Bitcoin/USD Coin Metrics

Bitcoin’s trading activity awakens after two weeks of dormancy due to Moody’s downgrade impacting the U.S. banking industry

Cryptocurrencies experienced a widespread rise on Tuesday, contrasting with the performance of the stock market. This surge came after Moody’s, the ratings agency, placed the U.S. banking sector under watch. Bitcoin, the leading cryptocurrency, saw a 2.89% increase in value, reaching $29,785.88, according to Coin Metrics. Interestingly, Bitcoin had remained relatively stable for 14 consecutive …

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Prague Institute of Crypto Anarchy: Visions of Economic Transformation

Paralelní Polis in Prague, Czech Republic was the site of ETHPrague 2023. The venue holds significance as it was once the location where Czech guerrilla artists from Ztohoven performed a prank in 2007. During a live television broadcast, they hacked into a webcam and faked a nuclear bomb detonation. This was just one of many …

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Bitcoin price drops below $29,000 as cryptocurrencies experience a downward trend in early August

In the crypto market, the start of the new month brought some challenges. Investors are carefully considering the risks associated with the recent DeFi hack and a federal court decision regarding the classification of crypto assets as securities. Bitcoin, according to Coin Metrics, remained relatively stable on Tuesday at $29,271.90, temporarily dropping to $28,800 earlier …

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Increasing Institutional Demand Propels Bitcoin to a 13-Month High

Bitcoin touched a 13-month high on Thursday as the drumbeat for institutional bitcoin demand grew louder following comments from BlackRock CEO Larry Fink. The cryptocurrency ended the day flat at $30,302.03, according to Coin Metrics. Early in the morning, it climbed to about $31,450, reaching its highest level since June 2022. However, it gave back …

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Despite previous rejections, WisdomTree remains committed to Bitcoin ETF.

WisdomTree, in an attempt to stand out from its unsuccessful peers, is seeking to launch a spot bitcoin exchange-traded fund (ETF). Last week, the firm submitted an application to the U.S. Securities and Exchange Commission (SEC), marking its second attempt at a bitcoin ETF after being rejected two years ago. Jeremy Schwartz, the global chief …

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Thin liquidity contributes to 12% rise in Bitcoin (BTC) this month

Bitcoin has experienced a significant rally this month, surpassing a 12% increase since the start of June. The digital currency reached a price above $30,000 on Wednesday, its highest level since April 14. While some attribute this jump to the news that BlackRock had filed for a bitcoin exchange-traded fund, there’s another factor at play: …

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