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988 days ago

This week's crypto performance has been weak

The returns of the top six crypto assets over the last week were as follows — BTC (-5.38%), ETH (-6.05%), BNB (-8.61%), XRP (-9.58%), and ADA (-10.84%). Source: Coin Metrics

989 days ago

Bitcoin falls below $30,000

Bitcoin has been locked in the broad price range of $30,000 to $40,000 since mid-May, and briefly broke below the $30,000 mark on June 22. The cryptocurrency fleetingly traded at $29,700 a day after the People’s Bank of China ordered the country’s major financial institutions to stop facilitating crypto transactions. Source:coindesk

993 days ago

Bank of America approves Bitcoin Futures trading for some clients

Bank of America has approved the trading of bitcoin futures for some clients. The bank has been conservative in its approach to the crypto sector, but due to the large amount of margin required to trade the futures, it is now allowing some clients to access the crypto market. Source: Coindesk

993 days ago

Is Bitcoin's $30,000 support level going to last?

Bitcoin has been staying in a trading range just above $30,000 which is considered as the virtual's coin floor level. Bitcoin traded around $31,600 as of in London and is down about 6% so far this week. Source: Bloomberg

994 days ago

Bitcoin consumes more electricity than an entire country

Bitcoin mining consumes approximately 70 terawatt hours of electricity a year exceeding Austria's annual consumption. Consumption seems to follow Bitcoin's share movement. Indeed, it plummets with Musk's tweets over concerns, and rises when prices rally. Source: Financial Times

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