Tier 1 • August 5, 2024 10:18 AM EDT Posted 1 minute earlier In ~ Updated: August 5, 2024, 10:56 AM EDT Bitcoin dominance is a term used to describe the total market share that Bitcoin maintains compared to other cryptocurrencies, which has hit an all-time high amid a downturn in digital assets and global stock markets. Bitcoin’s total market capitalization currently accounts for about 60% of the entire cryptocurrency industry’s capitalization. Data pages of a block. That’s up from Bitcoin’s dominance of about 51% on Friday.Bitcoin was trading around $51,000 at the time of publication, after briefly falling below…
Author: Crypto Flexs
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The January low that triggered the rally to $4,000 was tested again in the early hours of July 5. It’s still too early to say whether Ethereum has bottomed, but investors can wait until next week for more clarity. Ethereum (ETH) has crashed to its lowest level since January in the past few hours, falling below 2.9k and then falling 27.5% over the next 12 hours. At the time of writing, ETH has bounced from a low of $2,100 to $2,366, up 12.17%. Smart investors who bought close to $20 million when prices were $2,900 to $3,100 were wrong this…
Iris Coleman 05 Aug 2024 13:56 Revolving Games partners with Animoca Brands to build a scalable Web3 gaming ecosystem leveraging decentralized infrastructure and the RCADE token. Revolving Games (RG), a pioneering publisher of decentralized games and digital ownership, has announced a strategic partnership with Animoca Brands. According to Animoca Brands, the partnership aims to create a scalable, gamer-controlled economy leveraging Web3 technologies. Innovative Web3 gaming ecosystem Through this collaboration, Revolving Games will build a decentralized infrastructure that includes the RCADE Chain, Node Network, and $RCADE tokens. The framework aims to support a diverse gaming…
Cryptocurrency stocks are down sharply in premarket trading ahead of the U.S. market open, after a weekend of slumps and worries about a U.S. recession and heightened geopolitical tensions weighed on prices until Monday morning.Last week’s price decline in the cryptocurrency markets intensified over the weekend and then plunged on Monday morning. Bitcoin at one point plunged below $50,000, while Ether lost all of its gains for the year as the price fell below $2,200. According to TradingView, shares of cryptocurrency exchange Coinbase are currently trading at $167 in premarket trading, down 18.5% from Friday’s close, potentially erasing all gains…
According to QCP Group, one of Singapore’s first digital asset trading groups, the current cryptocurrency market crash is directly related to the sell-off at Jump Trading.According to Cointelegraph data, the price of Ether (ETH) fell more than 21% in the 24 hours to 11:20 a.m. UTC, trading at $2,252.According to an August 5 report from QCP Group, the plunge to a five-month low was primarily due to Ether sell-offs by Jump Trading and Paradigm VC.”The immediate trigger for crypto appears to have been the aggressive ETH sell-off by Jump Trading and Paradigm VC. This move was probably exacerbated by market…
Peter Zhang Aug 5, 2024 11:52 Binance has announced a limited-time zero maker fee promotion for VIP 6-8 users on USDⓢ margin futures trading from August 7, 2024 to October 16, 2024. Major cryptocurrency exchange Binance has announced a limited-time promotion that provides 0 maker fees for all USDⓢ margined perpetual and delivery contracts for VIP 6 to VIP 8 users. According to an official announcement from Binance, the promotion period will run from August 7, 2024 10:30 UTC to October 16, 2024 10:30 UTC. Promotion Details This zero maker fee initiative aims to…
One trader turned $5,000 into millions with dogwifhat (WIF). The trader accumulated millions of dollars in WIF in November last year. The trader would have made $69 million if he had sold WIF when it was at an all-time high four months ago. Millions of dogwifhat (WIF) tokens were sold from multiple cryptocurrency wallet addresses suspected to belong to a single individual, generating a 4,497x profit on Mimecoin. This development comes amid a broader market downturn that has seen WIF plunge more than 35% in the past week and more than 12% in the past 24 hours. At the time…
Bitcoin’s price plunged below $50,000 on Monday, hitting a six-month low amid a global market selloff.Destruction: #bitcoin Fall below 50 thousand dollars pic.twitter.com/11og9GoSyi— Bitcoin Magazine (@BitcoinMagazine) August 5, 2024 Bitcoin fell 20% to around $49,000 before rebounding slightly to trade above $50,000 again. The sharp decline coincided with a global stock market crash on recession fears.Japan’s Nikkei plunged more than 8%, its worst two-day drop since 1987. Asian and European markets are experiencing their worst losses on record. In the U.S., the tech-heavy Nasdaq is in correction territory after falling more than 20% from its peak. The S&P 500 is…
Wang Long Chai Aug 5, 2024 09:57 The Hong Kong Monetary Authority (HKMA) will hold a tender for the 1-year HONIA Index Floating Rate Bonds on 14 August 2024 under the Agency Bond Issuance Programme. The Hong Kong Monetary Authority (HKMA), representing the Hong Kong Special Administrative Region Government (HKSAR Government), has announced a tender for the 1-year HONIA Index Floating Rate Bonds (Bonds) under the Agency Bond Issuance Programme. According to the Hong Kong Monetary Authority, the tender is scheduled for Wednesday, 14 August 2024, with settlement scheduled for Thursday, 15 August 2024.…
Bitcoin (BTC) had a shocking start to the first week of August as stock markets around the world saw record declines.The BTC price drop took everyone by surprise as BTC/USD fell to its lowest level since February.Bitcoin has fallen to nearly $18,000 in a matter of days, joining a worrying sell-off across risk assets globally amid talk of a recession in the United States.The speed of reversals in cryptocurrency market sentiment is dazzling. Just a week ago, Bitcoin was trading near $70,000, and according to analysis, a new all-time high is expected to follow.The BTC price, which is currently down…