Market Wrap: Bitcoin Faces Long Odds in Bid for Sixth Straight Monthly Gain

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Bitcoin rose 7%, reversing the past few days’ losses, as some blockchain data turned bullish and new signs emerged of increasing cryptocurrency acceptancer by Wall Street firms including Goldman Sachs, Citigroup and Fidelity Investments. Bitcoin (BTC) trading around $48,593.99 as of 21:00 UTC (4 p.m.ET).Climbing 8.10% over the previous 24 hours. Bitcoin’s 24-hour range: $44,874.92-$49,520.72…

Market Wrap: Bitcoin Faces Long Odds in Bid for Sixth Straight Monthly Gain – CoinDesk – CoinDesk

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(https://glassnode.com/) Source: Glassnode The sudden move higher following last week’s 21% plunge – the biggest market correction since March 2020 – was foretold by some traders and analysts who were seeing increasingly bullish signs in blockchain data.One such indicator, the spent output profit ratio (SOPR), represents the profit ratio of coins moved on the blockchain.If…

Cardano transitions to multi-asset blockchain amid ADA price surge

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Cardano transitions to multi-asset blockchain amid ADA price surge Cardano blockchain, a so-called ‘Ethereum killer,’ completes its Mary hard fork upgrade as ADA becomes 3rd largest cryptocurrency behind bitcoin and ether.Image: QuoteInspector , CC BY-ND 4.0 Blockchain platform Cardano — whose cryptocurrency ADA surged past Binance Coin, Polkadot and Tether over the weekend to become…

What You Need to Know By CoinQuora

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Cardano Mary Upgrade: What You Need to Know successfully implemented the Mary hard fork last night.What benefits will the upgrade add to the Cardano blockchain? How has the hard fork affected ADA price? The wait is finally over: Cardano has successfully implemented the Mary hard fork.Here are a few key Goguen Mary features to help…

NFT Art Boom Is the Same Concept as the Photography Market – Bloomberg

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Photo Illustration by 731.Photos: Getty Images (2).Shutterstock (1).Photo Illustration by 731.Photos: Getty Images (2).Shutterstock (1). Four months after Pablo Rodriguez-Fraile spent nearly $67,000 on a digital artwork of Joe Biden and Donald Trump in the nude, the piece had transformed.Designed to respond to election results , it had morphed into a naked, graffiti-covered Donald Trump…

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