On Thursday, Bitcoin miners suffered the most significant impact.
Market
Market
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ALSO: CoinDesk's Daniel Kuhn reflects on the recent crypto regulations passed by the European Parliament, while highlighting the apparent hesitation and uncertainty in the United States regarding the development of effective regulatory policies.
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Noelle Acheson, former head of research at CoinDesk, argues that while longer-term narratives such as bitcoin's potential as a store-of-value are significant, the price of bitcoin is primarily influenced by short-term, volatile market sentiment.
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ALDO: CoinDesk's Consensus Magazine presents its latest special feature, highlighting 19 notable blockchain, cryptocurrency, and Web3 projects to keep an eye on in 2023.
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On Monday, BTC experienced a drop to as low as $29,292 before making a slight rebound. According to one analyst, the surge from $28,000 the previous week had not been thoroughly tested.
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Vetle Lunde, who made a prediction last week that Bitcoin would hit $45,000 in May, suggests that the market has stabilized following the removal of "rotten fruits" from the industry.
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Ethereum's Successful Shanghai Upgrade Results in Price Surge Above $2,100, Reaching Highest Level Since May 2022
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Last month, Binance granted a fee exemption of zero for the BTC-TUSD trading pair, while excluding the same promotion for Tether's USDT.
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Michael Safai stated that due to its inherent stability, Bitcoin is not necessarily the most buzzworthy topic of discussion.
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Following the Ethereum Shanghai upgrade, Ether has experienced a surge of over 9%, becoming the focal point of crypto markets during the week. Meanwhile, Bitcoin maintained its position above $30,000 with unwavering stability.
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