I’ll start by making a statement that is probably already known to many, especially bitcoiners: money is a form of energy. We expend energy to do work. Then, an agreed-upon form of remuneration that is commensurate with the amount of work put in is earned. The energy spent on that …
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TL;DR Bitcoin (BTC): Surpassed $44,000, contributing to a global crypto market cap of over $1.65 trillion, with signs of continued bullishness. Solana (SOL): Experienced price volatility, currently hovering around $64, with potential for an upcoming rally based on positive on-chain metrics. Ripple (XRP): Trading around $0.64, up 88% since January, …
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TL;DR Bitcoin’s Fluctuations: Bitcoin (BTC) experienced volatility, oscillating between $35,000 and $38,000, influenced by US SEC actions on crypto ETFs. Despite a recent drop, BTC has surged over 120% since the year’s start. Ripple and XRP Updates: Ripple is progressing in its SEC lawsuit, with significant partial court victories. XRP …
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In the wake of notable collapses, fraud and skepticism — including the notorious FTX fall and subsequent trial of its leader, Sam Bankman-Fried — the cryptocurrency industry found itself under unprecedented scrutiny. Navigating through the aftermath of these crises, the crypto world has undergone substantial reflection and reshaping. Despite the …
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The past seven days were relatively eventful within the cryptocurrency market, especially compared to the previous periods. Almost all of the coins are trading in the green, while the total market capitalization sits at around $1.120 trillion. Bitcoin’s price is currently trading at around 1.1% more compared to where it …
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[PRESS RELEASE – Manchester, United Kingdom, September 28th, 2023] A new stablecoin pegged to the US Dollar, RIF US Dollar (USDRIF) has been launched on Rootstock, the blockchain network that brings smart contract functionality to Bitcoin. USDRIF has been designed to tackle real problems faced by people in countries across …
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Ether’s price has been dealing with some strong headwinds, and on Sept. 11, the price of the altcoin endured a critical test when it plunged to the $1,530 support level. In the days that followed, Ether (ETH) managed to stage an impressive recovery by surging 6%. This resurgence may signal a pivotal …
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The cryptocurrency market has been just as calm as the cover photo for this newsletter. To be fair, Bitcoin’s price managed to gain 1.5% in the past seven days, which, for periods like this, is probably considered massive. Jokes aside, the market failed to chart any major differences, and a …
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Bitcoin (BTC) tried to break out of its range last week, but the bulls could not sustain the higher levels. Bitcoin is back inside the range and is trading near the $26,000 level. The price action of the past few days has formed two successive Doji candlestick patterns on the …
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As Evergrande Group, China’s heavily indebted property developer, files for bankruptcy in the United States, many are concerned about how this will impact the global economy and cryptocurrencies. The situation represents one of the largest debt faultings in the world and will have sizable ramifications. However, it shouldn’t come as …
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In the past few months, Bitcoin traders had grown used to less volatility, but historically, it’s not uncommon for the cryptocurrency to see price swings of 10% in just two or three days. The recent 11.4% correction from $29,340 to $25,980 between Aug. 15 and Aug. 18 took many by …
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The article below is an excerpt from a recent edition of Bitcoin Magazine PRO, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. Bitcoin volatility returns with an exchange rate crash. Aug. 17, …
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