Bitcoin Mining Was Significantly Less Profitable in August, Jefferies Says
September could be another difficult month for the miners as bitcoin remains under $60K and the network hashrate continues to rise, the report said.
Financial
Bitcoin
Financial
Bitcoin ETFs Are Fine Despite Suffering Their Worst String of Outflows, Says Expert
Investors during late August and early September pulled roughly $1.2 billion out of the funds over eight consecutive days, the longest streak of exits so far.
Financial
Bitcoin Retakes $57K, but Potential Positive Catalysts Are ‘Sparse,’ Says NYDIG
“Bitcoin might be at the whims of the broader market backdrop,” wrote NYDIG’s Greg Cipolaro.
Financial
Michael Saylor Says Republicans Have More ‘Progressive’ View on Crypto, Democrats ‘Drifting to the Middle’
MicroStrategy has purchased roughly $8.3 billion worth of bitcoin since August 2020.
Financial
First Mover Americas: Bitcoin Reclaims $55K Ahead of Tuesday’s Harris-Trump Debate
The latest price moves in crypto markets in context for Sept. 9 2024.
Financial
Bitcoin Could Hit $90K by Year End if Trump Becomes President Again: Bernstein
If Kamala Harris wins, the world’s largest cryptocurrency could drop to as low as $30K, the report said.
Financial
Crypto Market Lacks Major Near-Term Catalysts, JPMorgan Says
Total crypto market cap was $2.02 trillion at the end of August, a 24% decline from this year’s peak of $2.67 trillion in March, the report said.
Financial
Bitcoin Flounders Ahead of Friday Jobs Report That Might Push Fed to Slash Rates by 50 Basis Points
The U.S. central bank has indicated it will begin cutting the fed funds rate at its mid-September meeting, but the size and speed of the easing cycle is up for debate.
Financial
Crypto for Advisors: Bitcoin and Gold, Stores of Value
The approval of the bitcoin and Ethereum ETFs could represent a similar change in market to what central banks caused in gold markets post-2022 – a new factor that, at least temporarily, overwhelms traditional narratives, including the “store of value” concept.
Financial
First Mover Americas: BTC Erases Gains From Wednesday’s Brief Rally
The latest price moves in crypto markets in context for Sept. 5, 2024.