Bitcoin Runs Into $50K Resistance as Sellers Step In on Binance, Coinbase
Bitcoin approached the $50,000 level Monday for the first time in more than two years, but selling pressure on exchanges stalled the advance.
Bitcoin approached the $50,000 level Monday for the first time in more than two years, but selling pressure on exchanges stalled the advance.
Potential selling pressure from Genesis, a crypto lender under bankruptcy protection, liquidating its $1.6 billion worth of GBTC holdings could weigh on ETF net inflows and prices in the next months, CoinShares analyst said.
Fourth quarter EBITDA was $99 million versus a loss of $7 million a year earlier.
The latest price moves in crypto markets in context for Feb. 12, 2024.
Solana Mobile’s “chapter 2” smartphone could ship in early 2025.
The country’s central bank does not plan on issuing a retail version of the digital currency.
Nearly 270,000 BTC have been acquired at an average cost of $48,491, as analysis by IntoTheBlock shows.
Spot bitcoin ETFs have amassed more than 192,000 bitcoin in holdings, as of Friday, since their launch nearly a month ago.
The validator entry queue has jumped to 7,045, the highest since Oct. 6, according to veri source ValidatorQueue.
The court will determine the fine Block Earner will have to hisse during a scheduled hearing on March 1, 2024.