losses. Related Reading Short-Term Projection Bitcoin’s immediate technical projection points to a possibly positive trend. Right now, Bitcoin is selling 39.27% below its projected price for…

Bitcoin docking layer exSat gains support from OKX

boss

OKX has joined the exSat network as a key validator node to help enhance Bitcoin’s scalability and interoperability. Cryptocurrency exchange OKX announced in a Sept. 16 press release that it has joined the exSat Network as a validator node. The partnership is expected to improve Bitcoin’s scalability and interoperability by leveraging exSat’s data consensus extension protocol, a hybrid mechanism that combines proof-of-work and proof-of-stake. The exSat Network is designed to bridge Bitcoin’s mainnet with various layer-2 scaling solutions, addressing challenges related to transaction speed and data consensus. By participating as…

EOS-incubated Bitcoin docking layer exSat gains support from OKX

boss

OKX has joined the exSat network as a key validator node to help enhance Bitcoin’s scalability and interoperability. Cryptocurrency exchange OKX announced in a Sept. 16 press release that it has joined the exSat Network as a validator node. The partnership is expected to improve Bitcoin’s scalability and interoperability by leveraging exSat’s data consensus extension protocol, a hybrid mechanism that combines proof-of-work and proof-of-stake. The exSat Network, rolled out by EOS Network in April, is designed to bridge Bitcoin’s mainnet with various layer-2 scaling solutions, addressing challenges related to transaction…

Bitcoin Pulls Back Before Probable Fed Rate Cut

Bitcoin sank below $59,000 having spent much of the weekend above the $60,000 mark. BTC traded around $58,550 in the European morning, a drop of 2.4% over 24 hours at the start of a week in which traders worldwide expect the Federal Reserve to make its first interest-rate cut in more than four years. The broader digital asset market as measured by the CoinDesk 20 Index (CD20) is 3.6% lower. Crypto markets were buoyed by favorable U.S. economic data on Friday, which sparked a short-term rally. Bitcoin ETFs saw inflows…

Cryptocurrency Price Movements Today – CryptoCurrencyNews

boss

Cryptocurrency markets experienced significant volatility today, with major digital assets such as Bitcoin and Ethereum demonstrating notable price fluctuations. Bitcoin, which has been a market leader, saw its value oscillate, reflecting broader market sentiments and investor behaviors. Ethereum, the second-largest cryptocurrency by market cap, also showed similar volatility. Analysts point out that these fluctuations are part of the cyclical nature of the cryptocurrency market, influenced by various macroeconomic factors including inflation rates and geopolitical events. Additionally, altcoins like Ripple and Litecoin followed suit, exhibiting comparable patterns of volatility. Market experts…

Glassnode Founders Say Bitcoin Crash To $37,000 Wouldn’t Be A Bad Thing, Here’s Why

boss

Este artículo también está disponible en español. Glassnode co-founders Jan Happel and Yann Allemann recently indicated that a Bitcoin crash to $37,000 would be a good thing. They also explained why they wouldn’t be sad about such a massive price decline for the flagship crypto.  Bitcoin Dropping To $37,000 Would Be A Steal Happel and Allemann mentioned in an X (formerly Twitter) post on their shared account that a Bitcoin price drop to $37,000 would be a steal. They added that they won’t be “mad” about the price crash because…