Chinnapong/iStock Editorial via Getty Images Digital asset investment products recorded $441M of net inflows last week, bucking a three-week strong of net outflows, CoinShares said in a Monday report. Bitcoin (BTC-USD), which slid 6.1% for the week ended July 5, accounted for $398M, or 90%, of the total inflows. InvestorsContinue Reading
Fears that selling pressure from bankruptcy redemptions from the estate of Mt. Gox will drive down the price of both and seem founded, according to a note from Kaixo Research. In addition to the roughly $9.5 billion in BTC the former exchange will return to its customers, Mt. Gox willContinue Reading
Jefferies analysts lowered the firm’s price targets for both Marathon Digital (NASDAQ:) and Argo Blockchain Plc (ARBK) due to the ongoing impact of the Bitcoin halving. The investment firm’s note cites a “modest recovery” in June following the May slump, but highlights continuing challenges. Despite a slight increase in BitcoinContinue Reading
Investing.com– Bitcoin price fell on Monday amid persistent concerns over distributions by now defunct crypto exchange Mt Gox, which also battered sentiment towards broader cryptocurrency markets. Still, the world’s largest cryptocurrency found some support around the $55,000 level after sinking to over four-month lows earlier on Monday. fell 3.8% inContinue Reading
U.Today – Cryptocurrencies are currently trading in green with (BTC), (DOGE), and (ADA) seeing notable increases in value. This surge aligns with the latest U.S. jobs report, which indicated an unexpected rise in the unemployment rate, with non-farm payrolls increasing by 206,000 for the month. This figure surpassed the DowContinue Reading
U.Today – has lost its footing at around $55,000, which triggered one of the biggest liquidations in the history of the cryptocurrency market. Considering the dire state we are in, it is important to find and highlight the threshold that might act as grounds for a reversal in the foreseeableContinue Reading
U.Today – As the cryptocurrency market experiences volatility, Michael Saylor, Chairman of MicroStrategy, has made a stoic remark in response to ‘s recent price slump. In a tweet that has caught the attention of the crypto community, Saylor stated: “1 BTC to 1 BTC,” reiterating a fundamental belief in Bitcoin’sContinue Reading
New developments in the crypto space led to a price correction on Friday, sending the leading cryptocurrency to a four-month low. BTC fell as low as $53,500 on the day following news that the defunct crypto exchange Mt. Gox began making repayments to creditors. In addition, the crypto asset wasContinue Reading
Investing.com– Bitcoin price fell sharply to a four-month low on Friday, extending a recent price slump as growing signs of an impending distribution by defunct crypto exchange Mt Gox ramped up selling pressure on the token. German police were also seen moving about $75 million of crypto confiscated from aContinue Reading
skynesher/E+ via Getty Images Psyence Biomedical (NASDAQ:PBM) said Wednesday it received a letter from Nasdaq for not meeting the minimum bid price of $1.00 per share required for continued listing. Psyence Biomedical (PBM) has 180 calendar days, or until December 24, 2024 to regain compliance with the Minimum Bid Price Rule. Source: Press Release MoreContinue Reading
