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Coinjournal

  • Should you buy Block stock on a boost to bitcoin revenue in Q1?

    • May 5, 2023
    • Posted by: MasterAdmin
    • Category: Coinjournal
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    • Block didn’t see an impairment loss on its bitcoin holdings in Q1.
    • Analysts at KeyBanc continue to see upside in its shares to $85.
    • Block stock is currently down about 5.0% versus the start of 2023.

    Block Inc says it did not see an impairment loss related to its bitcoin hoard in the first financial quarter. Shares are trading up in extended hours.…

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  • Will Stacks price go back up? Here’s the short-term outlook for STX

    • May 5, 2023
    • Posted by: MasterAdmin
    • Category: Coinjournal
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    • Stacks price has declined 4% in the past 24 hours and is -15% this past 30 days.

    • STX currently trades near $0.78, and has a key supply zone near the psychological $1.00 level.
    • The price of STX rose sharply in February and March as the Ordinals hype hit the market.

    The price of Stacks (STX) made another higher low move on Wednesday, trading to highs of $0.82 after surging double digits alongside Bitcoin (BTC).…

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  • WOO, Conflux, KAVA prices lead gains as bank stocks plunge

    • May 5, 2023
    • Posted by: MasterAdmin
    • Category: Coinjournal
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    Woo Network, Conflux, and Kava prices held quite well even as American stocks continued plunging. WOO jumped by over 11.3% in the past 24 hours as we wrote here while Conflux and Kava soared by over 6%. Bitcoin remained steady at $29,000 while Ethereum and BNB prices held at $1,890 and $325, respectively. 

    US equities plunge

    American stocks continued falling on Thursday as investors reacted to the latest interest rate decision by the Federal Reserve.…

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  • Report: Coinbase share price continues to fall, as regulators and crypto volumes worsen

    • May 4, 2023
    • Posted by: MasterAdmin
    • Category: Coinjournal
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    Key Takeaways

    • Coinbase stock is down 87% from its IPO price, the company now worth $11 billion
    • Regulators are moving in on the industry in the US, creating an increasingly hostile environment
    • Share price reflects these developments, as well as plummeting volume in the crypto space, writes our Head of Research, Dan Ashmore 

    Coinbase is at war. 

    The exchange is the only publicly traded crypto platform in the US, an attribute that appeared a massive strength at the time of its IPO in April 2021.…

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  • WOO price surged by 12% today: can it hit $0.3500 soon?

    • May 4, 2023
    • Posted by: MasterAdmin
    • Category: Coinjournal
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    Key takeaways

    • WOO is the best-performing cryptocurrency amongst the top 100 by market cap today.

    • The rally comes as Woo Network listed new perpetual products and revamped its community ambassador programme.

    • WOO could be eyeing the $0.3500 psychological level following its recent rally.

    WOO price stands at $0.2893, up by more than 12% today

    WOO, the native token of the Woo Network, is the best performer amongst the top 100 cryptocurrencies by market cap today.…

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