New research indicates a significant decrease in the selling pressure from Bitcoin BTC/USD miners, suggesting a potential upward trend for the cryptocurrency market in the near future. This shift comes as the market digests the sell-off from miners who have been offloading Bitcoin to cover operational costs following the halving event, according to CryptoQuant. Miners’
Bitcoin BTC/USD experienced a sharp decline on Monday, plummetting below the psychological barrier of $60,000, its lowest point since May. What Happened: According to market data, Bitcoin’s price hit a troubling low of $59,809 per coin at 1:30 p.m. EDT on June 24, representing a substantial 6% drop against the U.S. dollar. Over the past
Standard Chartered Plc is reportedly establishing a trading desk for Bitcoin BTC/USD and Ethereum ETH/USD, according to sources familiar with the matter. What Happened: This move positions Standard Chartered as one of the first global banks to enter the spot cryptocurrency trading arena. The new crypto desk, which will operate from London as part of
May 31, 2024 4:34 PM | 2 min read Cryptocurrency markets saw more sideways trading to close out the week, with inflation data failing to ignite a rally. Prices as of 4 p.m. ET: Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $67,640 -0.9% Ethereum (CRYPTO: ETH) $3,780 +1.1% Solana (CRYPTO: SOL) $166.15 -0.5% Dogecoin (CRYPTO:
The U.S. Securities and Exchange Commission’s (SEC) recent request for revisions to Ether ETF applications has sparked a wave of optimism in the cryptocurrency industry. Benzinga talked to experts, who believe a potential green light for these ETFs could attract new investments and accelerate the mainstream adoption of Ethereum and other alternative cryptocurrencies. What Are
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Editor’s Note: This article has been updated to include a statement from Tether regarding the company’s compliance with OFAC sanctions. Venezuela’s state-owned oil company, PDVSA, is turning to cryptocurrency to adapt as the United States reimposes sanctions on the country’s oil industry. ENTER TO WIN $500 IN STOCK OR CRYPTO Enter your email and you’ll
April 22, 2024 12:30 PM | 2 min read | Real Vision CEO Raoul Pal think the cryptocurrency user base is the” perfect chart” set to explode to reach 4 billion users by 2030. Exponential Adoption Curve ENTER TO WIN $500 IN STOCK OR CRYPTO Enter your email and you’ll also get Benzinga’s ultimate morning
Even as Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) have experienced a significant price drop over the past 24 hours, a new report states both cryptocurrencies have fallen below critical support levels, potentially signaling a shift in market sentiment. According to 10x Research, Bitcoin has slid below its critical support level of $68,330, a move
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