Cryptocurrencies Look Stronger than Stocks

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LOCAL HEART SURGEON HONOURED WITH PRESTIGIOUS INTERNATIONAL AWARD RECOGNISING WORK DONE…New Web Hosting Pioneer Emerges, Offering Affordable Hosting Solutions Coupled with…The crypto market continues to avoid gaining momentum on the upside but remains within an uptrend: the bulls fail to accelerate price gains, but the overall upward trend remains. ‘Extreme Greed’ persists in the markets, with the corresponding index at 79. In contrast, the sentiment in the stock markets is almost ‘Neutral’.

As a result of another recalculation, the difficulty of mining the first cryptocurrency increased by 3.92%. The index updated the maximum and reached 86.39 T. The average hashrate for the period since the previous change in the value was 705.39 EH/s. Outflows from Grayscale’s spot bitcoin-ETF have exhausted themselves, said Grayscale CEO Michael Sonnenschein. He attributed his expectations to the completion of a number of transactions for the realisation of GBTC units by bankrupt cryptocurrency companies. He cited the passing of the peak of a wave of clients switching to alternative Bitcoin ETFs with lower fees as another reason. Since the ETF was approved, outflows from GBTC have approached $16bn.

 

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