Monday, May 27, 2024
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SHIB holds steady above $0.000008, burn rate spikes 913% in 24 hours

Shiba Inu (SHIB) has held firm above the $0.000008 psychological threshold amid sustained consolidation, with the protocol’s burn rate recently witnessing a massive 913% spike in 24 hours. SHIB’s current position demonstrates the dull but steady trend within the broader crypto market. Notably, the market has remained in an elaborate consolidation

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Magnificent Seven Stocks Lose $280 Billion as Crypto Market Spikes

The crypto market’s largest assets have noted significant increases even as giant Magnificent Seven tech stocks plunged yestereday. Stocks of tech companies called the “Magnificent Seven” fell significantly after several companies published earnings reports that provoked concerns about a recession in the tech space. On Wednesday, October 25, the Magnificent Seven

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Bitcoin Price Briefly Spikes towards $30K Following False Alarm on Spot ETF Approval Leading to High Liquidations

While experts forecast the US SEC will approve a spot Bitcoin ETF within the next six months, the BlackRock’s officials confirmed that it has not received a green light on its application. Bitcoin (BTC) price experienced heightened volatility on Monday, which briefly pushed the mothercoin towards $30k. However, Bitcoin price had

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BTC Gives up Gains as 10-Year Yield Spikes; Ether Futures ETFs Fizzle on Lukewarm Investor Interest

The crypto market, especially bitcoin, has seen a sizable rally recently, influenced by factors like the SEC's ether futures ETFs approvals and other government decisions, QCP Capital wrote in a recent note, highlighting that bitcoin has gained 15% in the last two weeks. However, QCP has concerns regarding the rally's

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