Crypto Market Time

2024-03-05 23:20:00 Crypto Liquidations Cross $550M as Bitcoin Remains Volatile Ahead of Historic Highs

Crypto-tracked futures amassed over $550 million in losses in the past 24 hours as bitcoin (BTC) jumped, then dumped, from the $68,000 level – sparking volatile price action that stunned bulls and bears alike. Bitcoin and ether (ETH) briefly inched above $68,500 and $3,700, respectively, as euphoria from multiple catalysts continued into its second week. But profit-taking began in early Asian hours, with bitcoin falling to as low as $64,500 before regaining the $67,000 level.

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2024-03-04 22:55:00 Bitcoin breaches all-time high against euro and pound

Bitcoin BTC has hit an all-time high against the euro and pound. On Monday, the market-leading cryptocurrency reached all-time highs of €60,447 and £51,736 on Coinbase. The foremost digital asset has increased by almost 6% in the past 24 hours, changing hands for $65,163 at 5:34 a.m. ET. The Dollar Index, a key indicator of U.S. currency strength against six major rivals, displayed an upward trend last week. It has cumulatively gained 2.7% throughout January and February of 2023.

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2024-03-04 13:25:00 Bitdeer develops 4nm bitcoin mining chip for upcoming rig

Singapore-headquartered bitcoin mining firm Bitdeer Technologies, founded by Jihan Wu, has “successfully tested” a self-designed bitcoin mining chip that will be used in its upcoming mining rig, the Sealminer A1, the company said. The Nasdaq-listed firm announced on X on Monday that its first crypto mining chip, the SEAL01 was designed with the 4-nanometer process technology from a semiconductor fabricator.

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2024-03-03 22:51:35 Bitcoin consolidating above $62k as bull market indicators start flashing

The crypto market has entered March with its foot firmly on the accelerator despite showing signs of a slight slowdown from its recent rapid ascent. Bitcoin (BTC) has continued to hover around the $62,000 mark, showcasing a resilient stance amid varying market sentiments after its remarkable rally past the $60,000 threshold to a high of $64,000 at the end of February. BTC was trading at $62,130 as of press time, with a market cap of $1.22 trillion, based on CryptoSlate data.

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2024-03-03 11:01:58 Peter Brandt on Bitcoin Bull Market: My Bet Is This Is a 'Starting' Candle

Veteran trader Peter Brandt, known for his technical analysis expertise, has reignited optimism in the bitcoin market with his bullish outlook. Following his recent headline-making adjustment of the bitcoin price target for “the current bull market cycle” from $120,000 to $200,000, Brandt has now shared another chart that indicates the start of a bitcoin bull market.

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2024-03-02 22:36:39 FTX issues warning on authorized bids and asset sales

As the bankrupt FTX exchange prepares to settle obligations to creditors affected by its 2022 collapse, it has cautioned the public about its sole authorized investment manager. In addition, FTX explained that if the FTX Debtors sell locked digital assets, the terms and conditions governing the schedule for unlocking the holdings would still stand. The bankrupt exchange has actively worked on restructuring and repaying its creditors in recent months.

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2024-03-01 20:16:48 El Salvador and pro-Bitcoin businesses reaping rewards after years of skepticism

El Salvador and several forward-thinking corporations, including Nexon and Tahini’s, are witnessing substantial returns on their Bitcoin investments, challenging the wave of skepticism they faced from the media and financial analysts. Despite enduring a barrage of negative press when they made their investments over the last few years, the Bitcoin stacks they built up are now positioned to reap significant profits as BTC approaches its all-time high price levels.

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2024-02-29 22:25:00 Crypto Miners Still Selling Their Bitcoin as Reward Halving Looms, Blockchain Data Show

The number of bitcoin (BTC) held by crypto miners has dropped to the lowest level since July 2021 as they run down their coin stashes ahead of the programmed halving of the revenue earned per block. Data tracked by Glassnode shows the estimated number of BTC held in wallets tied to miners fell by 8,426 BTC ($530 million) since the start of the year to 1,812,482 BTC.

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2024-02-29 13:06:11 Binance drops Nigerian naira from P2P platform amid forex manipulation concerns

Crypto exchange Binance has removed Nigeria’s fiat currency, Naira, from the national currencies it supports on its peer-to-peer platform, according to CryptoSlate sources. Meanwhile, the Financial Times reported that two Binance executives have been detained in the country, with their passports seized. The Binance employees had traveled to Nigeria to resolve the country’s ban on crypto exchange websites.

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2024-02-28 23:35:56 Telegram ad platform to launch via TON blockchain

Starting in March, Telegram channel owners in over 100 countries can start receiving financial rewards for their work after the ad platform opens for all advertisers. Channel owners will start receiving 50% of the total advertising revenue generated by Telegram from displaying ads in their channels, according to an announcement on Feb. 28 by Pavel Durov, the founder and CEO of Telegram.

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