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Here’s Why the Shido Token Crashed 94% Despite the Ongoing Market Rally
Here’s Why the Shido Token Crashed 94% Despite the Ongoing Market Rally

The cyberattack resulted in the loss of 4.3B Shido tokens, equivalent to half of the total supply, with a pre-collapse value of $35 million.

Cryptopotato·2024/02/29 18:59
Bitcoin closes in on posting the biggest monthly candle in its history
Bitcoin closes in on posting the biggest monthly candle in its history

Bitcoin is set to close February by posting the biggest monthly candle in the asset’s history.The price of bitcoin surged above the $63,000 mark in the past 24 hours, according to The Block’s Price Page.

The Block·2024/02/29 16:17
CELO, QNT Prepared to Change Things for the Better
CELO, QNT Prepared to Change Things for the Better

Discover Crypto said CELO and QNT’s fundamentals and community could drive the prices higher. Higher volatility alongside buying pressure could push CELO above $1. QNT’s 4-hour chart displayed a golden cross that could lead it to $120.

Coinedition·2024/02/29 14:55
JPMorgan says bitcoin price could drop toward $42,000 after April halving
JPMorgan says bitcoin price could drop toward $42,000 after April halving

JPMorgan analysts predict that the bitcoin price will drop to $42,000 after halving, citing reduced miner rewards and higher production costs.The Bitcoin mining industry is expected to further consolidate, with larger miners surviving, according to the analysts.

The Block·2024/02/29 13:37
Bitcoin (BTC) Targets $69K But 15% Correction Concerns Loom (Analysis)
Bitcoin (BTC) Targets $69K But 15% Correction Concerns Loom (Analysis)

Bitcoin’s price surge has pushed the market to extreme greed phase.

Cryptopotato·2024/02/29 11:52
Spot bitcoin ETFs hit record $673 million daily net inflow, led by BlackRock’s IBIT
Spot bitcoin ETFs hit record $673 million daily net inflow, led by BlackRock’s IBIT

U.S. spot bitcoin ETFs reached a record net inflow of more than $673 million on Wednesday as the price of bitcoin soared to a high of $64,000.Daily volume also reached the highest levels since the ETFs launched — generating over $7.6 billion in trading yesterday.

The Block·2024/02/29 11:38
Flash
  • 21:53
    Bitcoin, which is denominated in a number of currencies including the Japanese yen and British pound, hits record highs
    While Bitcoin is still below its all-time high in November 2021 in US dollar terms, BTC has broken out to new all-time highs in local currencies in many markets around the world. Since November 2021, the US Dollar Index (DXY) has risen by 10.7%, which means that currencies in many countries around the world are losing value. Countries where Bitcoin has hit new highs locally include economic powerhouses such as China, Japan, the United Kingdom, and India, as well as developing markets such as Argentina, Turkey, and Egypt. The yen, among them, fell 24 percent, meaning bitcoin hit its all-time high price in that country before spiking this week. Aurelie Barther, an analyst at Nansen, said: 'US economic growth remains exceptionally strong compared to Europe, the UK and Japan, which has supported the dollar. However, the future of this is less clear as we have seen a series of weak consumer and housing data from the US and I see the dollar index linked to cryptocurrency prices through the interest rate channel."
  • 21:52
    U.S. stocks close: MicroStrategy rises more than 6 percent
    U.S. stocks closed Thursday's session with the Dow initially closing up 45 points or 0.1% and the S&P 500 up 0.5%. Nasdaq 0.9%. NVIDIA (NVDA.O) closed up 1.8%, Arm (ARM.O) gained 5% and AMD (AMD.O) rose 9%.Marathon Digital (MARA.O) closed down 16% and MicroStrategy (MSTR.O) rose more than 6%. The Nasdaq China Golden Dragon Index fell 0.2 percent, while Xiaopeng Automobile (XPEV.N) gained 7.9 percent, Azera Motors (NIO.N) rose 5 percent and Ideal Motors (LI.O) rose more than 1 percent.
  • 21:52
    Nasdaq sets new closing high set in October 2021
    Nasdaq sets new closing high for October 2021