$2.4 Billion Worth Of Bitcoin Exit The Network As Bear Market Bites
The Bitcoin market is experiencing a wave of uncertainty as a recent analysis by CryptoQuant reveals a significant shift in investor behavior. Roughly $2.4 billion worth of Bitcoin, likely acquired by investors this year, has moved within the network, sparking debate about the reasons behind the exodus. Related Reading: Bear Market Bites: Chainlink Loses 10%, Further Downturn To $6.80 Feared Short-Term Jitters Drive Sell-Off Experts believe these outflows are driven by short-term investors who made a foray into the market in early 2023. Back then, anticipation surrounding Bitcoin....
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Blockchain.com has announced on Thursday that it was slashing a quarter of its global workforce, multiple sources disclosed. The Luxembourg-based cryptocurrency exchange had swiftly grown during the bull market, hiring 450 new employees over the course of 16 months. As the bear market continues to wreak havoc, the company has decided to reverse course, laying […]
The winds of change might be blowing for Polkadot (DOT), a popular blockchain network for connecting different blockchains. After a rough couple of months marked by a nearly 50% price decline from its April peak, DOT is exhibiting signs of a potential resurgence. This positive outlook stems from a confluence of three key factors: whispers of a DOT-focused exchange-traded fund (ETF) on Coinbase, a bullish technical chart pattern, and healthy levels of liquidity in the market. Related Reading: $2.4 Billion Worth Of Bitcoin Exit The Network As Bear Market Bites ETF Buzz Ignites Investor....
The NEAR Protocol blockchain is seeing an increase in in user activity, sparking a great deal of positive vibe for its future. Transaction volumes and active addresses have been up in recent months, pushing the protocol up into the spotlight of the cryptocurrency community. Market observers point to several factors driving this growth, including the protocol’s focus on scalability, low fees, and its ambitious foray into artificial intelligence (AI) integration. Related Reading: $2.4 Billion Worth Of Bitcoin Exit The Network As Bear Market Bites Active Users Flock To NEAR Scalable....