Think.Analyse
Bitcoin (BTC) saw a significant drop on Wednesday, July 3, falling by 3.04% to close at $60,216. This decline followed a 1.25% loss on Tuesday, July 2, and was largely driven by market jitters surrounding the impending Mt. Gox repayment to its creditors, a factor that continues to impact the broader cryptocurrency market. The Mt….
The report revealed that nonfarm payrolls increased by 175,000 jobs in the U.S., slightly below the market forecast of 240,000 and down from the previous month’s figure of 303,000. While this moderate growth signals ongoing recovery, it fell short of more optimistic projections. Concurrently, the unemployment rate ticked up slightly to 3.9%, contrary to expectations…
The upcoming Bitcoin halving, scheduled for April 20, 2024, will see block rewards for miners cut in half, from 6.25 BTC to 3.125 BTC. This has traditionally meant a drop in profitability for miners, forcing some smaller firms out of business. However, industry experts believe things might be different this time around. Also Read: Bitcoin…
Tether, the company behind the world’s leading stablecoin USDT, has been making significant strides in the Bitcoin accumulation race. A recent acquisition of 8,889 BTC has bolstered their reserves to over 75,000 BTC, valued at more than $5.3 billion. This move highlights Tether’s evolving strategy, venturing beyond its core stablecoin business and embracing diversification and…
The highly anticipated Bitcoin halving event looms large just 20 days away in April 2024. As the countdown intensifies, Bitcoin (BTC) has exhibited encouraging signs with a recent price surge. At press time, BTC is trading around $69,500, boasting a market cap of $1.366 trillion. Strong Breakout Paves the Way for Halving Crypto analyst Rekt…
Bitcoin (BTC), the undisputed king of cryptocurrencies, has encountered a wave of volatility after scaling its all-time high of $73,797.68 last week. The flagship digital asset has shed nearly 13% since then, with analysts at JPMorgan Chase & Co. predicting a potential for further decline. Amidst this market jitters, Michael Saylor, the vocal Bitcoin bull…
The once buoyant cryptocurrency market has hit a snag, with Bitcoin (BTC) and Ethereum (ETH) experiencing a notable price dip alongside other digital assets. This recent downturn can be attributed to a confluence of factors, including shifting market sentiment, evolving monetary policy stances, and heightened activity in the crypto derivatives market. Waning Optimism and JP…
The cryptocurrency market has been experiencing a period of volatility, with some digital assets facing significant price drops while others attempt to regain lost ground. This article dives into the recent performance of three major players: Shiba Inu (SHIB), Ripple (XRP), and Bitcoin (BTC). Shiba Inu: A Dramatic Drop and Uncertain Future SHIB has suffered…
The New York Community Bank (NYCB) recently found itself in the spotlight for all the wrong reasons. The bank’s stock value plummeted over 40% following revelations of concerning financial health and leadership changes. This turbulence unfolded against a starkly contrasting backdrop of Bitcoin’s continued surge, reaching a record high of $69,000 year-to-date. NYCB’s Downfall: A…
The TON (The Open Network) blockchain continues to generate significant interest within the Web3 space, attracting investments and partnerships due to its unique position within the popular messaging app Telegram. This article explores the recent developments within the TON ecosystem, highlighting the potential for mass adoption driven by Telegram’s user base and the strategic investments…