Ether and other leading cryptocurrencies remained predominantly in the green throughout the day.
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Bitcoin and Cryptocurrency Prices Expected to Decline in Anticipation of an Impending Liquidity Shock, Analysts Warn
Analysts suggest that the recent boost in risk assets, including cryptocurrencies, due to improved liquidity conditions this year is likely to reverse once the U.S. debt ceiling is lifted and the Treasury, along with the Federal Reserve, resumes their tightening measures.17
Investors were eagerly anticipating the House vote on the debt limit deal, which was set to take place on Wednesday.12
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Nike's .SWOOSH NFT drop encountered several stumbling blocks, whereas a Bitcoin NFT collection soared to the top of the charts, and the momentum of NFT lending continues to grow.21
On Sunday, a staggering amount of over 9.3 million tokens will become accessible, accounting for approximately 1.2% of AXAX's overall supply.18
The crypto debates have become progressively more polarized and politicized, exemplified by a recent CoinDesk article highlighting a contentious mining facility in New York.18
Bitcoin remains stagnant, inching closer to marking its first month of decline in 2023. Meanwhile, Ether experiences a slight increase but appears poised to end May in the red as well.17
Amidst the scarcity of verifiable information, a group of cryptocurrency enthusiasts are proactively making moves.21