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Market • March 11, 2024, 1:31pm EDT issued 1 minute ago upon Updated: March 11, 2024, 2:06 PM EDT The Scoop Season 6 Episode 10 was recorded as follows: The Blocks Frank Chaparro and GSR Senior Strategist Brian Ruddick.Watch below and subscribe to The Scoop on YouTube. apple, spotify, Google Podcasts, stitcher, Or wherever you listen to podcasts. Please send feedback and revision requests to podcast@theblock.co.Brian Ruddick is a senior strategist at GSR.In this episode of The Scoop, GSR Senior Strategist Brian Ruddick examines the difference between the forces that move crypto markets and the forces that influence stocks. He…
Last update: March 11, 2024 06:29 EDT | 3 minute read Data from IntoTheBlock shows that approximately 95% of Bitcoin holders are able to sell for a profit now after the price hit a new all-time high (ATH) of $69,170 on March 5th. Masu. This is the largest share of Bitcoin holders in the green since then. The previous ATH was set in November 2021.Profiting is great for BTC investors, but the fact that a significant majority of holders are in the green means they are incentivized to sell some of their tokens for profit. means. The strong pullback that…
BlockDAG's recent keynote release caused a storm of excitement within the cryptocurrency community, showcasing the project's breakthrough technology that is poised to redefine the speed and security of cryptocurrencies and blockchain. This keynote not only caught the attention of blockchain enthusiasts, but also triggered a surge of investment that flooded BlockDAG's pre-sale. A second batch is currently underway with $0.015 of BDAG tokens. As the pre-sale progresses, the token price will increase step by step, eventually reaching $0.05 in the final batch. An investor who seizes the opportunity to acquire BlockDAG BDAG tokens will receive an impressive return on investment…
Cryptocurrencies have been in free fall since late last year as buying appetite increased in anticipation of regulatory approval. spot bitcoin (CRYPTO: BTC) Exchange traded fund. The rally stalled after SEC approval in early January, but then resumed after a lull. Which widely held and popular cryptocurrencies have provided better returns for investors?Enter to win $500 in stocks or cryptoEnter your email address to get Benzinga's Ultimate Morning Update, a free $30 gift card, and more.Stratospheric rise: After an unforgettable 2022, most cryptocurrencies began to rise in 2023, with most of the gains occurring towards the second half of the…
What is Tether (USDT)? USDT is the symbol for Tether, a cryptocurrency pegged to the US Dollar, meaning that USDT is a stablecoin whose value fluctuates according to the US Dollar and is backed by Tether's US Dollar reserves. USDT is issued by Tether, a company registered in Hong Kong and owned by iFinex, which also owns the cryptocurrency exchange BitFinex. As of March 2024, USDT is the third largest cryptocurrency after Bitcoin (BTC) and Ethereum (ETH) and the largest stablecoin with a market capitalization of approximately $99 billion. In 2023 and early 2024, Tether’s USDT accounted for the majority…
CoindalMonero plans to implement an upgrade of the XMR wallet and update the deposit address on March 13th. This initiative aims to enhance the efficiency and security of wallets. Please refer to. XMR official tweet: XMR informationMonero XMR is a digital cryptocurrency created in April 2014. Unlike many cryptocurrencies that are derivatives of Bitcoin, Monero is based on his CryptoNote protocol and has significant algorithmic differences in obfuscating the blockchain. Monero focuses on privacy, decentralization, and scalability.One of Monero's key features is its commitment to privacy. Monero uses ring signatures and stealth addresses to obfuscate transaction details such as the…
Ether briefly surpassed $4,000 for the first time since December 2021. Bitcoin has broken through to an all-time high, trading above $70,000 early Friday.However, this milestone did not last long. BTC fell from its intraday high of $70,168 to $67,045 in a matter of minutes, highlighting the notorious volatility that characterizes this asset.BTC priceDespite today's roller coaster, Bitcoin is on an unstoppable upward trend driven by two major events: the Spot Bitcoin ETF and the upcoming halving.Bitcoin ETFs received inflows in seven weeks that took gold ETFs three years, according to Eric Balchunas, senior ETF analyst at Bloomberg. Nine ETF…
Multiple bank failures last year highlighted Bitcoin's role as an alternative asset that exists outside the traditional banking sector. However, continued uncertainty surrounding banks could have a positive or negative impact on crypto market sentiment, depending on who you ask and what happens next. The Fed created the Bank Term Funding Program (BTFP) in March 2023, a month in which Silvergate Bank announced its intention to liquidate, Silicon Valley Bank failed, and the FDIC announced Signature Bank. Closed. The Fed program provided funds to eligible depository institutions to help banks meet the needs of their depositors. However, it plans to…
So far, most news headlines are reporting a bull run in cryptocurrencies led by Bitcoin and Ethereum. Bitcoin is king, but its little brother Ethereum is not far behind. Even as retail investors try to make sense of all this, high net worth individuals (HNIs) already park 1-3% of their funds here. Virtual currency Bitcoin (representative photo) {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} Asked about his outlook, Bengaluru-based private investor Krishna Jha said, “The next bull market has begun and prices will be higher than before.” However, Jha says he has no intention of betting on cryptocurrencies. “My cryptocurrency holdings are zero.”…
GDP growth in the euro area and the EU In the fourth quarter of 2023, seasonally adjusted GDP remained stable in both the euro area and the EU, compared with the previous quarter, according to an estimate published by Eurostat, the statistical office of the European Union. In the third quarter of 2023, GDP had decreased by 0.1% in the euro area and had remained stable in the EU. Compared with the same quarter of the previous year, seasonally adjusted GDP increased by 0.1% in the euro area and by 0.2% in the EU in the fourth quarter of 2023,…