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Bitcoin Extends Record Streak of Weekly Losses to Eight

Down eight weeks in a row, Bitcoin for the second straight week has set a record for the most consecutive losing weeks.Compared with a May 16 closing figure of $31,300, Bitcoin closed Monday at about $30,287, according to BitStamp data. Today’s price, as of this writing, was about $29,375.Before last week’s record seventh straight week of red candles, the previous mark for consecutive losing weeks was six, during Bitcoin’s 2014 bear market. Back then, it steadily fell from $507 to $323 from Augu

decrypt.co3 h ago2 min read
Bitcoin Extends Record Streak of Weekly Losses to Eight

Coinbase Becomes First Bitcoin Company Among Fortune 500

Coinbase, the largest U.S. cryptocurrency exchange, has become the first crypto-focused company to be included in the Fortune 500.The exchange pulled in $7.8 billion in revenue for the 2021 fiscal year, ranking 437th on the list, which was announced on Monday. But when ranked by revenue growth, Coinbase, at nearly 514%, trailed only Moderna (almost 2,200%) among top 500 firms. The bulk of Coinbase's revenue is from trading fees.Both Coinbase and Moderna were among the companies that "thrived und

decrypt.co6 h ago2 min read
Coinbase Becomes First Bitcoin Company Among Fortune 500