The Bitcoin price remains stuck below $69,000 over the past 10 weeks, but analysts say it is a healthy price action
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- Crunch
- Global
The decline in crypto scams and frauds continued, with only $52 million lost in May compared to $59 million the previous year.
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BIGCAP COINS:
- Pepe: Market Cap of $6.0 Billion.
- Bitcoin: Market Cap of $1.3 Trillion.
- Shiba Inu: Market Cap of $15.7 Billion.
MIDCAP COINS:
- Notcoin: Market Cap of $1.2 Billion.
- Gorilla: Market Cap of $6.4 Million.
- Jupiter: Market Cap of $1.5 Billion.
RISING COINS:
- Wojak: Market Cap of $99.1 Million.
- Elon: Market Cap of $23.9 Million.
- GameStop: Market Cap of $4.7 Million.
Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.
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Introduction:
The latest Q1-2024 Hashrate Index Report by Luxor Technology delves into the Bitcoin mining sector’s performance after the Fourth Bitcoin Halving. This report offers critical insights into key metrics such as Bitcoin Hashrate, Hashprice, Hashrate Forwards, and Bitcoin Mining Stocks, highlighting the Bitcoin mining industry’s adaptability – and also the challenges that lie ahead for miners in a 3.125 BTC block subsidy world.
Bitcoin Hashprice and Hashrate Fluctuate
Now that the Fourth Halving has passed, Bitcoin miners have their eyes on two metrics in particular: hashprice and network hashrate.
Hashprice is a measure of how much revenue miners can earn per day when…
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Hidden Road cited Know Your Customer verification policies and concerns surrounding Anti-Money Laundering regulations on the ByBit exchange.
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Elon Musk and former President Donald Trump are in discussions about cryptocurrency policy as Trump increasingly highlights Bitcoin and other digital assets on the campaign trail, Bloomberg reported today. According to sources familiar with the talks, Trump sees Bitcoin and other cryptocurrencies as a way to appeal to new voters.
JUST IN: Elon Musk and Donald Trump are discussing crypto policy as Trump highlights #Bitcoin and other digital assets as a way to reach new voters — Bloomberg pic.twitter.com/1h3GQU7t0n
— Bitcoin Magazine (@BitcoinMagazine) May 30, 2024
The discussions with Musk follow Trump’s recent support of Bitcoin and the broader cryptocurrency ecosystem, emphasizing…
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Goldman Sachs is heralding the success of newly approved spot Bitcoin ETFs, with Mathew McDermott, the bank’s global head of digital assets, labeling them an “astonishing success” at the Consensus 2024 conference. This marks a significant shift from the bank’s previous skepticism. McDermott pointed to the SEC’s nod earlier this year as a “big psychological turning point,” spotlighting the overwhelming response as these ETFs rapidly amassed over $20 billion in assets, setting new records.
The transition in Goldman’s stance is evident as they now participate as an authorized entity in BlackRock’s IBIT bitcoin ETF. McDermott underscored the unprecedented inflow from U.S. spot Bitcoin ETFs as a sign of burgeoning acceptance from Wall Street. This enthusiasm reflects a broader trend, with financial behemoths like BlackRock and Fidelity managing multibillion-dollar assets through these ETFs.
The massive interest from both retail and institutional investors indicates a growing integration of Bitcoin into traditional finance. As Goldman Sachs expands its crypto offerings, including derivatives and research, the firm’s engagement suggests that wider financial adoption of Bitcoin is not just likely but inevitable.
The memecoin whale made an over 52% return on its initial investment within a month, despite Pepe’s price falling over 17% from its all-time high.
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Bitcoin chews through overhead resistance on the back of U.S. GDP and jobless claims data, with risk assets benefiting across the board.
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Consensys CEO Joe Lubin explains why the firm is taking legal action against the SEC, discusses Ethereum’s roadmap and the importance of Vitalik Buterin’s continued involvement.
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