Bitcoin’s Surge Creates Around 1,500 Millionaire Wallets Daily
Bitcoin’s recent surge to new all-time highs is creating a fresh wave of crypto millionaires, with around 1,500 wallets joining the seven-figure club each day.
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Bakkt Secures $37.6M Capital Injection to Fuel Turnaround Efforts
Crypto infrastructure firm Bakkt has completed a $37.6 million securities purchase agreement, providing a much-needed cash infusion to support its turnaround efforts and drive profitability after warning investors of a cash crunch last month.
XRP Rallies on Rebounding Crypto Demand and SEC Scrutiny
XRP gained 3.34% on Wednesday, partially reversing Tuesday’s losses, as demand for Bitcoin and the broader crypto market rebounded, aided by positive comments from Fed Chair Powell and increasing scrutiny over the SEC’s actions in crypto-related cases.
Hut 8 Shuts Down Canadian Bitcoin Mining Farm Over High Energy Costs
Crypto miner Hut 8 is closing its Bitcoin mining site in Drumheller, Alberta due to elevated power prices and voltage problems despite the facility accounting for just 1.4% of its total hash rate.
Bitcoin’s Meteoric Rise Inevitable, But Spot ETFs Turbo-Charged the Rally, Experts Say
Bitcoin (BTC) reached a new all-time high above $69,000, just two months after the approval and launch of several spot Bitcoin ETFs, raising questions about whether the ETFs accelerated this bull run.
Can Ether’s Price Blast Past $4,800 This Cycle?
Ether (ETH) price surged 13% in a week, nearing $4,000, but derivatives data suggests an overheated market. While a new all-time high above $4,800 is possible, excessive leverage from traders poses a risk of forced liquidations. The potential approval of a spot ETF fuels bullishness, but overconfidence could undermine sustainability.
Solana (SOL) Becomes 4th Largest Crypto After Rallying Past $140
Solana (SOL) jumped over 7% to become the 4th biggest cryptocurrency by market cap as it climbed above $140 amid Bitcoin’s latest rally toward a new all-time high price.
Dogecoin Whales Drive 150% Rally as Price Eyes $0.30 Milestone
Dogecoin (DOGE) price has rallied over 150% in the past week, reaching a three-year high above $0.20.
Litecoin Price Analysis: Bullish Trend and Technical Indicators
Litecoin has displayed a positive trend recently, gaining 27.37% in the last 30 days. The medium-term trend for Litecoin has been bullish, with LTC increasing by 17.22% in the last 3 months.
Ethereum Crosses $3,600 Mark, Causing Massive Spike in Gas Fees
Ethereum gas fees spiked to new highs exceeding $300 for basic transactions as ETH topped $3,600, driven by surging NFT and DeFi activity ahead of next month’s fee-reducing upgrade.