Cryptocurrency Analysis and News Portal
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The crypto community continues to be bombarded with rumors and conspiracy entering into the fifth day of FTX's fall.From reports that Sam Bankman-Fried (SBF) was arrested on the tarmac at the Bahamas airport to rumors that employees of the exchange are trying to sell the company’s assets, it has been
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Shares of tech firm MicroStrategy (MSTR, which holds about 130,000 bitcoins, fell 20% Wednesday. Crypto exchange Coinbase (COIN) dropped 9.5%. Crypto-focused bank Silvergate (SI) declined 12%, while financial services firm Galaxy Digital (GLXY.TO) fell 16% in Toronto stock exchange. The stocks of bitcoin miners such as Riot Blockchain (RIOT) and
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The largest cryptocurrency by market capitalization was hurtling toward $16K amid the growing fallout from crypto exchange FTX’s collapse. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today's crypto markets. Original Source
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"Ether may continue to outperform bitcoin as ETH's annual issuance continues to fall rapidly. Therefore, thanks to the transaction fee burn mechanism, any increase in on-chain activity should bring Ethereum firmly into deflationary issuance territory and may have a substantial outsized effect on Ethereum’s price," Josh Olszweicz, head of research
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Shares of bitcoin miner Core Scientific (CORZ) fell another 14% Friday after a rough week amid financial woes and analyst downgrades. Source
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BTC was recently changing hands at about $19,300, flat over the past 24 hours. Ether was recently trading near $1,350, up by less than a percentage point from Sunday, same time. Other major cryptos were also up or down in small increments, albeit slightly more to the red. Among the
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Bloomberg Intelligence’s senior commodity strategist says bitcoin “may be entering an inexorable phase of its migration into the mainstream.” In addition, the cryptocurrency may also “be entering unstoppable maturation stage,” the strategist added, expecting the price of bitcoin to continue to rise over time. Bitcoin’s ‘Unstoppable Maturation Stage’ Bloomberg Intelligence’s senior commodity
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CSPR’s price remains strong despite price facing rejection from a high of $0.055 as the price holds above the key support area. TWT
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● CoinDesk Market Index (CMI): 935.73 +1.1% ● Bitcoin (BTC): $19,184 +0.8% ● Ether (ETH): $1,303 +1.5%
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