Riot Platforms, an American Bitcoin mining firm, recorded a significant net loss of $84.4 million in the second quarter of this year. This loss represents a stark contrast to the $27.4 million loss reported in the same quarter of the previous year. The widened losses can be attributed to the ongoing impact of April’s Bitcoin
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Investing in Bitcoin can be a tricky endeavor, especially with the market’s inherent volatility and price fluctuations. However, one crypto analyst named ‘Stockmoney Lizards’ has provided some insight into the best times to buy the pioneer cryptocurrency by pinpointing key price levels for potential buying opportunities. Bitcoin’s recent price movements have been analyzed by the
The recent on-chain data reveals a significant increase in Bitcoin accumulation by a particular whale who managed to amass almost $400 million worth of the cryptocurrency in just two days. This aggressive accumulation suggests a strong bullish sentiment towards the flagship crypto. The whale, identified as 12QVs…oN2qo, withdrew a total of 5,800 BTC from Binance,
Senator Cynthia Lummis of Wyoming has introduced a groundbreaking bill that could potentially change the landscape of the United States’ financial assets. The proposed ‘Bitcoin Act’ aims to secure a strategic Bitcoin reserve for the US government, with plans to acquire 1 million BTC over a five-year period. Senator Lummis justified the choice of Bitcoin
A recent price analysis conducted by a crypto analyst has brought attention to a crucial support level for Bitcoin (BTC), suggesting the potential for a significant price plunge to new lows if certain key levels are not maintained. The pseudonymous crypto analyst, DonAlt, shared this detailed analysis on the TechnicalRoundup YouTube channel, pointing out that
Opeyemi’s journey into the world of cryptocurrency was not a planned one. It was more of a spontaneous decision that ended up shaping his career. Despite not initially choosing the digital asset industry, he found himself completely captivated by it after taking a leap of faith over two years ago. What sets Opeyemi apart is
In July, the total stablecoin market capitalization experienced a 2.11% increase, reaching a total of $164 billion. This growth trend has been ongoing for the past ten months, with major stablecoins steadily gaining market dominance, which now sits at 6.93%. Tether, the leading stablecoin in terms of market cap, saw a significant 1.61% increase, surpassing
Semilore Faleti, a prominent cryptocurrency writer, has established himself as a knowledgeable and adept journalist in the digital asset space. With a keen eye for detail and a passion for unraveling the complexities of blockchain technology and cryptocurrency, Semilore has successfully carved out a niche for himself in the industry. His dedication to exploring the
The past week has been a rollercoaster ride for Bitcoin and the entire cryptocurrency market. It all started with a promising note as Bitcoin’s price surged by $3,000 on Monday, reaching $70,000 for the first time in months. This price jump came on the heels of former President Donald Trump’s pro-crypto statements at a BTC
Bitcoin has experienced a significant price drop in the past few hours, falling below the $60,000 mark for the first time in several weeks. This downward trend has not only affected Bitcoin but also altcoins like ETH, SOL, DOGE, and BCH, which have seen drops of 6-7%. Last weekend, the cryptocurrency market was also volatile,
Nader Al-Naji, the CEO of BitClout, a social media platform, has found himself in legal hot water. The US Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) have jointly charged him with orchestrating a fraudulent crypto asset scheme. The allegations suggest that Al-Naji raised a staggering $257 million through unregistered offers and
California’s Department of Motor Vehicles (DMV) has recently taken a huge step towards modernization by digitizing 42 million car titles through the innovative Avalanche (AVAX) network. This move is part of a broader effort to streamline the state’s title transfer process in collaboration with Oxhead Alpha, a software development firm. The implementation of a new
Bitcoin’s price took a hit recently as it broke down below the $64K support level, signaling a potential change in market sentiment. The double top pattern formed at the $68K resistance level led to a downward trend, with the price now testing the 200-day moving average. The critical juncture at $64K will determine whether the
Bitcoin (BTC) miners could experience a reduction in selling pressure in the near future due to a combination of factors that have led to an increase in their profitability and the recovery of their hashrate. Despite the recent rally of Bitcoin to the $69,000 range, the network’s hashrate has shown signs of recovery, with only