Cryptocurrency

Cryptocurrency

Crypto stocks poised as Bitcoin holds $23K ahead of FOMC

Bitcoin miners Core Scientific rose 33% as stocks of Bitfarms, Stronghold Digital, CleanSpark all ended the past week higher. Coinbase and Robinhood shares also rose as Bitcoin broke above $23,000. FOMC meeting is this week and the market reaction will be key to what next for Bitcoin and crypto stocks. A number of crypto-related stocks…

Bitcoin price prediction ahead of Fed decision, NFP data
Cryptocurrency

Bitcoin price prediction ahead of Fed decision, NFP data

Bitcoin price declined slightly on Monday after nearing the resistance at $24,000. Macro factors will be the key drivers for Bitcoin and other asset prices. Consumer confidence, Fed decision, and NFP data will be in focus. Bitcoin price pulled back slightly on Monday as investors started focusing on the key economic data from the US…

Cryptocurrency

Crypto markets rallying but damage remains severe

Key Takeaways Bitcoin is up close to 50% from its lows, but is still down over two-thirds from all-time highs Some on-chain metrics show how much the rally pales in comparison to the prior fall  Positive news from the industry remains few and far between, as market prepares for latest interest rate policy, to be…

Cryptocurrency

Core Scientific agrees $70 million loan from B. Riley

Core Scientific is seeking emergency relief from the bankruptcy court for it to secure a replacement loan facility. According to court documents, the miner has agreed to a $70 million credit facility from investment banking firm B. Riley. The company will use the funds to pay off an existing loan to avoid defaulting, Core Scientific,…

Cryptocurrency

Tesla lost $140 million on its Bitcoin in 2022

Tesla recorded gains of $64 million and impairment loss of $204 million. The company has revealed it sold 75% of its Bitcoin holdings, and held BTC worth about $184 million as of 31 December 2022. The electric vehicle maker bought Bitcoin worth $1.5 billion in 2021. Tesla has revealed that the company sold most of…

Cryptocurrency

Popular altcoins to know

Cryptpcurrencies, Bitcoin and are altcoins – what’s the difference?  What are the different types of altoins? Ethereum (ETH) and Tether (USDT) – the two most popular altcoins. Do you know there are thousands of alternative coins, or altcoins? In the ten years since Bitcoin’s genesis block was created, thousands of alternative cryptocurrencies, or altcoins, have…

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