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Bets Against Bitcoin Miners: One of the Worst Investments in 2023?
The surge in Bitcoin's value this year has been the primary driver of gains in crypto stocks, as their performance is tightly linked to the price of this digital asset.
Grayscale Digital Large Cap Fund, Grayscale DeFi Fund, and Grayscale Smart Contract Platform Ex-Ethereum Fund Announce Rebalancing of Funds for Second Quarter 2023
STAMFORD, Conn., July 07, 2023 (GLOBE NEWSWIRE) -- Grayscale Investments, the world's largest digital currency asset manager, and manager of Grayscale Digital Large Cap Fund (OTCQX: GDLC) (Digital L
Bitcoin, Ethereum, Dogecoin Trade Lower as Fed's Jerome Powell Sings Hawkish Tune, Analyst Says King Crypto 'Wants to Continue Rallying'
Major cryptocurrencies were seen trading lower on Wednesday evening amid hawkish comments from Federal Reserve Chair Jerome Powell.
The US Securities and Exchange Commission is expected to respond to filings from Bitwise, BlackRock, VanEck, WisdomTree and Invesco right before the Labor-Day weekend, according to Bloomberg Intelligence. Regulators can reject, approv...
I would have expected coinbase to be rallying a little harder based off of how the cryptos have been performing over the past couple weeks. Coinbase's chart looks very similar to many others as it is still below the very long term trending resistance level. It is very close and we soon will see a breakout of this level or a rejection.
In the chart directly below you can see the very long term resistance level highlighted by the bold purple line on the top of th...
It is obvious that BTC and other major Alt coins have not had a good go the first half of the year. They fell with most other asset classes on recession fears. They still haven't recovered technically. How will the second half of the year go for the cryptocurrencies. They surely cant go to zero you would think. Unless you believe they will get killed by regulation or just people will lose faith and the market will just dissolve. This may happen to s...
Dogecoin is a cryptocurrency created by software engineers Billy Markus and Jackson Palmer on December 8, 2013.
The Dogecoin was intended as a fun alternative to Bitcoin with uses of crowdfunding social causes or giving online tips.
The main difference between Dogecoin and Bitcoin is that the infinite number of Dogecoins can be produced.
Thanks to Elon Musk, Dogecoin is up more than 800% over the last month. This self-proclaimed "CEO of Dogecoin" never hides his love of Dogecoin, dubbing it "the people's crypto".
Many believe that there is a strong correlation between Musk's tweets and the coin's price movements.
He has talked up the coin over the past few months, including the announcement on May 9 that it'll be used to pay for a new moon mission launched by his SpaceX rocket company next year.
According to CoinMarketCap, last week's surge pushed Dogecoin's market cap to over $70bn, making it become the fourth-most valued coin.
However, after Musk called Dogecoin a "hustle" on Saturday Night Live, Dogecoin lost more than a third of its price on Sunday.
On Wednesday, Elon Musk tweeted again, saying Tesla will stop using Bitcoin as a form of payment over concerns of the cryptocurrency's impact on fossil fuels.
The announcement led the price of Bitcoin to drop over 13%, and Dogecoin plumme...