Consolidation – DIGIT INFO

Ethereum Technical Analysis: Oscillators and Moving Averages Hint at Bearish Trend

DIGIT — Mon, 07 Oct 2024 14:10:12 +0000

As of Oct. 7, 2024, ethereum is trading between $2,467 and $2,473, with its market capitalization standing at $297 billion. Over the past 24 hours, its price has moved within a range of $2,416 to $2,510, accompanied by a trading volume of $12.87 billion. The 1-hour, 4-hour, and daily charts all suggest the market is […]

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Cleanspark Acquires Griid in $155 Million All-Stock Deal to Boost BTC Mining Operations

DIGIT — Thu, 27 Jun 2024 19:40:28 +0000

In a significant expansion move, Cleanspark, a leading U.S. bitcoin mining company, has announced the acquisition of its rival firm Griid for $155 million. This strategic all-stock transaction aims to enhance Cleanspark’s mining capacity, particularly in the aftermath of Bitcoin’s fourth halving event which has increased the pressure on mining profitability. Cleanspark Acquires Griid in […]

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Novogratz Predicts Bitcoin Trading Between $55K-$75K This Quarter

DIGIT — Mon, 20 May 2024 00:24:55 +0000

Bitcoin is expected to trade within a narrow range this quarter, according to Michael Novogratz, founder of Galaxy Digital Holdings Ltd. “Bitcoin, ethereum and everything else, solana will consolidate,” he said last week, adding that it means BTC will probably trade “somewhere between $55,000 and $75,000 until the next set of circumstances, the next set […]

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Bitcoin price action is beginning to mirror BTC’s 2015-2017 pre-bull market cycle

DIGIT — Tue, 15 Aug 2023 21:15:04 +0000

Bitcoin price action and the crypto markets’ structure is beginning to mirror the pre-bull run activity seen in previous years, according to Delphi Digital.

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‘Evidence is piling’ for a new crypto bull run: Delphi Digital co-founder

DIGIT — Tue, 15 Aug 2023 05:05:04 +0000

Delphi Digital co-founder Kevin Kelly believes a recent change in a key U.S. manufacturing business index could be one of the bellwethers for a crypto bull run.

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Analysts tip 5 catalysts that could break Bitcoin, crypto from its stupor

DIGIT — Tue, 15 Aug 2023 02:27:01 +0000

Analysts believe spot Bitcoin ETFs, new stablecoin adoption, and an upcoming Ethereum scaling upgrade are among the catalysts that could reignite the crypto markets.

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Deribit’s Bitcoin volatility index hits lifetime lows, hinting sideways action

DIGIT — Tue, 25 Jul 2023 05:06:29 +0000

The Bitcoin Implied Volatility Index has fallen to its lowest levels since the crypto options exchange launched the tracker in early 2021.

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FTX Finds $7.3 Billion in Liquid Assets; Lawyers Consider Rebooting Shuttered Crypto Exchange

DIGIT — Thu, 13 Apr 2023 17:30:01 +0000

FTX debtors revealed during a hearing on April 12th that the restructuring team has collected $7.3 billion in liquid assets. The exchange is currently considering a relaunch, according to a lawyer representing the defunct cryptocurrency exchange. Following the announcement, the exchange’s token, FTT, increased by over 70%, rising from $1.30 to $2.35 per unit. Lawyers […]

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Further BTC mining consolidation as Crusoe acquires peer mining firm

DIGIT — Thu, 13 Oct 2022 02:42:26 +0000

Crusoe Energy Systems has just acquired the operating assets of Great American Mining, a sign that further consolidation could be ahead.

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Report: On-chain data points to crypto consolidation in Q3

DIGIT — Thu, 06 Oct 2022 14:00:00 +0000

The latest quarterly report from DappRadar highlights a period of consolidation across the cryptocurrency ecosystem following a turbulent Q2.

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