Solana, Avalanche Meme Coin Fever Continues as Bitcoin Nears $43K
Traders have increasingly favored these networks over Ethereum for their lower transaction fees and faster speeds.
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Traders have increasingly favored these networks over Ethereum for their lower transaction fees and faster speeds.
Zooko Wilcox (Will Ess for Pixelmind.ai/CoinDesk)
Share prices of publicly listed bitcoin mining companies are “on fire” thanks to high transaction fees, one analyst said.
Longs continue to get liquidated as the price of bitcoin and other major digital assets gyrate.
Investors moved the highest amount of BTC to exchanges since March, IntoTheBlock noted, signaling profit-taking after bitcoin’s first eight-week streak of gains since 2017.
The latest price moves in bitcoin [BTC] and crypto markets in context for Dec. 15, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
In the historic auction house’s first-ever sale of the Ordinals inscriptions known as “NFTs on Bitcoin,” a batch of three pixelated images from a mushroom-themed collection drew about $450,000, or roughly five times the highest estimates.
The Fed yesterday signaled that far easier monetary policy is in store for 2024.
The latest price moves in bitcoin [BTC] and crypto markets in context for Dec. 14, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Ether is expected to outperform bitcoin and other cryptocurrencies next year due to the Ethereum blockchain’s EIP-4844 upgrade, the report said.