Binance Blockchain Week 2022: Day 3 Highlights

At the time of the call, the digital assets had a market value of $2.2 billion. Additionally, the stock price has climbed from a 52-week low of just $90 to over $600 in after-hours trading at time of writing. Unsurprisingly, Le asserted that MSTR plans to continue to acquire additional Bitcoin as part of its overall corporate strategy.

  • This day began at $477, marking a 0.63% decline from the opening price on September 2.
  • Bitcoin again bifurcated from the equity markets on Friday, surging as high as a 17% 24-hour gain at one point while the Dow, S&P 500, and NASDAQ were all down about 2%.
  • The Philly rapper asked his fans to open Ethereum addresses in order to be able to listen to his music, suggesting that he may mint the album on the blockchain.
  • Just as with any other investment, cryptocurrency buyers should be aware of their risk tolerance and market conditions.

If donations are your thing, you’ll have no trouble spending your Bitcoin for a cause. While online casinos aren’t for everyone, they are a good avenue to spend your Bitcoin. Depending on the platform you choose, there can be exciting rewards and cashback for using Bitcoin or any other cryptocurrency. BSC News The latest Binance Smart Chain crypto news covering developing stories. Dive Into Decentralized Finance Ben Antes’ column which dives into various DeFi topics & strategies.Monday Market Recap Greg Gotsis’ technical market report revolving around Crypto and DeFi.

A suspected hacker transferred $477 million in cryptocurrencies from FTX on Nov. 12 and swapped them for Ethereum, according to Blockchain analysis firm Elliptic. The hacker began dumping the Ethereum for Bitcoin on Monday, sending the price lower. The crypto market capitalisation fell below $1.1 trillion on 19th August 2022. For most of the week, the indicator has stayed above the $1 trillion mark, according to CoinMarketCap. On 31st August 2022, its market share fell to almost 39%, for the first time in more than four years. It is noteworthy that the first cryptocurrency is losing its market position to stablecoins rather than altcoins.

Consumer prices in the US have eased for five successive months, with economists estimating a sixth consecutive slowdown in prices to 6.5% in the 12 months to December. Another noteworthy data point to keep an eye on is preliminary consumer sentiment from the University of Michigan. Despite signs of easing inflation pressures in the US—June’s 9.1% reading appears to be the peak—Federal Reserve officials continued to call for interest rate increases to bring inflation back to the central bank’s 2% target. The FOMC meeting minutes released on Wednesday revealed that the Fed remains data dependent, though made it clear that although the pace of tightening has slowed the central bank remains committed to fighting inflation. In light of the Fed’s comments, and the recent US jobs data, further rate hikes remain on the table at this point.

TRON (TRX) Kicks Off 2023 With 4.6 Billion Of The Total Transactions Exceeded

BTC decreased considerably during the week of Nov 22-28, leading to a low of $53,256 on Nov 28. However, a bounce began the same day and BTC closed the week just above $57,000. This led to the creation of a long lower wick, which is considered a sign of buying pressure. Longer term, however, the trend for the S&P 500—an index tracking the performance of approximately 500 large-cap US companies—has faced south since 2022. The late pullback from a low of 3,491 (approximately 17%) discovered strong technical headwinds in December last year, in the form of two trendline resistances, taken from highs of 4,818 and 4,637, respectively.

Bitcoin Weekly Recap Week

The question before the district court was whether the receipt of staking rewards generates taxable income at the date the rewards are received. Jarrett argued that the government didn’t have the right to tax tokens he staked before the tokens were sold or exchanged. In court filings, Jarrett analogized his position to that of a baker who bakes a cake or an author who writes a novel before the baker or the author actually sells their creations.

Is This What the Bitcoin (BTC) Price Bottom Looks Like?

The most noteworthy thing is its 24 hours trading volume, which is currently on the rise by almost 115.84%. Over the past week, the crypto market has been relatively stagnant, with Bitcoin and Ethereum failing to make significant gains. However, some alternative coins have seen a steady recovery during this time.

The price remained fairly flat for the majority of the day, however, staying in the low-to-mid $480s until 6 PM, when the price plunged from $482 at the top of the hour to $473 at the close of the hour. The price recovered slightly from that sharp drop, though, and the day ended at $480. This week we have chart analysis for Ethereum, Ripple, Cardano, Tron and Shiba Inu – click here for full price analysis.

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