Category: Slumps
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SolarEdge slumps further on plans to raise $300m bond
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Israeli Solar Energy Company SolarEdge technologies (Nasdaq: SEDG) has lost more than 90% of its value since November 2021, when it had a market cap of more than $20 billion and was Israel’s most valuable company on Wall Street. The company’s share price fell another 16% at the open of…
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NFT market slumps over 7%: Ethereum leads despite declinee
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The non-fungible token (NFT) market had another slow week, with total sales down 7.5% over seven days, to $121.4 million on June 1. Top blockchains by sales volume Over the past seven days, Ethereum (ETH) has remained in first place as the leading blockchain for NFT transactions after overtaking Bitcoin…
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Bitcoin Slumps Below $68,000 Amid Reports Of Mt. Gox Payouts
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Bitcoin price saw a 1.5% decline today, falling below the $68,000 level, after a brief peak near $70,600 yesterday. The decline follows the latest reports that Mt Gox, the once-dominant Bitcoin exchange that collapsed in 2014, has begun processing payments to its long-waiting creditors. This issuance of nearly 75,000 bitcoins,…
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DOGE, SOL, AVAX Keep Plummeting as BTC Slumps Toward $62K (Market Watch)
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Bitcoin’s positive price movements at the start of the business week were short-lived as the asset has lost over $3,000 since then and is now struggling to stay above $62,000. Altcoins are not in better shape, with DOGE, SOL, and AVAX down 5% or more in the past 24 hours.…