Bitcoin dips amid surge in Ordinals minting, $166M in crypto liquidations reported
Bitcoin dips amid surge in Ordinals minting, $166M in crypto liquidations reportedThe increased minting of Ordinals-like transaction clogged the Bitcoin network, pushing transaction fees very high.
Happy Monday!The global crypto market cap is $1.55 trillion, with a 24-hour volume of $62.51 billion. The price of Bitcoin is $41,356.11, and BTC market dominance is 52.1%. The price of Ethereum is $2,156.12, and ETH market dominance is 16.7%. The best-performing sector is Cannabis, which gained 19%. The Crypto Fear & Greed Index is currently Greed (65). Top News
Bitcoin dips amid surge in Ordinals minting, $166M in crypto liquidations reportedThe increased minting of Ordinals-like transaction clogged the Bitcoin network, pushing transaction fees very high. FTX creditors stand to collectively lose millions under new reogranization planFTX's amended reorganization plan proposes to value the assets of creditors according to crypto prices on Nov. 11, 2022. Arweave AR token value drops 13% amid contentious hard fork debateArweave alleges that Irys approach to its fork is unethical and driven by greed, Irys responds. Latest Insights
More NewsSolana DEXs momentarily outpace Ethereum amid surge in memecoin, stablecoin activitySolana's DEXs are on course to exceed $10 billion in monthly trading volume. Tether USDT discount on exchanges hit 5-month high following revelation of collaboration with US authoritiesTether's collaboration with the U.S. authorities has drawn extensive criticism from crypto stakeholders. Blockchain private credit and tokenized treasuries value hits combined $1.34B continuing RWA resurgenceSurging 127% since 2023, blockchain-based private credit outpaces traditional markets growth with lower borrowing costs and increased transparency. Bitcoin miner Hut 8 to develop mining facility for bankrupt Celsius in TexasHut 8 said mining site will house around 66,000 miners and will be powered by more than 215 megawatts (MW) of energy. Crypto heavyweights invest $78 million in US PACs aiming for regulation-friendly legislatorsAmid regulatory challenges, crypto leaders funnel millions into political support for a pro-tech future.
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