Category: Latest news
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Bitcoin breaks $20k following NFP and unemployment data, as markets favour 25bps instead of 50bps
[ad_1] Quick Take +311k jobs created vs. estimate of +205k. 3.6% unemployment rate vs. an estimate of 3.4% Bitcoin broke $20,000 immediately after DXY retreats to 104.8, which sees an uplift on major currencies inc EUR and GBP While 25 bps is now the most likely for the upcoming FOMC meeting on 22nd March, with…
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Cathie Wood remains bullish on Bitcoin, other cryptocurrencies
[ad_1] Ad Cathie Wood, founder and CEO of investment management company ARK Invest, reiterated her bullishness on Bitcoin and other cryptocurrencies in a recent talk at Lyceum Miami with journalist and investor Anthony Pompliano. Wood provided some insights into her investment strategy and outlook for the industry — despite some recent setbacks to the broader…
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U.S. government appeals Voyager-Binance.US deal
[ad_1] Ad The U.S. government has appealed a judicial decision that approved the sale of Voyager Digital’s assets to Binance.US, according to a filing on March 9. Two government agencies filed the appeal: the U.S. Attorney’s Office for the Southern District of New York and the Office of the U.S. Trustee. Though the current filing…
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Cardano rises 6% against Bitcoin despite broad market sell-off
[ad_1] Ad Cardano’s ADA has risen by nearly 6% against Bitcoin despite the broad market sell-off in the last 24 hours, according to CryptoSlate’s data. The ADA/BTC spot pair on Binance increased by 0.00000087 during the reporting period to as high as 0.00001571. However, it has retraced to 0.00001562 at the time of writing. Source:…
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Bitcoin long-term holders capitulate at levels seen during FTX collapse
[ad_1] Quick Take Bitcoin long-term holders (LTHs) are defined as investors who have held Bitcoin for longer than six months and are considered the smart money of the ecosystem. Typically they will buy Bitcoin when the price is suppressed and distribute in bull markets. However, LTHs do capitulate and sell Bitcoin when panic and fear…
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Crypto lawyer rallies Ethereum investors in class action lawsuit against NYAG’s ‘securities’ label
[ad_1] Ad Lawyer John Deaton is beginning a class action lawsuit to fight allegations Ethereum is a security. The Managing Partner of the Deaton Law Firm posted a link to a Google Docs form for concerned investors to sign up. Ethereum investors feel the heat On March 9, New York Attorney General Letitia James filed…
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Banks halted on exchanges, while 2-year treasury yield plunges
[ad_1] Quick Take Signature bank halted after dropping a record 22%, while 30% down in the past five days. Other banks have been halted, including First Republic and SIVB. SIVB is down 60%; these three banks have combined nearly $500 billion in deposits. SIVB fundraising has so far failed, with deposit outflows outpacing the sale…
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Bitcoin hashprice drops as miners face possible 30% energy tax
[ad_1] Ad Bitcoin’s (BTC) hashprice has significantly plummeted in recent weeks, dropping to its early January levels — a potential sign that the mining bull run might be over. Hashprice measures the market value for each unit of hashing power. BTC’s price determines Hashprice’s value alongside the network difficulty and transaction fees. With BTC’s network…
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ETH enters $1.3K price range; declines 10% in the last 24 hours
[ad_1] Ad Ethereum has tumbled more than 10% since trading began on Friday, entering the $1,387 range down more than 71% from its all-time high in November 2021. As the second-largest crypto by market cap behind Bitcoin, Ethereum, which boasts a market cap of $168 billion, has a robust ecosystem led by its enigmatic founder…
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Crypto market massacre sees $78B in outflows: CryptoSlate Daily wMarket Update
[ad_1] Ad The cryptocurrency market cap saw net outflows of $77.63 billion over the last 24 hours and currently stands at $917.63 billion — down 7.8% from $995.26 billion. Over the reporting period, Bitcoin and Ethereum’s market cap fell 8.9% and 10% to $381.71 billion and $169.6 billion, respectively. The top 10 crypto assets recorded…