đź‘‹ Want to work with us? CryptoSlate is hiring for a handful of positions! Using data from CryptoQuant, YouTuber Lark Davies tweeted that the number of Bitcoin flowing into exchanges is at its highest “since the bear market bottom of 2018.” Daves added that market lows always seem to be met with panic selling. #bitcoin…
Fed hikes interest rate by 75 basis points; Bitcoin continues to trade above $20,000
đź‘‹ Want to work with us? CryptoSlate is hiring for a handful of positions! The Federal Open Market Committee has raised interest rates by 75 basis points, increasing the primary credit rate to 1.75%. The crypto markets remained largely stable following the news as the rate hike had been hinted at in media reports. BTC/U.S…
BitMex Founder Arthur Hayes highlights danger of further decline in Bitcoin, Ethereum prices
đź‘‹ Want to work with us? CryptoSlate is hiring for a handful of positions! BitMex co-founder Arthur Hayes said that a further dip in Bitcoin (BTC) and Ethereum (ETH) prices below their current threshold could be disastrous for the market. Hayes tweeted that if Bitcoin’s price should fall below the $20k mark, there would be…
Celsius CEL price spikes 500% in 30 minutes before crashing down 75%
đź‘‹ Want to work with us? CryptoSlate is hiring for a handful of positions! The native token of the Celsius (CEL) exchange just jumped over 500% from $0.33 to $2.56 in a matter of minutes. The token, which had been climbing steadily throughout the day, saw a massive spike in volume and rocketed to the…
Ethereum mining no longer profitable for many miners as energy prices and ETH dip cause perfect storm
đź‘‹ Want to work with us? CryptoSlate is hiring for a handful of positions! For the first time since 2020, Ethereum mining has become unprofitable for many miners connected to a traditional energy grid. The price of Ethereum has dropped below $1,250 while energy prices are skyrocketing. The average cost of electricity in states such…
Bitcoin mining equipment older than 2019 reaches shutdown price
đź‘‹ Want to work with us? CryptoSlate is hiring for a handful of positions! As Bitcoin fell as low as $22,600, some mining equipment manufactured in 2019 is no longer profitable, while the rest is barely producing positive returns. Bitcoin (BTC) mining company Bitdeer posted a chart on Twitter showing the price limits for each…
Floor price of blue-chip NFTs tank as sales volume decline
đź‘‹ Want to work with us? CryptoSlate is hiring for a handful of positions! The bear market is starting to take a toll on non-fungible tokens (NFTs) as some of the most valuable collections in the space have seen their values decline due to the reduced demand in the past few months. According to data…
MicroStrategy’s shares plunge in massive rout of crypto-related stocks
đź‘‹ Want to work with us? CryptoSlate is hiring for a handful of positions! The latest crypto market crash has seen the stocks of crypto-related companies take a sharp dive. Business intelligence company MicroStrategy’s (MSTR) stock led the selloff, plunging 28% in premarket trading today. This is the largest drop in the company’s stock over…
Plummeting crypto markets see no reprieve as Bitcoin loses $23,000
đź‘‹ Want to work with us? CryptoSlate is hiring for a handful of positions! Bitcoin (BTC) sees a 16% drop in value on Monday, taking the market leader below $23,000 for the first time since December 2020. Although bulls successfully defended $25,000 in the early hours of Monday, a continuation of sell pressure led to…
Total crypto market cap falls below $1T for first time since January 2021
đź‘‹ Want to work with us? CryptoSlate is hiring for a handful of positions! The total global market cap of all cryptocurrencies has dropped below $1 trillion for the first time since January 31, 2021. The value dipped below the milestone in the early hours of June 13 by around $6 billion, taking the total…