Global

The Non-Fungible Token (NFT) market is experiencing a significant downturn as crypto investors redirect their attention and funds towards Bitcoin (BTC) and Ethereum (ETH) Exchange-Traded Funds (ETFs). This shift in investment focus has led to a notable decline in NFT prices and overall market activity.

Recent data reveals that Bitcoin's circulation has plummeted to its lowest point in 13 years, raising questions about its original purpose as "electronic cash." This decrease in circulation suggests a shift in how Bitcoin is being perceived and utilized by investors and users.

ntelion, a prominent Russian cryptocurrency mining firm, has announced a significant investment of $135 million into the development and application of artificial intelligence (AI) technologies. This bold move signifies the company's commitment to diversifying its operations and staying at the forefront of technological innovation.

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, is experiencing a gradual decline as market pressure intensifies. The cryptocurrency has recently struggled to maintain its upward momentum, with its price slipping below key support levels.

Bitcoin (BTC), the world's leading cryptocurrency, is trading near $67,250 as the market awaits the release of crucial US Consumer Price Index (CPI) data and the Federal Reserve's interest rate decision. The CPI data is expected to shed light on the state of inflation, while the Fed's rate decision could significantly impact market sentiment.

In a dramatic turn of events in the cryptocurrency mining industry, Bitfarms Ltd. has announced a comprehensive defense plan to counter the ongoing hostile takeover bid by rival Riot Blockchain Inc. The move comes as Bitfarms seeks to maintain its independence and protect shareholder value amid escalating pressure from Riot.