Category: social

Cardano Back to Top 4 as Bitcoin Dominance Drops to 35-Month Low

Cardano Back to Top 4 as Bitcoin Dominance Drops to 35-Month Low

Bitcoin’s price continues to tumble, and the asset has failed to overcome $50,000 yet again. Some alternative coins have marked substantial gains in the past 24 hours, including another ATH for ADA and a 15% surge for XRP. As a result, BTC’s dominance has fallen to its lowest level since June 2018. 35-Month Low for […]

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Nearly 50 Million Americans Own Bitcoin, NYDIG Estimates

Nearly 50 Million Americans Own Bitcoin, NYDIG Estimates

A survey compiled by the New York Digital Investment Group (NYDIG) estimated nearly 50 million of Americans currently own bitcoin. Interestingly, the majority of poll participants also noted that they would store their digital tokens at banks if they had such services. Americans Own Bitcoin Compiled earlier this year but shared just recently, NYDIG’s report […]

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Cardano (ADA) Breaks $2, Bitcoin Struggles at $50K (Weekend Watch)

Cardano (ADA) Breaks $2, Bitcoin Struggles at $50K (Weekend Watch)

The Elon Musk-induced market crash continues to haunt bitcoin as the asset fails to decisively overcome $50,000. At the same time, the altcoins eat up its dominance with notable gains. Cardano is the top performer in the past few days, and the latest surge has driven ADA well above $2 for the first time. Cardano […]

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Shiba Inu (SHIB) Mania, Dogecoin, Tesla’s Bitcoin Halt and Crypto Market Volatility: The Weekly Recap

To say that last week was eventful would be an understatement. The entire market went through extreme volatility. Many altcoins charted new all-time highs and went through serious declines as well. Let’s start with Bitcoin. The cryptocurrency is currently down about 10% on the weekly – last Friday, it was trading at around $57K. Unfortunately, […]

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Max Keiser and Community Proponents Chip in on Elon Musk, Dogecoin, Tesla, and Bitcoin

Max Keiser and Community Proponents Chip in on Elon Musk, Dogecoin, Tesla, and Bitcoin

It goes without saying that the entire cryptocurrency community was taken ablaze by what happened with Tesla, Elon Musk, Bitcoin, and, somewhat not surprisingly, Dogecoin. Following the electric vehicle manufacturer’s decision to halt BTC payments for its products due to environmental considerations, Elon Musk, the company’s CEO, said that he’s working with Dogecoin developers to […]

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Analysis: Bitcoin Whales Depositing BTC to Exchanges, More Short-Term Downside Action Inbound?

Analysis: Bitcoin Whales Depositing BTC to Exchanges, More Short-Term Downside Action Inbound?

It’s been a tumultuous couple of days in the cryptocurrency market following the latest declines. According to a reputable analyst, however, the short-term downside might not be over, though other on-chain metrics also suggest that the long-term does look promising. More Short-Term Downside for Bitcoin Price? The past two days were challenging for bitcoin’s price. […]

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Market Watch: Dogecoin (DOGE) Soars 20% As Bitcoin Trades Below $50,000

Market Watch: Dogecoin (DOGE) Soars 20% As Bitcoin Trades Below $50,000

Bitcoin’s struggles continue after yesterday’s massive slump as the asset has failed to decisively regain the $50,000 milestone. Most alternative coins had suffered even more, except for Dogecoin and Cardano. DOGE is up by 20%, while ADA marked yet another all-time high. Bitcoin Struggles Below $50K The primary cryptocurrency fell hard yesterday, as reported. While […]

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Diem Relocates From Switzerland to the US to Launch an USD-Backed Stablecoin

The Diem Association announced a strategic partnership with the crypto-friendly US bank – Silvergate Bank. Consequently, both parties plan to launch a stablecoin pegged to the American dollar. Additionally, the Association will relocate from Switzerland to the United States. A New Home for Diem The blockchain-based payment system Diem, launched by the social media behemoth […]

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Huobi Group Launches $100 Million Fund For DeFi And NFT Development 

Huobi Group, the holding company of the leading cryptocurrency exchange, Huobi Global, has recently launched a new subsidiary geared towards decentralized finance (DeFi) projects, non-fungible tokens (NFTs), and mergers and acquisitions. Huobi Devotes $100M to DeFi In a Thursday press release shared with CryptoPotato, the company noted that it has already deployed $100 million to […]

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