(Bloomberg) — The proportion of Bitcoin traded over weekends has declined to an all-time low of 16% this year, according to cryptocurrency research firm Kaiko. Most Read from Bloomberg The drop comes in the wake of the launch of spot Bitcoin exchange-traded-funds, which appears to have shifted the periods when Bitcoin is traded to be […]
A powerful start to 2024 had the bulls predicting $100,000 bitcoin {{BTC}} at some point this year, but relentless selling pressure during April and June (interrupted by a May bounce) has the price struggling not to drop below $60,000 as the quarter draws to a close. Entering the second quarter, bitcoin was trading just shy […]
(Bloomberg) — Bitcoin’s performance is starting to be overshadowed by the Ether and Solana tokens as hype around US cryptocurrency exchange-traded funds shifts to the two smaller digital assets. Most Read from Bloomberg Solana surged the most in over a month on Thursday after fund manager VanEck filed an application to start an ETF for […]
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 […]