As a seasoned crypto investor with over a decade of experience navigating the volatile and ever-evolving digital asset landscape, these latest updates have piqued my interest more than ever.
Check out U.Today’s top three news stories over the past day.
XRP breakout might happen in two days: Key pattern to watch
Looking at XRP’s price movement, it appears that the digital asset is currently within a downward sloping trading range, hinting at an imminent breakout. After experiencing a sharp upward trajectory, XRP is now in a consolidation phase, with its value consistently holding above lower support levels around $2.30, showing strong bullish tendencies.
MicroStrategy has 90% chance of being added to Nasdaq 100
As a researcher, I’m keeping an eye on some intriguing developments with the Nasdaq 100 index. According to insights from Polymarket bettors, there’s a 90% chance that MicroStrategy might be added to this prestigious index. Alongside MicroStrategy, it seems likely that Axon Enterprise and Palantir Technologies will also join the Nasdaq 100. On the flip side, Super Micro Computer and Moderna, both IT and biotech companies respectively, appear to be on their way out of the index.
Bitcoin miners’ revenue hit $71 billion in epic milestone
According to Glassnode’s report, on December 5th, Bitcoin miners amassed a significant total of $71.49 billion, marking a significant achievement. On the same day, Bitcoin’s price soared past $100,000 for the first time ever, causing its market capitalization to momentarily surpass $2 trillion. The miners’ earnings from processing transactions and safeguarding the network amounted to $67.31 billion from block subsidies and an additional $4.18 billion from transaction fees. To date, a total of 19,791,952 Bitcoins have been mined, accounting for 94.2% of the maximum supply of 21 million. Since the first block was mined, a total of 873,304 blocks have been processed, with an average interval of approximately 11.8 minutes between each block. Furthermore, Bitcoin has shown impressive transaction growth, handling over 1.12 billion transactions (unfiltered) and facilitating a staggering $131 trillion in transfers since its creation.
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2024-12-13 19:22