Bitcoin {{BTC}} fell back towards $60,000 on Wednesday, after a wallet tagged to the U.S. Government moved about $240 million worth of seized BTC to a Coinbase Prime address, igniting concerns among traders that the digital assets will likely to be sold. Some 3,940 bitcoin originally seized from a Silk Road vendor was moved by […]
Crypto Market Braces for Volatility as $10B in Bitcoin and Ether Options Set to Expire Bitcoin (BTC) options worth $6.68 billion and Ethereum (ETH) options worth $3.5 billion are slated to expire on Deribit, the leading crypto derivatives exchange, this Friday at 8AM UTC. This impending expiry represents over 40% of the current cumulative open […]
Take a moment and think about just how far Bitcoin (CRYPTO: BTC) has come. What was once worth just a few pennies has blossomed over the last decade and a half and is now worth more than $60,000. By most accounts, it’s probably a safe bet that Bitcoin will keep rising over the next 15 […]
After hitting an all-time high of $73,750 in March, the price of Bitcoin (CRYPTO: BTC) has recently slipped back under $61,000. The upcoming distribution of assets from the notorious Mt. Gox exchange is stirring the pot right now, and inflationary pressures are still doing funny things to volatile asset classes such as growth stocks and […]
(Bloomberg) — Bitcoin and Nvidia Corp. just reminded investors that the market’s hottest trades are far from one-way bets. Most Read from Bloomberg The largest digital asset posted one of its steepest drops on Monday since the onset of the crypto-market recovery at the start of last year, leaving investors pining for $60,000 as a […]
Dow Jones futures were little changed after hours, along with S&P 500 futures and Nasdaq futures. ↑ X NOW PLAYING Injured Players Don’t Stop These Stocks; Sprouts, Hartford And Merck In Focus The stock market rally was decided mixed Monday, with breadth strong even as the Nasdaq slumped amid the ongoing rotation away from AI […]
Bitcoin miners are seeing an influx of investor interest following Core Scientific’s AI deal with CoreWeave, the report said. Iris Energy is best positioned to take advantage of the growing HPC/AI opportunity. Investors are waking up to the alternative use cases for mining facilities and the value of power access. The bitcoin {{BTC}} mining sector […]
Bitcoin fell below the US$60,000 mark for the first time since early May, according to CoinGecko data, as Mt. Gox prepares to disburse funds from creditors. On Monday, the Mt. Gox trustee announced that it will start repaying creditors next week, a move that could introduce more selling pressure and destabilize the market further. The […]
What’s Causing the Bitcoin Price Decline? The market is all red once again. Over the past week, Bitcoin has shed nearly $5,000 from its value, plummeting from a comfortable perch above $66,000 to hover around the $61,000 mark (at the time of writing). This sudden plunge has left investors and analysts confused. This sharp decline […]
Dow Jones futures rose slightly early Monday. S&P 500 futures were little changed while the Nasdaq fell. Nvidia (NVDA) continued to fall on the stock market today while Bitcoin tumbled, hitting crypto stocks such as Coinbase (COIN). Facebook-parent Meta Platforms (META), Amazon.com (AMZN), Spotify Technology (SPOT) and Nu Holdings (NU) are stocks around buy points. […]
The good news is that Bitcoin (CRYPTO: BTC) is up 50% for the year. The bad news is that Bitcoin has been on a downward slide for much of the past three months. Ever since it hit a new all-time high of $73,750 back in mid-March, Bitcoin seems to have lost its mojo, and it […]
(Bloomberg) — Losses are piling up in crypto after the digital-asset market’s second-worst weekly drop of 2024, a reflection of cooling demand for Bitcoin exchange-traded funds and uncertainty over monetary policy. Most Read from Bloomberg A gauge of the largest 100 digital assets fell about 5% in the seven days through Sunday, the worst such […]