Bitcoin mining firm Riot recorded $84.8 million in revenue in the third quarter of 2024, representing a 65% increase over the same quarter in 2023. This growth can be attributed to the 159% year-over-year increase in deployed hash rate which reached 28 EH/s by the end of the quarter. Riot’s Q3 Financial Results According to...Read More
Dogwifhat (WIF), the popular Solana-based meme coin has turned bearish as Bitcoin (BTC), the world’s largest cryptocurrency breached its crucial support level. Following this incident, the sentiment across the cryptocurrency landscape has significantly shifted towards a downtrend. Dogwifhat Technical Analysis and Upcoming Levels According to expert technical analysis, WIF has turned bearish as it breached...Read More
Venture capital firm Sequoia Capital stands to make approximately $100 million following Stripe’s $1.1 billion purchase of Bridge. The substantial return is particularly notable in the crypto sector, where venture funding has significantly declined since its peak in 2022. Other Investors Also Set for Major Returns According to reports from Bloomberg, Sequoia invested $19 million...Read More
In the last full trading week ahead of the highly-anticipated US presidential elections, the 11 locally-based spot Bitcoin ETFs registered their best week in terms of net weekly flows since March. At the same time, the asset’s price skyrocketed to almost a new all-time high, but lost a lot of momentum in the following days....Read More
It was less than a week ago when the primary cryptocurrency skyrocketed to $73,500 for the first time since the all-time high registered in March this year. The landscape seems entirely different now, and the question of what has changed pops up. Bitcoin/Price/Chart 03.11.2024. Source: TradingView The chart above paints a clear and painful picture...Read More
Bitcoin (BTC) is trading a few thousand dollars below its all-time high (ATH) of $73,750, and the global cryptocurrency market cap has increased to $2.46 trillion this year, but digital asset companies are still laying off their employees. This week alone, three prominent crypto entities have announced significant job cuts, raising the question, is the...Read More
The crypto market eagerly awaits the upcoming FOMC interest-rate decision by the US Federal Reserve this week. One of the highly anticipated events this week is expected to shape the sentiments in the digital assets space, potentially setting the path for Bitcoin and other altcoins.. Rate Cut Soon? The digital asset market has reacted positively...Read More
Robinhood has reported a 112% year-over-year increase in cryptocurrency trading volume, reaching $14.4 billion in the third quarter of 2024. However, this surge comes amid a decline in trading activity compared to earlier in the year, with volumes peaking at $36 billion in the first quarter and dropping to $21.5 billion in the second quarter....Read More
Reddit, a pioneering social media force for crypto engagement and arguably the most popular discussion forum, offloaded a substantial portion of its virtual asset holdings in the third quarter of 2024. In its latest regulatory filing, the company revealed that it sold most of its Bitcoin (BTC) and Ethereum (ETH) treasury assets, generating $6.87 million....Read More
