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Cryptocurrency markets have started to recuperate from last week’s losses as bitcoin, ethereum, and a slew of digital assets have seen slight gains. However, the cryptocurrency avalanche has seen its value skyrocket this past week 46.9% higher over the last seven days. Avalanche has also crept into the top ten
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Good morning, Here’s what’s happening this morning:Market moves: Bitcoin soared past $69K before dropping below $65K.Technician’s take: Intraday charts are showing initial signs of upside exhaustion.Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis.PricesBitcoin (BTC): $64,626Ether (ETH): $4,613Market movesBitcoin faced a pullback below
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Whenever there is relevant growth in the number of derivatives contracts currently in play (open interest), it usually means that more traders are involved. In futures markets, longs and shorts are balanced at all times, but having a larger number of active contracts allows the participation of institutional investors that
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The Free TON project, a community-led software fork of Telegram’s ultimately ill-fated attempt at launching a blockchain, announced on Tuesday the launch of the project’s effective mainnet.The network had originally launched in May 2020, building on Telegram’s code base but otherwise showing no association with the communications company and related
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BTC recent reversal dragged most altcoins and the second most popular crypto Ethereum fell on Sunday as well.Bitcoin (BTC) price has surpassed expectancy over the last days. The price started to recover on Monday with a considerable rally setting a new all-time high at the end of the week —
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Why this matters to the crypto world: 1. Because the price of bitcoin and equities have been strongly correlated in recent months. Because the stimulus package would be a boost for stock markets, it should also be good for the price of cryptocurrencies. 2. Crypto investors have been betting all
Read MoreOn September 2, the revenue of Ethereum (ETH) miners reached an all-time high of 51,541 ETH. While this may be good for the miners, it could turn popular DeFi projects into a mousetrap. Ethereum miner revenue, percent from fees and total gas used. Source: Glassnode.When denominated in USD, these
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Within the last hour Bitcoin (BTC) price pushed through the $11,000 level in a high volume surge which saw the price reach a new 2020 high at $11,394. At the time of publishing the price has pulled back slightly to the $10,800 range.The price of Bitcoin (BTC) managed to rally
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Bitcoin and the stock market have formed a close correlation in recent weeks, but this is now showing some signs of breaking as BTC trades sideways while most equities begin picking up some momentum.The stock market has been seeing an intense recovery, and its momentum appears to be picking up
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