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Only around 9% of the Bitcoin supply is currently in the red, carrying up to 10% unrealized losses, according to Glassnode. Comparatively, the local bottom of this cycle saw more than 25% of supply at up to 23% losses, the analysts noted. BTC fell to around $75,000 on April 9 in a correction that took
Crypto.com CEO Kris Marszalek is confident that digital assets will be boosted in the fourth quarter of the year, primarily driven by the US central bank reducing interest rates. Marszalek said in an interview with Bloomberg on Tuesday that Crypto.com revenue is likely to be better this year, “especially if we see a Fed rate
Derivatives traders are expecting a slightly more optimistic outlook for Bitcoin in September despite macroeconomic uncertainty and seasonality odds, with experts indicating muted downside volatility. In response, Bitcoin has bounced 3% over the last two days, showing a slight bullish skew and currently trades around $110,000, CoinGecko data shows. The uptick, however, occurs amid flat
India’s massive Web3 ecosystem remains paralyzed by bureaucratic turf wars that industry leaders warn are costing the nation trillions, while Asian neighbors race ahead with clear stablecoin frameworks as the U.S. guides financial institutions through landmark legislation. “None of them,” Aishwary Gupta, Global Head of Payments & RWAs at Polygon Labs, told Decrypt, when asked
Documentaries have so far failed to identify Bitcoin’s pseudonymous creator, Satoshi Nakamoto, convincingly. Now, an upcoming feature film from notable Hollywood creatives aims to put a dramatic spin on the crypto’s creation and impact. Hollywood is turning its lens towards crypto with “Killing Satoshi,” a conspiracy thriller that will explore the secret identity of Satoshi Nakamoto. Director Doug Liman,
The final week of August ended on a lackluster note for the crypto market, with trading activity slowing and global market capitalization dipping by 6%. However, a few US crypto stocks defied the broader market weakness, closing the week on a positive note and positioning themselves for potential gains this week. Bitdeer Technologies Group (BTDR)
Hivello, an AI-powered gateway for passive income, is set to enter the next phase of development. The platform has a clear mission of making more simpler, seamless, and accessible passive income for everyone in the world. Hivello has a clear roadmap ahead, doubling down on performance and simplicity. With these ambitions, the platform aims to
A new report assessed the environmental impact of Bitcoin and other cryptoassets, casting a particularly harsh light on BTC. It claimed that one Bitcoin transaction uses as much power as an average UK home does in three weeks. Renewables in the global hashrate and carbon offsets are important metrics, but difficult to fully quantify. Currently,
Cryptocurrency analysis company MakroVision made important assessments regarding price movements in its latest report for Bitcoin (BTC). According to the report, Bitcoin maintains its short-term downtrend and is making its first attempt at stability in the Golden Pocket (0.618–0.665 Fibonacci) region after testing the level. Analysts pointed out that a short-term recovery could begin at