Cryptocurrency Market

  • Market Cap: $2,184,720,486,220.10
  • 24h Vol: $105,757,675,555.97
  • BTC Dominance: 55.91%

investment

bitcoin-becomes-12th-largest-asset-worldwide-by-valuation,-surpassing-visa

Bitcoin Becomes 12th Largest Asset Worldwide by Valuation, Surpassing Visa

After dropping below $26,000 per unit, the price of bitcoin, the leading digital asset by market capitalization, is still up 9.6% since last week. However, its price has decreased by 6.5% in the last 24 hours. Out of the 7,316 companies, crypto assets, precious metals, and exchange-traded funds worth more than $82 trillion in value, […]

Bitcoin Becomes 12th Largest Asset Worldwide by Valuation, Surpassing Visa Read More »

signature-bank-considered-a-buy-as-last-major-bank-standing-in-crypto-market-amid-silvergate-and-svb-troubles

Signature Bank Considered a Buy as Last Major Bank Standing in Crypto Market Amid Silvergate and SVB Troubles

Amid the demise of Silvergate Bank and the troubles faced by Silicon Valley Bank (SVB), market analysts believe Signature Bank (SBNY) may be a buy as it’s considered the “last game in crypto-town,” according to Wells Fargo equity analyst Jared Shaw. Silvergate’s liquidation caused SBNY shares to sink on Friday, dropping more than 13% as

Signature Bank Considered a Buy as Last Major Bank Standing in Crypto Market Amid Silvergate and SVB Troubles Read More »

new-york-attorney-general-files-lawsuit-against-kucoin-and-declares-ethereum-a-security

New York Attorney General Files Lawsuit Against Kucoin and Declares Ethereum a Security

On March 9, 2023, New York attorney general Letitia James announced that her office had once again cracked down on crypto platforms by filing a lawsuit against the Seychelles-based crypto exchange Kucoin. Members of the Office of the Attorney General (OAG) were able to purchase crypto assets, despite the exchange not being registered in the

New York Attorney General Files Lawsuit Against Kucoin and Declares Ethereum a Security Read More »

central-banks-continue-to-show-strong-demand-for-gold-in-2023,-says-world-gold-council-report

Central Banks Continue to Show Strong Demand for Gold in 2023, Says World Gold Council Report

Central banks show continued demand for gold in 2023, as per a recent report from the World Gold Council (WGC), which noted that the world’s central banks accumulated 31 tons of the precious metal in January. Turkey was the largest gold buyer, adding 23 tons to its central bank’s stash, while the People’s Bank of

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bitcoin-miners-brace-for-another-projected-difficulty-increase-as-hashrate-heats-up-amid-market-uncertainty

Bitcoin Miners Brace for Another Projected Difficulty Increase as Hashrate Heats Up Amid Market Uncertainty

Despite a 9.95% increase last week and the all-time high difficulty, bitcoin’s hashrate has averaged around 305 exahash per second (EH/s) over the past 30 days. According to current data, the hashrate has been around 308 EH/s over the past 2,016 blocks. The next difficulty change, set to occur on March 10, is estimated to

Bitcoin Miners Brace for Another Projected Difficulty Increase as Hashrate Heats Up Amid Market Uncertainty Read More »

avalanche-sees-surge-in-btc-bridged-to-its-network-with-over-$44-million-in-bitcoin-ported-on-thursday

Avalanche Sees Surge in BTC Bridged to Its Network With Over $44 Million in Bitcoin Ported on Thursday

According to statistics, the number of bitcoin bridged to the Avalanche blockchain saw a significant inflow on March 2, as more than 2,000 bitcoin were bridged on that day. Data further shows that as of Friday, March 3, a total of 8,504 bitcoin worth $190.9 million was bridged over to the Avalanche network. Bitcoin Bridged

Avalanche Sees Surge in BTC Bridged to Its Network With Over $44 Million in Bitcoin Ported on Thursday Read More »

bitcoin’s-price-drop-causes-over-$200-million-in-long-liquidations-across-crypto-derivative-exchanges

Bitcoin’s Price Drop Causes Over $200 Million in Long Liquidations Across Crypto Derivative Exchanges

On Feb. 24, 2023, bitcoin’s price remained above the $23,000 threshold and then rose to a peak of $23,829 per unit on March 1. On March 2 at 8 p.m. Eastern Time, the price of bitcoin fell, dropping below the $23,000 mark. This decline resulted in a significant $237.97 million worth of long liquidations on

Bitcoin’s Price Drop Causes Over $200 Million in Long Liquidations Across Crypto Derivative Exchanges Read More »

ebb-and-flow-of-stablecoin-economy-continues-with-busd’s-market-cap-dropping-below-$10-billion-range

Ebb and Flow of Stablecoin Economy Continues With BUSD’s Market Cap Dropping Below $10 Billion Range

The realm of stablecoins is an ever-evolving landscape and the number of coins in circulation for the stablecoin BUSD has fallen below the 10 billion mark to approximately 9.68 billion on March 3, 2023. Over the last 30 days, BUSD’s token supply has dropped 40% lower. In contrast, the number of tethers in circulation has

Ebb and Flow of Stablecoin Economy Continues With BUSD’s Market Cap Dropping Below $10 Billion Range Read More »

crypto-economy-swelled-80,466%-since-2013,-despite-$1.5-trillion-loss-in-2022-downturn

Crypto Economy Swelled 80,466% Since 2013, Despite $1.5 Trillion Loss in 2022 Downturn

Nine years and nine months ago, on May 9, 2013, coinmarketcap.com recorded 14 cryptocurrency assets, and bitcoin’s overall valuation was $1.24 billion, with 11.13 million bitcoins in circulation at the time. Today, the same website indicates that there are 22,709 crypto assets. Additionally, the market capitalization of the crypto economy has grown significantly, increasing by

Crypto Economy Swelled 80,466% Since 2013, Despite $1.5 Trillion Loss in 2022 Downturn Read More »

mawson-infrastructure-group-launches-bitcoin-mining-operation-in-pennsylvania,-exits-australia

Mawson Infrastructure Group Launches Bitcoin Mining Operation in Pennsylvania, Exits Australia

The bitcoin mining operation, Mawson Infrastructure Group, Inc., announced that the firm has broken ground at a new site in Sharon, Pennsylvania. Reports detail that Mawson has delivered six modular production units capable of housing 3,528 application-specific integrated circuit (ASIC) bitcoin miners, or approximately 12 megawatts (MW) of capacity. The new Mawson site is capable

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