[ad_1] Este artículo también está disponible en español. Bitcoin has been consolidating below the $100,000 level for twelve consecutive days, marking a pause in its recent historic rally. The aggressive surge since November 5 appears to be cooling off, with market attention gradually shifting toward altcoins. Despite the slowdown, Bitcoin remains a cornerstone of market strength, holding firmly above the critical $90,000 support level. Related Reading Key data from CryptoQuant highlights two significant outflows exceeding 8,000 BTC each from Coinbase in the past 24 hours, signaling sustained institutional interest and potential accumulation. These outflows suggest that major players remain optimistic…
Author: dfrancis36
[ad_1] While Bitcoin struggles to push past the $100k mark, BNB, a cryptocurrency associated with Binance, is among the top-performing altcoins in the past 24 hours. The cryptocurrency surged 23% to trade at a new all-time high of $793, at some point surpassing Solana as the fifth-largest cryptocurrency by market cap. The rally is reportedly supported by growing investor confidence, increasing derivatives market activity, and heightened interest in BNB’s role within the Binance ecosystem.BNB Price Soars According to CoinMarketCap data, BNB is currently the sixth largest cryptocurrency with a market capitalization of $108 billion. It trails Solana, which has a…
[ad_1] BNB has taken the spotlight with a powerful surge, breaking past the critical $724 resistance level and signaling the potential for more growth. This breakout has ignited bullish momentum, sparking speculation that the token could be gearing up for uncharted territory. With strong market sentiment and increasing trading activity, BNB appears poised to extend its rally, leaving many wondering how high it can climb in the days ahead. This article aims to explore BNB’s recent breakout above the $724 level, delving into the key drivers behind its bullish strength. it seeks to assess whether the asset can sustain its…
[ad_1] Wall Street Bitcoin miner Hut 8 Corp. has revealed key capital market updates. The company has launched an “at-the-market” (ATM) equity offering program, a stock repurchase program, and filed a shelf registration statement with the SEC.Hut 8 Introduces Stock Repurchase ProgramThe ATM program allows Hut 8 to issue shares of its common stock worth up to $500 million through sales on the Nasdaq Global Select Market or other approved methods. Proceeds will fund growth initiatives, such as acquiring energy assets, developing infrastructure, and purchasing Bitcoin. Funds may also cover general expenses, debt repayment, and other investments.Hut 8’s $250 million…
[ad_1] On Monday, Foundry, the world’s largest Bitcoin mining pool, announced a significant reduction in its workforce, laying off approximately 60% of its staff. This decision, confirmed by a report from Blockspace, affects both US and international staff, reducing the company’s headcount from over 250 to around 80-90 employees. Foundry Focuses On Core Business Sources familiar with the matter, cited by Blockspace, revealed that the layoffs are part of a “strategic initiative” aimed at strengthening Foundry’s core revenue-generating operations. According to a shareholder letter from owner conglomerate Digital Currency Group (DCG), Foundry is expected to generate $80 million in revenue…
[ad_1] Este artículo también está disponible en español. Crypto analysts have revealed that the Ethereum price is about to confirm a golden cross on the daily time frame. This provides a bullish outlook for Ethereum, as it enjoyed a parabolic rally the last time this happened. Ethereum Price To Confirm Golden Cross, What Next? In an X post, crypto analyst Tony Severino mentioned that the Ethereum price is heading to a golden cross this week. This golden cross occurs when a short-term moving average (MA), like the 50-day MA, crosses a long-term MA, like the 200-day MA. This typically indicates…
[ad_1] FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together! Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and…
[ad_1] Alexander Mashinsky, the former CEO of the now-bankrupt cryptocurrency lender Celsius, has pleaded guilty to two counts of fraud, facing a potential maximum sentence of 30 years in prison. This development comes in the wake of multiple charges filed by the US Department of Justice (DOJ), which originally accused him of seven counts related to fraud, conspiracy, and market manipulation. US Attorney Calls Celsius Fraud Scheme One Of Crypto’s Largest Mashinsky entered his guilty plea in a New York courtroom, admitting to committing commodities fraud and securities fraud connected to two deceptive schemes involving Celsius, which he co-founded as…
[ad_1] This article will analyze the event that XRP surpassed Solana and USDT in market cap to become the 3rd largest cryptocurrency, just below BTC and ETH. We will consider the factors contributing to the recent increase in XRP price, from activities of Ripple Labs to XRP ETF news. Then, we will evaluate the sustainability of this trend and forecast XRP’s future.1. XRP Surpassed Solana and USDT in Market Capitalization: a Significant Milestone in the Cryptocurrency MarketOn December 1, 2024, a notable event shook the cryptocurrency market: Ripple’s market capitalization surpassed both Solana and USDT.Source: coinmarketcap.comAccording to CoinMarketCap, at the…
[ad_1] FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together! Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and…