$350B lost in crypto bloodbath as Bitcoin and Co sink 15–30%
The cryptocurrency market is painted red after numerous coins lost more than 30% in the past 24 hours. The global cryptocurrency market cap lost in excess of $350 billion overnight leading into Wednesday, May 19, as Bitcoin (BTC), Ether (ETH) and a majority of the altcoin market lost between 15–30%.Tuesday night’s plunge leaves the global market cap more than $750 billion worse off than it was this time last week. That figure equates to 30% of the $2.5 trillion peak reached by the combined market cap one week ago on May 12. Bitcoin lost 15% on the day as the coin price sank from $45,632 to....
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I was able to get a sample of the new OneString modular miner. The specs are very good especially when you take power consumption into account. Here are the official specs posted by Ben Turas on BitcoinTalk, whom I interviewed for this review. OneStringMiner board: The OneString Miner boards are designed by Intron and C-scape, two well-known Bitcoin mining board designers. The OSM is based on Bitfury chips, and each board contains 15 chips, hashing 25+ GH/s without heat sink and 30+ GH/s with heat sink. Each board runs from a single 12V supply, using ~25W. The models: The OSM DIY sets,....
Today’s top meme coins have lost 4.8% in value against the U.S. dollar, as the crypto market carnage has wreaked havoc across the entire digital currency economy. While dogecoin had a phenomenal year in 2021, over the past 12 months, dogecoin lost 82.8% against the USD. DOGE Tapped an All-Time High a Year Ago Today, Meme Coin Value Is Down 82% Since That Point Meme coin assets are down this week following the rest of the crypto economy’s downward spiral. Statistics show that dogecoin (DOGE) has shed 14% in value during the past month and 30 day stats show shiba inu (SHIB) is....
Cryptocurrencies’ values have been diving due to the current bloodbath in the crypto market. Likewise, the largest and most popular cryptocurrency, Bitcoin, also continues to lose its value. The coin has consecutively dropped since the year 2022 has turned. Per the statistics provided by Tradingview.com, the market value of the giant Bitcoin was fledging around $883.89 billion on January 1. However, after the continuous downtrend in the value, its market capitalization as of May 10 stands around $568.55 billion. Related Reading | Market Downtrend Trigger Bitcoin Inflows From....
Dogecoin is performing pretty well these days despite pressures from the ongoing bear market. A quick recap: After months of negotiations and threats of lawsuits, Elon Musk finally bought Twitter. On October 27 he uploaded a video with the description “Let that sink in!” and showed himself holding a sink as he entered the social […]
El Salvador has bought the bitcoin dip. Amid a heavy crypto market sell-off, the Salvadoran president announced that his country has purchased 500 more bitcoins. Since El Salvador adopted the cryptocurrency as legal tender, the Salvadoran government has purchased 2,301 bitcoins altogether.
El Salvador Buys the Bitcoin Dip
Amid a crypto bloodbath, El Salvador has bought the dip. The Salvadoran president, Nayib Bukele, announced Monday on Twitter that his country has purchased 500 more bitcoins. “El Salvador just bought the dip! 500 coins at an average USD price of....