Bitcoin briefly tested $49,000 before bouncing back to $51,000 amid a $270 billion cryptocurrency market selloff. Fears of a U.S. recession and rising interest rates in Japan have sparked market turmoil. The FBI has warned that cryptocurrency scams are on the rise as market volatility increases. According to CoinGecko data, the cryptocurrency market saw a significant decline today, with a loss of about $270 billion in value over the past 24 hours. Bitcoin, which led the decline, plunged nearly 20% to $49,121, its lowest level since February at $53,091. Ether also lost a massive 21%, falling to $2,300, wiping out…
Author: Crypto Flexs
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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…
In the rapidly evolving cryptocurrency industry, crypto investors can gain significant advantages by finding the next potential gem. Due to the constant fluctuations in the market, penny cryptocurrencies are gaining popularity and could reach $1 by 2024. Considering that many of them are worth less than $1, choosing the best cryptocurrency is definitely not an easy task.We will look at five cryptocurrencies, their notable features, and why they are the cryptocurrencies to watch in 2024.Top 5 Cryptocurrencies Ready to Sell for $1 in 2024Artemis (ARTMS)Current Price: 0,00110 Pre-sale Start Price: 0,00055Market Cap: Pre-sale Cryptocurrency with 45x Potential by LaunchArtemis (ARTMS)…
Opeyemi is a talented writer and enthusiast in the exciting and unique cryptocurrency space. The digital asset industry was not his first choice, but he has been absolutely drawn to it since diving into it over two years ago. Now, Opeyemi prides himself on creating unique pieces that demystify the intricacies of blockchain technology and share insights into the latest trends in the crypto world. Opeyemi is fascinated by the cryptocurrency markets, which explains why he spends most of his days looking at various price charts. “Looking for” is a rather simple way of describing analyzing and interpreting various price…
Alvin Lang Aug 5, 2024 03:39 Binance Pool has launched KASPA (KAS) mining service with no pool fees during the promotional period from August 5, 2024 to November 5, 2024. Binance Pool has officially launched KASPA Network (KAS) mining services, allowing miners to enjoy zero pool fees for a limited promotional period. The announcement, made on August 5, 2024, highlights Binance’s ongoing efforts to expand its mining services. According to Binance, the 0% Full Fee Promotion period will be from August 5, 2024 to November 5, 2024. During this period, miners can take advantage…
A prominent crypto strategist believes altcoins will suffer a market crash compared to Bitcoin (BTC). Analyst Benjamin Cowen told his 839,200 followers on social media platform X that altcoin holders will soon suffer as he believes the cryptocurrency market is closely following the 2019 cycle. In April of this year, Cowen looked at the total market cap of altcoins (TOTAL3) against Bitcoin and said that the chart followed the 2019 cycle. Source: Benjamin Cowen/X At the time, Cowen predicted that if the ALT/BTC pair crashed, Bitcoin would experience a larger correction, which would create a scenario where altcoins would capitulate…
Dense_Spite3160 was one of the first to adopt Bitcoin, mining the cryptocurrency on a basic laptop. At the time, he kept some of his Bitcoin on exchanges, and when the company collapsed, he had only a small balance. A disgruntled investor is preparing to take legal action against Mt. Gox, the once dominant cryptocurrency exchange that collapsed in 2014 after cybercriminals stole about 850,000 bitcoins (BTC) from the platform. The investor, who goes by the pseudonym Dense_Spite3160 on Reddit, recently shared his experience in a post that quickly gained attention. He claimed that Mt. Gox denied him a legitimate claim…