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Cryptocurrency
Will Bitcoin Price Rise After Bank of England Rate Cut?
August 02, 2024 03:35 PM AEST| By Team Kalkine MediaIn a notable shift from prolonged monetary tightening, the Bank of England (BoE) recently announced its first interest rate cut in over four years. The 0.25% reduction, bringing the current rate to 5%, represents the end of a period marked by elevate...
Bitcoin Hits 2-Week Lows Despite 100% Odds of Fed Rate Cut
August 02, 2024 03:32 PM AEST| By Team Kalkine MediaBitcoin's price remained subdued following the Federal Open Market Committee (FOMC) meeting, with lingering concerns over liquidity and market sentiment continuing to dominate the,cryptocurrency,landscape. Despite the Federal Reserve's dovish stance...
Marathon Digital Shares Dropped 8% Following Disappointing Q2 Results
August 02, 2024 03:31 PM AEST| By Team Kalkine MediaMarathon Digital Holdings Inc., a prominent player in the Bitcoin mining sector, has once again fallen short of Wall Street’s earnings expectations for the second quarter of 2024. The company’s stock experienced an 8% decline focllowing the release o...
Coinbase Shares Q2 Results Up 3% as Crypto Trading Doubles Year-Over-Year
August 02, 2024 03:26 PM AEST| By Team Kalkine MediaCoinbase Shares Q2 Results Up 3% as Crypto Trading Doubles Year-Over-Year,Coinbase has announced its third consecutive profitable quarter, showcasing impressive financial performance for Q2 2024. The company's latest results highlight a robust increa...
Bitcoin Liquidations Reach $300M as BTC Slips to $62K
August 02, 2024 03:25 PM AEST| By Team Kalkine MediaOn August 1, Bitcoin experienced a dramatic price drop, shedding over $1,600 in just 60 minutes amidst a surge of market volatility. The sudden plunge saw,Bitcoin,’s value plummet from $64,000 to $62,800, causing significant turmoil among leveraged l...
What’s Keeping Bitcoin’s Price from Rising?
August 01, 2024 12:00 AM AEST| By Team Kalkine MediaBitcoin’s price has been experiencing a prolonged period of fluctuation within a narrow range, oscillating between $65,300 and $68,400 for nearly ten days. This consolidation phase has persisted as the,cryptocurrency,struggles to break through the 20...
Bitcoin Drops Below $65,000 After Federal Reserve Decision
August 01, 2024 12:00 AM AEST| By Team Kalkine MediaBitcoin recently experienced a decline below the $65,000 mark, attributed to the United States Federal Reserve's decision to maintain interest rates and rising tensions in the Middle East. On July 31,,Bitcoin,(BTC) fell to $64,549, marking its first...
Sygnum Bank Predicts Ethereum ETFs Could Hit $10B AUM in First Year
August 01, 2024 12:00 AM AEST| By Team Kalkine MediaThe burgeoning market for Ether exchange-traded funds (ETFs) is poised for notable expansion, with projections suggesting that these financial products could accumulate up to $10 billion in assets under management (AUM) within their inaugural year of...
Bitcoin Miner Riot Platforms Reports Huge Q2 Loss
August 01, 2024 12:00 AM AEST| By Team Kalkine MediaRiot Platforms, a prominent player in the Bitcoin mining industry, reported its first quarterly loss since Q4 2022, reflecting the ongoing impact of the April halving event. The company disclosed a Q2 net loss of $84.4 million, or $0.32 per share, si...
Can $100M in BTC Price Support Keep Bitcoin from Falling to $61K?
August 01, 2024 12:00 AM AEST| By Team Kalkine MediaBitcoin liquidity is currently navigating a critical phase as cryptocurrency faces the challenge of avoiding a deeper price retracement amidst a backdrop of lower highs. As of the latest reports,,Bitcoin,(BTC) is seeing significant fluctuations in it...
South Korean Crypto Exchanges Hit with Unplanned Supervision Fees
August 01, 2024 12:00 AM AEST| By Team Kalkine MediaSupervisory fees marks a crucial step toward increased regulation and oversight in South Korea's,cryptocurrency,industry. Major operators such as Upbit, Bithumb, and Coinone will now be required to pay supervisory fees under the newly enforced Virtua...
Bitcoin Might Make a Big Move as Bollinger Bands Tighten
August 01, 2024 12:00 AM AEST| By Team Kalkine MediaA crucial Bitcoin trading indicator has reached its "tightest point" in 12 months, suggesting that a significant price movement may be on the horizon. This indicator, known as Bollinger Bands, measures the volatility and momentum of an asset within a...
What Ethereum (ETH) Needs to Achieve $4K Price Target?
August 01, 2024 12:00 AM AEST| By Team Kalkine MediaEthereum’s price has struggled to surpass the $4,000 mark since March 14, a period before the approval of the Ether spot exchange-traded fund (ETF) by the United States Securities and Exchange Commission (SEC) on May 23. Despite the initial optimism...
Bitwise Exec Says They're Not Bullish on Crypto Despite Political Influence
August 01, 2024 12:00 AM AEST| By Team Kalkine MediaThe recent Bitcoin 2024 conference in Nashville, Tennessee, has marked a significant turning point in the discussion surrounding,Bitcoin,as a reserve asset. Matt Hougan, Chief Investment Officer at Bitwise, expressed that the idea of Bitcoin being co...
Trump's Bitcoin Sneakers Now Selling for $2,500 on eBay
August 01, 2024 12:00 AM AEST| By Team Kalkine MediaDonald Trump's recently released limited edition Bitcoin-themed sneakers are now being resold on eBay for up to $2,500. Listings for the orange-colored high-tops, the,Bitcoin,-themed sneakers were launched on July 31, have appeared on the platform, w...
3 Ethereum Price Indicators Suggest ETH Could Drop More
July 31, 2024 08:02 PM AEST| By Team Kalkine MediaEthereum’s price has struggled to keep pace with Bitcoin and the broader cryptocurrency market recently. Despite an initial rally of 26% to $3,563 leading up to the launch of spot Ether exchange-traded funds (ETFs),,Ethereum,(ETH) has faced significa...
California DMV to Use Avalanche Blockchain for Car Title Transfers
July 31, 2024 07:58 PM AEST| By Team Kalkine MediaIn a groundbreaking move for digital transformation, the California Department of Motor Vehicles (DMV) has successfully digitized 42 million car titles using the Avalanche blockchain. This initiative marks a significant milestone in California’s broa...
What’s Happening in Crypto this Week
July 31, 2024 07:53 PM AEST| By Team Kalkine MediaIn a significant legal development within the cryptocurrency space, Nader Al-Naji, the founder of BitClout, has been charged with fraud by the United States Securities and Exchange Commission (SEC) and the US Attorney’s Office for the Southern Distri...
Bitcoin Prices Drop to $65K, Creating Concern for Late Investors
July 31, 2024 07:51 PM AEST| By Team Kalkine MediaBitcoin (BTC) has encountered significant pressure in recent days, with a notable increase in leveraged positions and a subsequent drop in price. As,Bitcoin,'s value approached $65,000, many late long positions have been liquidated, highlighting the...
Why ETH Is Less Demand After the Ethereum ETF?
July 31, 2024 07:50 PM AEST| By Team Kalkine MediaEthereum (ETH) has faced challenges in breaking through the $3,400 resistance level, as recent developments in the ETF market and declining demand contribute to its underperformance. Despite the recent launch of spot,Ethereum,ETFs in the United State...
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