Bitcoin BTC -4.74% A price correction was seen earlier in the week, with the digital asset falling below $42,000 on Monday.According to ETC Group analysis, this price adjustment is linked to an increase in the circulation of Bitcoin, which is currently profitable.“The cryptocurrency asset has been on a downward trend recently as Bitcoin investors are taking more and more profits,” André Dragosch, head of research at ETC Group, told The Block.According to Dragosch, the overall market is in a strong profit environment, which means some investors tend to profit from their positions. According to ETC Group analysis, 88.3% of Bitcoin…
Author: Crypto Flexs
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The cryptocurrency market faced a sudden collapse on December 11 when the price of Bitcoin plummeted 6.5% in 20 minutes. Bitcoin has rebounded for most of 2023, rising more than 150% since January 1. However, from around $43,300 early Sunday morning, it suddenly fell below the $41,000 level. key point The price of Bitcoin suddenly fell 6.5% in 20 minutes on December 11, falling from $43,357 to below $41,000. The drop wiped out nearly a week’s worth of Bitcoin gains and liquidated more than $270 million in long BTC positions. Ether and other major cryptocurrencies such as BNB, XRP, and…
The metaverse game market is expected to surge from $14.2 billion in 2023 to $168.421 billion in 2030. This technological revolution, based on AR, VR, and blockchain, is reshaping the gaming experience. The expected growth creates economic opportunities as virtual assets, currencies, and services gain real value. The metaverse gaming market represents a virtual space where players engage in real-time interaction, bridging the gap between the physical and digital realms. Driven by technological advancements such as augmented reality and blockchain, the gaming metaverse has already transformed the landscape of interactive digital experiences. According to CoinJournal.netThe global metaverse gaming market is…
join us telegram A channel to stay up to date on breaking news coverage Avalanche price has traded up 16% in the last 24 hours. $35.46 12:30 AM EST. This happens because whales accumulate more AVAX in anticipation of the pump, as seen in the on-chain statistics provided by @berly_eth. Small update: The Avax Foundation’s alternative wallet has been fully acquired. $BEAR 3100 tokens $AVAX ($115,000) fell for 2 days. The last purchase was 4 hours and 30 minutes ago, and they added $92,000 worth of tokens to Bear LP.The remainder of the tokens were transferred to another wallet. AVAX…
Cryptocurrency exchange Bitget has unveiled a multi-million dollar deal with Morph, a layer 2 consumer blockchain network. According to a press release shared with crypto.news, Morph plans to implement Bitget’s native affiliate system to expand its follower base to over 50 million users. The exact financial terms of the deal were not disclosed, but Morph co-founder Cecilia Hsueh said the company plans to use the proceeds “to address an aggressive roadmap and product development schedule to reform the Layer 2 environment.” “Morph has an outstanding team with experience, a vibrant cross-cultural approach, and industry-leading strategic capabilities to drive mass adoption.”…
Prominent asset management firm VanEck has taken a major step forward by filing its fifth amendment filing for a spot Bitcoin exchange-traded fund (ETF). This move, dated December 8, 2023, opens a new chapter in the evolution of cryptocurrency investment. The proposed VanEck ETF will be listed under the ticker symbol “HODL.” This term, commonly used in the Bitcoin community, is short for “Hold on for dear life” and refers to a strategy in which investors buy and hold Bitcoin without selling it. This approach is consistent with a popular philosophy among Bitcoin enthusiasts to ride out market volatility and…
Tech giant Google has revised its policy on cryptocurrency-related advertising to allow ads about cryptocurrency trusts from late January, when the Bitcoin exchange-traded fund (ETF) is expected to be approved. Us. The amendments focus on coin trusts for cryptocurrencies, financial instruments that allow investors to trade in trusts that hold significant pools of cryptocurrencies. Simply put, these trusts provide investors with assets in cryptocurrencies without actually holding the cryptocurrencies. Google’s Cryptocurrency Advertising Guidelines: Global Impact The updated guidance applies to all accounts promoting cryptocurrency coin trusts outside the United States and globally. The goal of these amendments, effective January 29,…
Due to its large developer community, widespread adoption, and essential role in decentralized finance (defi) and other blockchain applications, Ethereum continues to occupy a unique position in the market. The global cryptocurrency market is experiencing bullish momentum thanks to Bitcoin (BTC) recently surpassing $44,000, which has had a positive impact on the price of Ethereum (ETH). As a result, many early investors may try to sell their Ethereum holdings for a profit. A large whale began to unload its stock. Ethereum Whale: Changes in Appetite The whale, which currently holds 10,000 ETH worth a total of $23 million, has started…
This week we see the Federal Reserve’s decision on interest rates and inflation statements for November. Both of these are expected to trigger market volatility. As the year comes to a close, Bloomberg predicts that several key events of the week will lead to increased volatility in the stock market. The first is the Federal Reserve’s decision on interest rates. After the record rate hike in March 2022, market observers have become increasingly anxious regarding the Federal Reserve’s announcements. How these events move markets Last time the Fed announced that interest rates would remain the same, most analysts expect this…
Elon Musk’s artificial intelligence modeler xAI has entered into a private sale agreement worth $865.3 million in unregistered equity securities, according to an SEC filing.Regulatory Submission Details Private Sale TermsA filing with the U.S. Securities and Exchange Commission (SEC) states that xAI intends to engage in a private sale of securities without registration utilizing Form D to comply with the exemption provided by Regulation D of the Securities Act of 1933. Elon Musk is listed as an executive and director of xAI.Accredited Investor and Resale RestrictionsForm D states that the securities will be sold to accredited investors subject to resale…