Author: CryptoHoppers
The crypto market decided to take a nosedive over the weekend, with Bitcoin taking the express elevator down to below $60,000 for the first time since July 13. Observers took to X.com to blame the plummet on a cocktail of factors, including Israel’s bracing for potential attacks from both Iran and Hezbollah, with warnings of reported planned assaults as early as Monday. Bitcoin (BTC) shed 10% of its value during the weekend, leaving it just shy of $55,000, according to CoinGecko. As of the last check, Bitcoin was having a sulk at $54,348.20, down a dramatic 9.6%. Bitcoin 24-hour price…
Key Takeaways Ethereum’s price plummeted over 30% in a week, leading to massive whale wallet liquidations. Total ETH network liquidations surpassed $100 million in one hour amid market crash. Share this article A sharp decline in Ethereum (ETH) prices triggered a wave of liquidations among leveraged ETH whales, exacerbating the downward pressure on the crypto, according to on-chain analyst EmberCN.These liquidations include: Address 0x1111567e0954e74f6ba7c4732d534e75b81dc42e: Liquidated 6,559 ETH to repay a 277.9 WBTC loan. Address 0x4196c40de33062ce03070f058922baa99b28157b: Liquidated 2,965 ETH to repay a 7.2 million USDT loan. Address 0x790c9422839fd93a3a4e31e531f96cc87f397c00: Liquidated 2,771 ETH to repay a 6.06 million USDC loan. Address 0x5de64f9503064344db3202d95ceb73c420dccd57: Liquidated…
Felix Sosa, president of the National Power Administration of Paraguay (ANDE), has disregarded reports indicating that a mass exodus of cryptocurrency mining companies could be brewing. Sosa stated that no cryptocurrency company had left the country yet and that there were over 400 MW in projects awaiting approval by the institution. No Cryptocurrency Mining Companies […] Source link
In order to revolutionize the trillion-dollar trading card game (TCG) market, Blockchain gaming trailblazer Enjin has teamed up with Crypto Rabbit Hole (CxRH), a unique game that combines real and digital trading card aspects. Crypto Rabbit Hole (CxRH) merges thrills with crypto know-how, easing the way for intimidated individuals to have a better understanding of the concepts surrounding it. This was the need of the hour, with most appearing to be lost in the swirl of the enormous number of Blockchain-based enterprises sprouting up, each with its own set of technical requirements. The Crypto Rabbit Hole, which combines traditional board…
Key Takeaways US job market downturn and high unemployment rate trigger Bitcoin’s fall to $60,000. Bitcoin’s MVRV ratio suggests it is undervalued, hinting at a potential market rebound. Share this article The price of bitcoin (BTC) fell below $60,000 on Saturday amid growing fears that the US could be sliding into recession, according to data from TradingView.The recent price decline followed a rough Friday marked by a weaker-than-expected US jobs report and major crypto transfers by crypto lender Genesis, as reported by Crypto Briefing.Data from the Labor Department showed that the US economy added 114,000 jobs in July 2024, considerably…
This piece is a guest post by Blocmates. Blocmates is an invaluable crypto news and educational resource that offers clarity in the often complicated and jargon-filled crypto space. In this article, writer Gaz of Blocmates breaks down Megaeth, one of the hottest Layer 2s, including explaining the technical reasons why so many people are excited […] Source link
Many U.S.-based crypto mining stocks are reflecting Bitcoin’s weakness and are trading down to end the week. At the time of writing, Hut 8 is down 11.2% to $12.34 a share. CleanSpark is now $13.35 a share, down 11.35%, while Riot Platforms is at $8.50, down 8.8%. Marathon Digital Holdings is down 3.3% to $17.48. Marathon did disclose in its Q2 financial report that it sold over 50% of the Bitcoin (BTC) it mined during the quarter to fund operating costs. The recent drop in stock prices comes as the Nasdaq and Dow Jones Industrial Average are experiencing a downturn.…
Former President Donald Trump suggested using Bitcoin to eliminate the United States’ $35 trillion national debt. The U.S. national debt continues to rise, and the Republican presidential nominee has a bold idea to address the issue: Giving Bitcoin (BTC) to China to pay off U.S. debt. “Crypto is a very interesting thing. It’s very high-level in certain ways, intellectually very high-level. But if we don’t do it, China’s gonna do it… maybe we’ll pay off our $35 trillion debt, hand them a little crypto check, right?” Trump said to Fox News’s Maria Bartiromo. “We’ll hand them a little Bitcoin and…
Key Takeaways Trump suggests Bitcoin could be used to manage the US’s $35 trillion national debt. Harris’ campaign highlights Trump’s crypto comments without a clear policy stance. Share this article Former President Donald Trump praised the crypto industry and suggested Bitcoin could help address the US national debt in a recent interview. The Kamala Harris campaign shared Trump’s remarks without offering its own policy stance on crypto.In an interview with Fox Business, Trump lauded the “very, very smart people” in the crypto industry and proposed that embracing Bitcoin could potentially aid in tackling the $35 trillion US national debt. He…
The world of NFTs continues to evolve, and Doodles is at the forefront of this transformation. On July 29, 2024, Doodles announced the launch of The Stoodio, a new platform built on the Base blockchain. This development is set to provide new opportunities for Doodles Stoodio account holders, allowing them to bridge their FLOW NFTs to Base and continue utilizing their digital assets seamlessly. A New Home for Doodles NFTs: The Stoodio on Base The Stoodio is designed to enhance the experience of NFT holders by leveraging the Base blockchain, known for its speed and efficiency. With this move, Doodles…