Tag: Cryptocurrency investment

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Bitcoin Warning: First Mover Americas Sees Price Drop to $55K

Bitcoin experienced a slight drop in price to $64,500 during the European morning, after falling to $62,500 on Thursday. This price is close to the 50-day moving average, which is an important support line...
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Bitcoin Network Difficulty Reaches Record High Amid Price Volatility

Bitcoin’s network difficulty has reached a new high, hitting 90.67 trillion on August 2, 2024, as reported by CoinWarz. This achievement comes after a period of declining difficulty, indicating a resurgence in miner confidence...
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CleanSpark expands Bitcoin mining operations with first site acquisition in Wyoming

CleanSpark, a Nasdaq-listed BTC miner, has expanded its Bitcoin mining operations by acquiring its first site in Wyoming. The company has executed 75 megawatts of power contracts, with 30 MW allocated for the first...
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Bitcoin Weekly Loss Continues as Yen Strengthens Post BOJ Rate Hike

Bitcoin continued to face pressure this week as the Japanese yen gained strength in the foreign exchange market following the Bank of Japan's decision to raise interest rates and implement measures to tighten liquidity....
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Ether ETFs Experience $340 Million Outflows in Debut Week

Ether exchange-traded funds (ETFs) had a rough start in their debut week, experiencing $340 million in outflows as investors pulled their money out of the Grayscale Ethereum Trust (ETHE) in favor of competing products....
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Bitcoin’s Potential: 7% of Global Wealth, Price Surge to $13M in 21 Years

Michael Saylor, the executive chairman of MicroStrategy, continues to show his strong belief in Bitcoin (BTC) during the Bitcoin 2024 conference in Nashville. Saylor predicts that Bitcoin's price could surge to an astonishing $13...
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German Government Sells Majority of Bitcoin Holdings, Retains $890M

In recent weeks, the German government has been actively selling off a significant amount of Bitcoin (BTC), leading to increased selling pressure on the cryptocurrency market. This move has caused Bitcoin to drop by...
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Metaplanet Purchases 42,466 BTC: A Game-Changing Move – CoinJournal

Metaplanet, a Japanese firm, has made a significant move in the cryptocurrency space by purchasing 42,466 BTC, equivalent to $2.5 million. This purchase has increased Metaplanet's total Bitcoin holdings to an impressive 203,734 BTC,...
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Repaying Mt. Gox Creditors with Bitcoin and Bitcoin Cash: A Guide

Mt. Gox, the once-dominant cryptocurrency exchange, has finally begun repaying its customers after almost a decade of waiting. This news brings closure to many users who have been eagerly anticipating the return of their...
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Bitcoin’s Price Drops 11% After Whale Transfers Millions to Binance

Bitcoin's price took a hit this week as the entire crypto market struggled. Dogwifhat (WIF), a popular memecoin, saw a significant drop in its price following a massive transfer by a whale. Reports surfaced...