Author: e_cash_top

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In recent weeks, the stock prices of several top bitcoin holding companies have experienced significant declines. For example, as of February 2023, the stock price of Grayscale Bitcoin Trust (GBTC), one of the largest bitcoin holding companies, is down by more than 15%. While some investors may view this as a buying opportunity, it is…

Ethereum Price Prediction: Why ETH Price May Drop Another 9%

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in Markets

The price of Ethereum (ETH), the world’s second-largest cryptocurrency by market capitalization, has been on a rollercoaster ride over the past few months. After hitting an all-time high of over $4,300 in May 2021, the price of ETH has since fallen to around $2,000 as of February 2023. While some investors are hopeful that the…

Research: Public Bitcoin Miners in better financial health despite 12.1% YoY drop in BTC holdings

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[ad_1] Glassnode data analyzed by CryptoSlate shows that Bitcoin miners are beginning to enjoy some respite in the current year after struggling in 2022. Bitcoin miner’s holdings decline 12.1% YoY As of Jan. 2022, Bitcoin miners held 36,003 BTC, with mining firms like Core Scientific, Riot, Hut8, Marathon, and Bitfarms holding over 30,000 coins. However, the…

Crypto Trading Firm Cumberland Says Bull Market is Close – Have We Bottomed Already?

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in Markets

On February 16, 2023, the cryptocurrency trading firm Cumberland, a subsidiary of DRW Holdings, released a report stating that they believe the cryptocurrency market is close to entering a bull market. This report has prompted many to question whether or not the market has already bottomed out. Cumberland’s report cited several factors that they believe…

Market Ingests Today’s Inflation Print. How Did Crypto React?

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in Markets

On February 17, 2023, the U.S. Bureau of Labor Statistics released its latest report on consumer price inflation for the month of January. The report showed that consumer prices increased by 0.7% from December 2022, higher than the expected increase of 0.5%. The report also showed that consumer prices increased by 7.1% from January 2022,…

‘Landscape is shifting,’ following 15% drop in BUSD market cap

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[ad_1] Ad Binance CEO Changpeng Zhao (CZ) said the “landscape is shifting,’ concerning stablecoin movements triggered by recent regulatory pressures. Tether gains at BUSD’s expense The Binance CEO tweeted details of changes in the valuations of the top three stablecoins. He said BUSD’s market cap had fallen by almost $2.5 billion to $13.7 billion —…

Japan to launch CBDC pilot program for issuance of digital Yen

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[ad_1] Ad Bank of Japan director Uchida Shinichi said that the apex bank would launch a central bank digital currency (CBDC) pilot program to test the use of digital yen from April. The Bank of Japan launched the Proof of Concept (PoC) phase of its CBDC experiment in April 2021. The PoC was designed to investigate…

Bitcoin loses $24k – as 15k coins go back onto exchanges, profits get realized

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[ad_1] Quick Take Bitcoin broke below $24,000 on Feb. 17, as coins returned to exchanges while short-term holders realized large amounts of profit. Over 15,000 BTC went back onto exchanges from a range of cohorts — from small to big players. Year-to-date (YTD), only 2,000 BTC have been withdrawn from exchanges. Net realized profit was…

Mt. Gox’s leading creditors opt for Bitcoin payment that guarantees 90% of funds owed

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[ad_1] Ad The two largest creditors of Mt. Gox, the now-defunct cryptocurrency exchange that got hacked in 2014 — leading to the loss of 850,000 BTC — have chosen an early lump sum payment option that will not require a selloff of their Bitcoin holdings. The payment is scheduled for September 2023, CoinDesk reported Feb.…

Binance mints almost 50 million TUSD stablecoin; TRU token rises 200%

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