Bitcoin is firmly above $70,000, UNI, STRK, and BNB set off a frenzy of altcoins!
On Tuesday, the market price (BTC) rose with market demand, and from Monday to Friday, for more than three weeks,
The governance token (UNI) of the decentralized exchange Uniswap peaked more than 20% on the day after the protocol development organization Uniswap Labs posted a mysterious post on social media, setting off a wave of heat
The Ethereum layer 2 network Starknet token (STRK) also rose by more than 10%, taking action. StarkWare, the development company behind the chain, proposed the vision of using Starknet to expand the Bitcoin network. The token price has recently announced that it is committed to pressure, because about $85 million worth of STR
The native token of the BNB Smart Chain (BNB), originally launched by the cryptocurrency exchange Binance, rose by 7%, close to its historical high price, with a market value of more than $100 billion. The token benefited from increased activity on Binance Launchpool and Launchpad, with its users investing in their
The second-largest crypto asset, Ether (ETH), changed hands around $3,800, up 0.3%, underperforming BTC’s 1.5% gain. ETH rose relative to BTC as cryptocurrency analytics firm K33 Research predicted that the upcoming U.S. spot ETH ETF would see $4 billion in inflows in five months, leading to the price increase.
Several U.S.-listed bitcoin miners recorded sharp gains, with Core Scientific (CORZ) surging 40% after it reached a deal with cloud computing company CoreWeave for managed artificial intelligence (AI) services. CoreWeave also reportedly offered to acquire the company in an all-cash deal for $5.75 per share.
Bitcoin miners lost ground after April’s quadrennial bitcoin halving, which halves mining rewards for beers, the main source of income for beers miners. This suggests that small mining companies could become acquisition targets as consolidation in the industry heats up or are expected to ride the red-hot AI trend.
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