{
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cryptocurrency market faces turmoil as bitcoin dogecoin and ethereum prices plummet
Cryptocurrency stocks, including MicroStrategy and Coinbase, have seen significant declines, dropping over 5% amid a broader market downturn linked to Bitcoin's price collapse to an intraday low of $92,245. Despite the bearish sentiment, Dogecoin founder Billy Markus shared a cryptic post reflecting humor about the situation, hinting at potential buying opportunities as market volumes for Bitcoin, Dogecoin, and Ethereum surged, indicating investor confidence in future rebounds.
U.Today
Bitfarms Ltd. Riot Platforms, Inc. MicroStrategy Inc Coinbase Global, Inc. Alex Dovbnya Billy Markus Show more
Finance & Economy, News Article
16:55 20.12.2024
Ripple launches RLUSD stablecoin with strong debut trading volume
Dogecoin (DOGE) has experienced a significant surge in liquidations, increasing by 1,209%. Meanwhile, Ripple's newly launched stablecoin, Ripple USD (RLUSD), is now trackable on major platforms like CoinGecko and CoinMarketCap, with 53.18 million tokens in circulation and a debut trading volume of $549,820. Initially trading at $1.68 due to high demand, RLUSD's price has since stabilized, and it aims to establish itself as a fully regulated alternative in the competitive stablecoin market.
U.Today
Alex Dovbnya
Crypto, News Article
16:43 18.12.2024
binance's investment in musk's twitter reshapes cryptocurrency communication landscape
Changpeng Zhao, CEO of Binance, highlighted the exchange's $500 million investment in Elon Musk's Twitter acquisition, now known as X, emphasizing its strategic importance in the cryptocurrency space. Despite initial skepticism about Musk's plans for the platform, X has emerged as a vital communication tool for the crypto community, fostering free discussion and information sharing. Meanwhile, analysts suggest that MicroStrategy's inclusion in the S&P 500 remains unlikely due to inconsistent profitability, despite potential accounting changes that could enhance its earnings visibility.
U.Today
Coinbase Global, Inc. MicroStrategy Inc Nasdaq 100 Dec 24 Alex Dovbnya Naval Ravikant Elon Musk Changpeng Zhao Show more
Finance & Economy, News Article
13:45 15.12.2024
google quantum chip advancements pose no immediate threat to bitcoin security
Google's quantum chip, Willow, has achieved 105 qubits but still falls short of the 1 million qubits needed to crack Bitcoin's encryption. Despite advancements in quantum computing, experts assert that Bitcoin remains secure for now, though discussions on post-quantum cryptography are becoming increasingly relevant. Countries like the U.S., Bhutan, and El Salvador are exploring Bitcoin as a strategic reserve, with the U.S. holding over 198,000 BTC.
U.Today
United States Dollar Google Inc. BTN USA SLV Alex Dovbnya Richard Teng Show more
Cryptocurrency News, News Article
10:08 10.12.2024
Chainlink experiences surge in adoption with 142 percent increase in addresses
Chainlink (LINK) is experiencing a potential breakout, with a 142% increase in daily active addresses, indicating heightened user engagement. The cryptocurrency has surged over 80% in price since early November, reaching levels not seen since January 2022, and analysts predict it could test the $30 mark if momentum continues. Currently trading at $25.78, LINK's technical indicators suggest bullish momentum, despite recent volatility.
U.Today
Google Inc. Alex Dovbnya Peter Shor
Cryptocurrency News, Market Report
16:40 09.12.2024
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