Bitcoin was trading lower on Thursday, ahead of tomorrow’s monthly nonfarm payrolls (NFP) report. The U.S. labor market has recently shown signs of slowing, following data this week reporting that nationwide job openings had fallen. Ethereum also dropped on the prospect of the NFP report, which is expected to come in at 250,000 jobs. Bitcoin After yesterday’s rebound in price, bitcoin (BTC) was back in the red on Thursday, as markets prepared themselves for tomorrow’s nonfarm… Source link

As use cases for blockchain technology increase, the number of related projects and associated cryptocurrencies are becoming more abundant too. While this may sound like momentum toward a future governed by user autonomy, it is not without concern in today’s Web3 landscape. As more blockchain ecosystems emerge, the challenge of navigating them becomes increasingly complex — one has to jump between multiple wallets, bridges and exchanges. Seemingly, the answer is straightforward: Turn the… Source link

Text size Bitcoin and other cryptos remain far below their November 2021 all-time highs, but prices have come roaring back recently. Dreamstime … Source link

People have been feeling the heat of falling prices throughout 2022. Even after the recent rebound, exchange balances have been rising while the top non-exchange balance continues to decrease. Stacking up It is no secret that crypto prices have dropped ridiculously over the first half of 2022. Like other cryptocurrencies, ETH is seeing a rise in supply held on exchanges. According to the analytic firm Santiment, traders have been actively dumping their holdings on to large… Source link

Microstrategy (MSTR) has “outperformed every asset class and big tech stock” since the company adopted a bitcoin strategy and started accumulating the cryptocurrency in its corporate treasury, says CEO Michael Saylor. The pro-bitcoin executive will be stepping down as the CEO of Microstrategy and take the role of the company’s executive chairman to focus on bitcoin. Microstrategy’s Performance Since Adopting Bitcoin Strategy The Nasdaq-listed software company Microstrategy… Source link

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Ether (ETH) price is up 60% since May 3, outperforming leading cryptocurrency Bitcoin (BTC) by 32% over that span. However, evidence suggests the current $1,600 support lacks strength as network use and smart contract deposit metrics weakened. Moreover, ETH derivatives show increasing sell pressure from margin traders. The positive price move was primarily driven by growing certainty of the “Ethereum merge” transition to a proof-of-stake (PoS) consensus network in September. During the… Source link

Monero achieves a low risk analysis based on InvestorsObserver research. The proprietary system gauges how much a coin can be manipulated by analyzing much money it took to shift its price over the last 24 hour period along with analysis of recent changes in volume and market cap. The gauge is between 0 and 100 with lower scores equating to higher risk while higher values represent lower risk. InvestorsObserver is giving Monero a low… Source link

Text size Crypto prices have been on a tear over the past month, with Bitcoin gaining almost 25%. Dreamstime … Source link

According to the data from Cryptoquant, Bitcoin miners now own more BTC than ever before. The analytics firm confirmed that BTC holdings of miners drastically increased in the month of July. This comes amid a broader market recovery that was witnessed in July. According to CryptoQuant contributor and analyst Jan Wuestenfeld, miners now hold a total of 1,865,272 BTC, as of the 29th of July. However, the beginning of August did see a slight decline, with total holdings coming in at… Source link