Crypto Market Witnesses Liquidations Amid Ongoing Slump
The broader crypto market experiences liquidations exceeding $133 million as Bitcoin and Ethereum prices plummet. Should investors be concerned?
The broader crypto market experiences liquidations exceeding $133 million as Bitcoin and Ethereum prices plummet. Should investors be concerned?
Tesla’s CEO Elon Musk surprised in early 2021 with a $1.5 billion investment in Bitcoin. However, the latest earnings report shows that Tesla did not transact in Bitcoin during the second quarter of 2022.
The global cryptocurrency market capitalization rose marginally by 0.05% to $1.21 trillion, with Bitcoin and Ethereum trading in the red while Dogecoin saw gains. Stellar, XDC Network, and Hedera were among the top gainers in the past 24 hours.
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Major cryptocurrencies experienced a decline after the release of positive U.S. economic data.
A recent survey indicates that 47% of investors believe Ethereum (ETH/USD) will surpass Bitcoin (BTC/USD) in value.
Block, the tech firm led by Twitter co-founder Jack Dorsey, is developing Bitkey, a hardware-based self-custody wallet for Bitcoin.
Florida Governor and potential GOP presidential candidate Ron DeSantis opposes the implementation of a central bank digital currency (CBDC), warning that it poses a significant risk to American liberty.
A cryptocurrency analyst has issued a cautionary prediction, stating that Bitcoin could face a significant decline of up to 30% if it fails to hold the key $30,000 level.
BlackRock CEO Larry Fink expresses optimism about the increasing interest in cryptocurrencies, such as Bitcoin, among gold investors.