Bitcoin (BTC) has displayed a notable downturn, succumbing to pressures as it dropped by a significant 7% today, March 20. This downward spiral marks the second consecutive day of outflows for Bitcoin ETFs, with $326 million exiting the market, more than doubling the previous day’s figures. The BTC price decline
Bit Digital, a Bitcoin mining company, has reported profits of $44.9 million for 2023, an increase of 39% compared to 2022. According to Bit Digital, their earnings for 2023 were 1,507.3 BTC, up 21% from the previous year. At the current market pricing, the mining firm’s stated quantity of Bitcoin
With the closing of its offering of 0.875% convertible senior notes due in 2031 on March 18, 2024, MicroStrategy purchased another 9,245 BTC. The firm’s overall Bitcoin holdings have increased to 214,246 BTC, representing 1% of the 21 billion total Bitcoin supply, thanks to this substantial accumulation. As the news
In a rollercoaster turn of events, the cryptocurrency market witnessed a significant downturn today, sending shockwaves through the community of enthusiasts and investors alike. As the dust settles, traders are split between panic and opportunity, with some seeing the market crash as a chance to “buy the dip.” The overall
Cryptocurrencies’ price estimates for 2024 and 2025 were updated on Monday by banking behemoth Standard Chartered. Bitcoin will likely reach $150,000 by year’s end, according to Standard Chartered, and $250,000 in 2025. In addition, the bank anticipates that the price of Ethereum (ETH) will hit $8,000 upon approval of a
Bitcoin’s recent tumultuous journey has left investors and market enthusiasts on edge as the cryptocurrency experiences unprecedented highs and worrying dips. After reaching an all-time high of over $73,500 earlier this month, Bitcoin’s rapid ascent was matched by an equally swift descent, plunging below the $65,000 mark. Presently, it hovers
Marathon Digital Holdings recently made an announcement about a formal deal to acquire a 200 MW Bitcoin mining facility in Texas from Applied Digital for $87.3 million. After all changes to the price have been negotiated, the deal will be finalized since Marathon has agreed to pay the acquisition price
Investment banking behemoth Vanguard’s chairman of the board and chief executive officer Tim Buckley has reiterated his firm’s intention to stay out of the spot Bitcoin exchange-traded fund market. According to Buckley, his company has been getting a lot of inquiries on the timing of potential spot Bitcoin exchange-traded funds.
After taking volatility into account, a JP Morgan analyst claims that Bitcoin is currently more heavily allocated to investor portfolios than gold. Investors’ allocation to Bitcoin (BTC) is 3.7 times more than that to gold, according to JPMorgan managing director Nikolaos Panigirtzoglou, who allegedly said this after accounting for volatility.
Crypto industry heavyweight MicroStrategy led by Michael Saylor has now announced plans to raise an astounding $525 million via the issuance of convertible senior notes. This strategic decision comes only weeks after the firm attempted to increase the sale of its notes to $700 million. This massive boost demonstrates MicroStrategy’s
