Bitcoin prices fell sharply by over 6.2% to £76,529 ($95,405) from over £80,215 ($100,000) in the past day, joining the US stock market slump as resilient economic indicators drove Treasury yields high and fueled speculation that the US Federal Reserve could delay interest rate cuts. Other major tokens, such as Ether, Solana, and XRP, were … Read more
Bitcoin experienced a significant drop, hitting a four-month low of $55,366 on Friday. The cryptocurrency faced its worst weekly performance in a year due to uncertainties surrounding Joe Biden’s potential continuation as the Democrats’ US presidential candidate and concerns about potential increases in crypto supply. On Friday, Bitcoin prices fell by 5 per cent, reaching … Read more
Ethereum, the second most popular cryptocurrency network, is destroying a section of its own supply on purpose. It has reduced the issuance of its cryptocurrency, Ether, by 65% since August 2021. According to Watch the Burn, an Ether data dashboard, it is the equivalent of more than $5.8 billion burnt, destroyed and taken out of … Read more
Bitcoin remains at a big distance from its all-time high of $69,000 from November 2021. Bitcoin has jumped nearly 55 per cent so far this year and is near its highest level since June 2022 Amid expectations that the US Fed is likely to cut interest rates later this year to boost the banking sector, … Read more
