In a dramatic turn, the cryptocurrency market has experienced a major setback, with the total market capitalization plunging by 14% in the past 24 hours. This drop saw assets worth $1 billion liquidated from the crypto market, marking one of the steepest declines in recent history. Bitcoin, the leading cryptocurrency,
In a political landscape where every candidate is vying to stand out, Robert F. Kennedy Jr. has taken an unexpected route to capture attention. Robert F. Kennedy Jr., a man known for his unfiltered takes and eco-warrior persona, recently shared a tale straight out of a bizarre sitcom: dumping a
In the last 24 hours, the cryptocurrency market faced a sharp downturn, with $901.67 million in long positions liquidated. The sell-off, which surged on Sunday, has stemmed to significant losses across major digital assets like Bitcoin (BTC) and Ethereum (ETH). Also, the decline has pushed the global market cap below
Today, the price of Bitcoin (BTC) fell to $60,000, losing its recent gains. Despite a brief rally over $65,500 during Asian trading hours on August 2, Bitcoin’s price dropped 7.61% over the past day. At the time of writing, Bitcoin traded at $61,672 with a market cap of $1.21 trillion.
The crypto lending behemoth Genesis Global, which had previously declared bankruptcy, has reportedly transferred $1.5 billion to repay creditors. Noting that the transferred money is held in Bitcoin (BTC) and Ethereum (ETH), the crypto data analytics portal Arkham Intelligence revealed the update. Genesis Global was badly affected by the FTX
Unexpected equipment failure and the bitcoin halving event in April were the key factors that affected Marathon Digital’s operations, leading to larger losses in the second quarter of this year. This year’s second quarter had a net loss of $199.7 million for Marathon, which was renamed as MARA not long
Today, the spot Bitcoin ETFs saw significant inflows, reviving their previous surge in popularity. With an incredible $191 million inflow, Grayscale’s Mini BTC Trust ETF stands out among the others. As for the spot Ether ETFs, they kept seeing market volatility, with Grayscale’s ETH ETF seeing ongoing withdrawals. As of
US-based Software intelligence firm, Microstrategy released its Q2 reports in the last 24 hours. The firm is one of the key players in the cryptocurrency sector and has drawn attention in the past few weeks. Its current Bitcoin holdings stand at 226,500 worth approximately $14 billion. Notably, the company purchased
The pro-Bitcoin attitude of former US President Donald Trump may have won over many Americans. The backing he has gotten from crypto enthusiasts via contributions associated with his recent sales of Non-Fungible Token (NFT) sneakers is proof of this. Almost immediately after being listed, Trump’s Bitcoin NFT sneakers sold out.
A 25-basis-point reduction in interest rates from 5.25% to 5.0% has been announced by the Bank of England, marking a watershed event. The decision follows expectations, and the British central bank reportedly pulled off this U-turn with a razor-thin majority. With this move, the wheels are in motion for more
