Buyers in Asian markets were reluctant to continue purchasing gold as it reached a new record high last week, opting to cash out and wait for deeper discounts. In India, sellers were offering discounts on gold bullion of over $ 65 per ounce, with local dealers preparing for regulatory changes, while in China, discounted …
The German government has been selling seized bitcoin but still holds more than 40K BTC, worth over $ 2.3 billion, according to onchain data from blockchain intelligence firm Arkham. These sales are occurring alongside the anticipated Mt. Gox bitcoin distributions. In response to Germany’s BTC liquidation, Tron founder Justin Sun has offered to purchase …
A combination of speculators continuously opening new long positions and miners dumping נitcoin to pay for hardware upgrades caused the top cryptocurrency to plunge to $ 58,000, according to an onchain analyst. The analyst expects the top crypto asset to rebound once the ongoing “culling of weak miners” is complete. Speculators Contribute to Bitcoin’s …
Curve DAO’s (CRV) price increased over 10% early Wednesday, hitting $ 0.35 and marking a 41% increase from its low since a recent liquidation crisis involving its founder. On-chain data revealed significant accumulation of CRV by whales this week, with reports indicating a particular increase in purchasing during the post-liquidation price dip. This resurgence …
Bitcoin’s price on May 29, 2024, reflects a period of consolidation following recent volatility. The current price stands at $ 67,739 with an intraday range of $ 67,201 to $ 68,880. Technical indicators and moving averages provide a mixed outlook, indicating both potential stability and the possibility of future movements. Bitcoin Bitcoin’s …