Unidentified hackers stole crypto worth $610m across three chains on Tuesday. According to CoinTelegraph, Poly Network, a cross-chain protocol, said the attacks removed assets from Binance Chain, Ethereum, and the Polygon network. Blockchain data from the respective networks showed that the hackers stole about $273m from ETH, $85m in USD […]
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Bitcoin gains $220.24bn in 30 days, trades above $40k
The market cap of Bitcoin gained $220.24bn in 30 days according to analysis of data on CoinMarketCap. On July 8, 2021, BTC opened trading at $33,889.61. It had a high of $33,907.91, a low of $32,133.18 and closed trading at $32,877.37. Its market cap was $616,492,852,697 and it closed with […]
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#TechMoney: ‘I pump but I don’t dump, Bitcoin’, Says Musk
Tesla founder Elon Musk said Wednesday he personally has invested in bitcoin and other cryptocurrencies but that he does not manipulate or “dump” the digital currencies. In a wide-ranging online panel discussion that included Twitter and Square founder Jack Dorsey, Musk said he believes in cryptocurrencies as a way to […]
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#TechMoney: Bitcoin may crash to $13K level
For the second time in a month, Bitcoin fell below $30k, with cryptocurrency market insiders and traders predicting new lows in its value. The latest fall, showing Bitcoin tumbling by at least 5% on the last 24 hours, comes after warnings that continuing global crackdowns on cryptocurrency mining operations and […]
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Bitcoin at lowest exchange supply in six months
The amount of bitcoin held on exchanges has been on a steady decline since mid-May, and at current level’s exchange supply is at its lowest since early January according to crypto analytics firm Santiment. Santiment said, “The six-month low is a promising sign, as it generally will indicate that there […]
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Bitcoin will plunge to $25,000, says JPMorgan
JPMorgan Chase’s analysts have said that bitcoin price will decline to the $25,000 level before longer momentum will signal capitulation. They expect the cryptocurrency market to soon begin the process of healing, but expect further sell-offs before capitulation. Bitcoin price stood at $36,343.15 at 3:43 pm on Tuesday, according to […]
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Bitcoin Bounces Strongly After Hitting Lowest Since Early March
Bitcoin rallied Monday as investors took advantage of the lowest levels in seven weeks to pile back into the cryptocurrency. The largest cryptocurrency is on track for its biggest gain since March 13 after dropping as low as $47,079 in early Asia trading before rebounding. It rose as much as […]
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Crypto market plunged by 2.20% with a market value currently pegged at $1.64 trillion
The fast-evolving crypto market is presently facing a significant amount of selling pressure amid reports coming from Amundi, Europe’s largest asset manager, due to the impact regulations could have on cryptos. At press time, the global crypto market plunged by 2.20% with a market value currently pegged at $1.64 trillion. The […]