Bitcoin’s price movements on Nov. 26, 2024, paint a clear picture of bearish momentum in the short- and mid-term, with a pivotal support zone at $ 92,000 under close scrutiny. Bitcoin On the 1-hour chart, bitcoin‘s descent is evident, marked by a consistent pattern of lower highs and lows. A bold red candlestick sliced …
Tether Holdings Limited reported a record-breaking net profit of $ 5.2 billion for the first half of 2024, according to its latest assurance opinion for the second quarter. The report, conducted by BDO, highlighted Tether’s increased exposure to U.S. Treasury bills and a significant rise in group equity. Tether Reveals Mid-Year Financials The largest …
Ryan Selkis, founder of Messari, has stepped down as CEO, following controversial social media posts. He will transition to Senior Advisor, while Eric Turner takes over as interim CEO. “This week was the first week in 6.5 years that my politics and rhetoric put the team in harm’s way,” he stressed. Ryan Selkis Resigns as […]
Core Scientific announced a significant recovery in its financial performance for the first quarter of 2024, reporting a net income of $ 210.7 million, a stark contrast to the net loss of $ 0.4 million from the same period last year, driven by an increase in Bitcoin mining and hosting services. The company …
While precious metals, stocks, and cryptocurrencies saw a significant downturn this week, the U.S. dollar tapped a 20-year high against the Japanese yen and a number of other currencies. The greenback has seen five weeks of consecutive gains following the Federal Reserve’s 50 basis point rate hike on Wednesday. Greenback Climbs Higher Amid Economic …