Wednesday, April 24, 2024
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Market Wrap: Bitcoin Pauses Losing Streak but the Trend Is Still Not Bullish

BTC was slightly higher on the day, but ETH was outpacing the largest cryptocurrency by market cap. Bitcoin’s price (BTC) increased 0.3% on Thursday, ending a streak of four consecutive negative days. Average trading volume was larger than average. Prices initially declined 0.5% as U.S. equity markets opened.Ether’s (ETH) price

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Ethereum Co-Founder Vitalik Buterin Downplays Ethereum PoW Fork, Hopes It ‘Doesn’t Lead to People Losing Money’ – Bitcoin News

Ethereum co-founder Vitalik Buterin recently discussed what he thinks about the recent Ethereum proof-of-work (PoW) fork topic that’s been finding its way into a number of conversations within the crypto community. Buterin remarked at the ETH-Seoul conference over the weekend, that he believes the people introducing the forked token concept

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Solana and Nomad bridge fall prey to exploits losing millions

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.This past week, the DeFi ecosystem saw two exploits, one after another, resulting in the loss of millions of dollars. First, cross-bridge token platform Nomad

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Bitcoin Snaps Losing Streak as Pelosi Taiwan Trip Passes Without Incident

●Bitcoin (BTC): $22,807 −1.1% ●Ether (ETH): $1,614 −2.0% ●S&P 500 daily close: 4,155.17 +1.6% ●Gold: $1,781 per troy ounce +0.5% ●Ten-year Treasury yield daily close: 2.75% +0.007 Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CryptoX Bitcoin Price Index (XBX); Ether is the CryptoX Ether Price Index

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Polygon gains 83% in a month, but data show project has been losing traction

Polygon (MATIC) had a promising July, gaining an impressive 83% in 30 days. The smart contract platform uses layer-2 scaling and aims to become an essential Web3 infrastructure solution. However, investors question whether the recovery is sustainable, considering lackluster deposits and active addresses data.MATIC/USD on FTX. Source: TradingViewAccording to Cointelegraph,

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FTX’s Bankman-Fried Says It’s Worth Losing Money to Prop Up Crypto Industry

While FTX has extended millions of dollars to those companies, that hasn’t necessarily succeeded in bailing them out. BlockFi negotiated a deal where FTX could buy the company outright, and Voyager filed for bankruptcy earlier this month. When the Voyager deal came up during a panel discussion, Bankman-Fried laughed and

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Bitcoin Snaps Five-Day Losing Streak; Even Traders See More Hawkish Fed

●Bitcoin (BTC): $19,717 +1.2% ●Ether (ETH): $1,079 +3.2% ●S&P 500 daily close: 3,801.59 −0.5% ●Gold: $1,731 per troy ounce +0.5% ●Ten-year Treasury yield daily close: 2.90% −0.05 Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index

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