Bitcoin’s price surged to over $68,000 after President Joe Biden announced his decision to quit the 2024 presidential race. This positive reaction came amidst a period of intense price volatility for the primary cryptocurrency. Following the failed assassination attempt against Donald Trump, Bitcoin skyrocketed from $58,000 to $65,000, only to drop by three grand last
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eBay’s recent acquisition of KnownOrigin resulted in the abrupt closure of the digital art marketplace, sending shock waves through the community. The closure after just two years was attributed to shifts in the NFT market, raising concerns about the longevity and safety of digital assets. This development has significant implications for the NFT market, disrupting
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The past week has been a positive one for the cryptocurrency market, with Bitcoin showcasing an impressive surge of 11%. Despite not claiming the top spot in terms of performance, Bitcoin managed to make significant waves within the industry. From July 14th onwards, the price of BTC has been on an upward trajectory, trying to
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Bitcoin has been experiencing a series of hyper-bullish developments, according to crypto investment firm Mechanism Capital. The company’s co-founder, Andrew Kang, expressed on Twitter that Bitcoin may have the potential to surpass $1 million in the mid-term. Despite facing some poor market structure dynamics earlier in the month, Bitcoin has been performing stronger than expected.
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State Street Corp., a major player in traditional finance, is making significant strides in the crypto space by exploring the launch of its own stablecoin and tokenized deposits. This move is aimed at improving payment settlement using blockchain technology. The company has been actively integrating into the blockchain industry, aligning traditional finance with digital assets
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In a recent analysis, crypto analyst Scott Melker, also known as “The Wolf Of All Streets”, shared his bullish perspective on Bitcoin (BTC), predicting that the pioneer cryptocurrency could potentially reach a new all-time high of $100,000. With Bitcoin currently trading at $66,523, this would require a 50.34% increase. Melker highlighted that the current market
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Kraken Institutional, the specialized division catering to institutional investors of US-based crypto exchange Kraken, has recently announced the international expansion of its custody services into the UK and Australia. This move marks a significant milestone in the company’s growth and development within the crypto industry. With the official press release stating that institutional clients in
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Over the past weekend, the price of bitcoin has seen a significant rally, indicating a possible bottoming out of the crypto asset. The price of BTC reached a high of $67,000, although it currently hovers around $64,000. Analysts at CryptoQuant have pointed out that on-chain metrics show positive momentum in the short term, but sustainability
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