News Bit: Ethereum Price Update: Ether Loses Shanghai Gains as Bitcoin Slumps 10%
Ether erases gains from Shanghai upgrade as Bitcoin faces a 10% drop in a week. Discover the factors behind these price movements.
News Bit: Ethereum Network Completes Shapella Hard Fork, Enabling Staking Withdrawal Capabilities
Discover the impact of Ethereum’s Shapella upgrade as it enables staking withdrawals and rewards for validators, completing the network’s transition to a proof-of-stake consensus mechanism.
News Bit: Bitcoin Hits Past $27,800, Up 65% Amid U.S. Banking Crisis
Bitcoin reaches a 9-month high, closing at $27,467, driven by a banking crisis in the United States and issues with multinational banks like Credit Suisse. Analyst Markus Thielen sets the next price target for Bitcoin at $28,000 as the cryptocurrency gains momentum amid the ongoing banking crisis. Price data are accurate as of March 18…
News Bit: Bitcoin Price Flat as Credit Suisse and More Bank Liquidity Becomes Major Concern of the Market
Bitcoin closed Wednesday at $24,471, which is just a slight 0.32% increase from the previous day.
News Bit: USDC Depegs From One Dollar
What Happened Circle Internet Financial’s USDC stablecoin, the second-largest stablecoin with a market cap of $42 billion, temporarily lost its peg to the U.S. dollar due to contagion from the collapse of Silicon Valley Bank. The USDC/USDT trading pair dropped as low as $0.94 on Kraken, the lowest price since April 2021, but recovered to…
News Bit: Bitcoin Briefly Plunges Below $20k as Crypto Rally Reverses Course
Bitcoin hovers below $20,000: Bitcoin recently dropped in value and briefly went below $20,000. This happened after U.S. President Joe Biden made an announcement about the country’s budget, which caused some uncertainty in the cryptocurrency market. Additionally, a bank called Silvergate, which provides services to companies that use cryptocurrency, announced that it was going out…