Crypto

Morgan Stanley has raised concerns about the potential decline of the U.S. dollar’s dominance due to the increasing interest in digital currencies. Meanwhile, JPMorgan has warned of a potential bitcoin selloff, anticipating a $3 billion outflow from Grayscale’s Bitcoin fund. The profitability of Bitcoin’s SHA256 algorithm in mining operations has significantly improved, now ranking as the…

In the span between Jan. 20 to Jan. 27, 2024, there was a notable decline in the sales volume stemming from non-fungible tokens (NFTs), plunging 21.25% from the week before. The leading blockchains in seven-day sales, Ethereum and Bitcoin, experienced substantial decreases, ranging from 28.78% to 12.62%, respectively. NFT Market Faces Sharp Decline At the onset of 2024, NFT sales dipped by 1.31%…

Statistics reveal that Grayscale’s Bitcoin Trust (GBTC) has offloaded a further quantity of bitcoin, with the fund’s holdings decreasing from Tuesday’s 552,681.22 bitcoin to Wednesday’s total of 536,694.93 bitcoin. Over the last day, the fund experienced an outflow of 15,986.29 bitcoin, as per data from the official website. Grayscale’s Bitcoin Trust Reduces Holdings by Over 15,900…

Bitcoin’s price dynamics on Jan. 24, 2024, present a complex picture of market fluctuations and investor sentiment. With crypto prices oscillating between $39,878 and $40,069 in the past hour and a broader 24-hour range of $38,505 to $40,515, the cryptocurrency exhibits notable volatility. Bitcoin Bitcoin’s market capitalization stands at $785 billion, with a 24-hour trade volume of $27.02…