Crypto Price Analysis 5-2: BITCOIN: BTC, ETHEREUM: ETH, SOLANA: SOL, CELESTIA: TIA, BITTENSOR: TAO, UNISWAP: UNI, NEAR PROTOCOL: NEAR
The post Crypto Price Analysis 5-2: BITCOIN: BTC, ETHEREUM: ETH, SOLANA: SOL, CELESTIA: TIA, BITTENSOR: TAO, UNISWAP: UNI, NEAR PROTOCOL: NEAR appeared on BitcoinEthereumNews.com.
The crypto market registered a substantial jump over the past 24 hours as Bitcoin (BTC) raced past $96,000, breaking past the resistance to reach $97,000. Altcoins traded in positive territory as well, registering notable increases. As a result, the crypto market cap is up nearly 2%, crossing the 3 trillion mark to $3.02 trillion. BTC is up over 2% in the past 24 hours as it attempts to cross $97,000. A decisive move past this level could take BTC to the crucial $100,000 mark. Ethereum (ETH) continued its recovery for the second consecutive day. ETH had plunged to a low of $1,741 before rebounding to reclaim $1,800 and move to its current level. The world’s second-largest cryptocurrency is up almost 2% in the past 24 hours. Ripple (XRP) registered a marginal increase to settle at $2.22, while Solana (SOL) is up nearly 1% as it looks to reclaim $150. Dogecoin (DOGE) and Cardano (ADA) also registered substantial increases over the past 24 hours, up almost 4% and 3% respectively. Chainlink (LINK), Stellar (XLM), Toncoin (TON), Hedera (HBAR), Litecoin (LTC), and Polkadot (DOT) also registered notable increases. Kuwait Cracks Down On Crypto Miners Kuwait, once among the cheapest places to mine crypto, is cracking down on the practice as it grapples with rising electricity demand and an escalating energy crisis. As a result, authorities have initiated a major crackdown on miners and crypto mining sites, accusing them of straining the country’s electric grid. Kuwait’s interior ministry stated that a major operation targeting homes engaged in crypto mining was underway, with over 60 individuals under investigation. The ministry said, “Crypto mining operations constitute an unlawful exploitation of electrical power and may cause outages affecting residential, commercial, and service areas, posing a direct threat to public safety.” The ministry’s action comes as Kuwait…
