Crypto Market’s Top Morning News on May 25th
Tuesday morning began with a slight rally in Bitcoin (BTC). As of 09:14 (Moscow time), after a slight adjustment, the crypto exchange rate was $38,646.
Ethereum also started the day with a slight increase, which was subsequently corrected. At the time of writing, ETH is trading at $2,635.
Over the past 24 hours, the top 10 in the CoinMarketCap cryptocurrency capitalization rating, with the exception of the stablecoins Tether, USD Coin and the Internet Computers token, have demonstrated stable positive dynamics. The best growth in the exchange rate per day was recorded at Binance Coin (+25.5%).
Over the past week, almost all of the top 10 coins have lost value except stablecoins. Polkadot (-46.04%) was getting cheaper than others.
Among the hundreds of the most capitalized cryptocurrencies, Ethereum Classic (+39.19%) has the highest daily growth rate.
In a week, all coins from the first hundred, again, with the exception of stablecoins, lost in value. Stacks (-12.38%) fell more actively than others. The largest losses for the week were recorded at Terra (-60.64%).
Top morning news on May 25
- Marathon Digital announced its intention to build a mining enterprise in Texas for 73 thousand bitcoins. According to a press release of the organization, Compute North will become a partner of Marathon Digital in this project. The new company planned to be 70% carbon-neutral to reduce the environmental impact of the mining industry.
- Investment fund Da Vinci Capital, which unsuccessfully invested in the failed cryptocurrency project TON of the Telegram messenger, filed a lawsuit against the company. Information about this appeared in the media. According to the prosecutor, the reason for the litigation between Da Vinci Capital and Telegram was the incorrect form of returning the funds invested in the project.
- Elon Musk decided to scrutinize the possibilities of using renewable energy sources for cryptocurrency mining. In his microblog, he wrote that he even discussed this with the “North American Bitcoin miners”. In response, members of the crypto community promised to develop and submit a plan for the use of renewable energy sources in the mining of cryptocurrencies.