Fri, March 29, 2024

Crypto market

crypto market, Australia benefited from Bitcoin

Crypto market avoided rally despite investors’ expectations

Investors expected the crypto market to rally again. However, the great surge hasn’t materialized thus far. Bitcoin climbed up by only 0.87% to $51,807.0 on Friday. After a mixed start of the day, the crypto tumbled down to an early morning low of $51,300.0 before surging forward to a high of $52,115.0. It also left …

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crypto market

Cryptos edge towards bearish territory – market wrap

The crypto market is often volatile. However, it rallied most of the time in recent weeks. Bitcoin reached historical highs, surpassing $60,000 at one time. However, the crypto traded $54,203.0 on Wednesday. It fluctuated during the session, soaring to an early morning high $54,668.0 before tumbling to a low $54,118.0. Overall, it declined by 0.25%. …

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bitcoin

Bitcoin dropped below $55,000. What about other cryptos?

Bitcoin tumbled down by 0.25% to $54,203.0 on Wednesday. After a mixed start of the day, the crypto surged to an early morning high of $54,668.0 before dropping to a low of $54,118.0. It also left the major support and resistance levels untested thus far. Other cryptos fluctuated during the day as well. However, Bitcoin’s …

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bitcoin

What do Wall Street banks think about Bitcoin’s rally?

Bitcoin has reached record highs in recent weeks. After several major tech companies expressed interest in investing in cryptos and even accepting them as a payment method, the Bitcoin price surged amazingly high, surpassing $60,000 at one point.   The digital coin jumped by 300 percent last year. It also skyrocketed above $50,000 in the …

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Joe Biden plans to tame the crypto. Will he succeed?

Crypto assets, such as Bitcoin, Ethereum, and Ripple, are very volatile. Over the past few years, they hit both dizzying highs and extreme lows. However, Bitcoin is now trading around $60,000. It soared by approximately 1,000% in the last twelve months, and the cryptocurrency overall gained more than 11,000% in the previous five years. So, …

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Why is the Future of Credit on Blockchain?

Why is the Future of Credit on Blockchain?

Forecasts show that blockchain will revolutionize various processes. Its features and innovative functionality are gradually changing pre-existing systems — and credit scores aren’t any different. According to FICO’s ratings, the average American’s credit score is 703, which is ‘good.’ Credit score calculations rely on several variables concerning your credit history. They include a number of open …

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NFTs enable collectors to buy digital art using blockchain

NFTs enable collectors to buy digital art using blockchain

NFTs are non-fungible tokens, which caused much bustle on the market over the last month. While people use other digital coins for different purposes, NFTs only give holders ownership over digital artwork or collectibles. However, some experts think that with these tokens, customers will soon be able to buy nondigital art pieces artwork as well. …

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Dogecoin

Coinflip ATMs will support Dogecoin in 45 U.S. states

Famous meme crypto Dogecoin got a huge upgrade recently. Tesla Inc CEO Elon Musk popularized it as a joke. However, it seems the crypto isn’t a joking matter anymore. Users can now access it through 1,800 ATMs across the United States.   On Monday, leading Bitcoin ATM provider, Coinflip announced its decision to support Dogecoin. …

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PDAX and Bitcoin's price

PDAX asks customers to return Bitcoins bought for $6000

The Philippine Digital Asset Exchange, also known as PDAX, suffered a technical failure recently. As a result, customers were able to buy Bitcoin at $6,000, by an 88% discount to its current price, for a time.   PDAX is the largest crypto exchange in Southeast Asia. After the incident, it asked its customers to return …

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Bitcoin, ethereum, cryptocurrency

Bitcoin fluctuates. Will it remain below $51,000?

Bitcoin price continues fluctuating between $48,000 and $51,000. Thus far, the crypto hasn’t managed to break out of the $51,600 resistance level. According to technical analysts, if Bitcoin won’t surpass the $51,600 resistance area in the near term, the probability of a correction will increase. So, $51,600 is essentially the key level to watch. Josh …

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How can the Future of Bitcoin develop?

Is Bitcoin overpriced? – Elon Musk’s tweet pushed it in red

Bitcoin (BTC) rallied over the past weeks, hitting record highs. The crypto surpassed $50,000 for the first time since its release. However, on Monday, its price plummeted down by 10%, ending at $51,993. Bitcoin briefly plunged below the $50,000 level during the session, dropping as low as $47,700. However, it managed to rebound soon.   …

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Tesla’s plans to modernize its lineup

Tesla’s bitcoin investment is competing car sales

According to Wedbush’s calculations, Tesla has made roughly $1 billion over the last month. Dan Ives, an analyst of Wedbush, believes that Tesla is on a trajectory to make more from its Bitcoin investments than profits from selling cars. Tesla Inc. TSLA caused a sensation earlier this month. It became the most well-known significant corporation …

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