Milk Road has acquired Bitcoin Price! Milk Road is the #1 crypto newsletter that is free and will make you smarter about crypto! | | | 📈 30 Second Cryptocurrency Price Summary | Current Bitcoin Price: $27,745 | Bitcoin price continues to range in the $27,000s following its weekend slide, as a head and shoulders pattern appears to form on the daily chart. | Top-20 altcoins have seen very small losses, as Ether falls less than 1%, BNB drops 1% and Tron is the sole gainer with a 1% gain. | Top Stories for May 9, 2022 🔥 | | Major exchanges, including Binance, Coinbase and several others are embracing the Bitcoin Lightning Network (LN) as a solution to high Bitcoin transaction fees. | The LN is a federated system for cheap, near-instant payments built on top of Bitcoin, which allows users to withdraw and send Bitcoin immediately from wallets, bypassing the congested Bitcoin blockchain. | Transaction fees on Bitcoin have soared over recent weeks due to "Ordinals" inscriptions, as well as the new "BRC-20" meme token craze. | | Crypto broker Voyager Digital has announced that it will liquidate some of its digital assets that cannot be withdrawn and return them to customers, after a deal to sell them to Binance.US fell through. | The liquidated assets include major cryptocurrencies such as Algorand, Celo, and Avalanche. A number of other cryptocurrencies will be returned to customers in digital form, but at a recovery rate of around 36%, according to a court filing. | The failed firm said on Twitter that it hopes initial distributions will begin within the next few weeks. | | Bittrex Inc. filed for Chapter 11 bankruptcy protection on Monday, less than a month after being charged by the SEC for operating an unregistered exchange. | The company has assets and liabilities each estimated to be worth between $500 million and $1 billion and over 100,000 creditors. The bankruptcy filing will not impact Bittrex Global, which will continue operations as normal for customers outside the US. | | Today on Milk Road: Recapping the first week of Blend, Throwback Tuesday: Bitcoin’s 1st Reddit post, Visual of the day: ETH active deposits’ 18-month high, and Burn ETH, burn. |
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