Metaplanet has been steadily adding to its Bitcoin holdings week after week, and with today’s acquisition, its stack now exceeds 639 Bitcoins. In the early hours of Monday’s trading on the Asia market, the Japanese corporation announced a further investment of 1 billion Japanese yen. This news comes as predictions
On analyzing sentiment parameters in the cryptocurrency sector, readings show positive as investors await the Uptober bull run. The recent price recovery in the overall market has influenced the optimistic sentiment. Additionally, Bitcoin’s price recovery has also raised traders’ hopes for upward movements. In the past week, Bitcoin’s price caused
Nearly half of American voters (49%) say a candidate’s pro-cryptostance is significant when picking them, according to a recent poll by ConsenSys and HarrisX. Furthermore, 62% are prepared to vote against their party’s candidate in order to support a candidate that is pro-cryptocurrency. The survey also revealed that a whopping
After a halving event, Bitcoin’s (BTC) performance tends to improve in the fourth quarter of bull cycle years. Despite predictions from CryptoQuant that this year would be similar, the numbers just don’t make up. During the three halving years of 2012, 2016, and 2020, the seasonal results for the price
In its unaudited fiscal year report, CleanSpark, a Bitcoin miner, said on October 4 that their hashrate had increased by 187% over the past year. The company’s total Bitcoin mined for the fiscal year reached 7,098 with 493 mined in September. It has 188,520 miners on the go with an
October is referred to as the “uptober” month, known for the upward momentum of the cryptocurrency market. Despite that, Bitcoin is suffering to regain its price. The largest cryptocurrency is currently trading above the $61K mark; a brief recovery has been made over the past 24 hours. On the other
Bitcoin has struggled to maintain momentum in the first few days of “Uptober,” a month typically marked by bullish sentiment. Despite high community expectations for Bitcoin to surpass $70K, the flagship cryptocurrency recently hit a 16-day low. Over the past week, Bitcoin has dropped 6%, primarily due to macroeconomic factors.
Bitcoin mining company TeraWulf reported its 25% stake sale in the nuclear-powered Nautilus Bitcoin mine in Pennsylvania to its joint venture partner Talen Energy for $92 million. TeraWulf plans to invest further in high-performance computing (HPC) and artificial intelligence (AI) data centers. The transaction, which results in a 3.4x return
Metaplanet, a Japan-based Bitcoin investment firm, has announced the sale of 233 BTC put options with a strike price of $62,000 expiring on December 27, 2024. It resulted in earning a premium total income of 23.97 BTC. The firm’s strategic use of Bitcoin derivatives is to generate additional income from
Bitcoin recently showed a modest rise above $62K on October 2, but this rally quickly faded, reflecting a broader dip in the cryptocurrency market. Other major coins like Ethereum (ETH), Ripple (XRP), and Solana (SOL) faced declines of 5% to 10% over the past day. Analysts from QCP warn that
