Precious metals prices are on the move again, with gold hitting a new peak of $ 2,564 during Tuesday’s trading sessions. As of now, gold is being traded at $ 2,527 per ounce, while silver has climbed more than 6% this week, currently standing at $ 29.68 per ounce. Market trends show …
On Wednesday, at approximately 4:11 p.m. EDT, bitcoin’s value against the U.S. dollar stood at $ 54,709 per unit, reflecting a 3.41% decrease over the preceding 24 hours. Concurrently, in South Korea, the price of bitcoin was $ 57,027 per coin, representing a 4.23% premium. According to data from cryptoquant.com, the South Korean …
Bitcoin miners experienced a challenging second quarter in 2024, marked by a 7% decline in hashrate following the halving event. Despite this, the industry saw significant efficiency improvements and notable market activity, according to a Coinmetrics report. Bitcoin Mining Faces Pressures and Efficiency Improvements in 2024 Second Quarter In the aftermath of Bitcoin’s halving in […]
As digital asset markets continue to navigate turbulence, the latest report from Coinshares outlines significant capital outflows, marking a stark shift in investor sentiment. Authored by lead analyst James Butterfill, the findings highlight a consecutive week of outflows totaling $ 584 million, suggesting a cautious outlook on the prospects of interest rate cuts this …
Last weekend witnessed a significant decline in Bitcoin prices that continued throughout the week, resulting in a $ 4,500 drop and erasing $ 167 million in BTC long positions within just an hour. Despite this turbulence, onchain analyst Willy Woo forecasts a potential rise in Bitcoin’s price to $ 650,000. Robert Kiyosaki, …