Cryptocurrency Analysis and News Portal
During the previous week, the price of Ethereum has stabilized between $2,000 and $1,700. Because of this, the ETH price remained largely unchanged compared to the last seven days and lost 2.5% of its value. While Bitcoin has fallen below the $29K range, Ether has lost its hold on the $1800
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As stocks plummet and inflation surges, cryptocurrencies appear to be following suit. In the past six months, Bitcoin, the largest cryptocurrency by market capitalization, has lost about half of its value. Currently, Bitcoin is selling at an average price of $29,700, and Glassnode has recorded an outflow of almost $1.3 billion, with
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As digital currency prices have slid significantly in value during the past few months, the bear market cycle is starting to take its toll on the crypto industry’s workforce. On June 2, Gemini’s co-founders the Winklevoss brothers revealed the company would lay off 10% of its employees. The same day,
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Cryptocurrency bear markets destroy portfolio value and they have a dangerous tendency to drag on for longer than anyone expects. Fortunately, one of the silver linings of market-wide pullbacks is that it gives investors time to re-focus and spend time researching projects that could thrive when the trend turns bullish again.Here’s
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Coinbase announced the move on its blog following an announcement of layoffs at fellow exchange Gemini earlier today. Original Source
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Gemini, a cryptocurrency trading platform founded by brothers Cameron and Tyler Winklevoss, is the latest industry firm to lay off a significant part of its staff due to unfavorable market conditions.Winklevoss’ crypto business Gemini Trust reportedly cut 10% of its employees amid the ongoing bear crypto market, the founders wrote
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Summary: The founder and CEO of BTC.TOP mining, Jiang Zhuoer, has forecasted that the ongoing crypto bear market could end at the end of 2022 and coincide with Ethereum’s Merge. He also anticipates the Ethereum merge to happen between October and December. The Merge and EIP-1559 will make Ethereum the first real deflationary
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“These companies have found themselves in a position where they made plans and commitments that assumed external capital, whether from public or private markets, would always be readily available," he said. "Now, the cost of capital, if available, just got more expensive, and some of these miners do not have
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The crypto market has been in decline over the past six months with its valuation dropping from over $3 trillion in November 2021 to $1.23 trillion in May 2022.Fears over persistently higher inflation, the Federal Reserve's hawkish response to it, and the ongoing conflict between Ukraine and Russia prompted investors
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Bitcoin (BTC), the largest cryptocurrency crashed to as low as $25,892 on the week of May 9, the lowest since December 2020. Since then, bitcoin has recovered somewhat and stabilized around the $30,000 level. As of press time it was changing hands around $30,223. Original Source
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