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Blockchain

Bitcoin Surges Past $96,400 Ahead of FOMC Meeting, Altcoins Show Mixed Movement



Bitcoin’s price has been fluctuating between $93,000 and $97,000 for about a week. In anticipation of the upcoming FOMC meeting, the cryptocurrency has seen a surge of over two percent in the last 24 hours.

Currently, Bitcoin is trading at $96,490 on international exchanges. Indian exchanges reflect a similar upward trend, with a 2.33 percent increase bringing the trading price to $94,875 as of Wednesday, May 7th. This suggests a positive, albeit volatile, sentiment surrounding Bitcoin as investors anticipate potential policy shifts following the FOMC meeting.



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by Cointelegraph

United States-based Bitcoin mining company TeraWulf nearly doubled its third-quarter revenue this year thanks to price growth in Bitcoin, as well as an expansion in mining capacity and new income from its AI business. Revenue for the third quarter increased 87% year-over-year to $50.6 million, with “digital asset revenue” making up $43.4 million, according to TeraWulf’s Q3 earnings report on Monday. In Q1, the company had reported a net loss, and in Q2, the miner’s revenue increased 34% year-over-year to $47.6 million.  “These increases were… Source link

by Tech In Asia

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by Tech In Asia

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