Crypto News
Bitcoin at Bottom or More Pain to Come? Experts Weigh In
From “buy the dip“ to a further fall in BTC price toward $40,000, analysts unpack the significance of the week's volatility.Source link
Bitcoin Mining Profits Crushed by Record Difficulty and Historic Hashprice Drop
On Aug. 7, 2024, bitcoin’s price moved within a 24-hour range between $55,742 and $57,607. This lower price bracket has significantly reduced bitcoin mining revenue, causing the estimated daily value of 1 petahash per second (PH/s), also referred to as the hashprice, to drop below $36 two days prior. Miners Grapple With Unprecedented Low HashpriceSource link
Crypto Turns Broadly Lower in U.S. Afternoon Trade as Stocks Give Away Gains
An overnight bounce following dovish remarks from the Bank of Japan has failed to hold.Source link
Bitcoin ‘Risks Have Not Yet Materialized’ in El Salvador, Says IMF
The country still needs to be more transparent regarding its crypto policy, the organization has said.Source link
WALZ Meme Coin Skyrockets After Harris’s VP Pick – Now It’s on a Downward Spiral
Following Kamala Harris’s decision to select Minnesota Governor Tim Walz as her running mate, a new meme coin on the Solana blockchain emerged, named tem walz (WALZ). The token experienced a spike on Tuesday, coinciding with Harris’s announcement, with its market cap nearly touching $1 million. However, today, the market valuation of WALZ has decreasedSource link