Tag: Market trends

news-12072024-215817

Northern Data Revenue Decreased to €77.5M, Mined 2,298 BTC in 2023

Northern Data Group experienced a decrease in revenue, with a reported net revenue of €77.5 million for the fiscal year 2023, compared to €193.3 million in 2022. The company's total income also saw a...
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Wall Street Calls for Buying Dip in Gold-backed Tokens

Gold-backed cryptocurrencies have taken a hit as the price of gold experienced a significant drop, sparking speculation about Trump's tariff tactics. Despite this, experts on Wall Street are urging investors to consider this dip...
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Crypto Market Anticipates Renewed Bullish Trend Post $10B Options Expiry

It's that time again when discussions about activity in the crypto derivatives take precedence. On Friday at 08:00 UTC, bitcoin (BTC) options worth $6.68 billion and ether (ETH) options worth $3.5 billion are set...
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NVIDIA Makes History as 12th S&P 500 Leader

NVIDIA has recently made history by becoming the 12th company to lead the S&P 500 index. This achievement is a significant milestone for the tech giant, as it now boasts a market cap of...
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Ether Price Surges Above $3.5K Before ETH ETF Trading, Inflow Worries Persist

Ether (ETH) saw a significant price increase, surpassing $3,500 as anticipation builds for the launch of U.S.-based spot exchange-traded funds (ETFs). However, concerns linger regarding the potential impact of Grayscale's $9 billion ETH Trust...
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Bitcoin Price Surges with BlackRock ETF Breaking Records in 2024

Bitcoin saw a significant surge on Wednesday, reaching a record high of $76,481, marking its fourth-best day of the year. This increase followed the U.S. presidential election victory of Donald Trump, who expressed support...
traders-shorting-bitcoin-as-btc-price-reaches-record-high

Traders Shorting Bitcoin as BTC Price Reaches Record High

Bitcoin {BTC} hit a new all-time high above $110,000 on Thursday, causing around $500 million worth of derivatives positions to be liquidated. However, despite this bullish move, some traders remain skeptical. Trading volume surged...
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Is Donald Trump Protecting Bitcoin from Tech Stock Decline?

Since the market opened yesterday, the S&P500 has lost 1.8%, the tech-heavy Nasdaq-100 is down 3.0% and tech darling Nvidia (NVDA) has bled 5.3%. Normally, bitcoin follows stocks (especially tech stocks) on their...
news-08102024-234025

Ethereum Staking Thrives Amid Market Trends: Growth Outlook for 2024

Ethereum staking has been on the rise in 2024, defying market trends and showing robust growth. Despite the challenges faced by the asset's price, over 60% of Ethereum stakers are currently in profit. This...
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Ethereum Price Analysis: Impending Breakout After Consolidation?

My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to...