Market Wrap: Bitcoin, ETH Jump as Equities Turn Positive Thursday
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Bitcoin rose 7.62% to $21,800 while ether gained 8.27% to $1,284 Online gaming firm Roblox’s stock jumped 16.2% to $39.52 in the past five days Major cryptocurrency assets traded up Thursday. Bitcoin (BTC) jumped 7.62% to over $21,800 while ether (ETH) gained 8.27% in the past 24 hours up to $1,284 as of 4:00 pm ET. In the wake of the release of the Federal Reserve’s minutes Wednesday, the US dollar continued to strengthen, closing in on parity with the euro for the first time since the early 2000s. US equities also climbed Thursday, emphasizing the current strong correlation between
Bitcoin and ether gained 10% and 45%, respectively, following Wednesday’s CPI numbers “After the catastrophic events that have unfolded in the crypto market over the past few weeks, stringent regulation could arrive soon,” one analyst said In the days following the release of higher-than-expected inflation data, cryptocurrencies have bounced back…
Bitmine Immersion Technologies has further cemented its position as the largest corporate holder of Ether after adding more than 24,000 ETH to its balance sheet over the past week. Key Takeaways: Bitmine now controls about 4.17 million ETH, equal to roughly 3.4% of Ether’s circulating supply. The company’s crypto and…