The CEO of #Crypto.com considers the recent correction of Bitcoin as a positive sign 🔥‼️
Chris Marsalek, CEO of Crypto.com, told CNBC that the recent drop in the price of#Bitcoinwas a healthy correction and a positive sign in the market. #BTC #CryptoNews🚀🔥 #HotTrends
Bloomberg Chief Commodity Markets Strategist Mike McGlone says Bitcoin is becoming a global alternative currency.
However, McGlone warned that as the price of Bitcoin nears the $70,000 level, it could be at a time when the US stock market is in a slump; A key and big test will happen for this digital currency.
Bitcoin Dominance refers to the ratio of Bitcoin to the entire cryptocurrency market. Specifically, Bitcoin Dominance represents the market share of Bitcoin in the total set of cryptocurrencies. Bitcoin dominance is calculated as a percentage and shows the market value of Bitcoin compared to the entire cryptocurrency market.
Typically, when Bitcoin Dominance is high, it means that Bitcoin has more market share than other cryptocurrencies. This could indicate more demand for Bitcoin or a major drop in the value of other cryptocurrencies.
On the other hand, Bitcoin's declining dominance indicates that other cryptocurrencies have captured more of the market than Bitcoin. This may mean the growth and development of other cryptocurrency networks or instability in the value of Bitcoin.
Therefore, Bitcoin Dominance can be used as an indicator for an overall view of the cryptocurrency market and analysis of the behavior of the cryptocurrency market. #Portal #BTC #Eth's_ETF
🔥Could #Teter, Issuer of Stablecoin Tether (#USDT), Stop Supporting the#TronNetwork?
#Teter, the#stablecoinissuer, has given a definitive answer on whether it will stop supporting the#Tronnetwork after rival Circle stopped minting its stablecoin on the#blockchainon Tuesday, February 20. He didn't
📌#Binancefreezes 4.2 million dollars of stolen#ripplesfrom Chris Larsen ‼️
The Binance exchange announced that yesterday it blocked about 4.2 million dollars of stolen Ripples from the wallet of Chris Larsen, one of the founders of Ripple.
Richard Teng, the CEO of Binance, said that the exchange will continue its investigations and efforts to recover the remaining funds.
During this hack, about 112 million dollars were stolen and Binance has blocked only 3.75% of these funds.
$BTC News of#digitalcurrency markets 📌#Litecoinhas reached its highest#hashrate🔥‼️
🔸 According to the network data report,#Litecoinhash rate has reached its highest level at the moment. Hashrate is a measure of computing power used to secure and process transactions in the blockchain network.
A higher hash rate indicates that the network is more secure and resistant to attacks, and more miners participate in it. #sanor016 #BTCbullish #CZBinanace