UBS, a financial services company, predicts that 2024 will be fruitful for gold, forecasting a price increase of 10% over current market prices. According to UBS analysts, this price increase will be powered by a pivot in the current policy of the U.S. Federal Reserve, which is projected to start cutting interest rates as soon […]
Grayscale’s spot bitcoin exchange-traded fund (ETF), known as GBTC, has experienced increased outflows since its recent update. Present data reveals that a substantial 14,292.18 bitcoin, valued slightly above $ 556 million, exited the fund after Monday’s trading activities. GBTC Sees $ 556 Million Leave, Bitcoin Prices Slide Beneath $ 39K Recent figures …
As Texas grapples with unexpected subzero temperatures, the state’s bitcoin mining operations have shut down due to high energy demand. This has freed up much needed electricity capacity in the state, while also leading to a sharp drop in the global Bitcoin hashrate. Bitcoin Mining in Texas Faces Test as Subzero Weather Strikes The plummeting […]
Bitcoin has been holding steady above the $ 42K zone and over the past hour, the leading crypto asset has changed hands for $ 42,425 to $ 42,597 on Wednesday morning around 9:30 a.m. Eastern Time. The digital currency’s market valuation on Jan. 17, 2024, is around $ 835 billion with …
In the last week, the non-fungible token (NFT) market experienced unremarkable sales, totaling $ 311.31 million. This figure represents a slight uptick of just 0.05% from the previous week. Despite this, Bitcoin NFT sales have consistently outperformed other blockchain networks since November 2023. However, it’s noteworthy that NFT sales on the Bitcoin blockchain have …