First Mover Americas: BTC Retreats From $60K
The latest price moves in crypto markets in context for July 12, 2024.
Financial
Bitcoin
Financial
The Bullish Fed Rate-Cut Play in Bitcoin Is Not as Straightforward as You Think
At first glance, a Fed interest-rate cut appears to be a bullish signal, but that’s not necessarily true.
Financial
Iris Energy Has Committed Most of Childress Site to Expansion of Bitcoin Mining: Bernstein
The bitcoin miner’s shares slumped yesterday after a Culper Research report said the site was unsuitable for artificial intelligence and high-performance computing.
Financial
Bitcoin Miner Ionic Digital Hires CFO to Shepherd IPO
The company, which bought all of bankrupt lender Celsius’ mining assets, said new CFO John Penver has over 18 years of veri center technology and infrastructure experience.
Financial
Tump’s Odds of Nashville Conference Appearance Rise After Speakers Told of ‘Very Special Guest’
Many speakers were warned that the event schedule was now in flux.
Financial
Bitcoin Price Decline on Germany, Mt. Gox and Miner Sell Pressure May Be Overblown: NYDIG
Recent blockchain movements sparked “irrational” fears, offering a buying opportunity for investors, NYDIG’s Greg Cipolaro said.
Financial
Bitcoin at Pivotal Point as Bear Market Beckons: Onchain Data
Several factors point towards continued downside, but bitcoin whales continue to accumulate at the fastest rate in more than a year.
Financial
Bitcoin Miners Are Attractive Partners to Build Artificial Intelligence Data Centers: Bernstein
The broker initiated coverage on miners Iris Energy and Core Scientific with outperform ratings.
Financial
Drop in Bitcoin Mining Difficulty ‘Comparable to FTX Collapse,’ CryptoQuant Says
Miners’ profitability has been hit as the daily revenues fell from $78 million pre-halving to $26 million currently, one market analyst noted.
Financial
Bullish Drivers Remain In Play Despite Germany’s Bitcoin Sales and Mt. Gox Reimbursements
Macro factors and persistent “risk-on” in traditional markets suggest a promising outlook after BTC-specific supply overhangs run dry.