Tag Archives: btcusdt

Despite failing to overcome $23,500 once again in the past 24 hours, BTC is still slightly in the green today and stands above $23,000. The altcoins are quite calm today, as only Litecoin stands out as a notable gainer. Bitcoin Firm Above $23K The start of last weekend saw bitcoin’s price surge from $21,000 to and beyond $23,000. Somewhat expectedly, reaching the latter meant tapping a multi-month high since BTC was stuck around $17,000 for months. The cryptocurrency spent...

Residents of Murphy, North Carolina, complained that a cryptocurrency miner located in the area causes “insane” noise and negatively impacts the electric grid.  As such, some people have decided to leave the town and settle in another place. ‘It Sounds Like You Are Behind a Jet’ The crypto miner installed by the San Francisco-based company PrimeBlock seems to be a huge problem for some of the 1,600 inhabitants of Murphy, North Carolina. In a recent interview, resident Mike...

The LOOP Design Awards reportedly recognized the Bitcoin City of El Salvador’s government as one of the most outstanding projects in interior design and architecture.  When completed, the metropolis will use the energy released from the Conchagua volcano to power itself and BTC as its currency.  Bukele’s Dream City Gets an Award According to recent coverage, El Salvador’s urban project stood out among 700 proposals. The jury outlined its innovative interior style, while the...

Bitcoin initiated another leg up late on Friday and tapped $23,500 but was stopped in its tracks and has returned to familiar ground. Most altcoins have charted more impressive gains, led by Avalanche, MATIC, OKB, Dogecoin, and others. Bitcoin Back Down to $23K It was last week when the primary cryptocurrency skyrocketed from $21,000 to a multi-month high above $23,000. This solidified the asset’s positive start to the new year, in which it has already shot up by roughly...

The United States Securities and Exchange Commission (SEC) rejected the joint effort of Ark Investment Management and 21Shares to list a spot Bitcoin ETF on the Cboe BZX Exchange. The agency dismissed another application filed by the partners in the spring of 2022.  As indicated in a recent filing, the American financial regulator did not allow Ark 21Shares’ BTC Spot ETF to launch on the US market. The product was supposed to be listed on the CBOE BZH Exchange. However, the...

The market sentiment continues to improve as cryptocurrencies see another week of trading in the green. The market added around $70 billion to its total capitalization, while the overall sentiment is at a 10-month high. It’s interesting to note that Bitcoin’s dominance continues to increase. This means it fared better than altcoins in terms of price performance. The leading cryptocurrency managed to add around 9% and is now battling for the important level at $23,000. A...

The world’s largest economy just announced the GDP figures for the latest quarter of 2022, showing moderate but declining growth compared to Q3. Unlike most previous statements coming from the US, this one brought little-to-no immediate volatility to the crypto market, with BTC still standing above $23,000. The overall expectations ahead of the Q4 2022 GDP numbers claimed that the economic growth in the country slowed down during the last three months of last year. Q3 saw an...

Tesla, the electric car company led by Elon Musk, did not sell the remaining of its Bitcoin stash, as it was supposed to do during the 4th quarter of 2022, according to a filing published by the Securities and Exchange Commission (SEC). Tesla’s BTC holdings should be priced at around $245 million, which would be the last 25% of all the Bitcoin purchased by the company during the Crypto Bullrun of 2021. Despite the crypto market crash of the following year and the negative...

The US-based bitcoin miner – Core Scientific – reportedly secured a $500 million fundraiser led by leading finance players, such as BlackRock, Apollo Capital, Kensico Capital, Ibex Investors, and others. The company filed for bankruptcy protection at the end of last year but continued mining BTC to repay debtholders. Traditional Finance Firms Flocking to Help According to a court filing seen by Bloomberg, BlackRock and several other high-profile investors lent approximately...

Anthony Scaramucci – the Founder of SkyBridge Capital and former White House official – believes cryptocurrencies will revive once the Federal Reserve stops raising interest rates. He thinks this will happen once inflation in the United States dropped back down to 4-5%. The Surge Could be on the Horizon The financier thinks the US central bank will halt the interest rate hikes before reaching the 2% inflation goal and, thus, stimulate a price expansion for risk assets, such...