crypto economy

Massive Bitcoin Market Turbulence Triggers $4,500 Crash; $167M in BTC Longs Erased in 1 Hour

April 13, 2024 Bitcoin.com

Bitcoin

The price of bitcoin continued to decline over the weekend, dropping an additional 7.7% in the last 24 hours. It plummeted to a daily low of $61,384 per coin, prompting a significant wave of leveraged liquidations on Saturday. Bitcoin Value Declines Amid Market Instability; Extensive Liquidations Reported By 4:00 p.m. Eastern Time on Saturday, bitcoin’s […]

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House passes resolution overturning SEC rule on crypto and digital asset custody

Leveraged Crypto Traders Hit Hard: $872M Liquidated in a Single Day Amid Bitcoin Price Drop

April 12, 2024 Bitcoin.com

Bitcoin

On April 12, bitcoin briefly reached above the $71,000 threshold, but its value plunged by more than $3,000 after a substantial sell-off at 2:00 p.m. Eastern Time. The price of bitcoin in USD tumbled to an intraday low of $65,230. Over the past 24 hours, leveraged crypto positions totaling $871.88 million were eradicated. Liquidations Near […]

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House passes resolution overturning SEC rule on crypto and digital asset custody

Crypto Economy Rebounds With 2.13% Gain; Newcomers W, CORE, and ENA Face Downturns

April 4, 2024 Bitcoin.com

Bitcoin

The cryptocurrency market experienced a positive uptick on Thursday, reclaiming its position at $2.55 trillion, marking a 2.13% gain against the U.S. dollar. Despite a decrease in trading activity, with volumes at $90.78 billion over the past day, bitcoin rose by 2.3%, surpassing the $68,000 threshold, while ether saw a 0.9% rise throughout the day. […]

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House passes resolution overturning SEC rule on crypto and digital asset custody

Tether’s Market Cap Inches Towards All-Time High as Competitors Struggle With Redemptions 

May 13, 2023 Bitcoin.com

ATH

Despite several U.S. dollar-pegged digital tokens experiencing notable redemptions in recent months, the largest stablecoin by market valuation, tether, is on the verge of achieving its highest-ever market capitalization. With a current value of $82.84 billion, tether is a mere $433 million shy of reaching its all-time high (ATH) set on May 8, 2022. Stablecoin […]

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House passes resolution overturning SEC rule on crypto and digital asset custody

Tether Stablecoin Sees 22% Growth in 2023 Despite Dollar-Pegged Token Economy’s Contraction

April 17, 2023 Bitcoin.com

Altcoins

Since January 2023, the number of tether stablecoins in circulation has grown from 66 billion to the current 80.9 billion, representing growth of more than 22% this year. Tether’s growth is approaching the high of $83 billion in stablecoins in circulation that the project saw almost a year ago, in May 2022. Tether Supply Is […]

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House passes resolution overturning SEC rule on crypto and digital asset custody

Ethereum’s Shapella Upgrade Unlocks Staked Ether, Over 860K ETH Poised for Withdrawal, Price Surges 6%

April 13, 2023 Bitcoin.com

APR

On Wednesday, April 12, 2023, at 6:30 p.m. Eastern Time, Ethereum’s Shapella upgrade was successfully implemented, enabling validators to withdraw staked ether. Data reveals that more than 860,000 ether is poised for unlocking, and 77,000 ether is expected to be withdrawn on Thursday. Ether’s price has experienced a surge, rising 6% against the U.S. dollar […]

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House passes resolution overturning SEC rule on crypto and digital asset custody

Bitcoin Miner Bitdeer Technologies to List on Nasdaq via SPAC Deal

April 13, 2023 Bitcoin.com

Antpool

According to a recent filing with the U.S. Securities and Exchange Commission (SEC), Bitdeer Technologies Holdings, a digital mining firm founded by crypto-billionaire Jihan Wu in 2018, plans to be listed on Nasdaq this Friday. The bitcoin mining firm is scheduled to go public through a special purpose acquisition company (SPAC) deal with Blue Safari […]

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House passes resolution overturning SEC rule on crypto and digital asset custody

Ethereum’s Shapella Upgrade to Enable Staking Withdrawals Set to Go Live on April 12

April 12, 2023 Bitcoin.com

32 ETH

The Ethereum blockchain is set to undergo its next major update since the network switched from proof-of-work to proof-of-stake through The Merge. The upcoming upgrade, dubbed “Shapella,” which combines the Shanghai and Capella validator changes, is expected to take place on April 12, 2023. While most users will not be affected by the change, the […]

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House passes resolution overturning SEC rule on crypto and digital asset custody

March Bitcoin Mining Stats Show Climbing Revenue and Hashrate Highs

April 1, 2023 Bitcoin.com

Antpool

According to statistics, 4,498 blocks have been mined in the last 30 days, creating 28,112 new bitcoins over the past month. Bitcoin’s network hashrate has been around 341 exahash per second (EH/s) during the last 2,016 blocks or the last two weeks. This month, the mining pools Foundry USA and Antpool dominated the pack, accounting […]

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House passes resolution overturning SEC rule on crypto and digital asset custody

Stablecoin Supply Plummets After Depegging Event: $7.4B Dollar-Pegged Tokens Withdrawn From Circulation

March 17, 2023 Bitcoin.com

24-hour settled trades

During the past 11 days, over 7 billion USDC stablecoins have been withdrawn from circulation, with most of the redemptions occurring following the depegging event of USDC on March 11, 2023. Furthermore, since March 6, a total of 439.48 million BUSD stablecoins have been redeemed. Stablecoin Depegging Event Triggers Billions in Redemptions The stablecoin landscape […]

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House passes resolution overturning SEC rule on crypto and digital asset custody