Bitcoin difficulty just plunged 11% but a projected rebound next week may decide miners’ fateThe biggest drop since 2021 is backward-looking, and CoinWarz’s projected 12% snapback will confirm if miners are returning.
Happy Friday!Bitcoin's mining difficulty just cratered 11%, its biggest plunge since 2021, with a projected 12% rebound next week that could seal miners' fates, Cardano unlocks a potential $80B omnichain asset pipeline via LayerZero without touching its core, and Binance faces "bank run" whispers after a $40B reserves drop, even as its BTC stash swells to 655k. Dive into the full stories below. The global crypto market cap is $2.36 trillion, with a 24-hour volume of $102.5 billion. The price of Bitcoin is $69,113.67, and BTC market dominance is 58.5%. The price of Ethereum is $2,068.45, and ETH market dominance is 10.5%. The best-performing sector is Cannabis, which gained 15%. The Crypto Fear & Greed Index is currently Extreme Fear (9). 📰 Top News
Bitcoin difficulty just plunged 11% but a projected rebound next week may decide miners’ fateThe biggest drop since 2021 is backward-looking, and CoinWarz’s projected 12% snapback will confirm if miners are returning. New Cardano deal opens a path to $80 billion in omnichain assets, but liquidity still isn’t guaranteedBy leveraging LayerZero’s cross-chain messaging, Cardano seeks to expand its DeFi ecosystem without altering its core architecture. Binance bank run? Reserves show a $40B drop yet Bitcoin holdings rose to 655k BTC, so what changed?Binance over-collateralization narrative aims to distance itself from traditional financial practices amidst rumors.
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About CryptoSlateCryptoSlate is a comprehensive and contextualized source for crypto news, insights and data. Since 2017, CryptoSlate has been a go-to destination for the fast-moving and nascent digital assets space. Our coverage focuses on Bitcoin, Ethereum, macro, DeFi, AI, and web3. Our goal is to provide an all-encompassing overview of the crypto asset market and the technological trends shaping it. Our mission at CryptoSlate is to decode the complexity of digital assets and showcase their potential to transform society by providing accessible, reliable information and analysis. We're committed to differentiating our news coverage by telling original stories and providing alternative points of view. Questions, Comments?Get in touch with us here. Connect with UsTelegram • X • Google News • LinkedIn • Instagram
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