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Market Wrap: Bitcoin Climbs to $11.5K With Record Amount in DeFi

Market Wrap: Bitcoin Climbs to $11.5K With Record Amount in DeFi

Bitcoin bounced back from Thursday’s drop at a time when more of the cryptocurrency is locked in DeFi than ever before. Bitcoin (BTC) trading around $11,511 as of 20:00 UTC (4 p.m. ET). Gaining 2.2% over the previous 24 hours. Bitcoin’s 24-hour range: $11,231-$11,552 BTC above its 10-day and 50-day moving averages, a bullish signal …

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Bitcoin Miner Maker Canaan's Stock Hits Record Low 1 Month After Halving

Bitcoin Miner Maker Canaan’s Stock Hits Record Low 1 Month After Halving

Shares of Canaan Creative, one of the few publicly traded crypto miner manufacturers, plummeted below $2, their lowest after going public in November.  The Nasdaq-listed stock has been steadily falling since the bitcoin halving on May 11, according to data from Yahoo Finance. It closed at $1.98 at the end of the trading session Monday, …

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