Crypto News

A Solana-based memecoin themed on viral Thai zoo hippo Moo Deng surged by more than 67% after it was listed on cryptocurrency exchange Coinbase on Monday.Its market cap is now pushing back towards $500 million after a two-week lull that saw the token's price drop from $0.67 to $0.30. It is currently trading at $0.49 following Monday's rise, with daily trading volume rising by 151% to $330 million.The listing provided a much-needed boost to the wider memecoin ecosystem, with GOAT experiencing a 9% move to the upside, while PNUT rose by 6% during a 10-minute period following the listing.It's worth noting that memecoins are volatile by nature as they have no intrinsic value; they rise and fall rapidly based solely...

MicroStrategy continues to buy Bitcoin: It now holds about $39 billion worth of BTC, just weeks after its stock price hit an all-time high.Source link

Bitcoin’s price of $96,125 to $96,557 over the last hour reflects a consolidating market with mixed signals from various timeframes, suggesting a cautious approach for traders and investors. Bitcoin On the 1-hour chart, bitcoin shows a sharp drop from $98,200 to $94,712, followed by a moderate recovery. A spike in sell volume during the declineSource link

Bitcoin (BTC) daily mining revenue and gross profit rose in November as the world's largest cryptocurrency hit record highs, but it is still about 50% below pre-halving levels, JPMorgan (JPM) said in a research report Monday."We estimate that bitcoin miners earned an average of $52,000 per EH/s in daily block reward revenue in November, up 24% from October," analysts Reginald Smith and Charles Pearce wrote.The bank noted that transaction fees on the network spiked following the U.S. Nov. 5 presidential election and this provided some "hashprice relief." The hashprice is a measure of mining profitability.The total market cap of the 14 publicly listed bitcoin miners in the bank's coverage surged 52% in November to $36.2 billion, the report said.The average...

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently trading at 3696.8, up 5.6% (+195.83) since 4 pm ET on Friday.Three of 13 assets are trading higher.Leaders: HBAR (+42.3%) and XRP (+38.5%).Laggards: SOL (-7.4%) and RENDER (-4.5%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link