Almost all crypto miners’ stocks were in the red for the day, with Bitfarms falling more than 9%, while peers such as Argo Blockchain and Cipher Mining fell more than 7%. Shares of other miners, including Marathon Digital, Riot Blockchain, Hive Blockchain and Hut 8 Mining, also fell more than 4% on Monday. Source link … [Read more...] about Crypto Miners Extend Slump as Bitcoin Price Falls to Lowest Point Since October
Perceived store-of-value assets like bitcoin and gold are rising as investors reassess the stickiness of inflation in the wake of a hotter-than-expected October reading in the U.S. consumer price index (CPI).The price of bitcoin (BTC) has increased by nearly $3,000, hitting a new record high of $68,950, since the Labor Department’s CPI report was released at 13:30 UTC (8:30 … [Read more...] about Bitcoin Jumps to New All-Time High as Inflation Spikes to 6.2% in October
Bitcoin’s uptrend continues with prices rising over 10% this month, extending October’s 40% gain and setting a new record high of over $68,000. However, institutions and large investors seem to be handing the baton over to retail investors ahead of the U.S. consumer price index data that could influence the Fed rate hike expectations.While the coin stash of small bitcoin … [Read more...] about Large Bitcoin Investors Take a Breather After Frantic October, U.S. Inflation Data Eyed
Following a volatile September, the crypto market rebounded to an all-time high in October, with DeFi’s TVL exceeding $250 billion and BTC pushing past $66K. DeFi TVL Change (Data source: Footprint Analytics)But with all eyes on rising token prices, it was easy to miss some trends and announcements that look likely to impact the market in Q4 significantly. DeFi will be getting … [Read more...] about How did the DeFi, NFT and crypto market change in October?
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