Tag: Hits

BREAKING: Bitcoin hits $28k after Grayscale win against SEC

Bitcoin price rose to highs of $28,142 on crypto exchange Bitstamp on Tuesday. The gains came as the crypto market reacted to news of Grayscale’s win against the SEC. Bitcoin price saw a huge spike in volatility on Tuesday afternoon as prices across the crypto market rose. The world’s largest cryptocurrency by market cap jumped […]

Shiba Memu presale hits $2.1M as Shiba Inu’s Shibarium faces challenges

The highly-anticipated Shibarium layer-2 network is having problems with its bridge contract. Approximately $1.7 million worth of Ethereum is currently stuck on the bridge contract. Shibarium launch was expected to add some impetus to the price of SHIB but that has not happened. The much-hyped layer-2 network of Shiba Inu, Shibarium, is having significant problems […]

Bitcoin price outlook as Shiba Memu’s presale hits $1.5M

Key takeaways Bitcoin has been underperforming in recent weeks, down from the $31k level it achieved last month. The world’s leading cryptocurrency by market cap is struggling around the $29k region, and market experts believe it could dip lower in the near term. Shiba Memu has continued to set new records with its presale despite […]

Bitcoin mining difficulty hits all-time high, above 50 trillion hashes

Key Takeaways Bitcoin mining difficulty has surpassed 50 trillion hashes for the first time ever Higher difficulty means more competition and less profit for miners, but also more security for the Bitcoin network Higher mining difficulty means greater energy input required to mine Bitcoin, meaning greater cost for miners Mining stocks have underperformed Bitcoin significantly […]

MicroStrategy BTC paper loss hits $1.3B but no plans to stop trading bitcoin

MicroStrategy registered $34 million in its first-ever bitcoin sale. The company registered a paper loss of over 1 billion in 2022. MicroStrategy made its first bitcoin purchase in August 2020. Despite making a paper loss of about $1.3 billion in 2022, MicroStrategy’s chief financial officer, Andrew Kang, said that the company will continue trading bitcoin. […]

Optimism token OP hits all-time high Bedrock upgrade news

OP has rallied over 30% in the past 24 hours, reaching a new all-time high of $2.97 on Coinbase Optimism is outperforming major coins even as cryptocurrencies rally on Thursday. Gains for Optimism comes amid buying pressure after news of an upgrade proposal planned for activation on 15 March. Optimism is rallying again as excitement […]

Bitcoin hits $18,200 as 13% more of of BTC supply in profit

Bitcoin price jumped more than 5% on Thursday to hit levels above $18,400. According to on-chain data from Glassnode, the price rally has helped return 13% more BTC into profit; now 60.5% of circulating supply is in profit. Only 47%-48% of BTC had been in profit between November 2022 and the start of January, 2023. […]

ApeCoin (APE/USD) hits resistance after a weekly surge

ApeCoin has returned 18% in a week. The launch of an NFT marketplace and expected staking feature is boosting the token. Further recoveries will depend on whether a breakout will occur at $4.2. ApeCoin (APE/USD) has risen by double digits in the past few days. As of press time, the cryptocurrency was up 18% in […]

The Sandbox SAND/USD prediction as token hits a new low in the year

The Sandbox (SAND/USD) crashed by nearly 5% on Monday, extending its losing streak in the bear market. The loss took the token to a yearly low of $0.52 before recovering slightly. As it stands, the token of the Metaverse platform is under the control of bears. It is not only SAND that is under pressure. […]