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Bitcoin (BTC) faced a significant decline in price over the weekend after the release of August nonfarm payrolls (NFP) data. The price dropped by nearly 5% to trade below the $54,000 range, hitting its lowest level since early August. This downward trend in price led to the liquidation of $200 million in long positions, contributing
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Recent data from research firm Kaiko has revealed a significant decline in Coinbase’s market share, with smaller exchanges making substantial gains in recent months. Earlier in the year, Coinbase held over half of the US crypto market share, reaching a peak of nearly 55% in March. However, the latest report shows that its market share
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Despite its popularity, Ethereum has been underperforming compared to other top cryptocurrencies in the market. This downtrend has caused concern among investors as the price of ETH continues to drop, potentially falling below $2,000 once again. Recent market analysis has revealed a bullish pattern in the Ethereum price chart, indicating a possible reversal of the
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Friend.tech, a once-promising decentralized social media platform, has recently made a controversial decision to relinquish control of its smart contracts to Ethereum’s null address. This move has sent shockwaves through the platform’s ecosystem, particularly impacting the value of the FRIEND token. While the immediate market reactions have been notable, the implications of this decision go
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Crypto analyst Daan Crypto has recently highlighted a Bitcoin Rainbow Chart, providing valuable insights into the crypto’s current price action. According to Daan Crypto, Bitcoin needs to maintain a price above $60,000 in order to signal a bullish reversal in the market. The cryptocurrency is currently trading in the dark green region on the Rainbow
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In the world of cryptocurrency, Ethereum has long been considered a major player alongside Bitcoin. However, in recent years, Ethereum’s performance relative to Bitcoin has shown a significant decline. This decline has been attributed to various factors, signaling potential challenges for the future of Ethereum. Transition from Proof-of-Work to Proof-of-Stake One of the major events
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Over the past week, Bitcoin experienced a tumultuous journey in terms of price fluctuations. The digital asset initially surged towards the $60,000 mark on Tuesday, only to face a sharp rejection that sent it spiraling down to $55,500 by Wednesday. This downward trend continued as another lower high on Thursday brought the price further down
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Bitcoin’s market price on crypto exchanges recently fell to its lowest price since the early August massacre, dropping below $50,000 for the first time since the implementation of spot Bitcoin ETFs in the US. Following this dip, BTC has seen a 7% decrease in the past seven days, indicating that bears may be back in
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Cardano (ADA) is currently trading just below a critical resistance level at $0.33 after a week of intense fear and uncertainty in the market. Despite the broader downturn, certain metrics indicate growing optimism, as a portion of the market appears to be accumulating ADA at these levels. This suggests that investors may expect a reversal
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