Bitcoin price slips below $42,000 as short-term holders take profit

Bitcoin (BTC) experienced a price correction early this week, dropping below $42,000 on Monday. This correction is attributed to an increase in circulating bitcoin that is currently in a profitable position, according to analysis from ETC Group. André Dragosch, Head of Research at ETC Group, highlighted that the increase in profit-taking among bitcoin investors is…

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On heels of well-received energy plan, Tri-State faces lawsuit by Durango cooperative

A lawsuit has been filed by La Plata Electric Association, based in Durango, against Tri-State Generation and Transmission, alleging breach of contract and deceitful practices. The electric cooperative seeks to terminate its contract with Tri-State or receive compensation for damages incurred. This legal action comes amid disputes over rates, renewable energy initiatives, and the desire…

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Important Binance Announcement Affecting Bitcoin (Bitcoin) and Ethereum (ETH) Traders

Binance Withdraws Support for Ruble Trading Pairs, Expands Margin Trading Program Binance, the world’s largest cryptocurrency exchange, has announced plans to end support for several P2P trading pairs with the Russian ruble, including BTC/RUB and ETH/RUB, effective January 31, 2024. This decision follows Binance’s previous exit from the Russian market, with the exchange selling its…

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Why This US Database Unit Flagged Bitcoin Ordinal Inscriptions As A Cybersecurity Threat

The security concerns surrounding Bitcoin have captured the attention of the United States, with a specific focus on a vulnerability that arose with the Ordinals Protocol in 2022. The National Vulnerability Database, managed by the National Institute of Standards and Technology (NIST), a division of the US Department of Commerce, has officially identified and highlighted…

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Bitcoin, Ethereum, Dogecoin Mixed Amid Profit-Taking Frenzy: Analyst Says King Crypto Prime For Parabolic Surge, Mirroring Amazon’s 2010 Recovery

Major Cryptocurrencies Show Mixed Performance as Bitcoin Undergoes Correction Sunday evening saw a mixed performance in major cryptocurrencies, with Bitcoin undergoing a correction while some altcoins experienced significant gains. Despite this, the global crypto market cap reached $1.6 trillion with a 1.34% increase in the last 24 hours. In the past 24 hours, the cryptocurrency…

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