Source: Quantify Crypto Industry NewsĬOTI said it will undergo a hard fork that will see the deployment of MultiDAG 2.0 on its mainnet.Īmid the ongoing market crash, OpenSea joined other large industry companies in laying off a substantial chunk of its employees.Ĭircle, the issuer of the second-largest stablecoin, disclosed its reserves providing their liquidity and availability. With most of the lower- and mid-cap alts performing in a similar fashion, the cumulative market cap of all crypto assets has added over $50 billion in a day and sits well above $900 billion.
Ripple, Dogecoin, Polkadot, Shiba Inu, and Avalanche are also well in the green, while BNB, ADA, and TRX have charted more modest gains. As a result, SOL sits close to $40, while MATIC is at $0.7. Similar impressive gains come from Solana and MATIC from the larger-cap alts. Get the latest on stocks, commodities, currencies, funds. This comes as the 9th Merge shadow fork went live. A stock market site by Business Insider with real-time data, custom charts and breaking news. The second-largest cryptocurrency is up by more than 11% on a daily scale and trades north of $1,200. The alternative coins have turned green today, with ETH leading the way. JPM analysts said the BTC production cost declined 50% in June, which could be a bearish sign for the asset. Shop tailored dresses, tops, pants and accessories. Thanks for subscribing, you will get your first report in the next hours!īitMEX co-founder Arthur Hayes believes the US will start printing money sooner rather than later, which is ultimately bullish for bitcoin. White House Black Market offers polished black and white womens clothing with pops of color and patterns. New data showed that BTC’s correlation with the US stock market had declined significantly lately to a yearly low. Even before todays rally I made the case that the price action was pretty resilient given the amount of negative news flow that the market needed to digest. As such, its market cap is now at nearly $400 billion, but the dominance over the alts has been reduced to 42.5%. It even added almost $1,000 more and currently sits close to $21,000. However, this was short-lived as the bulls returned to the scene.īitcoin jumped to $20,000 yesterday, and although it failed to reclaim it decisively at first, it did so in the past 12 hours. Once the US outlined its latest record-setting CPI numbers earlier this week, BTC experienced volatility once more and dropped below $19,000. In a matter of days, the asset fell to and below the coveted $20,000 line.
Bitcoin Targets $21KĪfter the middle of last week, in which the primary cryptocurrency jumped to a multi-week high of $22,500, the landscape turned grim.
The show gave viewers the latest business news during the morning trading session. It was replaced by Midday Call on Feb 4, 2002. The altcoins have also turned green today, led by Ethereum’s massive double-digit surge. Market Watch is a show on CNBC that aired from 10AM to 12noon ET, hosted by Martha MacCallum and Tyler Mathisen, and Bob Sellers and Consuelo Mack. Following the recent volatility, bitcoin went on a run-up and jumped above $20,000.