NFT News by Thebittimes.Com

The ongoing crypto market rally has – despite stagnating as Bitcoin (BTC) struggles to reclaim the critical all-time high (ATH) level of $73,000 – lifted multiple cryptocurrency stock s into the stratosphere. Few are as notable as Coinbase (COIN) – the world’s largest publicly-traded crypto exchange – which is up 63.81% year-to-date (YTD), and Michael Saylor’s MicroStrategy (NASDAQ: MSTR) – long held as the price way for investors to gain exposure to Bitcoin without holding BTC – which surged 120.83% since January 1. Cryptocurrency miners have, however, seemingly failed to benefit from the bull market so far though with the upcoming halving, their fortunes might soon change.  Picks for you R. Kiyosaki issues stark warning: Inflation is ‘eating American families alive’ 5 mins ago Machine learning algorithm sets Cardano price for April 30, 2024 8 mins ago Bitcoin is ‘bad for dictators’ says the Human Rights Foundation 15 ...

Despite significant steps in the acceptance of cryptocurrency and blockchain technology in the world of mainstream finance, investors are still somewhat reluctant to invest in stock s in this domain. However, this blockchain stock is quietly outperforming the market and, therefore, many first-choice investing assets. The blockchain stock currently beating the market is Cipher Mining (NASDAQ: CIFR), a technology company devoted to industrial-scale Bitcoin (BTC) mining data centers located throughout the United States. Although it was incorporated as recently as 2020, its stock value is somewhat volatile but steadily increasing, achieving a price hike of 100% . About Cipher Mining Cipher Mining, Inc. (NASDAQ: CIFR ) is an American technology company dedicated to expanding and enhancing critical Bitcoin blockchain infrastructure with industrial-scare Bitcoin mining data centers. Founded in 2020 and based in New York, Cipher Mining operates four Bitcoin mining rigs in Te...

A popular Bitcoin price model returns to center stage as BTC’s next halving approaches. Bitcoin is struggling to reclaim its psychologically important level of $30,000 as analysts predict that choppy accumulation may last for months. Bitcoin (BTC) soared to a new yearly high of over $31,800 on July 13, driven by optimism surrounding the potential approval of exchange-traded funds (ETFs) in the United States and Ripple’s landmark legal victory in its case against the U.S. Securities and Exchange Commission regarding the classification of XRP (XRP) as a security. However, five days after the pump, BTC closed below $30,000 as buyers struggled to push the price back above the crucial support level. Despite Bitcoin’s price showing weakness in the short term, historical on-chain movements and empirical data suggest that the worst days of the bear market are likely over. Long-term holders are unmoved, but short-term investors could sell Glassnode’s latest report shows that Bitcoin’s price ac...

Author: @0xMavWisdom There has been a magical World Cup spell in traditional financial markets, where the markets perform poorly during most World Cups, and this effect still holds true in the cryptocurrency market. From a year-to-year perspective, the poor performance of the cryptocurrency market during the World Cup year may be related to the fact that the deleveraging cycle after the inherent bubble of the market coincides with the hosting cycle of the World Cup (every four years); In terms of months, the cryptocurrency market during the 2014, 2018 and 2022 World Cups all performed poorly. The poor performance of the cryptocurrency market during this World Cup was especially reflected in the recent slump of tokens of football fans represented by LAZIO and PORTO. During the World Cup, the performance of the cryptocurrency market is like a poisonous spell imposed on it, with the fan Token of the corresponding team plummeting before the start of the tournament, and even goals becoming ...