JPMorgan says Bitcoin is showing ‘weakness’ as fund inflows fallThe global crypto market cap is $2.08 trillion with a 24-hour volume of $201.56 billion. The price of Bitcoin is $56,229.66 and the BTC dominance is at 50.6%.
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by Shaurya Malwa Analysts at US bank JPMorgan say the Bitcoin (BTC) market is showing signs of weakness, as per a report on financial news outlet Bloomberg. The asset endured a nearly 10% drop over the weekend in a move that saw $10 billion in liquidations across the entire crypto market, of which $5 billion originated from Bitcoin trades alone. Ad 📈 Earn 8% APY on Bitcoin & 9 more crypto assets and 12% on Fiat & Stablecoins. Compounding interest, paid out daily. More news ⏬Chainlink price feeds are coming to the Karura parachainKarura, the decentralized finance (DeFi) parachain built for Kusama by Acala, will integrate Chainlink Price Feeds. Institutional investments in Ripple’s XRP nearly doubled last weekRipple-issued token XRP has been the most popular altcoin among institutional investors as the assets under management (AUM) in related financial assets nearly doubled, a report published by asset manager CoinShares earlier this week showed. Data shows NFT sales fell 40% last week amidst market pullbackThe latest mania surrounding non-fungible tokens (NFTs) is seemingly cooling off as sales revenues have decreased nearly by half in just one week, blockchain data and news outlet PANews pointed out today. You can now pay for a WeWork office using Bitcoin and other cryptocurrenciesUnited States real estate firm WeWork, which provides office and work solutions, announced it now accepts Bitcoin, Ethereum, USD Coin, Paxos, and other cryptocurrencies as payment for its services. Here’s why ‘virtual land’ NFTs are selling for millions of dollars on EthereumJapanese videogame maker Atari says it plans to launch its own non-fungible token (NFT)-based virtual world, as per a report on news outlet Reuters today. You can now trade Coinbase (COIN) options on the NASDAQNasdaq traders can bet on the future share prices of Coinbase Global (COIN) starting today, as per a report on news outlet Reuters on Tuesday. Dogecoin steals the crypto spotlight as ‘DogeDay’ trends on TwitterDogecoin (DOGE) stole the crypto spotlight after its price skyrocketed by more than 500% over the past week. Miner explains why the Bitcoin hash rate fell by 25% recentlyMustafa Yilham, VP of global business development at Asian mining and wallet company Bixin, took to Twitter today to explain why Bitcoin’s hash rate—the total computing power of the blockchain—dropped by around 25% last week. A $1.45 billion Bitcoin fund is soon listing on NASDAQ Dubai3IQ Corp, the company behind a $1.45 billion Bitcoin Fund listed on the Toronto Stock Exchange (TSX), is gearing up to list it on Nasdaq Dubai, local outlet The National reported today. Inside DeFi and crypto builders with SwissBorg CEO Cyrus Fazel
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